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* Present BBH: CMcD ISDA: IY JPM: AP ( Chair ) MarkItSERV: TA, MK Metro Solutions: JB Omgeo: TB * Minutes MEAII has become CSI, so we should remove draft MEAII
support, and introduce CSI All coding scheme values for MCA and MCA-Annex Values have
been added We do not have a definitive answer from ISDA legal on the
need for time offsets for Expiration Time / Latest Exercise Time. Please see
the proposal document "timeMethod20100129.doc" supplied by TA IY will build the next FpML-4-7 release in the next few
days. The group should raise any issues or concerns to IY FpML-4-8 content will be determined by Industry and
Regulatory demand Some of the comments in the ISDA BoW appear out of date,
however the release status is correct in each case We are not clear how long ISDA will continue to draft new
EQD Definitions using the legacy drafting approach, which is difficult to
support, from both a legal and technical perspective We have the required features to support US ( Client )
Option in FpML-4-7, and so will amend the FpML roadmap
http://www.fpml.org/roadmap/roadmap.pdf All interested parties should provide feedback on the CFD
proposal * Decisions 1. Remove draft MEAII support, add CSI proposal from TA
without optionality in choice group, since the choice group itself is optional 2. FpML-4-8 content will be determined by Industry and
Regulatory demand 3. Possible meeting 14:00 LDN Fri 05 2010 if there are any
concerns on the FpML-4-7 release 3. Next meeting 14:00 LDN Fri 12 Feb 2010. * Actions All provided feedback on CFD proposal TA examine ( Client ) Index Swap re: Compounding Method
proposal IY remove MEAII, add CSI for next FpML-4-7 release IY add Expiration Time / Latest Exercise Time offset support
for next FpML-4-7 release IY add compounding method proposal from TA for next FpML-4-7
release IY move US Client Option in FpML Roadmap from FpML-4-8 to
FpML-4-7 AP review implementation of Expiration Time / Latest
Excercise Time by LDN EOD Mon 01 Feb 2010 AP ask CA if ISDA have an end date for the EQD legacy
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