Minutes of the UBL Payments and Finance Subcommittee 09 August 2017 14:30UTC

["G. Ken Holman" <gkholman@CraneSoftwrights.com>]

Minutes of the UBL Payments and Finance Subcommittee 09 August 2017 14:30UTC

AGENDA:

1. Roll call
   - Kenneth Bengtsson
   - Todd Albers
   - Erlend Klakegg Bergheim
   - G. Ken Holman (secretary)

2. Outreach and liaisons with relevant workgroups
   - Todd
     - yesterday in-person vendor meeting forum at Credit Research Foundation
       conference
     - the need in the market for a standard for remittance advice
     - appetite to standardize a single format
     - BDXR introduced as a framework for e-delivery between access points
     - feedback very positive and supportive

3. Deliverables to the UBL TC and to UBL 2.3:
  a) Tradable invoice document
     - Kenneth posted a starting point:
       https://lists.oasis-open.org/archives/ubl-payfin/201708/msg00000.html
     - a working spreadsheet has been created:
       https://docs.google.com/spreadsheets/d/10pJVBV7Nvlgg2gPhQa90WOU4744Hvvyni-E-EOfuyFI/edit#gid=1452669417

  b) Blockchain
     - candidate role in tracking "the current owner" of an asset such as
       a tradeable invoice

  c) Identification of other Payfin work products
     - ACTION: - review existing UBL Remittance Advice against user 
requirements
                 and the Swift 20022
               - 
http://docs.oasis-open.org/ubl/os-UBL-2.1/mod/summary/reports/UBL-AllDocuments-2.1.html#Table_RemittanceAdvice

4. Meeting schedule
   - next meeting 23 August 2017

5. Any other business
   - none

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