RE: FpML-EQD FpML EQD WG Agenda 1400 LDN Fri 02 May 2008

Andrew,

Unfortunately I won’t be able to make tomorrow’s call. I’ll be out on a course for the whole day.

Regards,

James

From: eqdwg@xxxxxxxx [mailto:eqdwg@xxxxxxxx] On Behalf Of andrew.p.parry@xxxxxxxxxxxx
Sent: 30 April 2008 16:32
To: eqdwg@xxxxxxxx
Cc: brian.lynn@xxxxxxxxxxxxxxxxxxx; KEngelen@xxxxxxxx; matthew.d.rawlings@xxxxxxxxxxxx
Subject: FpML-EQD FpML EQD WG Agenda 1400 LDN Fri 02 May 2008
Importance: High

* Telephone Conference

Access Number: +44 20 8328 1756
Participant Code: *3039*

* Agenda

1. Review actions from our last meeting 1400 LDN 18 Apr 2008

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 separation 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

2. Progress against Fed Letter

We will consider Product, Process and Adoption ( link below )

http://www.ny.frb.org/newsevents/news/markets/2006/an061121c.pdf

3. Legal Drafting Update

3.1 Japanese Dividend Swap

Please see attached "Japan Index Div Swap3.doc" provided by Katherine Darras of ISDA

ISDA have made a late change to the Japanese Dividend Swap proposal. A new field on the transaction supplement "Material Non-cash Dividend" has been added, which is an applicable/not applicable field. We could support this on the dividendLeg, as an optional child element materialNonCashDividend IS-A xsd:boolean

3.2 Other Product Drafting

4. Issues

4.1 Issue 659 point 3 ( link below )

http://www.fpml.org/issues/view.php?id=659

From the minutes of our last meeting

"Cash Equivalent settlement is already provided for in Dividend Swap ( issue #659 point 3 ) and so element settlementType will be made optional"

We will confirm the implementation approach

4.2 Issue 671 ( link below )

Incorrect naming

http://www.fpml.org/issues/view.php?id=671

5. MTF Proposal

Need to review ReturnSwap model to remove redundant element names, and review complex types, as we have done for other Equity Derivative models

I will provide a proposal in advance of our meeting

6. AOB

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

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