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Attendees ======== Miriam Steinberg, Chatham Chuck Kahl, HSBC Martin Sexton, London Market Systems Irina Yermakova, ISDA Sreedhar Segu, DTCC Stephen White, State Street Matt Simpson, CME Brian Lynn GEM Mark Taretko, KPMG Ludvig Henriksson, TriOptima 1) Review status of actions a) Marcelle von Wendland from Fincore to provide list of
ECB party roles, and of guarantee types. >> Martin will follow up with her b) Brian to update model based on last meeting's
decisions and Miriam's suggestions. >> distributed with invitations c) Martin S. had a list of ratings agencies, etc. >> Brian to work with Irina to incorporate when we
get a chance. 2) Review entity model, discuss refinements >> should partyName have a coding scheme
attribute? We should raise this to coordination committee. >> Miriam will try to find some more realistic
sample information for parties to improve the examples >> how should we model branches? are they simply
units of the party (legal entities?) We discussed the type/role of the parties . . . >> Matt S: how do we represent the type of institution?
(broker/dealer, investment advisors #, etc.) >> can we add a party type field? (e.g. is it
a broker/dealer, investment manager, etc.) >> Miriam – party ID could be broker/dealer #
or IA # - the coding scheme would identify the type of org >> Regulators need to work out how much of the
investments are for themselves vs. for investors >> IA can trade for its own account or for another
firm – there should be a way to identify this >> Matt: FIX uses the PartyRole code to
specify this core types - IA - Asset Manager (is there a difference?) - broker dealer - what roles can they behave in? We concluded that we probably should create an optional
party type and/or role element to describe the type of party and the role(s)
that it can play. We began discussing related parties and the type of
credit support provided, but didn’t have enough time to complete the
discussion. 2) Update on WD#4 publication schedule. >> This should be published in the next 2-3 weeks –
currently in internal review. There will be a presentation later in
February to go over it. 3) AOB >> Next meeting will be next Monday. We will
continue discussing related parties and credit support types. We may drop
to a lower meeting frequency in a few weeks. |