Loan FpML WG Meeting: 9 March 2010, 1000-1100EST (London Time: 3-4pm)

Dial-in Details

US: + 1 (888) 481 - 3032

Intl: + 1 (617) 801- 9600

UK: 0800 904-7961

Participant Code: 28413758

Agenda

1. Walk-through of all working group feedback items (as listed below). These proposals are included in the schema from GS attached.

2. Next Steps.

Updates to existing full schema and requirements document to follow.

Schema Feedback/Proposals (as illustrated in the attached schema)

1. PricingChangeNotice – For the OnGoingFeeRateChange structure review the choice structure between a simple price and a tiered price. This will allow support for scenarios such as utilization fees.

2. InterestPaymentNotice – Last time we discussed adding choice between an amount or PIK amount. We should also consider whether some of the accrual structures should be choices as well.

3. Trading structure proposed updates:

a. DealTrade: Proposal for field additions:
- ActualSettlementDate – Actual date that the settlement takes place. Only populated once settlement happens.
- WhenIssuedFlag – Need to identify when issued trades. i.e. traded before the credit agreement has been signed.
- BreakCostsFlag – Need to identify if break costs should apply.
- DelayedCompensationFlag – Need to identify if delayed compensation will apply (since by default it does)

b. Should we remove the otherTradeTerms field…?

c. DealTrade: Proposal for field changes:
- ParDistressedFlag – rename to documentationType and created DocumentationTypeEnum with values “Par” and “Distressed”. This should provide a more flexible way to model this concept.
- On buyerCounterparty and sellerCounterparty loanPartyContactType had attribute pricingChangeReasonScheme which looks like a mistake. Rename to loanContactPartyTypeScheme…?
- Can we abbreviate the AccrualSettlementEnum used by accrualSettlementType as follows:
Settled without Accrued Interest – SWOA
Settled with Accrued Interest – SWA
Trades Flat – Flat

d. Should we add Transfer Fee information?

Regards,

Bhavik Katira

CEO

TenDelta™

Fresh insight. Pure logic.

www.tendelta.com

+1.917.582.4574 new york

+44.(0).7780.808732 london

TenDelta™ provides business process consulting, technology design & education services; specializing in the Syndicated Loan Market. Entrusted with engineering innovative & logical solutions; we endeavor to deliver timely, robust, cutting-edge results.

From: loanwg@xxxxxxxx [mailto:loanwg@xxxxxxxx] On Behalf Of Bhavik Katira
Sent: Tuesday, February 23, 2010 2:54 AM
To: loanwg@xxxxxxxx
Subject: Loan FpML WG Meeting: 23 February 2010, 1000-1100EST (London Time: 3-4pm)

Dial-in Details

US: + 1 (888) 481 - 3032

Intl: + 1 (617) 801- 9600

UK: 0800 904-7961

Participant Code: 28413758

Agenda

3. Walk-through of all changes as noted in the requirements document (v1.41 attached).

a. Updated schema also attached.

4. Next Steps

a. Further updates/action items as a result of today’s walk-through.

b. Comparison of current development schema against 4.7 REC.

c. Creation of a 5.x version of the latest development schema.

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