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FPML-CWG RE: Collateral WG Meeting Minutes - September 29, 2010





Richard,

 

I hope this finds you well.


Apologies for our spotty attendance/contribution to date.  Alex Ravenel, from our collateral data team, will now be our representative on these calls.  You might remember him from the BNY Mellon project.

 

We look forward to taking a more active role.

 

Best regards

 

From: owner-colwg@xxxxxxxx [mailto:owner-colwg@xxxxxxxx] On Behalf Of richard.barton@xxxxxxxxxxxxxxxx
Sent: Sunday, October 03, 2010 6:32 PM
To: colwg@xxxxxxxx
Subject: FPML-CWG Collateral WG Meeting Minutes - September 29, 2010

 

Please find the minutes for the September 29 meeting.

 

Participants

1.       Jesse Nolan (UBS)

2.       Anil Panchal (GlobeOp)

3.       Joe Novellino (DB)

4.       Tom Brown (OMGEO)

5.       Irina Yermakova (ISDA)

6.       Marc Gratacos (ISDA)

7.       Lyteck Lynhiavu (ISDA)

8.       Richard Barton (Algorithmics)

 

Summary

 

·         Interest Calculations and Interest Statement: The group reviewed the design of the new <interestCalculationDetails> structure that shows for each day of the interest period how the interest was calculated and accrued.

-          The calculation details <interestCalculationDetails> can be included in both the IN1 message <requestInterest> and a standalone <interestStatement> message (name may change)

-          à Anil volunteered to provide examples of interest statements to show what fields are included and how they are named (done – see his email sent 9/29)

·         Further technical review of the collateral work The collateral messages the group developed will undergo a technical review on Monday October 18 by the FpML Coordination Committee to make sure they follow best practice. It is a normal standards process to ensure the quality of the collateral deliverables. Richard and Lyteck will present the work to that review body.

 

               

No meeting on Wednesday October 6 – we’ll take this time to work on the documentation and present to the group the following week.

 


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