JEAN BAPTISTE ZIADE CorporateActionEnrichment_FRAGMOS

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[JBZ-Fragmos]

Background :

• agreed with DPBE : CDM Derivatives Products and Business Events Working Group - November 6th, 2024 #3210 :
• this particular PR is part of a list of multiple other PRs, referred to in DPBE minutes as "wish list" submitted to the group

Target :
merge any agreed components into Dev, before next major release that will incorporate such changes into Prod

[manel-martos]

Hi @JBZ-Fragmos ,

Adding my comments as discussed during today's DPBE and also part of the reviews we talked back in December.

We observe the contribution extends the CorporateAction model. We think these additions improve flexibility but we have identified areas requiring further clarification and action to maintain compatibility and compliance.

The removal of the underlier attribute from the CorporateAction type does not affect event qualification logic or the downstream DRR processes. This adjustment has been discussed and accepted at the relevant Working Groups.

On the removal of the PositionEventIntentEnum -> Transfer, the DRR model as a consumer needs a clear justification or an alternative solution (e.g. Substitution). This value plays a role in reporting early termination events at the position level. It is essential to clarify how such scenarios should now be addressed and ensure that the model remains compliant with these regulatory jurisdictions.

To finalize this contribution, please resolve any existing conflicts and share the release notes.

Thanks.

[JBZ-Fragmos]

Hi @manuel ***@***.***> Thanks for your feedback To clarify the proposal, with the hope this will answer your questions, I have not removed the Enum value "transfer" I have just renamed it to "novation" - please see below, when comparing prior version to new version after changes, you can see that description for "novation" dully correspond to prior name of the value as "transfer" Honestly that is not a critical point, so if really a blocker then I can move it back to "transfer", but in my view, the best name for designating "a transfer of the position to another clearing member" is "novation" - hence proposal for renaming Let me know if find as it is given my explanation, or if you still have an issue on this point Kind regards JB From: Manel Martos ***@***.***> Sent: Wednesday, January 15, 2025 7:14 PM To: finos/common-domain-model ***@***.***> Cc: Jean-Baptiste Ziadé ***@***.***>; Mention ***@***.***> Subject: Re: [finos/common-domain-model] JEAN BAPTISTE ZIADE CorporateActionEnrichment_FRAGMOS (PR #3220) Hi @JBZ-Fragmos<https://github.com/JBZ-Fragmos> , Adding my comments as discussed during today's DPBE and also part of the reviews we talked back in December. We observe the contribution extends the CorporateAction model. We think these additions improve flexibility but we have identified areas requiring further clarification and action to maintain compatibility and compliance. The removal of the underlier attribute from the CorporateAction type does not affect event qualification logic or the downstream DRR processes. This adjustment has been discussed and accepted at the relevant Working Groups. On the removal of the PositionEventIntentEnum -> Transfer, the DRR model as a consumer needs a clear justification or an alternative solution (e.g. Substitution). This value plays a role in reporting early termination events at the position level. It is essential to clarify how such scenarios should now be addressed and ensure that the model remains compliant with these regulatory jurisdictions. To finalize this contribution, please resolve any existing conflicts and share the release notes<https://cdm.finos.org/docs/contribution#release-note>. Thanks. - Reply to this email directly, view it on GitHub<#3220 (comment)>, or unsubscribe<https://github.com/notifications/unsubscribe-auth/AWFL2POKH2QEXEHCF6CYA3D2K2QPTAVCNFSM6AAAAABRIQQ5H2VHI2DSMVQWIX3LMV43OSLTON2WKQ3PNVWWK3TUHMZDKOJTGYZTMNZVGU>. You are receiving this because you were mentioned.Message ID: ***@***.******@***.***>>

