2020-07-14 Meeting notes
- Elisa Kendall
Date
Attendees
Agenda
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/DER/issues/DER-10?filter=allopenissues
5) Todays content discussion.
6) For next week.
Proceedings:
Reviewed what an equity swap actually is. Side A is based on (1) a dividend stream from an equity or (2) the rate of return on some equity index. Side B is based on (1) a fixed income rate based on a benchmark, (2) a dividend stream from an equity or (3) the rate of return on some equity index. See, for example, https://www.investopedia.com/terms/e/equityswap.asp, https://www.wallstreetmojo.com/equity-swaps/, https://en.wikipedia.org/wiki/Equity_swap.
Next steps include creating a new ontology that follows roughly the structures we set in place for interest rate swaps, legs first. An interest rate swap has a number of possible kinds of legs: (a) dividend stream for a single share of stock, (b) dividend stream for a group of shares, (c) dividend stream for shares that make up an index, (d) change in value for a single share of stock, (e) change in value of a group of shares, (f) change in value of an index ... and so forth, then a given swap could have one or both legs from one of these options or an interest rate leg based on some benchmark.