MTF minutes July 18

["Brian Lynn" <brian.lynn@xxxxxxxxxxxxxxxxxxx>]

Attendees
========
Henri, DTCC
Jason P., BGI
Lyteck, ISDA
Irina, ISDA
Andrew J., Handcoded
Christian N, Message Automation
Marc G, ISDA
Brian Lynn, GEM
Robert S, Brookpath
Harry McA.


Actions
-------
Marc has distributed a paper on position identification
Andrew nearly ready to dist paper on trade identification,
Brian has created an initial paper on process issues contributing to
modeling issues.

Issues
------
525 - Marc is working on following Credit empty element changes
526 - Marc and Irina will look at the consolidate payment
528 - Lyteck will review
529 - This should be closed, Irina will review, and follow up with Harry on
some IR/EQ cross product issues with exercise
530 - Irina will investigate whether the substitution group is still needed
for equity legs in version 5.0

Party Role Representation
-------------------------
We discussed Robert's new proposal on party role representation.  In this
proposal the roles are represented external to the trades.  We agreed that
the direction seemed promising but requested some examples of how it would
be used to better assess the proposal.  We also provided some specific
feedback on aspects of the model (e.g. referencing trades from the roles,
etc.)  Robert agreed to work on examples using the proposed model.

Trade Identification
--------------------
We briefly discussed Marc's updates to the identification model, using
Harry's ideas.  We agreed that it would be necessary to create some
validation rules to ensure that the correlation object reference would not
point to an id different from one referenced by the primary trade ID
reference.

Marc will look into a couple of issues, including the timestamp/effective
date issue from earlier.

Next meeting
============
Friday July 25 - issues list, process issues, party roles, trade vs.
contract