Participants
------------------
Rob Longridge (RBC)
Mike Anderson (Merrill Lynch)
Paul Appleford (Credit Suisse)
Tony Smith (JPMorgan)
John Singler (Helix FS)
Danny Moeller (Helix FS)
Erica Choinski (IBT)
Arijit Dasgupta (JPMorgan)
Pauline Parker (Sungard)
Joshua Derrick (Olmstead)
Sylvain Benoist (JPMorgan), chair
Irina Yermakova (ISDA)
Marc Gratacos (ISDA)
Review of Actions
-------------------------
- Rob sent the information to
Tullet. He hasn’t received any response though.
- Sylvain distributed the
JPMorgan proposal.
- Marc distributed the Citco
proposal.
Discussion
----------------
- Sylvain went through the JPM
proposal.
- There was a discussion around
the usage of settlement instruction. This should be clarified.
- There was a question about how
to use this model using allocations. Some examples of allocations should
be provided to the group.
- There was the suggestion to
clarify the buyer/seller model terminology and consistency.
- There was another comment
regarding the documentation element in FpML and that it would probably
make sense to reference the BMA Global Repo Master Agreement.
- There was the comment of making
the reference to the underlying asset more strict and only allow bond and
equity to be present.
- There was the suggestion to
discuss the Collateral piece.
Actions
-----------
- Sylvain will solve issues and
clarify usage.
- Marc will invite Brian Lynn for
the next call to talk about the Citco proposal.
Let me know if you have any comments. I probably missed some
points of discussion.
Kind Regards,
-Marc
+13472846531
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