- David Saul
- Jennifer Bond-Caswell
- Dennis Wisnosky
- Jefferson Braswell
- Pete Rivett
- Bobbin Teegarden
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/FBC/issues/FBC-106?filter=allopenissues
5) Todays content discussion.
6) For next week.
20171006 FIBO FBC
Review of IRS trade field mapping in light of recent work. Tough issues remain: not clear where they should fall in FIBO. Not clear if there is a home in place for many. Much of the swap stuff and financial instruments stuff is pretty solid. There are a few gaps, but nothing insurmountable.
Two big issues: Financial Product (belongs in FBC).
CFTC uses the concept of product in a number of places, but this needs to be unwound. Unique Product Identifier is relatively fine, but modeling a product and its relationship to and instrument(s). EK is familiar with Nordea view, but this might be idiosyncratic, hence request for input. David: would need to check with internal SMEs and we should cross-reference UPI spec (such as it is).
Second: look lines 27-29 and 32-34 in CFTC spreadsheet. These are not modeled yet. Need input. lines 32-35: confirmation that these apply only to derivatives by Jeff Braswell. lines 27-29: Can apply to any trade.
Jeff B per the regulatory developments that require central clearing of OTC derivatives lines 40-42: seem swap specific, though some of it may be generalizable--successor trade, for example. Reporting remains an open issue: who can submit and who is a counterparty seems to differ in some cases, hence the granularity of the CFTC categories. The reported events would be driven by operational events that need to be reported (circular reference ? :)