FW: FpML-Com ISDA FpML Commodities Working Group - Conference Call Meeting Friday 20 April 2007

["Irina Yermakova" <IYermakova@xxxxxxxx>]

Title: ISDA FpML Commodities Working Group - Conference Call Meeting Friday 20 April 2007

See Pierre Lamy’s e-mail below.

 

Regards,

Irina Yermakova

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From: Lamy, Pierre [mailto:pierre.lamy@xxxxxx]
Sent: Friday, April 20, 2007 8:04 AM
To: commwg@xxxxxxxx
Cc: Irina Yermakova; Karel Engelen; Marc Gratacos; brian.lynn@xxxxxxxxxxxxxxxxxxx
Subject: RE: FpML-Com ISDA FpML Commodities Working Group - Conference Call Meeting Friday 20 April 2007

 

Elaine,

 

On behalf of Rosh Joseph, who is unavailable today, I am sending you a proposal for an alternative representation of the commodity underlyer.  That way, people will have chance to look at it ahead of your next meeting.

 

This is as a follow-up from concerns that Rosh expressed earlier in the week, in relation to the fact that the current underlyer representation seemed to be focused on listed index underlyers (as it extends the ExchangeTraded type), leading to a possible scope/usage confusion in relation to the existing index construct.

 

The alternative construct that we propose aims at covering the various sets of commodity underlyers (listed index, OTC index and physicals).  Because of time constraints we did not had a chance to fully develop the two schemes that we suggest to have, nor to write all appropriate schema definitions.  We would do this if the group considers this approach as a viable avenue.

 

Regards,

 

Pierre

 

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Attachment: AlternativeCommodityUnderlyer.zip
Description: AlternativeCommodityUnderlyer.zip