01 MAR 2021 - Product Control Common Template Meeting Minutes

kenneth-hei commented 3 years ago

Date

Monday, MAR 01 2021 - 10am ET / 3pm GMT

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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FINOS project meetings may be recorded for use solely by the FINOS team for administration purposes. In very limited instances, and with explicit approval, recordings may be made more widely available.

[ ] Convene & roll call
[ ] Display FINOS Antitrust Policy summary slide
[ ] Review Meeting Notices (see above)
[ ] Approve past meeting minutes
[ ] Vendors questions
[ ] CDM introduction
[ ] Legend Studio introduction
[ ] Transition Approach: Indicative Model to Model Mapping
[ ] Constituents and Structure of Governance Process
[ ] Open discussion: How can we get more banks and suppliers to this working group

[ ] Approval/questions on past meeting minutes. Remaining participants to review the circulated meeting minutes and raise questions, if any.
[ ] Product Coverage re-emphasized with vendors with broader long term industry benefits on standardization.
[ ] Discussion on sharing across the attributes on the current vanilla option template from various vendors in the working group to arrive at industry-wide common model to model mappings.
[ ] Basic overview of CDM (Common Domain Model) by ISDA - Benefits, Interoperability, Transparency & Accelerated Innovation.
[ ] Basic introduction of FINOS Legend Studio by project leads and indication of the working of the model to model mapping using Legend Studio.
[ ] Discussion on the proposed transition approach using Indicative Model to Model Mapping via Legend Studio.
[ ] Couple of outstanding agenda that needs to be discussed in a later meeting – Governance process & Onboarding of a larger group of banks that currently use these consensus services on the common template working group.

[ ] Proposal for kick off of a wider Working group to explore feasibility of the proposal and the indicative template model to model mapping idea.

[ ] Participating Banks & Vendors to appoint volunteers for the working group to meet every week and create the model for ~ 1 month and then get back to the project maintainers to review the progress.

[ ] Get a GitHub account at github.com/join for all members/volunteers,
[ ] "watch" the FO repository in GitHub,
[ ] Request a legend account at finos.org/legend for all members/volunteers, and
[ ] Send across names, email id and GitHub id of volunteers for the working group by Friday, so that we can reach out to them ahead of the meeting next week.

Meeting link: https://finos.webex.com/finos/j.php?MTID=m6e9255a2368279a9f1857f176cbf2c1a
Meeting number: 127 642 4586
Password: J2SqF2Kp5X2
Call-in:
- Join by video system: Dial 1276424586@finos.webex.com. You can also dial 173.243.2.68 and enter your meeting number.
- Join by phone: +1-415-655-0003 US Toll | +44-20319-88141 UK Toll | Access code: 127 642 4586