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* Present BBH: CMcD DTCC: RM ISDA: IY JPM: AP ( Chair ) MarkItSERV: TA, MK Metro Solutions: JB Omgeo: TB * Minutes No feedback from the group on CFD proposal Reference data ( coding-scheme ) and schema releases are
distinct, so we should consider reference data changes and FpML-4-x releases
seperately FpML-4-7 release note was distributed to the ISDA press
list. IY confirms that it has been reported in a least one specialist
publication "FX time" We wish to continue the practice of one release per quarter
to meeting regulatory requirements, participant and service provider demands.
We may again be in a situation where service providers have to use working
drafts due to late running legal drafting and regulatory change DS Match uses proprietary code, and so is no affected by
FpML release cycle in the same way as other service providers We have seen less legal drafting email traffic on ISDA legal
email distribution lists Latest letter to the NY Fed is in progress EU ( Client ) Index Swap requires one additional value to be
added to an Enumerated type. We wish to include this as an errata item in
FpML-4-7, subject to approval, rather than having to wait for FpML-4-8 to
include support for this product We continue to make the best possible use of the current
"magic string" approach to coding scheme values, for example "ISDA2008DividendSwapJapanRev1"
master-confirmation-type combines ( Publisher, Original Publication Date,
Product, Geographic Zone, Revision Number ) * Decisions 1. FpML-4-8 will focus mainly on PAISS and EU Index Swap 2. FpML-4-8 WD-1 end of March 2010, LCWD end April 2010 3. Request inclusion of one additional value to be added to
an Enumerated type in support of EU ( Client ) Index Swap 4. Next meeting 14:00 LDN Fri 05 Mar 2010 * Actions All comment on visibility of FpML-4-7 release note in
mainstream and specialist press TA examine ( Client ) Index Swap re: Compounding Method
proposal TA, JC confirm MarkItSERV perspective on coding scheme
convention IY approval from Std Ctte to add one additional value to be
added to an Enumerated type in support of EU ( Client ) Index Swap IY resend coding scheme changes to the group 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. |