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Apologies – I have a conflict and will not
be able to attend. Thomas L. Brown Jr. | Senior
Manager Standards & Market
Practice Cell: 617 283 5200 From:
owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of Sammy Lee Sorry can't make it but will try best
effort. Sam From:
owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of Lyteck Lynhiavu Please find the minutes for the
September 15 meeting. (amended
in brown) Participants 1.
Anil Panchal (GlobeOp) 2.
Benjamin Riley + Sam (Deloitte
& Touche) 3.
Tom Ciulla (Deloitte & Touche) 4.
Joe Novellino (DB) 5.
Evelyne Piron (SWIFT) 6.
Simone Milani-Foglia (LCH
Clearnet) 7.
Irina Yermakova (ISDA) 8.
Lyteck Lynhiavu (ISDA) 9.
Richard Barton (Algorithmics) Apologies: 1.
Tom Brown (OMGEO) 2.
Jesse Nolan (UBS) Summary 
IN1 Interest Notification – special scenario the
group discussed the case where a specific cash collateral is both held and
posted during an interest period. A couple of options were presented to
represent gross and net treatments; the content model will need to support both
the scenarios (standard, single cash payment & cash movement in both
directions) à
Richard and Lyteck will refine the proposal 
Documentation The group
reviewed the high-level documentation for the Substitution and Interest Processes
that will be included in FpML 5.1 WD2 scheduled early October. More details
will be added over the coming weeks and submitted to the group for review. 
Evelyne
mentioned the possible addition of an interest statement message for
alignment with the ISO messages – to be discussed at the next meeting. 
Substitution Process: Do we need to distinguish between variation margin and segregated independent amount for a
substitution request? The group agreed to keep the content model unchanged as
is readily allows for that common scenario. E.g., collateral substitution could
be requested only for variation margin, for example.
Next meeting – Wednesday,
September 22 The information contained in either this
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