finos/common-domain-model

CDM Asset Refactor Task Force - June 20th, 2024

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eteridvalishvili commented

CDM Asset Refactor Task Force Minutes

Meeting Host: Lionel Smith Gordon, Regnosys

Date

June 20th, 2024 - 11 am ET / 4 pm BST

Untracked attendees

Meeting notices

  • FINOS Project leads are responsible for observing the FINOS guidelines for running project meetings. Project maintainers can find additional resources in the FINOS Maintainers Cheatsheet.

  • All participants in FINOS project meetings are subject to the LF Antitrust Policy, the FINOS Community Code of Conduct and all other FINOS policies.

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Agenda

  • Convene & roll call (5mins)
  • Display FINOS Antitrust Policy summary slide
  • Review Meeting Notices (see above)
  • Approve meeting minutes
  • Securities Financing Qualification
  • Review of first PR for refactoring.
  • Please take a look at the materials but also at this PR:
    • In Rosetta: open contribution Phase-1-Asset-Refactor
    • In GitHub: PR 2997.
      • Please make comments on the PR, via email or bring to Thursday’s meeting.
  • AOB, Q&A & Adjourn (5mins)

Materials

ARTForce 20Jun24.pptx

Minutes

  1. Minutes:
    a. Minutes of 13 June approved.

  2. Product Qualification:
    a. Re-capped the issue with Product Qualification for Repo and Sec Lending.
    b. Presented proposed refactoring of AssetPayout using TransferableProduct.
    c. Need to get clarity on the preferred modelling for Repo, Buy Bank and Sec Lending trades.
    i. Action: Tom/Chris: validate materials and provide samples of trades.
    ii. Proposal shows different structures for the products: is this a viable differentiation.
    d. Tom reiterated that he believes that adding ContractDetails to the product is the only viable solution.
    i. Action: Tom to share contribution with his proposed design
    e. Tom also asserted that any solution should be consistent for all products and use taxonomy in the same way.

  3. FX Products & SettlementCommitment
    a. Discussion on the use of ForwardPayout for FX, is this changing?
    b. How should FX Forwards be modelled.
    c. Discussion on the concept of ‘product’ for FX trading.
    i. Action: Lionel to follow-up on ForwardPayout.

  4. Next development release
    a. Participants asked to review the proposal and revert with comments. Proposal is viewable
    i. In the Powerpoint deck
    ii. As an Open Contribution (Phase 1 ARTForce) in Rosetta
    iii. As a draft PR 2985 in GitHub.

  5. AOB / Next Steps
    a. Need to confirm a solution for issue 2581, whether or not it is included in the Task Force scope.
    i. Action: Lionel to revert.
    b. Seeking clarity on the promotion of the Choice and Deep Path functionality in Rune DSL into CDM Dev so that it can be used with the refactoring.
    i. Action: Dan & Chris to facilitate with TAWG.
    c. Development of Phase 2 and 3 will continue.

Zoom info

Join Zoom Meeting
https://zoom.us/j/91947398280?pwd=YS85Mmo4ejhvV2VKMlpaU1FmeDYydz09

Meeting ID: 919 4739 8280
Passcode: 867245

dschwartznyc commented

dan schwartz/FT Advisory

jonathan-jpmc commented

jonathan-jpmc

mahoneg1br commented

Greg Mahoney / Broadridge

Oblongs commented

Lionel Smith-Gordon for REGnosys