FPML-CWG FW: Collateral WG Meeting: Wed July 14, 2010 @ 10am New York / 3pm London

[Lyteck Lynhiavu <LLynhiavu@xxxxxxxx>]

Please use this updated link to join the web session à https://www2.gotomeeting.com/join/151660907

 

From: owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of richard.barton@xxxxxxxxxxxxxxxx
Sent: Wednesday, July 14, 2010 8:20 AM
To: colwg@xxxxxxxx
Subject: FPML-CWG Collateral WG Meeting: Wed July 14, 2010 @ 10am New York / 3pm London

We’ll have a meeting Wednesday at the usual time:

Next Meeting – Wednesday July 14, 2010 @ 10am New York / 3pm London

Going forward, we will use remote web sessions to make it easier to review the schema and examples during the calls.  Please note you may need to install a small module to view the meeting. Those who can’t install the module can also follow by opening the XML files directly (see attached zip; rename .zip-email extension to .zip).

1.  Please join my meeting.

https://www2.gotomeeting.com/join/151660907

Meeting ID: 151-660-907

 

2.  Join the conference call:

US Dial-in:                      888-481-3032

UK Toll Free:                  0800 904 7961

International Dial-in:     617-801-9600

Passcode:                       8682747

 

Agenda

·           - FpML 5.1 Working Draft 1 Deliverable (schema, examples, schema documentation, documentation)

·           - Proposal to rename collateral messages:

• requestMarginCall (MC1) à renamed to requestMargin

• disputeAcknowledgement (MC11) àrenamed to disputeNotification (“acknowledgement” is reserved for the low-level system message)

• proposeCollateral (MC3c) àrenamed requestCollateralAcceptance

• Acknowledgement, Exception, Retraction messages are standard low-level system messages. The following messages were added:

• marginAcknowledgement (related to MC1)

• marginException

• collateralAcceptanceAcknowledgement (related to MC3c)

• collateralAcceptanceException

• disputeAcknowledgement (related to MC11)

• disputeException

• disputeRetracted

• Messages not renamed yet:

• marginCallStatus (MC3b/MC5/MC6 = response to MC1)

• collateralProposalStatus (MC7/MC8 = response to MC3c)

Action Items / To do

1.       All firms to validate the schema/content model by creating their own XML examples or by providing margin call examples which we can translate to XML.

2.       GlobeOp / Richard to put together a list of definitions (i.e., glossary of collateral terms) that will be used to document the schema.

3.       Renaming of collateral messages to comply to FpML message naming patterns (ongoing)

Ref: http://www.isda.org/c_and_a/pdf/Electronic-Messaging.pdf

 

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Attachment: electronic-messaging-pdf_MarginCallProcess.jpg
Description: electronic-messaging-pdf_MarginCallProcess.jpg

Attachment: FpML_collateral_xml_20100714.zip-email
Description: FpML_collateral_xml_20100714.zip-email