Abstract
The Calogero type matrix discretization scheme is applied to constructing the Lax type integrable discretizations of one wide enough class of nonlinear integrable dynamical systems on functional manifolds. Their Lie-algebraic structure and complete integrability related with co-adjoint orbits on the Markov co-algebras is discussed. It is shown that a set of conservation laws and the associated Poisson structure ensue as a byproduct of the approach devised. Based on the Lie algebras quasi-representation property the limiting procedure of finding the nonlinear dynamical systems on the corresponding functional spaces is demonstrated.
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