eteridvalishvili commented 7 months ago

CDM Derivatives Products and Business Events Working Group Minutes

Meeting Host: Tabish Ahmed, ISDA

April 4th, 2024 - 11:30 am EST / 4:30 pm GMT

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[x] Convene & roll call (5mins)
[x] Display FINOS Antitrust Policy summary slide
[x] Review Meeting Notices (see above)
[x] Review the following https://github.com/finos/common-domain-model/issues/2762 issue
[x] AOB, Q&A & Adjourn (5mins)

Discussion on Proposed Changes:

Found that the qualified asset class functions were not behaving as expected due to gaps in the logic, particularly related to OTC mindset and missing checks on security or index.
Suggestions to use taxonomy structures to assign taxonomy definitions to underlying products for immediate resolution.
Reviewed proposed changes to qualification functions.
Explored implications for CDM and related systems.
Considered challenges with contractual terms.
Discussed flexibility of the product qualifier, especially in equities.

Next Steps and Timeline:

Process for integrating changes into the CDM production version.
Agreed on expediting the approval process.
Emphasized the need for thorough testing and validation to mitigate regressions.
Discussed urgency of aligning with upcoming release cycles.