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was originally made for the margin call process and kept in the proposed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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