Reduced attendance due to summer doldrums and hyperledger members meeting in Tokyo
Natalia Garcia volunteered as vice chair
Introductions:
Natalia Garcia is expert in bonds from the front office, mainly origination of corporate debt and financial institution debt. Also interested in settlement mechanisms and custody
Bobbi-learning materials working group- also announced Drummond Reed speaking about Identity this Friday
Mani- Founder of Swapshub, many years working with swaps & other derivatives (FpML etc.), Swapshub is also member of ISDA and working on extending work to Hard Wallets, digital custody, Data Standards
Stan - CME group, research and construction of solutions.
Murali- Fabric maintainer, heavily involved in solution for custody, already well versed in technology, looking to expand into business and CM expertise.
Vipin - dlt.nyc chair of ID Working Group and now interim chair of CMSIG (did not state during call)
Project review
Vipin presented taxonomy of types of securities drawn using gliffy. Challenges of the tool (including inserting links and popups)
Second aspect of taxonomy is lifecycle, an example through the use of a diagram from a Oliver Wyman & Euroclear document was presented, seen in the Taxonomy website, Natalia Garciareminded us that the origination part was missing. Another aspect was the fact of multiple ledgers, we got into a debate about virtual ledgers versus multiple networks for different products and hence interoperability. Instead of following standards there, companies may be developing their own standards (like clearmatics for stablecoin approaches)- mani pillai.
Stanislav Liberman said that use cases could also have a taxonomy and he will start on something soon.
Action items
Vipin Bharathan will play around with gliffy to introduce links and or popups to give more details on the securities., before the next meeting