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Date

Attendees



Agenda

1) Use Case reminder

2) Where we are on our road map 

3) Open Action Items

4) JIRA Issues Review - https://jira.edmcouncil.org/projects/DER/issues/DER-10?filter=allopenissues

5) Today's content discussion


6) For next week.

Proceedings:

20181218 DER FCT 

 

Marla, will be added to the JIRA and Wiki for FIBO DERivitives. Expect an email from Atlassian for the EDMC FIBO invite.,

 

ACTION: MA - contact ISDA for access to CDM (follow-up with Ian

 

MA - explained EBRDF objective and process. MA - explained the core concepts we are choosing

 

DN - how will this be operationalized (what technology, who performs, how mapped, what systems, process for aligning source data to concepts.  MA - first meeting is scoping and mapping. Jeff B - need access to CDM (event model vs. content definition model). MA:  Needed for bank commitment = more on the objective (EBRDF and project goals) - write up as proposal. Needed = outcome on pilot and time commitment for recruiting banks

 

MA - added Marla Dans as SME to participate in pilot

 

MA - formalize proposal ASAP for Wells for recruitment from Capital Markets.  Initial evaluation of concepts (terms are straightforward from contract) these are used for calculation of onward. IRS are fairly simple products (relatively straight  forward) - the issues is dealing with full set of derivations. MA – If the goal is to generate a report then need test data

 

DN - is this pilot being done by a hosted participant or individually within the bank

 

MA - do we want to engage any vendors. MA – Should the  mapping done in spreadsheet or in triples?

 

DN - goal is to generate a harmonized report (the empirical evidence of success) - need identification of source systems, ability to ingest elements into a common model. DN - need lineage from inception to conclusion

 

PR - this pilot can be done using conventional approaches (spreadsheets) or complex approaches

 

Jeff Braswell: if objectives are post-trade, regulatory reporting requirements for such things as liquidity and future exposures, then forward-looking events must be considered, and not just product classification

 

DN - first meeting (kick off) will define the work to perform

Decisions:

Action items

  • Mike Atkin contact ISDA for access to CDM (follow-up with Ian