RE: FpML-REPO minutes meeting 08/08

A few of us from Helix FS also were wondering the same thing.

Thanks,

Danny Moeller

From: repowg@xxxxxxxx [mailto:repowg@xxxxxxxx] On Behalf Of Longridge, Rob
Sent: Tuesday, August 22, 2006 9:15 AM
To: repowg@xxxxxxxx; MGratacos@xxxxxxxx
Subject: RE: FpML-REPO minutes meeting 08/08

Hi Marc,

I dialed into the conference call number form the previous two calls. Has today's bi-weekly meeting been cancelled/moved?

Thanks,

Rob Longridge

From: repowg@xxxxxxxx [mailto:repowg@xxxxxxxx] On Behalf Of Marc Gratacos
Sent: Thursday, August 17, 2006 4:07 AM
To: repowg@xxxxxxxx
Subject: FpML-REPO minutes meeting 08/08

Participants

------------------

Rob Longridge (RBC)

Mike Anderson (Merrill Lynch)

Paul Appleford (Credit Suisse)

Tony Smith (JPMorgan)

John Singler (Helix FS)

Danny Moeller (Helix FS)

Erica Choinski (IBT)

Arijit Dasgupta (JPMorgan)

Pauline Parker (Sungard)

Joshua Derrick (Olmstead)

Sylvain Benoist (JPMorgan), chair

Irina Yermakova (ISDA)

Marc Gratacos (ISDA)

Review of Actions

-------------------------

Rob sent the information to Tullet. He hasn’t received any response though.
Sylvain distributed the JPMorgan proposal.
Marc distributed the Citco proposal.

Discussion

----------------

Sylvain went through the JPM proposal.
There was a discussion around the usage of settlement instruction. This should be clarified.
There was a question about how to use this model using allocations. Some examples of allocations should be provided to the group.
There was the suggestion to clarify the buyer/seller model terminology and consistency.
There was another comment regarding the documentation element in FpML and that it would probably make sense to reference the BMA Global Repo Master Agreement.
There was the comment of making the reference to the underlying asset more strict and only allow bond and equity to be present.
There was the suggestion to discuss the Collateral piece.

Actions

-----------

Sylvain will solve issues and clarify usage.
Marc will invite Brian Lynn for the next call to talk about the Citco proposal.

Let me know if you have any comments. I probably missed some points of discussion.

Kind Regards,

-Marc

+13472846531

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