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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:

Today we discussed updating the MIC codes by end of quarter, so we would like the code freeze for the quarterly release to be COB 9/29 in order to get that done.

On review we determined that we already have all of the information included in the equity options ontology (provisional) and can eliminate that - see DER-109.

Also reviewed the equity forwards ontology - we determined that being a subclass of equity derivative is too narrow - the union with respect to the underlier needs to include equity options and equity futures, among other issues.  We likely can't release this before next week due to various restrictions/properties related to dividend cash flows, however.  Also see https://financetrain.com/how-equity-forward-contracts-work/ with respect to more detail about equity forwards.  With respect to how dividends are handled between the execution date and maturity date, there is more detail in https://analystnotes.com/cfa-study-notes-calculate-and-interpret-the-price-and-value-of-an-equity-forward-contract-assuming-dividends-are-paid-either-discretely-or-continuously.html#:~:text=An%20equity%20forward%20contract%20is,expiration%20date%20of%20the%20contract.

We might consider excluding the parameters related to dividends but add an explanatory note that discusses the fact that forward contract holders do not benefit from dividend payments in the same way that holders of the underlying shares do, and that the dividend payments are reflected in the pricing of the forwards - see the link above for some of those details.

Decisions:

Action items

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