FpML-IM-Custodian Technical Teleconference 2009-06-03 minutes

The WG held a conference call on Wed June 3rd noon Eastern.

Attendees:

Marc Gratacos - ISDA

Stephen White - State Street

Lucio Iida - BGI

Marie-Paule Dumont - SWIFT

Agenda and minutes:

Update from SwiftNet Derivatives Users Group

The service will support the Standard European CDS to be launched June 20.
For all standard CDS the protectionTerms/creditEvents/restructuring element will be allowed, to align with actual practice.
Briefly recap of several proposals in place for 4.6 and 5.0, including bilateral contract amendments, non-trade contract changes, and payment details.
If the FpML 4.6 Recommendation is available in Aug, the service will support testing in April 2010 at the latest. It would be live in early July 2010.

Update from the FpML Modeling Task Force

Continued FpML 5.0 and some parallel 4.6 work

Messaging Proposals conference call Thu Jun-4 10-11am Eastern. 888-481-3032 code 751365. Two topics planned:

Messaging Proposals - Marc Gratacos distributed the presentation document to the various FpML working groups.
Migration from contract to trade messages (Andrew Jacobs). The presentation will be distributed before the call.

AOB

None

Next meeting Wed June 17 noon Eastern

Please let me know of any errors or omissions.

Thanks,

Lucio Iida
Principal
Software Engineering Technologist

TEL 415 597 2288
CELL 415 717 9261
FAX 415 618 1667
lucio.iida@xxxxxxxxxxxxxxxxxx

Barclays Global Investors 400 Howard Street San Francisco, CA 94105

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