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

Andrew,

Apologies for missing the call, I was traveling.

A couple of notes regarding issues:
- A schema namespace has been added to the master schema at the 5.0
branch.
- ISDA has started working on job posting and Danielle is currently
working on a prototype.

We'll work on the remaining actions.

Best regards,
Marc

-----Original Message-----
From: eqdwg@xxxxxxxx [mailto:eqdwg@xxxxxxxx] On Behalf Of
andrew.p.parry@xxxxxxxxxxxx
Sent: Friday, April 18, 2008 10:32 AM
To: eqdwg@xxxxxxxx
Cc: matthew.d.rawlings@xxxxxxxxxxxx; mark.a.addison@xxxxxxxxxxxx; Brian
Lynn
Subject: FpML-EQD FpML EQD WG Minutes 1400 LDN Fri 18 April 2008

* 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

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