All, Please note that there is a call today to discuss the attached. Dial in details: US: 1 888 481 3032 UK: 0 800 904 7961 Intl: 1 617 801 9600 Participant Code: 751365 I have put the minutes to the last call below as well. 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. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version. Company Details SwapsWire Limited is regulated by the Financial Services Authority and is entered in the FSA's Register (FSA Reference Number 207294). SwapsWire Limited is subject to Value Added Tax (VAT Registration No 761 4444 34). SwapsWire Limited is registered in England at Companies House, no: 4027741. Registered Office: One Silk Street, London, EC2Y 8HQ Contact information If you have any questions in relation to this policy please contact us at: Fountain House 130 Fenchurch Street London EC3M 5DJ Attn: Rachel Cunningham-Day, General Counsel Email: Rachel.cunningham-day@xxxxxxxxxxxxx If you currently receive marketing information from us which you would prefer not to receive in the future please email us at info@xxxxxxxxxxxxxx All email messages sent to and from info@xxxxxxxxxxxxx may be monitored to ensure compliance with internal policies and to protect our business.
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eCM-3[1].3-schemas(1).zip
Description: eCM-3[1].3-schemas(1).zip
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Commodity UnderlyerDiscussion Paper.doc
Description: Commodity UnderlyerDiscussion Paper.doc
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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