CDM Asset Refactor Task Force - April 18th, 2024

[eteridvalishvili]

CDM Asset Refactor Task Force Minutes

Meeting Host: Lionel Smith Gordon, Regnosys

Date

April 18th, 2024 - 11am ET / 4pm GMT

Untracked attendees

Meeting notices

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Agenda

• Convene & roll call (5mins)
• Display FINOS Antitrust Policy summary slide
• Review Meeting Notices (see above)
• Approve past meeting minutes
  • CDM Asset Refactor Task Force - April 11th, 2024 #2820
• Asset Refactoring
  • Discuss outstanding points on Asset, covered in the attached deck
  • Current PR: Lionel Smith-Gordon ARTForce v2 #2860 / Issue: Proposed refactoring of Asset, Product and Observable in the CDM to address model limitations #2805
  • Open Contribution on Rosetta: Lionel Smith-Gordon ARTForce v2
• AOB, Q&A & Adjourn (5mins)

Materials:

ARTForce - Model Updates 18Apr24.pptx

Minutes

• @tomhealey-icma discussed the concept of observables, stating that assets and products themselves are not observables; instead, it's the prices, yields, or numerical values associated with them that are observable.

• Discussion on transferability of financial instruments.1. Introduction of transferability as a fundamental distinction 2. Structural differences between OTC and non-OTC products. @lolabeis emphasized the importance of recognizing assets as something that can be held and transferred, distinguishing them from observables and products.

• @JBZ-Fragmos suggested focusing future discussions on graphical representations of proposals to better understand operational aspects and identify potential blockers in the model's functionality.

Action Items

• Proposal to be created outlining the implementation of transferability as a fundamental distinction in financial instruments for further discussion.
• @tomhealey-icma To provide information supporting the structural differences between OTC and non-OTC products.
• All Participants: Review the proposal for graphical representation and provide feedback for the next meeting.

Zoom info

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

Meeting ID: 919 4739 8280
Passcode: 867245

[chrisisla]

Chris Rayner / ISLA

[lolabeis]

Leo Labeis / REGnosys

[tomhealey-icma]

Tom Healey/ICMA

[AdrianJenksD2LT]

Adrian Jenks / D2LT

[mikealambert]

Mike Lambert / Broadridge

[dschwartznyc]

Dan Schwartz / FT Advisory

[llynhiavu]

Lyteck Lynhiavu / ISDA