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FYI. The loan WG is currently facing the problem
of business object identifiers. From: loanwg@xxxxxxxx
[mailto:loanwg@xxxxxxxx] On Behalf Of Bhavik
Katira Right. Also, it
seems that the loan group want to participate in the design effort –
ensuring that we have a solution that will work for all. To this end, we
would not introduce the event id for this version and include it within v4.5. FYI – ISDA
would like to tag and build v4.4 this week, so we are aiming to finalize the
documentation/schema by end of day today. Thanks, BK From: loanwg@xxxxxxxx
[mailto:loanwg@xxxxxxxx] On Behalf Of Marc
Gratacos There is currently a discussion within the
FpML Modeling Task Force about this topic and I think it’s going to a
similar direction as Derek is pointing at with eventIdentifier, having a
similar structure as ContractIdentifier. The modeling group is also looking at
ways to explicitly indicate the primary identifiers from a list of ids. It
probably makes sense to pursue this direction, but the only issue is that this
is a general problem in FpML currently in discussion that affects all business
processes so it will take some time to solve it and I think it won’t be
ready for 4.4. Since the current processes modeled by this group don’t
require the use of eventId, I’d suggest not introducing the concept of
eventId in this version yet and wait for an appropriate solution in a later
phase. Best regards, Marc From: loanwg@xxxxxxxx
[mailto:loanwg@xxxxxxxx] On Behalf Of derek.n.lasalle@xxxxxxxxxxxx Something
we have modeled internally leverages the concept of causalEvents and
resultantEvents. Each resultantEvent has an idRef to the causalEvent that
initiated it. Both the causalEvent and resultantEvent can be of various event
types either explicitly (rolloverEventId) or a scheme/typeEnum combined generic
structure to model events not known apriori in the model for extensibility. -----
Original Message ----- Agree on the need
for multiple event id’s for integration etc. But the other design
point I am thinking about is whether the event ids really belong at the notice
level or whether they belong within the body of the business event fields.
Thinking forward, when we start to combine some of these ‘business
events’ together (e.g. in a rollover), we may want to specify each of the
business events separately (rollover has a repayment, interest payment
etc)…? Of course, the
alternative is that when we combine these events into a rollover… they
are all considered to be ONE event. ? BK From: loanwg@xxxxxxxx
[mailto:loanwg@xxxxxxxx] On Behalf Of derek.n.lasalle@xxxxxxxxxxxx Highly
recommended that a similar model for event identifier is taken from trade
identifiers with versionedEventIdentifer containing a version in cases of amends.
Since identifiers of events are assigned by originating systems and other
participating parties/applications, the requirement is to inject their own
event identifiers into the same <eventIdentifiers> parent collection.
Each <eventIdentifier eventIdScheme="urn or uri of id source">
has a scheme. This a crucial structure for integration. Event id's are separate
from message id's which are different for each message sent. -----
Original Message ----- A follow up question to this is whether people
think that we should have the ability to store multiple event
id’s…? I.e. different vendors may want to store
their own id’s in the messages… Any feedback on this from anyone…? _____________________________________________ All, It
came to our attention that in previous discussions we spoke about introducing a
business event id to all of our notices. In
the current design, there is a “message id” in the header section,
which is unique for every single message sent out. However,
if for any reason there are multiple messages sent out all referring to the same
business event then they should all have the same “event id”. This
event id has been introduced at the Facility Notice and Loan Contract Notice
levels. It is a required field and the sender of the message would populate the
id based on their own scheme definition. Please
take a look at the attached and provide any feedback ASAP. Note:
The event id type used is inherited from an existing FpML structure. Thanks, BK <<
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hedge funds or private equity, this communication may be intended as an offer
or solicitation for the purchase or sale of such fund(s). All market prices,
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are subject to change without notice. Any comments or statements made herein do
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