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Attendees ======== Irina Yermakova, ISDA Marcelle Van Wendland, Fincore Sreedhar Segu, DTCC Lucio Iida, Blackrock Chris Funck, Chatham Martin Sexton, London Market Systems Brian Lynn, GEM Ludvig Henriksson, Trioptima Marc Gratacos, ISDA 1) Review status of actions a) Chris
to provide additional sample data and Brian to convert to XML b) Brian
to update party model (change partyInfo type to group) c) Brian
to provide draft aggregate reporting requirements >> done, provided with invitation d) d)
Irina to update coding schemes for credit ratings and industry sector –
in progress still, needs some feedback from Jai S. from GS. e) e)
Marcelle V. will distribute a list of ECB party roles this week, to be
discussed next meeting. 2) Review entity model and example, discuss refinements >> we should review the model to try to make sure
that at least one document type is there (if possible force using schema) >> we should adjust the model slightly to make a
distinction between related parties to a transaction vs. party relationships >> should we add the ability to record status
information about parties, e.g is in default? liquidation? >> could indicate which asset class is in default? >> Marcelle suggests keeping this in sync with the
trigger conditions in a cds, use credit events e.g. from CEN >> We should add an onBehalfOf element to represent
who the report is being sent on behalf of. 3) Review aggregate reporting requirements >> We reviewed the document briefly. It was well
received. There were a few adjustments, such as: - at VAR as a reportable aggregate risk measure - look at terminology when the report is from a central counterparty
(do we call it counterparties?) Next meeting =========== Monday, Feb . 8, 11 am NY time – review updates
to entity model, aggregate reporting requirements. |