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All, Per item #2, here is a write-up that
explains the tax lot issue. First, if we understand and agree the need to
identify swaps at the lot level, then later we can focus on the solution
– i.e., how the contractId should be represented, whether the FpML schema
should be extended, whether recipients should convert the sender’s
contractId of any length, and what the downstream impact would be on operations
and systems. This will also be posted in the SWIFTNet
FpML space on swiftcommunity.net. Please have a look so we can discuss at the
5 March meeting. Regards, ___________________________ Randy C.
Magdaluyo Vice President Investor
Technology Services State Street
Corporation W:
+1.949.932.1644 M:
+1.949.232.5330 E: rcmagdaluyo@xxxxxxxxxxxxxxx From: Us: 888 481 3032 Non US: 617 801 9600 Code: 28413758 Agenda ====== 0) New chairs 1) Re-statement
of scope of this WG and relationship with other FpML WGs. 2) Tax lot
information in notification messages. 3) Adding an
optional notional amount to the ContractFullTermination message 4) Clean or
dirty pricing processing indicator in a trade notification. Only
"clean" pricing allows interest accrual calculations at custodians.
"Dirty" pricing, for example, can relate to contracts involving
Developing Country currencies. 5) Recommended
elements in a long-form contract notification. 6) Comment on
proposal to use a fixed party->account->accountIdScheme on SwiftNet FpML
to identify the account number at the custodian. 7) Frequency of
conference calls. 8) AOB From: Dial in details for the meeting on Wednesday February 20 at
11:00 a.m. Us: 888 481 3032 Non US: 617 801 9600 Code: 28413758 Agenda ====== 9) New chairs 10) Re-statement
of scope of this WG and relationship with other FpML WGs. 11) Tax lot
information in notification messages. 12) Adding an
optional notional amount to the ContractFullTermination message. 13) Frequency of
conference calls. 14) AOB Best Regards, -Marc +13472846531 **************************************************************************************************************************
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Attachment:
Identifying Swaps at Lot Level - Part 1.doc
Description: Identifying Swaps at Lot Level - Part 1.doc