I have recently received three expressions of interest in joining the IRD
Working Group - please see bios listed below. I am confident that all three
candidates are well qualified to contribute to the work of the Group.
Philip Leach has recently tabled a proposal to extend the inflation swap
definition to support the concept of a Fallback Bond (please see attached).
I would like to table a meeting of the working group to consider this
proposal. We can also take the opportunity to ratify the membership of the
new applicants - I expect this will be just a formality.
I am on vacation from now until Wednesday 29 August , so propose that we
hold a call in the following week beginning 3 September - I suggest
Thursday 6. Please indicate your availability or propose an alternative
date & time.
Best regards,
Harry McAllister
Chair, IRD-WG
+44 20 7595 3416
(See attached file: fallbackBond.doc)
Philip Leach of DTCC would like to join Interest Rate Derivatives
Working Group. Please consider his candidacy (see his short biography
below).
"Phil is currently working for DTCC as an FpML Analyst on their
DerivSERV platform. He comes from a technical background most recently
in design and implemetation roles for Morgan Stanley, BP and Prudential
Bache. He has been involved with FpML and FpML based systems for
approximately 5 years and other messaging systems and protocols for 10."
Jason Brasile from State Street would like to join Interest Rate
Derivatives Working Group. Please consider his candidacy (see Jason's
business background information below).
"I am looking expand my involvement in the FpML working groups beyond my
current participation in several industry lead initiatives included
below:
1. Co-chair of the Settlements WG within ISITC-US which coordinates
discussions on all settlement (IM-Custodian) products across the
OTC/Swaps WG and the Securities Lending WG at ISITC. Recent product
types include Bank Loan, CFD (Contract for differences), Lending and
Collateral instructions as well as the IRS/CDS Swap market practice
discussions.
2. Current participant in the Swift/FpML CUG Working Group
3. Participant in the Swift lead Harmonization group for FpL, FpML and
Swift Pre and Post trade, Settlement Working Group
4. Participant in the Swift Sub group for the future automation of Bank
Loan instruction.
Internally at State Street I am involved in the Product group
responsible for the prioritization and bringing to market of all
messaging including Swift and FpML automation for Lending, Collateral
and OTC deriviatives. This from a back office (custody) and middle
office (outsourcing) perspective.
Hope this helps and looking forward to getting more involved with the
groups."
Jorge Faleiro from Lehman would like to join Interest Rate Derivatives
Working Group as an observer. Please consider his candidacy (see Jorge's
e-mail below).
"My intent is to learn about the overall work process and to get a bit
closer understanding on their deliverables -- in the future - as I get
more familiar - I might make myself available for specific tasks.
I am coming from a diverse background in finance and technology: high
throughput trading in equities and FI, FI derivatives, prime brokerage -
specially in risk."
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Attachment:
fallbackBond.doc
Description: MS-Word document