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RE: FpML-VALU40 PRWG agenda 2005-10-04



EQS DSWG pricing extensions

 

Question: Andrew Parry, it’s not clear to me how the numberOfUnderlyingSecurities can be calculated with the existing elements. Maybe you could clarify.

 

TRS Support; extensions to SingleUnderlyer

DSWG proposes the following extensions to the SingleUnderlyer type:
- underlyerPrice holds the price information for the underlyer at deal inception or at the most recent reset.
- currentMarketPrice holds the most recent closing market quote for the asset.
- numberOfUnderlyingSecurities is used for bond positions to report the product of the open units and the par value of the bond.
- couponPayments holds any pending coupon payments that may be required for bonds.

 

Decision by the Equity Derivatives Working Group:
- underlyerPrice NO this is a pricing and risk subject. It should be represented by the Pricing and Risk Working Group.
- currentMarkePrice NO this is a pricing and risk subject. It should be represented by the Pricing and Risk Working Group.
- numberOfUnderlyingSecurities NO this can be calculated already (MG: how?)
- couponPayments YES in support of irregular payments in addition to existing regular payment support. Extension implemented by the Equity Derivatives Working Group.

 

TRS Support; extensions to BasketConstituent

DSWG proposes the following extensions to the BasketUnderlyer type:
- currentMarketPrice holds the most recent closing market quote for the asset.
- numberOfUnderlyingSecurities is used for bond positions to report the product of the open units and the par value of the bond.
- couponPayments holds any pending coupon payments that may be required for bonds.

 

Decision by the Equity Derivatives Working Group:
- currentMarkePrice NO this is a pricing and risk subject.
- numberOfUnderlyingSecurities NO this can be calculated already. (MG: how?)
- couponPayments YES in support of irregular payments in addition to existing regular payment support. Extension implemented by the Equity Derivatives Working Group.

 

Thanks in advance,

-Marc

+1-212-901-6028

 

 

-----Original Message-----
From: Brian Lynn [mailto:brian.lynn@xxxxxxxxxxxxxxxxxxx]
Sent: Monday, October 03, 2005 11:59 AM
To: valuation@xxxxxxxxxxxxxxxxxxxxxx
Subject: FpML-VALU40 PRWG agenda 2005-10-04

 

Dial-in:

 

US: 888 481 3032

Intl: 617 801 9600

Code: 8682747

 

Tuesday, 11:00 am - noon NY time. 

 

 

Agenda:

======

* Status of actions

      - Henri to update scheme for reporting detail level

      - Marc to clarify responsibilities for certain EQS DSWG pricing

extensions

 

* Reporting of underlyer prices for EQS (to meet DSWG requirements) -

develop plan for addressing this.

 

* AOB

 

 

 

 

Brian Lynn, CTO

Global Electronic Markets, http://global-emarkets.com

High-speed FpML matching, reconciliation, and validation:

http://fpml-mediator.com

 

-----Original Message-----

From: Brian Lynn [mailto:brian.lynn@xxxxxxxxxxxxxxxxxxx]

Sent: Tuesday, September 27, 2005 11:34 AM

To: valuation@xxxxxxxxxxxxxxxxxxxxxx

Subject: FpML-VALU40 PRWG minutes 2005-09-27

 

Attendees

=========

Henri

Marc

Brian

 

Regrets

=======

Pierre L.

Mahmoud  (to be off for a few months)

Vlad

Ayesha

 

 

Status of actions

=================

- Marc has sent updated versions of the schema and example, closing out that

action.  The example the FX rate updates, as well some EQD changes that have

been agreed by that WG.

- Henri has circulated a list of the scenarios with no examples.  We

reviewed the list and concluded that there are no missing examples for the

scenarios that we currently have schemas defined for. 

   - valuation input request still is waiting a message schema

We discussed the amount of detail that can be requested and agreed that

Henri will define coding scheme values for the "detail" element of the

valuation set, and fill these values in the requests.

 

 

 

Equity Derivatives DSWG support

===============================

We discussed how some DSWG extensions in the area of EQS will be moved into

FpML.  These will be done as valuation items.  Marc will follow up with

Andrew P. to determine who will do this.

 

Actions: 

========

Henri set up valuation detail coding scheme & update examples

Marc f/u with Andrew P on EQS DSWG extensions.

 

 

 

 

Brian Lynn, CTO

Global Electronic Markets, http://global-emarkets.com

High-speed FpML matching, reconciliation, and validation:

http://fpml-mediator.com

 

 

-----Original Message-----

From: Brian Lynn [mailto:brian.lynn@xxxxxxxxxxxxxxxxxxx]

Sent: Monday, September 26, 2005 1:40 PM

To: valuation@xxxxxxxxxxxxxxxxxxxxxx

Subject: FpML-VALU40 PRWG agenda 2005-09-27

 

Dial-in:

 

US: 888 481 3032

Intl: 617 801 9600

Code: 8682747

 

Tuesday, 11:00 am - noon NY time. 

 

 

Agenda:

======

Status of actions

      - Marc to update schema & examples - schema done

      - Henri to circulate missing use case examples - done

Discuss DSWG open items for EQD

Plan for missing examples

AOB

 

 

Brian Lynn, CTO

Global Electronic Markets, http://global-emarkets.com

High-speed FpML matching, reconciliation, and validation:

http://fpml-mediator.com

 

 

 

 

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