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RE: FpML-IM-Custodian Technical Teleconference 2009-09-23 minutes

the attached e-mail contains info, including link to a recording of a recent industry call, around regulatory commitments for the different asset classes.

Karel

-----Original Message-----
From: im-custodian@xxxxxxxx [mailto:im-custodian@xxxxxxxx] On Behalf Of Iida, Lucio BGI SF
Sent: Thursday, September 24, 2009 2:29 PM
To: im-custodian@xxxxxxxx
Subject: FpML-IM-Custodian Technical Teleconference 2009-09-23 minutes

The WG held a conference call on Wed Sep 23 noon Eastern.

Attendees:
Irina Yermakova - ISDA
Marc Gratacos - ISDA
Karel Engelen - ISDA
Christina McDonald - BBH
Steve White - SSC
Lucio Iida - BGI

Regrets:
Marie-Paule Dumont - SWIFT
Nicole Jolliffe - SWIFT


Agenda and minutes:

1) FpML 4.6 Recommendation
*       Released on 2009-09-10.
*       It includes 4 new Contract message types of particular interest
to this group.  They have been discussed in prior meetings.  Proper use
will be documented and encouraged in this WG, at ISITC, and in the
Swifnet Derivatives service.
*       Early feedback on the SwiftNet Derivatives Service from
Marie-Paule Dumont.
*       The Derivatives 3.0 Service will support all Contract messages
in 4.6, in addition to 4.2 and 4.4 messages already supported.
*       Derivatives 3.0 will be available for testing in mid-Jan, and
live in mid-Apr 2010.

2)  Emerging Markets Standard CDS
*       The new transaction types as of Sep 21 are detailed in email
thread http://www.fpml.org/_wgmail/_im-custodianmail/msg00178.html and
are summarized below:
*       New MCAs
*       ISDA2004StandardCreditSovereignEmergingEuropeanAndMiddleEastern
*       ISDA2004StandardCreditSovereignLatinAmerican
*       ISDA2003StandardCreditAustraliaNewZealand
*       New Matrix Terms
*       StandardEmergingEuropeanCorporateLPN
*       StandardEmergingEuropeanCorporate
*       StandardLatinAmericaCorporateBond
*       StandardLatinAmericaCorporateBondOrLoan
*       StandardLatinAmericaSovereign
*       StandardEmergingEuropeanAndMiddleEasternSovereign
*       StandardAustraliaCorporate
*       StandardAustraliaSovereign
*       StandardNewZealandCorporate
*       StandardNewZealandSovereign
*       New transaction types are anticipated in Dec covering Japan,
Asia ex-Japan, Aust, NZ.
*       Characteristics are similar to SNAC, with fixed spreads of 100
and 500, full first period, quarterly payments, 4 standard maturity
dates, standard recovery protocol.

3) Collaboration of this WG with other organizations.
*       The group discussed ways to raise awareness of significant work
in other WGs.  Information exchange is fluid with ISITC and SwiftNet
Derivatives groups.  Members of our group can individually subscribe to
WGs and bring topics worth sharing in our group.
*       We are aware of ongoing work and commitments being made in other
organizations, but are not fully informed.  Karel suggested we schedule
a business oriented call of our WG, to get an update and help set
priorities for the next 3-6 months.

4) AOB
*       None.

5) Next meeting Wed Oct 21 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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--- Begin Message ---
Title: ISDA Memorandum

ISDA®
International Swaps and Derivatives Association, Inc.


MEMORANDUM

TO:       Derivatives Users Committee, ISDA Protocol Contacts

Cc:        ISDA Industry Governance Committee, Operations Management Group, ISDA Operations Credit Derivatives Working Group, ISDA Operations Equity Working Group, ISDA Operations Interest Rate Products Working Group, ISDA Commodities Operations Working Group, ISDA Collateral Committee

FROM:   ISDA

DATE:   September 23, 2009

RE:       ISDA Industry Operational Commitments Update

ISDA continues to support a vast number of various industry initiatives. In line with the June regulatory letter, ISDA recently hosted a call to provide an update on the upcoming cross-asset class commitments for all market participants.  A recording of this call is now available on the Operations page of the ISDA website.

 

Additionally, the summary documentation that was discussed during the call is attached.

 

Should you have any questions, please feel free to contact ISDA.

 

Attachments:

 

1.) Fed Letter - June 2009

http://www.isda.org/uploadfiles/_docs/060209letter.pdf

 

2.) ISDA Collateral Roadmap

http://www.isda.org/uploadfiles/_docs/CollateralMgmtRoadmap.ppt

 

3.) ISDA Commodities Roadmap

http://www.isda.org/uploadfiles/_docs/CommoditiesRoadmapv3.ppt

 

4.) ISDA Commodities Operations Current Focus 18.09.09

http://www.isda.org/uploadfiles/_docs/Commodities_Operations_Current_Focus_as_of_18_Sept_09_v1 0.ppt

 

5.)  ISDA Industry Commitments Credit Derivatives
http://www.isda.org/uploadfiles/_docs/ISDA_Industry_Commitments_Credit_Derivatives.ppt

 

6.)  ISDA Electronic Credit Commitment
http://www.isda.org/uploadfiles/_docs/ISDAElectronicCreditCommitment.pdf

 

7.)  DTCC DerivServ Membership Instruction Sheet
http://www.isda.org/uploadfiles/_docs/DerivSERV_Membership_Instruction_Sheet_July 09.pdf

 

8.)  DTCC Enrollment Instructions
http://www.isda.org/uploadfiles/_docs/DTCC_Enrollment_Instructions.doc

 

9.)  DTCC Webinar Information

http://www.dtcc.com/downloads/products/derivserv/Webinar-Tues_Thurs_Credit_Deriv_930AM_2009.pdf

 
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