See Pierre Lamy’s
e-mail below.
Regards,
Irina
Yermakova
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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