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/SEC/issues/SEC-7?filter=allopenissues
5) Todays content discussion.
6) For next week.
Discussed whether or not we can close everything out by 12/24 as requested by Pawel. Pete and John will be out of town the week between Christmas and New Years, so it is possible that we could close things out by then.
Structured finance: Structured finance is a heavily involved financial instrument presented to large financial institutions or companies with complicated financing needs who are unsatisfied with conventional financial products. Since the mid-1980s, structured finance has become popular in the finance industry. Collateralized debt obligations (CDOs), synthetic financial instruments, collateralized bond obligations (CBOs), and syndicated loans are examples of structured finance instruments.
John suggested that he would create a diagram that shows how structured finance works and the relationships between the instruments, pools and other things, given that this whole area is confusing. We can discuss that next week. See Asset-Backed Securities vs. Collateralized Debt Obligations for his diagram and follow-up from Jeff Braswell on CDOs.
Added principal protected note and structured finance without capital protection and pushed this draft out (SEC-164) so that John can review it and use it as the basis for creating the diagram.