FpML-IM-Custodian Technical Teleconference 2009-06-17 minutes

The WG held a conference call on Wed June 17 noon Eastern.

Attendees:

Marc Gratacos - ISDA

Stephen White - State Street

Lucio Iida - BGI

Robert Stowsky - Progress

Agenda and minutes:

Follow-up to the Jun-4 FpML MTF presentation on Messaging Proposals and Migration of Contract Messages. Both documents were distributed to this group. The audio recording is available at http://www.fpml.org/documents/483239B798842VR773051DM26.wav.

The group reviewed the Jun 4 conference call. All present members attended the call. We mentioned follow-up conference calls to more targeted audiences, in particular the SwiftNet Derivatives Users Group.
Marc elaborated on the 5.0 views. The reporting view takes the confirmation view as a base and trims down as required. Task forces may be created to refine these at the product level.

Update on the FpML Coordination Committee's review of the Payment Breakdown proposal from the IM-Custodian WG.

The group discussed the objections to the proposed Payment Breakdown proposal. It recommended that it be made more strict and targeted to the IM-Custodian needs. It also requested more information on the usage. Stephen mentioned the break of STP when interest and value were not available in the accounting process.
Action items:

Lucio to send proposal documents to Stephen and Stephen to review and elaborate on how the information would be used.
Marc and Lucio to review the proposed schema changes and trim down.

AOB

None.

Next meeting Wed July 1st 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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