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11 November 2008 , from 9:30 to 16:00
European Central Bank, Commerzbank Building, room CB09, 60311 Frankfurt
Paolo Carabelli (the Chairman) will address some introductory remarks to the newly established T2S Message standardisation Subgroup and will invite the Subgroup to agree on the agenda for the meeting. A tour de table will follow to give each member of the Subgroup the possibility to introduce themselves. They will be invited to indicate other item(s) for discussion, if any.
2.1 Mandate of the Subgroup on T2S Message Standardisation 09:45 - 10:30
The chairman will present the mandate of the Subgroup on T2S Message Standardisation as created by the meeting of the Advisory Group on 9 and 10 October 2009 . He will report on the topics of relevance for the Subgroup that were discussed during the meeting. The subgroup will be presented with an overall timeline for the project and its deliverables for which its contributions are expected. The members of the Subgroup will have the possibility to discuss the mandate and to propose adjustments.
Coffee break 10:30 - 10:45
2.2 Overview on the work on T2S message specification and registration
a. Gap analysis 10:45 - 11:45
A 3CBplus representative will explain the approach chosen for performing the gap analysis on messages and will give an overview of the results already available. The members of the Subgroup will be invited to provide feedback on the assumptions taken. The members will also be invited to raise issues they have already identified on the basis of the background documents provided in advance. Nevertheless, they will have the possibility to send comments after the meeting, within two weeks.
b. Proposal for the documentation on T2S related messages 11:45 - 12:15
The Subgroup will be provided with a high-level presentation on the message specification format in view of the UDFS to be published at the end of 2009. The members of the Subgroup will be invited to express their view on the proposed approach. The purpose of the discussion is to identify the level of details required by market participants in view of the later implementation of messages, and the most useful way to present this information. After the meeting, the members of the Subgroup will have the opportunity to provide comments in writing until end-November.
Lunch break (buffet) 12:15 - 13:15
c. ISO registration and Message specification 13:15 - 14:00
The Subgroup will be briefly introduced to the ISO 20022 standards, and will then be presented with the working methodology adopted, namely the two work-streams (message specification and ISO registration) for T2S related messages. The goal is to have a common understanding of the two work-streams in the Subgroup. The members of the Subgroup will be invited to provide their comments on it.
d. Pilot testing of T2S related messages 14:00 - 14:30
The Subgroup will be presented with the "pilot testing" of T2S related messages, with a particular focus on elements of direct interest to the members (scope, pre-requisites, involvement of T2S stakeholders, timing). A discussion will follow, whereby the members of the Subgroup will be invited to express their view on the envisaged approach, and to tentatively indicate their general interest in participating in the "pilot testing". As a follow-up of the meeting it is expected that the market participants represented in the Subgroup take a definitive position on their participation, by end-November.
2.3 Overall planning and work of the Subgroup 14:30 - 15:15
Further to the general timeline presented under item 1.1, the Subgroup will be presented in more details with the milestones and deliverables of the work on T2S message specification and registration for the next 12 months, with a particular focus on the actual deliverables for the coming 6 months, indicating where and when the contributions of the members of the Subgroup are expected. The chairman will then make proposals on how to organise the work/meetings, as well as the decision-making process and its practicalities (written procedures, acceptable deadlines for distribution of documents and feedback).
Coffee break 15:15 - 15:30
Members of the Advisory Group are invited to raise any other issues that need to be settled during this meeting, if any. The chairman of the Subgroup will give a wrap-up of the meeting, and will summarise the way forward in view of the reporting to the next AG, due to take place on 25 Nov. 2008 .
