FpML-RPTWG CESR Response

[<msexton@xxxxxxxxxxxxxxxxxxxxxxx>]

Hi Brian, 

I have been discussing the issue of regulatory reporting of OTC derivative
instruments with a couple of the European regulators. 

It seems the regulators are interested in a classification scheme able to
cover all instruments identified as derivatives, not just OTC contracts.
This includes exchange traded options, futures and warrants, in addition to
Contract for Difference and spread bets. I think it would be useful to
explicitly state in our response that this working group will be willing to
work with CESR to define an appropriate classification scheme to cover all
derivative instruments, in the conclusion to our response.


On page 3, "2. Underlying Instrument Type". I think we should recommend that
the same classification scheme be used for the "Underlying Instrument Type"
as the "3. Derivative type". Therefore one can represent, for example, an
Option on a Spread Bet of an Equity. 
 
Can I assume that the response hasn't been submitted to CESR yet?

Kind regards,


Martin Sexton
London Market Systems Limited
68 Lombard Street
London EC3V 9LJ

+44 (0) 20 7397 3350
-----Original Message-----
From: owner-rptwg@xxxxxxxx [mailto:owner-rptwg@xxxxxxxx] On Behalf Of
msexton@xxxxxxxxxxxxxxxxxxxxxxx
Sent: 28 September 2009 14:17
To: rptwg@xxxxxxxx
Subject: RE: FpML-RPTWG Meeting invitation - Monday 11 am NY time

Hi Brian, Please accept my apology for not being able to attend the
teleconference today (28th September).

Kind regards,


Martin Sexton
London Market Systems Limited
68 Lombard Street
London EC3V 9LJ

+44 (0) 20 7397 3350

-----Original Message-----
From: owner-rptwg@xxxxxxxx [mailto:owner-rptwg@xxxxxxxx] On Behalf Of Brian
Lynn
Sent: 28 September 2009 12:42
To: rptwg@xxxxxxxx
Subject: FW: FpML-RPTWG Meeting invitation - Monday 11 am NY time

I've attached some materials for today's meeting:
- updated issues document
- update examples spreadsheet

-----Original Message-----
From: Brian Lynn [mailto:brian.lynn@xxxxxxxxxxxxxxxxxxx]
Sent: Thursday, September 24, 2009 10:34 AM
To: 'rptwg@xxxxxxxx'
Subject: FpML-RPTWG Meeting invitation - Monday 11 am NY time

We?ll meet again on Monday, at the usual time.


Time: 11:00-12:00 NY time

Dial-in / Passcode:
US: 888 481 3032
Intl: 617 801 9600
UK: 0800 904 7961

Participant passcode:   #52016709

Agenda:

1) Review actions

a) Chris to research multi-regulator issues - discuss results
b) Chris to find an example of a non-deliverable product (e. NDF or
non-deliverable swap) - done, probably nothing to discuss

Brian to develop some examples based on input from Chris, Henrik, Bruno, and
Bruce
>>  Will distribute an update prior to the meeting, including NDF, 
>> values in
several currencies


Brian to update treatment of a couple of issues in the "issues" paper
>> Will distribute an update prior to the meeting



2) Briefly review the example data in the spreadsheet.
>> Look at updates, e.g. FX conversions


3) Review issues (issues document, to be updated).
Continue discussion on "generic product".

4) Other processes/report types
- reset reporting
- others?


5) AOB
  
         





----------------------------------------------------------------------------
---
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line In the
body include the line: unsubscribe rptwg youremail@address To view archives:
http://www.fpml.org/_wgmail/_rptwgmail/threads.html


----------------------------------------------------------------------------
---
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line
In the body include the line: unsubscribe rptwg youremail@address
To view archives: http://www.fpml.org/_wgmail/_rptwgmail/threads.html


-------------------------------------------------------------------------------
To unsubscribe: Email majordomo@xxxxxxxx with a blank subject line
In the body include the line: unsubscribe rptwg youremail@address
To view archives: http://www.fpml.org/_wgmail/_rptwgmail/threads.html