Participants
-----------------
Mike Anderson (Merrill Lynch)
Greg Smolyanskiy (Goldman Sachs)
Sylvain Benoist (JPMorgan), chair
Rob Longridge (RBC Capital Markets)
Arijit Dasgupta (JPMorgan)
Jeff Stephens (Helix Financial Systems)
Vinod Jain (Wipro)
Irina Yermakova
(ISDA)
Marc Gratacos (ISDA)
Discussion
-----------------
- Introductions from
participants. Some participants have previous experience modeling repos in
XML. Greg was involved in defining the schemas for an electronic platform
covering Repos. Rob mentioned that Tullet has defined an XML format for
Repos and we should probably get their input.
- Relationship with other
standards covering Repos. Marc said that the demand for this working group
came from the users that wanted to cover Repos in their reconciliation and
post-trade processes. He said that we should try to be consistent with
other standards as much as possible.
- One of the existing standards
is ISO 20022 (old 15022). We didn’t have expertise on the group on
ISO standards. Irina pointed out that one of the members of this group,
Joshua Derrick (ISITC), may have experience with ISO messages.
- Another step should be to
liaise with organizations such as BMA to check if they are interested in
participating in the group.
- Sylvain clarified that the
development of the schema includes business rules, schema representation,
and reference data (coding schemes).
- Participants agreed on the
current charter.
- Participants agreed on having biweekly
calls Tuesdays at 9 AM New York Time.
Actions
-----------
·
Rob will contact Tullet to see if
they are interested in participating.
·
Sylvain will distribute the JPMorgan
proposal.
·
Marc will distribute the Citco
proposal.
·
Marc will check if someone from BMA
is interested in participating.
Feel free to send your comments if I missed any points of
discussion.
Kind Regards,
-Marc
+13472846531
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