|
Apologies for sending this late. I thought I had already
sent them. Participants Robert Stowsky (BrookPath Partners) Andrew Jacobs (BGI) Lucio Iida (BGI) Malene McMahon (SWIFT) Francoise Massin (SWIFT) David Campbell (CheckFree) Norman Papazian (State Street) Ivan Djurkin (BGI) Steve Goswell (BGI) Bob Green (DTCC) Mike Burg (Mellon) Vinod Jain (Wipro) Marc Gratacos (ISDA) Regrets Marie-Paule Dumont (SWIFT) Discussion
Vinod sent a question to the group mailing
list regarding the use of party Marc Can we discuss the
below , The current schema
do not allow for Broker DTC ID if the trade is settled through DTCC.
Whether the above point is a valid requirement for other cistodians During the meeting it was clarified
that since FpML version 4.2, the schema allows specifying multiple party ids
for the same party. So besides the BIC code, one of the party id elements may
contain the DTCC party id. Bob Green said that DTCC has a standard scheme value
to identify a DTCC identifier so that value can be used to qualify the party
identifier being DTCC’s.
Robert described the requirements
from the client he is representing. The main point is that his client wants to
be able to send a notification at the block level with the different
allocations. This is the format of notification they use. He distributed some
examples to the group. There seems to be a difference
between the Mike Burg said that he’d like
to discuss this format of notification within the ISITC community. There was some discussion on the
current contract notification messages: ·
The contract notification messages
are assumed to send contracts at the allocation level. That’s why there
is no allocation node within contract. ·
Currently, there are no messages to
send notifications at the block level. ·
The distinction between trade and
contract is not clear. Some participants were confused by the use of contract
vs. trade. Based on the discussion, the group
agreed to define some requirements around notifications of allocations before
discussing any changes to the existing messages. Action: Robert will send a list of
requirements regarding allocations. Please, let me know if I missed anything or anyone. Kind Regards, -Marc +13472846531 |