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Brian- Thanks
for your overview of the Citco FpML Repo Proposal. Some
questions we have regarding this proposal: [1] How
are on-leg/off-leg information described? [2] How
are margins/haircuts handled? [3] How
are ‘mid-life’ events handled – such as repricings, rate
changes, substitutions? [4] Where
is Trade Type described: repo vs. reverse? [5] How
is the Repo Rate described? [6] Also,
why is it necessary to have a repo type [open/term]? Isn’t that obvious
as to whether it has an end date or not? Sample
messages might also help us understand the proposal better. Thanks, John
Singler Jeffery
Stephens Danny
Moeller Helix Financial
Systems L.P. Cantor
Fitzgerald |