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

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

Date: Wed, 15 Sep 2010 08:13:06 -0400

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Thread-topic: 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
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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 The distinction was originally made for the margin call process and kept in the proposed substitution messages.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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