2019-10-23 Meeting notes

Owned by Vipin Bharathan
Last updated: Apr 03, 2024 by Tomaz Sedej
2 min read

Date

Attendees

  • Vipin Bharathan

  • @Gary Miller Intain- Software that manages FSI (Financial services Infrastructure)

  • @Mani Pillai Swapshub CEO

  • @Ron Quaranta Head Wall Street Blockchain Alliance (WSBA)

  • @Tong Li IBM Fabric deployment project (Cello) and Fabric Interoperability WG chair 

  • @Santanu Mukherjee

  • @Kirthi

Goals

  • Present CDM derivhack in the context of standards around securities trading (mostly post-trade) settlements, events and other data.
  • Go through status of current projects

Discussion items

TimeItemWhoNotes
2 minAnti Trust Policy & Code of Conduct

Vipin Bharathan

Antitrust Policy found here.
Hyperledger Code of Conduct.

10 min Introductions: Welcome new members All
10 min#Derivhack and CDM :  report from October 16th and 17th

Vipin Bharathan Manivannan Pillai

ISDA DerivHack, 
5 minCash on ledger: spotlightSrinivasan Muralidharan
20 minStatus and plans from the project leads/interested members

Kirthi K kellycooper.2ds Srinivasan Muralidharan  Manivannan Pillai stanislav.liberman Vipin Bharathan

CMSIG-Projects  
RestAOB

Recordings:

Please skip initial 10 minutes for the meat of the presentations

Audio

Notes

  • AntiTrust Policy and Code of Conduct
  • All members on call at 10:05 introduced themselves details can be found under attendees
  • Vipin Bharathan introduced the concepts around CDM
  • Manivannan Pillai gave an presentation around CDM and concepts, mainly from the vantage of Swapshub efforts
    • How is CDM different from FpML-(uses XML) (uses JSON, generates composable products, events, focuses on off chain standards for hashing (CDM hash) so data can be made interoperable between chains and systems)
    • Ron Quaranta asked about the hash (which reveals that the transaction hash needs to conform to CDM standard),
    • Ron Quaranta also asked about whether any production systems adopted CDM. Manivannan Pillai responded that the Contractual Product is the most complete, but no production systems yet- However big organisations are members of ISDA (big banks-Barclays, BNP Paribas, JPM, Citi etc. DTCC, ISMA also participated in this effort)
    • Creates a background for on-chain storage of data (especially extraction of lineage)
    • Aids in legal arbitration and clear evidence about contracts for regulators and in case of dispute- allows easy access to this data
    • Briefly touched upon the status of digital assets trading, settlements and custody solution being built by Swapshub under CDM
    • Extension of CDM from Contractual products to other types of securities (Equities, credit products, FX etc.) currently only functions as underlying 
    • How standards help interoperability. 
    • Manivannan Pillai will share appropriate slides after a consultation with Vipin Bharathan
    • More detail can be found in recording.
  • We could not go into cash on ledger details but touched on the subject briefly
  • We went into status of existing projects; since most of the project owners were not present we went through several projects and Ron Quarantaexpressed interest put himself in as collaborator on a couple of projects, namely tokensisation and regulation. 
  • We need to discuss how to collaborate further on these.

Future talks

Ideas for upcoming talks, 

  1. Quantum computing for trade and post-trade
  2. The Semantic web and Capital Markets- Graph databases- what effects will they have on Capital markets


Action items