Participants
Lucio Iida (BGI)
Randy Magdaluyo (State Street)
Francoise Bassin (SWIFT)
Joshua Derrick (SWIFT)
Jason Brasile (State
Street)
John Booth (Northern Trust)
Scott Hyas (Northern Trust)
Marc Gratacos (ISDA)
Apologies
Robert Stowsky (BrookPath Partners)
Neil Wright (State
Street)
Christian Unger (BBH)
- Chairing the group
- Lucio Iida (BGI) and Neil
Wright (State Street)
have volunteered to co-chair the group.
- Comments on Cancellation of
Contract Notifications
- The assumption behind the
cancellation messages is that they will cancel the entire conversation
within the event. So if multiple messages are sent within the event, the
cancellation message will cancel all of them. Everyone agreed to that.
- The optional information about
the event may be useful for manual process. If the process was fully
automated, the information may not be necessary but since exceptions may
be handled manually, it would be useful to have that information in the
message.
- The business process definition
should make sure that it is not possible to cancel an event to a contract
once a subsequent event has been applied to that contract (e.g. increase,
novation, cancel the increase). Otherwise, the processing of the cancellation
would be impossible.
- The current proposal will be
sent to the Business Process and Coordination Committee for final
approval in order to be included in FpML 4.4.
Please, let me know if I missed anything.
Kind Regards,
-Marc
+13472846531
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