2024-01-23 Meeting notes
- Elisa Kendall
Date
Jan 23, 2024
Participants
@Elisa Kendall
John Gemski
Pete Rivett
Goals
Completing outstanding pull requests for DER-126 and FND-380a
Discussion topics
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In DER-126, we note that there are a number of terms in the Swaps / IRSwaps ontologies that reference things related to “swap stream” events and calculations. These classes need refinement and/or correction. There are elements in the ACTUS cash flow data dictionary that likely correspond to some of these calculations, but it is not at all clear that the representation we have would map cleanly to that. Some review is still required. There may be definitions in the CFTC spreadsheets to that we can review to help here as well.
Anything that uses the term “swap stream” should be revised to use “swap leg”, if, in fact the concept is needed as a refinement of what we have elsewhere. Certain concepts, such as an interest rate reset schedule and payment schedule should be defined higher up in the “food chain”, rather than only for IR swaps (e.g., for debt instruments, including bonds, more generally).
We elected to move this to a new issue, so that we can review it in more depth and adjust the terminology as appropriate.
Thus we agreed to (1) close DER-126 as done, and (2) raise a new issue in FBC to rationalize the set of terms that are currently scattered in loans and swaps, and move the consolidated set of events and schedules to the FBC debt ontology (FBC-317).