All, We'll have a call next Friday May 2 at 3 pm LDN/ 10 am NY. Please note that we are trying to have weekly meetings to solve some of the outstanding questions that Piers identified in the attached discussion paper. Piers will send a reminder at the end of the week. Thanks, -Marc -----Original Message----- From: commwg@xxxxxxxx [mailto:commwg@xxxxxxxx] On Behalf Of Piers Evans Sent: Wednesday, April 23, 2008 11:45 AM To: commwg@xxxxxxxx Cc: Guy Gurden Subject: FpML-Com FpML COM - Minutes of 2008-04-18 call and materials for 2008-04-25 call @ 3pm LDN / 10 am NY All, Many thanks for attending the call. Please find the minutes, decisions and actions below. I have also attached a discussion paper which attempts to set out where we have got to and should also provide a framework for our discussions during the next call(s). Also attached are the EFET schema files, the original GS proposal and Marc's comparison document. Regards, Piers Evans ***************** Dial in details for next call: US: 1 888 481 3032 UK: 0 800 904 7961 Intl: 1 617 801 9600 Participant Code: 751365 * Present Anthony Burrows, Deutsche Bank Esther Canosa, Goldman Sachs Hans Ellis, Swift (Co-Chair) Piers Evans, SwapsWire (Co-Chair) Luis Fierro, Deutsche Bank Marc Gratacos, ISDA Raphael Iageh, Goldman Sachs Chito Jovellanos, Forward Look Lyteck Lynhiavu, ISDA Brian Lynn, GEM Bulent Ozkan, Triple Point Jason Robinson, Deutsche Bank John Solder, UBS * Apologies Huw Brunswick, EFET * Minutes MG The standards committee had agreed that Hans Ellis of SWIFT and Piers Evans of SwapsWire should be co-chairs based on their prior knowledge of FpML working groups. MG Presented spreadsheet of user priorities submitted. BL Indicated the settlement matching parts of the FpML schema may not be as readily portable to the commodity products as first thought. BL consequently suggested that cash flow matching be put off until the underlyer and product schemas were more complete since this will clarify naming issues etc. PE Lead discussion of some of the detail of the GS proposal. Note that this discussion is summarised in the attached discussion paper. AOB - LF requested details of group membership, details of which will be posted on the fpml.org website. BO Asked if the call be earlier in the day. * Decisions The group agreed on the following priorities: 1. Commodity Underlyer 2. Vanilla Swaps 3. Basis Swaps 4. Options 5. Cash Flow Matching 6. Physical Trades 7. Cross Commodity Swaps The group agreed that cash flow matching work should wait until the schema is closer to being finalised. Meetings will be weekly at first since the aim is to get something into the first FpML 4.4 working draft which is scheduled for Summer 2008. Next meeting 1500 LDN Fri 25 April 2008 * Actions PE/HE/MG - Ensure the website for the group is updated to reflect membership / aims BL - Review of cash flow matching model vis-a-vis commodities at a high level to flag up potential issues Group - decide if future calls could be at the earlier time of 8 am NY / 1 pm LDN as opposed to 10 NY / 3 LDN. Please could you all reply to the list stating whether you are for / against / ambivalent about this change in advance of the next call. --------------------------------------------------------------------- This is a commercial communication sent by SwapsWire Limited. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. 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Commodity UnderlyerDiscussion Paper.doc
Description: Commodity UnderlyerDiscussion Paper.doc
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eCM-3[1].3-schemas(1).zip
Description: eCM-3[1].3-schemas(1).zip
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2007-07-18.zip
Description: 2007-07-18.zip
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Comparison Underlyer EFET.doc
Description: Comparison Underlyer EFET.doc