2018-06-28 Financial Objects WG Meeting Minutes

2018-06-28 Financial Objects WG Meeting Minutes

Meeting minutes status: Approved (on 2019/07/25)

Table of Contents

Date/Time

2018-06-28 12:00pm US-EDT

Attendees

Name

Organisation

Name

Organisation

Hammad Akbar

Citi

Will Quan

JPM

Johan Sandersson

Factset

David Landisman

Factset

Ayaz Haji

Goldman Sachs

Outstanding Action Items

Agenda

Time

Item

Who

Notes from the Meeting

Time

Item

Who

Notes from the Meeting

5 min

Convene & roll call

@Hammad Akbar

 

 

20 min

Update from FINOS Members Meeting

@Hammad Akbar

  • Interest from several program teams to leverage the output from the Financial Objects program

    • FDC3 Program are already working with Order objects

    • Voice Program are already working with Commodities objects

  • Clarity around how the expected output of this program compares with existing standards already in use within the industry

20 min

RFQ Working Group Status Update

@William Quan

 

  • A matrix is being compiled to represent the rates object and the different use cases at various stages of the workflow. 

    • There may need to be common definition around the terms used at the different stages of the workflow

    • This could be driven by the expected output where if it is common could be deemed synonymous terms.

  • Input and feedback on the matrix should be provided to Will and Hammad

  • The governance around how the objects are represented and stored can become complex.

    • Ayaz suggested that the ISDA standards group have implemented an effective process that we may want to follow

    • Ayaz to consider if there is anyone familiar with that process that could help establish the governance for this program.

10 min

AOB & adjourn

@Hammad Akbar

 

Decisions Made

Action Items