We’ll have a meeting Wednesday as usual.
Next Meeting – Wednesday September 1, 2010 @ 10am New York / 3pm London
1. We will continue the review of interest process messages. In particular, the response (IN2/IN3/IN5)
· IN1 – Interest Notification (<requestInterest>, ex22)
· IN1 – Interest Notification (matching service) (<requestInterest>, ex23)
· IN2/IN3/IN5 – Accept/Reject Date/Dispute Interest (<interestStatus>, ex24)
· IN2/IN3/IN5 – Accept/Reject Date/Dispute Interest (matching service) (<interestStatus>, ex25)
(see schema & examples attached in zip file / rename .zip-email to .zip)
2. IN1 – Interest Notification (special scenario): Last week Richard closed the meeting by discussing a special scenario that we may want to support in the messages: In the case that a specific cash collateral is both held and posted during a period the parties need to decide whether to roll in the respective interest or physically settle the interest. (I will forward a couple of proposals prior to the meeting)
Dial in details:
- Please join the web conference
Meeting ID: 151-660-907
- Join the conference call:
US Dial-in: 888-481-3032
UK Toll Free: 0800 904 7961
International Dial-in: 617-801-9600
Scenario 1 - Interest Message Exchange – utilizing matching service
Illustration 2 – Interest Message Exchange – not utilizing matching service:
Substitution Process – outstanding question:
· Do we need to distinguish between variation margin and segregated independent amount for a substitution request? The distinction was originally made for the margin call process and kept in the proposed substitution messages. This is an open question for the group.
The information contained in either this email and, if applicable, the attachment, are confidential and are intended only for the recipient. The contents of either the email or the attachment may not be disclosed or used by anyone other than the addressee. If you are not the intended recipient(s), any use, disclosure, copying, or distribution is prohibited and may be unlawful. If you have received this communication in error, please notify us by e-mail at isda@xxxxxxxx <mailto:isda@xxxxxxxx> then delete the e-mail and all attachments and any copies thereof. This communication is part of an ISDA process and is not intended for unauthorized use or distribution.