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RE: FPML-CWG Collateral WG Meeting: Wed September 15, 2010 @ 10am New York / 3pm London



Apologies Richard, I will be unable to attend.
 
Thanks,
Jesse
 

Jesse Nolan
Associate Director, Collateral & Processing Utility, UBS Investment Bank
Internal Tel: 19 337 4093, External Tel: (203)719-4093
Fax: (203)719-7843
Personal e-mail: jesse.nolan@xxxxxxx

UBS Operations: Delivering post trade client service excellence.

 


From: owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of richard.barton@xxxxxxxxxxxxxxxx
Sent: Tuesday, September 14, 2010 4:00 PM
To: colwg@xxxxxxxx
Subject: FPML-CWG Collateral WG Meeting: Wed September 15, 2010 @ 10am New York / 3pm London

We’ll have a meeting Wednesday as usual.

Next Meeting – Wednesday September 15, 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. (see word doc “col-ex26-IN1”)

 

2.       Review of early draft documentation for  (see word doc “FpML collateral documentation 51wd2 draft1”)

 

 

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

 

 (Ref http://www.isda.org/c_and_a/pdf/Electronic-Messaging.pdf p.9)

 

 

 

outstanding questions:

·         Substitution Process: 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 The distinction was originally made for the margin call process and kept in the proposed substitution messages.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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