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RE: FpML-IM-Custodian CFD example



Hi Mike,
 
What would be the additional confirmation data fields needed for fully funded CFD's?
 
Thanks in advance,
Marc
 

From: im-custodian@xxxxxxxx [im-custodian@xxxxxxxx] On Behalf Of Dever, Michael J [mjdever@xxxxxxxxxxxxxxx]
Sent: Wednesday, February 10, 2010 9:47 PM
To: im-custodian@xxxxxxxx
Cc: Sheridan, Michael
Subject: RE: FpML-IM-Custodian CFD example

This is good for least Margin CFD’s

 

Questions

1.       CFD’s trade on Margin and Fully Funded. How does FpML plan to categorize the two different trading styles of CFD?     

a.       Fully Funded acts more like an equity then a true ‘Margin’ Trading Security

2.       In the valuation section do they have place holders for the total notional amount (local) and total notional amount settle? 

 
 
 

Michael Dever
Vice President
North American Derivative COE
(617) 985-2041

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From: im-custodian@xxxxxxxx [mailto:im-custodian@xxxxxxxx] On Behalf Of Marc Gratacos
Sent: Thursday, January 28, 2010 1:08 PM
To: eqdwg@xxxxxxxx
Cc: im-custodian@xxxxxxxx
Subject: FpML-IM-Custodian CFD example

ISITC (http://www.isitc.org/) had some questions about the support of CFDs in FpML. Goldmans Sachs has been successfully using the equity swap model to represent them internally. Shabbir Irfani kindly sent us an example. I updated it based on the current version of the schema. See attached. Let me know if there is any objection to publish this in the next release as part of the equity swap examples.
 
Thanks and Regards,
Marc


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The information contained in either this email and, if applicable, the attachment, are confidential and are intended only for the recipient. The contents of either the email or the attachment may not be disclosed or used by anyone other than the addressee. If you are not the intended recipient(s), any use, disclosure, copying, or distribution is prohibited and may be unlawful. If you have received this communication in error, please notify us by e-mail at isda@xxxxxxxx <mailto:isda@xxxxxxxx> then delete the e-mail and all attachments and any copies thereof. This communication is part of an ISDA process and is not intended for unauthorized use or distribution.