CDM Structured Products WG - July 9th, 2024

[eteridvalishvili]

CDM Structured Products Working Group Minutes

Meeting Host: Jean-Baptiste Ziadé, Fragmos Chain

Date

July 9th, 2024 - 10 am ET / 3 pm BST

Untracked attendees

Meeting notices

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Agenda

• Convene & roll call (5mins)
• Display FINOS Antitrust Policy summary slide
• Review Meeting Notices (see above)
  • CDM Structured Products WG - May 14th, 2024 #2902
• FRAGMOS - BespokePayoutFormula ( ex- Structured Product) #2941
• AOB, Q&A & Adjourn (5mins)

Materials

Minutes

• FRAGMOS : presentation to attendees, based on Rosetta graphical view of Fragmos WS “BespokePayoutFormula” (summary : would extend CDM type model with a backward-compatible set of components, which permits to optionally describe any payout formula at granular/calculable level based on human-&-machine readable design)
  • WS view access : link PR JEAN BAPTISTE ZIADE BespokePayoutFormula #2962
  • Description : link GitHub Issue FRAGMOS - BespokePayoutFormula ( ex- Structured Product) #2941
  • As an information, other presentations of the model proposal were made prior to the meeting to some participants i.e. GOLDMAN SACHS + BLOOMBERG + SOCIETE GENERALE
• RBC : request FRAGMOS to add sample of termsheets with corresponding trade file using BespokePayoutFormula, inside GitHub Issue FRAGMOS - BespokePayoutFormula ( ex- Structured Product) #2941 (e.g. Autocallable, Range Accrual, Steepener, Options, etc.)
• SG : request FRAGMOS to elaborate on potential re-use of “BespokePayoutFormula” as part of lifecycle event (cautious of time, FRAGMOS answered such topic would be addressed in future WG meeting)

Action Items

• FRAGMOS to add sample of termsheets with corresponding trade file using BespokePayoutFormula, inside GitHub Issue FRAGMOS - BespokePayoutFormula ( ex- Structured Product) #2941
• FRAGMOS to start drafting description of the “BespokePayoutFormula” in PPT Deck (material required to prepare presentation to CRWG looking forward to Production release)
• ALL PARTICIPANTS :
  • to review trade file samples in Issue FRAGMOS - BespokePayoutFormula ( ex- Structured Product) #2941
  • to review model in PR JEAN BAPTISTE ZIADE BespokePayoutFormula #2962
  • to raise any feedback/suggestions/questions to FRAGMOS on ad hoc basis (no need to wait for next WG meeting, please contact directly FRAGMOS as need be, any intermediary interaction between participants is helpful to prepare next meetings)

Zoom info

Join Zoom Meeting
https://zoom.us/j/92136087343?pwd=VER4aW83TC9HNDVxbXU3UUkxU1BoUT09

Meeting ID: 921 3608 7343
Passcode: 861434
Find your local number: https://zoom.us/u/ad5NMLeH9R

[JBZ-Fragmos]

JB Ziade - FRAGMOS

[refset]

Jeremy Taylor - JUXT

[eelramy]

Elias El Ramy / Société Générale