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Capture

illyfrancis edited this page Jul 22, 2013 · 20 revisions

Questions

  • What's the current business process?
    • for message capture
      • assumption is InfoM
    • manual process, via fax? receiving excel?
    • other than FpML what message format does the current process accept?
    • what securities/instruments/security types etc are being handled?
      • interest rate swap (IRD), CDS, CDX, CXT/CDT
      • what else?
  • Who's the domain expert?
  • Who's the business analyst? and can we have access?
  • How do the clients send the messages through? or how does it arrive at BBH?
    • assuming a message, how does it arrive at BBH incoming MQ?
      • via private network?
      • SWIFT network? (how does it work? Can InfoM explain?)
    • fax (in a form? letter? structured/unstructured?) -> manual input?
    • ftp? (what file types? Excel?)
  • Q for Infom - it is stated that the cost of adding a new FpML client is ~$60k. What effort goes into InfoM to support a new client?
    • Is it mainly the mapping exercise?
    • Is there a limit in the tools capability? or it's just manual intensive?
    • How are the message channels configured? or will be configured? Is it per client? per message type? or combination of both?
    • Q for biz - other than the cost, is there any other limitation with InfoM solution/approach? e.g. is the performance an issue?
  • What is a typical lifecycle of FpML transaction? create, novate, termination etc)?
    • Do we have FpML expert who can give an example using interest rate swap?
    • Is there an element/attrib in FpML message indicating the state?
      • i.e. given a message, how do we identify the state of the message? (create/novate/terminate etc)???
    • What happens now?
  • Will the business specify the BBH standard message

Parsers

???

Resume

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