[JBZ-Fragmos]

same with screenshot Hi @manuel ***@***.***> Thanks for your feedback To clarify the proposal, with the hope this will answer your questions, I have not removed the Enum value "transfer" I have just renamed it to "novation" - please see below, when comparing prior version to new version after changes, you can see that description for "novation" dully correspond to prior name of the value as "transfer" ***@***.*** Honestly that is not a critical point, so if really a blocker then I can move it back to "transfer", but in my view, the best name for designating "a transfer of the position to another clearing member" is "novation" - hence proposal for renaming Let me know if find as it is given my explanation, or if you still have an issue on this point Kind regards JB From: Manel Martos ***@***.******@***.***>> Sent: Wednesday, January 15, 2025 7:14 PM To: finos/common-domain-model ***@***.******@***.***>> Cc: Jean-Baptiste Ziadé ***@***.******@***.***>>; Mention ***@***.******@***.***>> Subject: Re: [finos/common-domain-model] JEAN BAPTISTE ZIADE CorporateActionEnrichment_FRAGMOS (PR #3220) Hi @JBZ-Fragmos<https://github.com/JBZ-Fragmos> , Adding my comments as discussed during today's DPBE and also part of the reviews we talked back in December. We observe the contribution extends the CorporateAction model. We think these additions improve flexibility but we have identified areas requiring further clarification and action to maintain compatibility and compliance. The removal of the underlier attribute from the CorporateAction type does not affect event qualification logic or the downstream DRR processes. This adjustment has been discussed and accepted at the relevant Working Groups. On the removal of the PositionEventIntentEnum -> Transfer, the DRR model as a consumer needs a clear justification or an alternative solution (e.g. Substitution). This value plays a role in reporting early termination events at the position level. It is essential to clarify how such scenarios should now be addressed and ensure that the model remains compliant with these regulatory jurisdictions. To finalize this contribution, please resolve any existing conflicts and share the release notes<https://cdm.finos.org/docs/contribution#release-note>. Thanks. - Reply to this email directly, view it on GitHub<#3220 (comment)>, or unsubscribe<https://github.com/notifications/unsubscribe-auth/AWFL2POKH2QEXEHCF6CYA3D2K2QPTAVCNFSM6AAAAABRIQQ5H2VHI2DSMVQWIX3LMV43OSLTON2WKQ3PNVWWK3TUHMZDKOJTGYZTMNZVGU>. You are receiving this because you were mentioned.Message ID: ***@***.******@***.***>>

[manel-martos]

I have just renamed it to "novation"

@JBZ-Fragmos - we'll ask to a DRR positions SMEs to clarify this change specifically since it'll require a consumer upgrade and come back.

[JBZ-Fragmos]

[like] Jean-Baptiste Ziadé reacted to your message:

…

________________________________ From: Manel Martos ***@***.***> Sent: Thursday, January 16, 2025 12:06:23 PM To: finos/common-domain-model ***@***.***> Cc: Jean-Baptiste Ziadé ***@***.***>; Mention ***@***.***> Subject: Re: [finos/common-domain-model] JEAN BAPTISTE ZIADE CorporateActionEnrichment_FRAGMOS (PR #3220) I have just renamed it to "novation" @JBZ-Fragmos<https://github.com/JBZ-Fragmos> - we'll ask to a DRR positions SMEs to clarify this change specifically since it'll require a consumer upgrade and come back. — Reply to this email directly, view it on GitHub<#3220 (comment)>, or unsubscribe<https://github.com/notifications/unsubscribe-auth/AWFL2PNG7IMC4VMODOZHIQD2K6OD7AVCNFSM6AAAAABRIQQ5H2VHI2DSMVQWIX3LMV43OSLTON2WKQ3PNVWWK3TUHMZDKOJVGM2TINBSGY>. You are receiving this because you were mentioned.Message ID: ***@***.***>

[manel-martos]

@JBZ-Fragmos, the DRR consumer member has also accepted the term "Novation" instead of "Transfer" so it shouldn't prevent the contribution once ready under CDM latest version. Thanks!

[JBZ-Fragmos]

@manel-martos thanks to you, for the review and the feedback

[JBZ-Fragmos]

replaced by #3366

that is mostly same content, refactored under Prod version