10 MAR 2021 - Product Control Common Template Meeting Minutes

[kenneth-hei]

Date

Wednesday, MAR 10 2021 - 9am ET / 2pm GMT

Untracked attendees

• Fullname, Affiliation, GitHub username

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.

• FINOS meetings involve participation by industry competitors, and it is the intention of FINOS and the Linux Foundation to conduct all of its activities in accordance with applicable antitrust and competition laws. It is therefore extremely important that attendees adhere to meeting agendas, and be aware of, and not participate in, any activities that are prohibited under applicable US state, federal or foreign antitrust and competition laws. Please contact legal@finos.org with any questions.

• 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.

Agenda

• [ ] Convene & roll call
• [ ] Display FINOS Antitrust Policy summary slide
• [ ] Review Meeting Notices (see above)
• [ ] Approve past meeting minutes
• [ ] Volunteer introduction
• [ ] Overview of the initiative
• [ ] Legend Studio Walkthrough
• [ ] Share indicative vendor model via Legend Studio
• [ ] Q&A

Minutes of the meeting

• [ ] Approval on past meeting minutes and introduction of volunteers.
• [ ] Basic overview by project leads. Initiative and its benefits re-emphasized with the working group. Proof of Concept focus area highlighted for the next 4 meetings with indicative model to model mapping using Legend Studio.
• [ ] Points raised in the meeting that require further discussion with project maintainers:
  • Discussion on further alternative solutions as part of the working group to meet the ultimate objective of the working group basis its feasibility.
  • Legal protection of data and the alternative solution and a comprehensive guideline on how the IP will be protected.
  • Banks and vendors raised topics on governance and ownership in terms of ownership the developed model. FINOS has an IP policy that neutralizes LEGEND Studio. Discussion on CCLA agreement to start contributing to legend studio.
• [ ] Given Legend runs on web browser, working group needs to confirm if participants, vendors, banks be allowed to use Legend/CDM in their local instance and the open security issues.
• [ ] Legend Studio presentation and demonstrated how to a sample data model for equity vanilla option template.
• [ ] Discussion on legend supporting multiple date formats.

Action Items

• [ ] RVS to provide alternative solution for our proposed objective in the next working group.
• [ ] FINOS to revert on Legend IP protection and ownership of the proposed working model.
• [ ] Provide solution on multiple date format support in Legend Studio (UK/US date formats).
• [ ] GS to merge the indicative common template model to the Product Control common template project in FINOS Legend space. Participants to review and revert with feedbacks, if any.

As discussed, please find below the learning material for Legend Studio. Link to Youtube Legend working guide

• [ ] ...

WebEx info

• 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

[TSanborn-ISDA]

Hi everyone!

[toshaellison]

Hi!

[agitana]

Untracked attendees

• Alex Strange / JP Morgan
• Carrie Miller / Morgan Stanley
• Charlie Gray / Morgan Stanley
• Craig Rowe / Cantor Fitzgerald
• Kotan Gergely / General Electric
• Melissa Gow / JP Morgan
• Rajesh Narayan / Bank of America
• Rich Heironimus / Freddie Mac
• Ruddy Vincent / ISDA
• Sanjeev Dumir / Finmechanics
• Scott Wason / JP Morgan
• Steve Luxton / JP Morgan

[ashleymercer]

Skylight IPV:

@ashleymercer @NigelHyde @Richard-Cade-SkylightIPV @Adam-McIlroy-Skylight

[RichardWagener365]

Hi

[mdemarzio]

hi

[sundraarama]

Hello, Rama from RVS Equities

[JamesEaton-BofA]

Here

[florian-cavellini]

Here from Totem Product Development

[Abhishekagarwalla99]

Abhishek Agarwalla & kenneth Poon from Goldman Sachs

[github-actions[bot]]

Couldn't find the following GitHub usernames on file: @florian-cavellini, @sundraarama, @Abhishekagarwalla99, @JamesEaton-BofA . /CC @aitana16 @maoo @mcleo-d