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Attendees ========= Martin Sexton, London Market Systems Chris Funck, Chatham Miriam Steinberg, Chatham Sreedhar Segu, DTCC Subashree Rajagopal, DTCC Dinesh Shastri, Bloomberg Lucio Iida, Blackrock Irina Yermakova, ISDA Marc Gratocos, ISDA Chuck Kahl, HSBC Ludwig Henrikson, TriOptima Brian Lynn, GEM Apologies ======== Matt Simpson, CME Actions ====== Marcelle is still working on her action, according to Martin
Sexton. Miriam S has started to gather information, still working on
the sample data. Will provide later this week. (Provided sample
data subsequent to the call.) Irina is still working on the coding schemes list, will get
it out for next week. Review of model ============== We discussed the changes that Brian prototyped based on last
week’s meeting input. A question that was raised was whether we should we capture
whether the firm is a major market participant. After some discussion, we decided that we weren’t
clear enough on the requirements for the additional information (category,
role) se we decided to shelve them until we have more input. We discussed related parties, in particular how the
relationships are expressed. Miriam stated that normally the guarantor is related to the counterparty
(the party B) by an agreement signed with them. A credit support annex is
usually directly between the two parties and the collateral is posted directly
by the trading firm. We can classify credit support as follows: credit support y/no document based y/n CSA y/n if CSA, we are usually only concerned about party a and b Another name for party B is Beneficiary. The
beneficiary is paid by the guarantor if the trading firm can’t
honor trading obligations. Brian will update the model to reflect these situations,
possibly following up with Miriam depending on when the model is available. Other business =========== The OMG cross-asset reporting group is beginning to collect
data requirements and we hope to be able to share this with the RPTWG over the
next few weeks. Next meeting =========== Because next Monday is Martin Luther King day in the US, we
will skip next week and hold the next meeting in 2 weeks, on Monday, Jan. 25. |