RE: Business Validation Actions

Attached are the rules for InterestPaymentNotice.

Thanks,

Marc

From: loanwg@xxxxxxxx [mailto:loanwg@xxxxxxxx] On Behalf Of Murray, Robert W
Sent: Sunday, February 03, 2008 3:15 PM
To: loanwg@xxxxxxxx
Subject: RE: Business Validation Actions

Bhavik, Marc,

Attached are the validations for Drawdown / RateSet. I've simply added to the template originally provided.

Please note:

Some checks are only needed when optional items are included in the message. Optional items are enclosed in square brackets ( [ ] ) in the 'Description' column.
Many validations are dependent on those previously defined for LoanContract. Rather than restate those explicitly, I've simply included a reference for now. These can be changed to explicit references later if desired.
No 'Rule Id' is assigned at this time. It's probably best to wait until all the rules are in and then assign ids on the whole group.

Thanks

From: loanwg@xxxxxxxx [mailto:loanwg@xxxxxxxx] On Behalf Of Bhavik Katira
Sent: Wednesday, January 30, 2008 1:29 PM
To: loanwg@xxxxxxxx
Subject: Business Validation Actions

A subsection of the loan working met today to discuss the structure of the business validation spreadsheet.

Bhavik Katira, Independent Consultant

Marc Gratacos, ISDA

Alex Poretsky, JPM

Henri Pegeron, DTCC

Shridhar Segu, DTCC

Robert Murray, Bank of America

Solomon Roytshteyn, Deloitte

The following actions were agreed.

1. We need to come up with two main deliverables:

a. Set of business validation rules (as structured in the excel format, sent out by Marc)

b. Set of positive and negative XML excerpts for each validation rule created in (a)

2. We will be splitting the task of creating the rules. The template to be used will be the one created by Marc. The tasks are split by the following:

a. Interest Payment – Marc Gratacos, ISDA

b. On-Going Fee – Shridhar Segu, DTCC

c. Repayment – Bhavik Katira, Consultant

d. Drawdown/Rate Set – Robert Murray, Bank of America

3. Task (2) is deliverable by midday on Monday, 4^th Feb 2008. Everyone can send out their validations and either Marc or myself will consolidate them for approval by the working group.

4. XML examples will be tackled once the initial validation rules are defined.

I am attaching the initial template created by Marc as a starting point for everyone.

<<...>>

Thanks,