FpML Working Group Meeting: 21 July 2009, 1000-1100EST (London Time: 3-4pm)

Dial-in details:

US: + 1 (888) 481 - 3032

Intl: + 1 (617) 801- 9600

UK: 0800 904-7961

Participant Code: 28413758

Agenda

- Discussion around Price Change Notice comments.

- Review updates to requirements (v1.38).

- Trading: Delayed Compensation, Design choices…

Attached

- Business requirements (v1.38)

- Delayed compensation requirements

Regards,

Bhavik Katira

CEO

TenDelta™

Fresh insight. Pure logic.

www.tendelta.com

+1.917.582.4574 new york

+44.(0).7780.808732 london

TenDelta™ provides business process consulting, technology design/implementation & education services, specializing in the Syndicated Loan Market. Entrusted with engineering innovative & logical solutions, we endeavor to deliver timely, robust, cutting-edge solutions.

TenDelta™ Limited is a company registered in England & Wales. The Company registered number is 06285903. The registered office is 3 Francis Road, Harrow, Middlesex, HA1 2QZ, United Kingdom.

From: loanwg@xxxxxxxx [mailto:loanwg@xxxxxxxx] On Behalf Of Bhavik Katira
Sent: Tuesday, July 14, 2009 9:31 AM
To: loanwg@xxxxxxxx
Subject: Next Loan Working Group - 21 July 2009

All,

We have been trying to catch up with our designs based on business requirements and will require another week to synchronize the documentation and schemas.

In the meantime, I have attached the trading and delayed compensation requirements. The group has been progressing into the some initial distressed representation also.

Our aim for the resultant schema is to have a single structure representative across the US and European markets, and to that end Ellen has been working with the LMA to ensure consistency.

Will start to distribute updated requirements and schema documentation as it becomes available for review.