Irina, Mark, Lyteck,
Do you have an outline release schedule
for FpML 4.5 that you could share with the group?
Regards,
James
From: eqdwg@xxxxxxxx [mailto:eqdwg@xxxxxxxx]
On Behalf Of andrew.p.parry@xxxxxxxxxxxx
Sent: 04 August 2008 07:56
To: eqdwg@xxxxxxxx
Subject: FpML-EQD FpML EQD WG
Minutes 1400 LDN Fri 01 Aug 2008
Importance: High
* Present
Mark
Addison, JP Morgan
Takeo Asakura,
MarkIt
James
Clark, MarkIt
Krishna
Devabhaktuni, Citadel Group
Vinod
Jain, Headstrong Consulting
Shabbir
Irfani, Goldman Sachs
Lyteck
Lynhiavi, ISDA
Robert
Masri, DTCC
Andrew
Parry, JP Morgan
Irina
Yermakova, ISDA
*
Minutes
No
unplanned model changes are required to support ISDA EQD Ops WG top 5 list of
products, which are
-
European Emerging Market Underlier Coverage
-
Baskets
-
Options on Variance
-
Dispersion Variance Swaps
-
Coverage for BRIC40 Index
We
have already scheduled Option on Variance Swap for inclusion in FpML-4-5
ISDA
legal drafting roadmap provides a high level view, detailed discussion of legal
drafting will continue as a standing agenda item
Within
the FpML XML Schema set, indirect inclusion paths to required types is viewed
as XML Schema legal by the AWG, vendor tools
which
require direct inclusion paths should be remediated
When
commenting on the European Dispersion Variance Swap General Terms Confirmation
I stated
"Katherine,
Rosario
Exhibit
A includes the column "Weight" linked to the footnote "Insert if
specified in the term sheet" which is language often associated with
relative or absolute basket weights, whereas the "covered
transaction" is comprised of the Index Variance Swap "IVS"
transaction, and several Share Variance Swap "SVS" transactions,
rather than an Index Variance Swap and a Basket Variance Swap"
which
is the same issue noted by James Clark of MarkIt. The FpML model follows the "covered
transaction" definition, where the notional amount may differ per leg
Publication
of XML Schema and Coding Scheme values will be separated in FpML-4-5 onwards
*
Decisions
Add
value "ISDA2008EquityOptionJapan" to master confirmation type scheme
Next
meeting 1400 LDN Fri 15 Aug 2008
*
Actions
All
provide Variance Dispersion Confirmation samples
IY
add value "ISDA2008EquityOptionJapan" to master confirmation type
scheme as proposed by James Clark of MarkIt
Andrew
Parry
+44 20 7325 1486
Exotics and Hybrids Architecture
JP Morgan
This
communication is for informational purposes only. It is not intended as an
offer or solicitation for the purchase or sale of any financial instrument or
as an official confirmation of any transaction. All market prices, data and
other information are not warranted as to completeness or accuracy and are
subject to change without notice. Any comments or statements made herein do not
necessarily reflect those of JPMorgan Chase & Co., its subsidiaries and affiliates.
This transmission may contain information that is privileged, confidential,
legally privileged, and/or exempt from disclosure under applicable law. If you
are not the intended recipient, you are hereby notified that any disclosure,
copying, distribution, or use of the information contained herein (including
any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and
any attachments are believed to be free of any virus or other defect that might
affect any computer system into which it is received and opened, it is the
responsibility of the recipient to ensure that it is virus free and no
responsibility is accepted by JPMorgan Chase & Co., its subsidiaries and
affiliates, as applicable, for any loss or damage arising in any way from its
use. If you received this transmission in error, please immediately contact the
sender and destroy the material in its entirety, whether in electronic or hard
copy format. Thank you. Please refer to
http://www.jpmorgan.com/pages/disclosures for disclosures relating to UK legal
entities.
The content of this e-mail is confidential and may be privileged. It may be read, copied and used only by the intended recipient and may not be disclosed, copied or distributed. If you received this email in error, please contact the sender immediately by return e-mail or by telephoning +44 20 7260 2000, delete it and do not disclose its contents to any person. You should take full responsibility for checking this email for viruses. Markit reserves the right to monitor all e-mail communications through its networks.
Markit and its affiliated companies make no warranty as to the accuracy or completeness of any information contained in this message and hereby exclude any liability of any kind for the information contained herein. Any opinions expressed in this message are those of the author and do not necessarily reflect the opinions of Markit.
For full details about Markit, its offerings and legal terms and conditions, please see Markit's website at http://www.markit.com .
|