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Agenda
1) Use Case reminder
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We took a look in particular at loan participation note, which is not covered in the CFI but is mentioned in wikipedia and investopedia. We also realized that we don't have coverage in loans for syndicated loan, which is a gap that should be addressed. We can talk with Pinnacle Bank and others, possibly Wells Fargo and Deutche Bank, to get additional parameters that apply to syndicated loans. Syndicated loans are primarily very large, over $50 million, and the participants as well as borrowers tend to be very large organizations. A couple of concepts to include are 'lead lender' and 'syndication agreement'. Such agreements may be bilateral between the lead lender and an individual participant, setting out the pro-rata ratio for participation by participant.
We might also consider adding / extending the details we have for Financing (section 6.13) and complete the concepts defined therein, including, for example, reverse repo, and other attributes we may be missing on repos in general.
Near term - finish the work on SEC-119, 181, and 188, and complete the work on loan participation notes (SEC-189), as well as SEC-185, related to moving certain debt analytics statistics to instrument pricing. JG will investigate SEC-185 - and potentially propose use cases for the various subclasses of price. Note that some of the terms in debt analytics are jargon, such as 'clean' and 'dirty' price. FIBO should include the correct terminology used in, for example, legislation or regulatory rules, rather than jargon, and add the jargon as synonyms. Elisa will also talk with Rich Robinson (Bloomberg) about pricing models and how Bloomberg treats them, whether they use classes or properties to represent them, as well as Wells Fargo Securities. We are also missing Ask Price as a concept in our pricing ontology.
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