International Swaps and Derivatives Association, Inc Standards Committee Offsite Business Process Working Group Update

International Swaps and Derivatives Association, Inc. Accomplishments Support for Cash Flow Matching –Schema, examples, and guidelines –Published in version 4.2 Third Working Draft Portfolio Reconciliation –Some minor changes to Position model implemented in 4.2 Trial Recommendation –Schema for messages and documentation has been developed (not published) –Examples have been created (not published)

International Swaps and Derivatives Association, Inc. Discussion Generic short-form product

International Swaps and Derivatives Association, Inc. Discussion Generic short-form product Included in DSWG for representing products not supported by FpML Usage of this product –For complex products only? –For what business processes? How detailed should it be? –the pertinence of an optionDetails node

International Swaps and Derivatives Association, Inc. Discussion Next Steps Refactoring/expansion of the lifecycle events –Back to the discussion that we had in the early stages of the group Bilateral STP Processes