Please find the latest schema and updated ex22 (IN1 - Interest Notification) example with the addition of an optional calculationFrequency (of FpML type Period). Thanks,
<calculationFrequency>
<periodMultiplier>1</periodMultiplier>
<period>M</period>
</calculationFrequency>
(rename .zip-email to .zip)
From: owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx]
On Behalf Of Lyteck Lynhiavu
Sent: Tuesday, September 07, 2010 12:47 PM
To: colwg@xxxxxxxx
Subject: FPML-CWG Collateral WG Meeting: Wed September 8, 2010 @ 10am New York / 3pm London
We’ll have a meeting Wednesday as usual. (updated schema and examples will follow)
Next Meeting – Wednesday September 8, 2010
@ 10am New York / 3pm London
Agenda:
1.
IN1 – Interest Notification (special scenario): Richard started 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. (please review the
attached Word doc)
2.
Any open questions (e.g., implementation, FpML syntax, feedback…) on the Margin Call, Substitution or Interest Processes?
Dial in details:
-
Please join the web conference
https://www2.gotomeeting.com/join/151660907
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
Passcode: 8682747
Scenario 1 - Interest Message Exchange – utilizing matching service
Illustration 2 – Interest Message Exchange – not utilizing matching service:
(Ref
http://www.isda.org/c_and_a/pdf/Electronic-Messaging.pdf p.9)
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The distinction was originally made for the margin call process and kept in the proposed substitution messages.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.
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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.