...
- David Saul (Unlicensed)
- Jennifer Bond-Caswell (Unlicensed)
- Dennis Wisnosky
- Tahoe Blue
- Pete Rivett
- Bobbin Teegarden (Unlicensed)
Agenda
1) Use Case reminder
...
SKOS
RDF/S
6) For next week.
Proceedings:
| View file | ||||
|---|---|---|---|---|
|
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).
https://www.iosco.org/library/pubdocs/pdf/IOSCOPD580.pdf
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 ? :)
https://www.iosco.org/library/pubdocs/pdf/IOSCOPD557.pdf