FpML-EQD FpML EQD WG Minutes 1400 LDN Fri 18 April 2008

[andrew.p.parry@xxxxxxxxxxxx]

* Present

Mark Addison, JP Morgan
Takeo Asakura, Swaps Wire
James Clark, Swaps Wire
Piers Evans, Swaps Wire
Trilok Gurtha ( spelling ? ), DTCC
Shabbir Irfani, Goldman Sachs
Andrew Parry, JP Morgan ( Chair )
Lyteck Lynhiavu, ISDA
Robert Masri, DTCC
Henri Pegeron, DTCC
Matthew Rawlings, JP Morgan


* Apologies

Jim Brous, Metro Solutions


* Minutes

RM will consider a proposal for MCA updates ( annex revision )

AEJ EFS concept "relevant jurisdiction" of hedging party requires further 
investigation

We require the separation of schema and coding scheme publication to cover 
the many cases where a new legal agreement does not require schema changes

MTF work is important to ensure the quality of the FpML standard, but does 
not directly provide new business functionality

No non backwardly compatible changes should have been made to existing 
varianceLeg with ReturnSwap ( issue #659 point 1 and 2 ). Cash Equivalent 
settlement is already provided for in Dividend Swap ( issue #659 point 3 ) 
and so element settlementType will be made optional

"FpML Google" tool written by LL has been shown at the ISDA AGM. Improved 
support for specify and expressing the standard is being considered

Piers Evans will be less active in the group, as his work focus is 
changing. Our thanks for his many contributions 


* Decisions

1. Job opportunities may be posted to this list
2. Add "ISDA2008DividendSwapJapan" to master-confirmation-type scheme
3. Add "ISDA2008EquityAmericas" to master-confirmation-type scheme
4. Correct description of 2004 Interdealer docs to include 'The' at the 
start, to read
<SimpleValue>ISDA 2004 Americas Interdealer Master Equity Derivatives
Confirmation Agreement applies.</SimpleValue>
5. Make element settlementType optional within DividendSwap
6. Accept proposed resolution for issue #666
7. We will discuss legal drafting updates as a standing agenda item
8. Next meeting 1400 LDN Fri 02 May 2008


* Actions

AP distribute job opportunity contact detail
AP create proposals to advance MTF work

MG add coding scheme values
MG make element settlementType optional within DividendSwap for next 4-X 
release
MG adopt proposed resolution for issue #666

RM provide documentation for "relevant jurisdiction" concept

LL date for seperation of schema and coding schema releases
LL arrange for Karel Engelen to brief us on ISDA AGM
LL demonstrate "ISDA on Demand"

IY merge Money and Payment proposal to FpML-5-0
IY get ISDA view on FpML job posting on FpML web site
IY gather expertise on Credit Support Documents for use in document 
IY remove use of element <creditSupportDocument> in example to resolve 
issue 521
IY date from BL/MG for distinct "master" namespace for master schema 


Regards

Andrew Parry
+44 20 7325 1486
Exotics and Hybrids Architecture
JP Morgan

-----------------------------------------
This communication is for informational purposes only. It is not
intended as an offer or solicitation for the purchase or sale of
any financial instrument or as an official confirmation of any
transaction. All market prices, data and other information are not
warranted as to completeness or accuracy and are subject to change
without notice. Any comments or statements made herein do not
necessarily reflect those of JPMorgan Chase & Co., its subsidiaries
and affiliates.

This transmission may contain information that is privileged,
confidential, legally privileged, and/or exempt from disclosure
under applicable law. If you are not the intended recipient, you
are hereby notified that any disclosure, copying, distribution, or
use of the information contained herein (including any reliance
thereon) is STRICTLY PROHIBITED. Although this transmission and any
attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and
opened, it is the responsibility of the recipient to ensure that it
is virus free and no responsibility is accepted by JPMorgan Chase &
Co., its subsidiaries and affiliates, as applicable, for any loss
or damage arising in any way from its use. If you received this
transmission in error, please immediately contact the sender and
destroy the material in its entirety, whether in electronic or hard
copy format. Thank you.

Please refer to http://www.jpmorgan.com/pages/disclosures for
disclosures relating to UK legal entities.
-------------------------------------------------------------------------------
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line
In the body include the line: unsubscribe eqdwg youremail@address
To view archives: http://www.fpml.org/_wgmail/_eqdwgmail/threads.html