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Attendees: ---------- - Marc Addison - Marc Gratacos, ISDA - Irina Yermakova, ISDA - Andrew Dingwall-Smith - Daniel Dui - Andrew Jacobs - Lyteck Lynhiavu, ISDA - Minutes: -------- - Looking for a chair: We are looking for an individual committed to drive business validation forward.
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à individuals interested in chairing the Validation WG should communicate their interest and availability to Lyteck at ISDA.
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à Firms to get back internally and suggest potential candidates. - Target versions for the outstanding issues have been reassigned as shown in the updated spreadsheet. The reassignment was based on multiple factors: 1. the amount of time available to meet 4.7REC (end of Jan 2010), 4.8 (2010Q1), and
5.0 (2010Q1) release schedule 2. ease/difficulty of implementation 3. whether or not issues require further input from the group - Andrew Jacobs noted some open issues (e.g., FX) are still dependent on the group’s formal position regarding financial date calculations. ISDA published Andrew Jacobs’s .
à Lyteck to circulate link to the paper:
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http://www.fpml.org/documents/technical.html
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http://www.fpml.org/documents/technote/Financial%20Date%20Calculations%20in%20FpML.doc
- Harry McAllister expressed some concerns (at the December 2009 Standards Committee meeting) regarding the technical _expression_ of validation rules, in particular limitations of the chosen XPath technology.
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Background: Over the past 1½ year, the validation WG reengineered the way validation rules are expressed in the specification and agreed to provide a natural English _expression_ and a technical (XPATH) _expression_ for all validation rules.
The problem is that some complex rules simply can’t be expressed using any particular syntax and that perhaps those rules should only have a natural/English _expression_ and forgo the technical _expression_.
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àHarry McAllister was to send an open note to the group for discussion.
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The group discussed the issue but felt more input from Harry was needed
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Marc Addison noted XPATH was chosen as the natural implementation technology for XML.
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Andrew Jacobs noted some rules can’t be easily or accurately expressed; and implementation technology is not powerful enough and too complicated to implement.
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Andrew noted some open issues could be closed if the WG decided not to provide a technical/XPATH _expression_ for those rules that are too complex to express. Irina questioned how would the group make the determination of whether
a validation rules should have one or both representations. - The date of the next validation WG meeting is largely dependent on whether the discussion on the technical representation of validation rules can take place
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à Harry McAllister to send open note to the mailing list
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à Members to provide feedback via the mailing list
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à Harry McAllister to participate to the next call (coordinate with Lyteck) Best, Lyteck -----Original Message----- attached is the list of issues for discussion at the meeting (also available at http://www.fpml.org/issues/) ________________________________________ From: valwg@xxxxxxxx [valwg@xxxxxxxx] On Behalf Of Lyteck Lynhiavu [LLynhiavu@xxxxxxxx] Sent: Thursday, January 14, 2010 10:23 AM To: valwg@xxxxxxxx Subject: FpML-VAL Reboot: Meeting - Tuesday January 19th - 9am NY / 2pm London All: The group hasn’t met for several months. The plan is to start meeting again on a regular basis so we can move validation issues forward. I propose we meet: Tuesday January 19th @ 9am NY / 2pm London Dial in Details: US Dial-in: 888-481-3032 UK Toll Free: 0800 904 7961 International Dial-in: 617-801-9600 Passcode: 52016709 Tentative Agenda: - Working Group Chair - 4.x and 5.x targets - Harry’s Open Note - Review of outstanding issues - AOB Best, Lyteck ________________________________ The information contained in either this email and, if applicable, the attachment, are confidential and are intended only for the recipient. The contents of either the email or the attachment may not be disclosed or used by anyone other
than the addressee. If you are not the intended recipient(s), any use, disclosure, copying, or distribution is prohibited and may be unlawful. If you have received this communication in error, please notify us by e-mail at isda@xxxxxxxx <mailto:isda@xxxxxxxx>
then delete the e-mail and all attachments and any copies thereof. This communication is part of an ISDA process and is not intended for unauthorized use or distribution. The information contained in either this email and, if applicable, the attachment, are confidential and are intended only for the recipient. The contents of either the email or the attachment may not be disclosed or used by anyone other
than the addressee. If you are not the intended recipient(s), any use, disclosure, copying, or distribution is prohibited and may be unlawful. If you have received this communication in error, please notify us by e-mail at isda@xxxxxxxx <mailto:isda@xxxxxxxx>
then delete the e-mail and all attachments and any copies thereof. This communication is part of an ISDA process and is not intended for unauthorized use or distribution. The information contained in either this email and, if applicable, the attachment, are confidential and are intended only for the recipient. The contents of either the email or the attachment may not be disclosed or used by anyone other than the addressee. If you are not the intended recipient(s), any use, disclosure, copying, or distribution is prohibited and may be unlawful. If you have received this communication in error, please notify us by e-mail at isda@xxxxxxxx <mailto:isda@xxxxxxxx> then delete the e-mail and all attachments and any copies thereof. This communication is part of an ISDA process and is not intended for unauthorized use or distribution. |
Attachment:
FpML_list_of_validation_rules_issues_20100119.xls
Description: FpML_list_of_validation_rules_issues_20100119.xls