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RMS Update 1-14-04

RMS Update 1-14-04. What is the scope of Texas SET? Analyze the need for new transactions based upon market participants input Recommend & Implement Protocol Changes Control the publication and version management of TX SET documentation

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RMS Update 1-14-04

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  1. RMS Update 1-14-04

  2. What is the scope of Texas SET? • Analyze the need for new transactions based upon market participants input • Recommend & Implement Protocol Changes • Control the publication and version management of TX SET documentation • Design electronic transaction(s) based on business requirement(s) provided by RMS • Enhance and modify existing transaction(s) based upon market need • Participate in the National Standards Effort • Provide educational material to the market on proper use of TX SET transactions • Resolve Technical Standards Disputes/Issues • Coordination and participate in various RMS Working Groups and Task Forces

  3. Has SET been achieving its Scope? • Yes • Is there something additional outside of TX SET’s current scope that as a workgroup TX SET can address? • Recommend & Implement changes to current business practices and business processes • Analyze market (posed or potential) issue(s) • Organize findings on the issue • Plan and hold market meetings • Discuss findings with the market • Develop market consensus • Formalize recommendation(s) to RMS • Institute change(s)

  4. Nominations for TX SET leadership will be taken upon TX SET Chair’s email request • Next Meeting: January 20th & 21st • TX SET Elections • Continued discussion on TX SET procedures and scope • Additional Action Items

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