|
* Present DTCC: RM ISDA: CA, MG, IY JPM: AP ( Chair ) MarkIt: TA Omgeo: TB * Apologies DTCC: CY MarkIt: JC * Minutes Legal counsel have been on holiday. CA has a progress call
with them tomorrow Legal drafting commitments to the NY Fed reserve have
already been breached. Further delay will put the automation goals for the end
of year at grave risk. This group will continue to track drafts where they
exist, in order to minimise implementation delays for service providers and
market participants Deutsche Bank will be hosting an Equity Derivatives Market
Forum on Fri 18 Sep 2009 in London and New York. This will be focussed on Legal
and Operations staff from Dealers. ISDA and Service Providers will not be
attending Content of experimental FpML-5-x series is out of
synchronisation with production FpML-4-x series, for example Variance Option 6 responses have been received to the Equity Trade
Repository RFP. Evaluations is proceeding according to timeline 8th Sept Vendor long list presentations to EAG
& Sub set of ESC - ISDA to host 9th Sept Wash up session of long list - ISDA
to host 15th Sept Full ESC & sub set of EAG
discussion to narrow down short list - ISDA to host 21st Sept Vendor final short list presentations
to ESC & sub set of EAG - ISDA to host * Decisions Next meeting 14:00 LDN Fri 18 Sep 2009 * Actions AP create EQD FpML-4-7 branch from current trunk AP use EQD FpML-4-7 to implement solution to i) dividend settlement currency ii) forward starting strike iii) dividend payout on underlyer vs. derivative contract CA report on meeting with legal counsel, share update legal
drafting timelines IY show group published version of FpML with FpML-4-6 and
FpML-4-7 with EQD updated IY synchronise production FpML-4-X series with experimental
FpML-5-X 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 European legal entities. |