FpML-EQD FpML EQD WG Minutes 1400 LDN 09 May 2008

[andrew.p.parry@xxxxxxxxxxxx]

* Present

Mark Addison, JP Morgan
Takeo Asakura, Swaps Wire
Jim Brous, Metro Solutions
Marc Gratacos, ISDA
Lyteck Lynhiavu, ISDA
Robert Masri, DTCC
Andrew Parry, JP Morgan ( Chair )
Henri Pegeron, DTCC
Matthew Rawlings, JP Morgan
Sritar Singh, DTCC
Irina Yermakova, ISDA


* Minutes

Issue resolutions are recorded in the
decision list below. MG entered our decisions in the online FpML issue
tracking system during the meeting

Performance of XQuery to run business
rules depends on implementation. Analysis and development can be done using
a desktop tool such as the Altova Suite, tools such as SAXON can compile
to Java code. Performance is further improved if the document is already
in memory

Compounding method None should be removed
from CompoundingMethodEnum, and the element which uses it made optional,
since FpML works on positive logic, where the presence of an item indicates
it is relevant NOTE CompoundingMethodEnum is shared, we cannot make unilateral
changes

Implementers should use the latest tagged
version of FpML-4-4 which is FpML-4-4-5-LCWD-1 in Subversion Source Control

* Decisions

1. Issue 686. Adopt proposed solution
2. Issue 683. Adopt proposed solution
3. Issue 684. Adopt proposed solution
4. Issue 468. Already resolved
5. Issue 685. Adopt proposed solution
6. Issue 682. AP to propose resolution
7. Issue 680. Remove rule eqd-16
8. Issue 679. Adopt proposed solution,
which replaces rule eqd-17
9. Issue 677. Adopt proposed solution.
Rule context should be type based
10. Issue 675. Adopt proposed solution,
AP to review Strategy
11. Issue 674. Adopt proposed solution
 
12. Issue 673. Adopt proposed solution
13. Issue 672. Adopt proposed solution
14. Issue 671. Adopt proposed solution
15. Issue 659. Already resolved


* Actions

MG make XQuery implementation of FpML
business rules available for download on FpML web site
AP propose solution to issue 682
AP review rule context for complex types
Trade vs Contract vs Strategy ( related to issue 675 )
AP review using of type Compounding
within EquityDerivatives
IY commit resolution for issue 674 


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

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