FIBO Content Team Loan FIBO Loan Content Team
FIBO™ Content Team : Loan FIBO Loan Content Team Meeting October 29, 2015 Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 1
Agenda • • • Welcome Announcements Where are we on our roadmap? JIRA Issue Review Recap and Update from last meeting Workgroup participant submittal New Final HMDA Rule Connections to the upper ontology Next meeting Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 2
Reminder and Important for New Participants • Wiki for meeting information and content! • https: //wiki. edmcouncil. org/display/LOA N/FCT-LOAN – People on this calendar distribution should have received an email inviting them to have access – Others should send a request to lynn. m. calahan@wellsfargo. com Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 3
Announcements/Objectives • Announcements—Dennis W. • Workgroup participant submittal on loan concepts – Objective: to understand the material from loan content team members and discuss know how and whether it can impact the loans ontology. • New Final HMDA Rule – Objective: Review key changes from the proposed rule, and ready the team for detailed review of an updated HMDA use case • Review upper ontology connections in Protégé – Objective: Understand proposed mappings to the upper ontology, and discuss appropriateness of the mapping for Loan concepts. Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 4
Roadmap 2015 Q 2 Activity Q 3 FIBOFND Non OMG FIBO Milestone 2016 Q 1 Q 4 FIBOFND v 2 OMG Revision TF (RTF) also for FBC FTF 2 Legal Persons, LEI Entities; Beta 2 Ownership and Control FIBO-BE Po. C Q 3 Q 2 Final vn For Loans, Sec, Der ? ? ? Final FIBO-BE v 2: Government, Jurisdiction Indices & Indicators Beta 2 FTF 2 Incorporate concepts in FBC Financial Business and Commerce RFC Public review OMG finalization Dry Run Derivatives Po. C IR Swaps Public RFC review FIBO-BE 2 FTF Final Securities and Equities Loans Common Q 4 Final RFC Public review OMG finalization Derivatives By Contract type; by underlying asset type RFC Final Public review Final OMG fina SKOS FIBO schema. org Confidential Other FIBO Components FIBO Market Data, CAE, Risk/Reporting FIBO Market Data, CAE, 5 Risk/Reporting FIBO Market Data, CAE, Risk/Reporting 5
JIRA Issue Tracking • See JIRA Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 6
Reminder: Loan Framework technical review A framework or “scaffolding” is being created to serve as the basis for Loan going forward. --we will “hang” HMDA and schema. org concepts on this scaffolding. We will re-review this content for the present team. In response to comments from last week, we will be reviewing the ontology in Protégé going forward. We will also be turning our attention back to our use cases and focusing on that content. Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 7
Workgroup participant submittal • Loan concepts in structure See Visio document Objective: to understand the material from loan content team members and discuss know how and whether it can impact the loans ontology. Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 8
Final HMDA Rule preparation • See spreadsheet • Objective: Review key changes from the proposed rule, and ready the team for detailed review of an updated HMDA use case Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 9
Loan Connection to Upper Ontology • See Protégé • Objective: Understand proposed mappings to the upper ontology, and discuss appropriateness of the mapping for Loan concepts. Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 10
Connecting to Existing FIBO Classes Different Outcomes • Found direct matching class • Found no match, recommending to FIBO team to add one or more classes. • In some cases, I added a temporary version that should migrate to more general FIBO ontology. • We are still not quite sure how to model the concept (e. g. Real. Estate) Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 11
Connecting to Existing FIBO Classes Loan Concept Asset Amount. Of. Money Real. Estate Catalog. Item Category Insurance. Type Content Address Event Party Agreement Contract. Term Obligation Offer Valuation Settlement Specification Loan. Reason Confidential 12/22/2021 Existing FIBO Concept fibo-fnd-oac-own: Asset, thing in role, must be owned. fibo-fnd-acc-cur: Monetary. Amount TODO: decided how to model this, as an Asset? as a Location? Rights? fibo-fbc-pas-fpas: Financial. Product skos: Concept not here yet, add my own. Add new FIBO subject for Insurance. use subclass, fibo-fnd-arr-doc: Document fibo-fnd-plc-adr: Address fibo-fnd-dt-oc: Occurrence fibo-fnd-pty: Independent. Party (label Party) fibo-fnd-agr: Agreement fibo-fnd-agr-ctr: Written. Contract (better: fibo-fbc-fi-fi: Cash. Instrument) Use Contract. Term. Set , Recommend add single Term. fibo-fnd-agr: Commitment Add temporary loan: fibo-pas-mfu-Offer subclass of fibo-fnd-agr: Commitment. At. Large Recommend add to FIBO, added temporary loan: fibo-alx-mfu-Measurement which is a superclass of Valuation and a subclass of oc: Occurrence Recommend add to FIBO, added temporary Settlement, and a subclass Loan. Settlement which may differ from other Settlements (e. g. an equity Trade). TODO: Open question whether this is desired. Subclass of what we map Category to. EDM-Council/FIBO Loan Content Team 12
Connecting to Existing FIBO Classes Example: • own: Asset – what used for collateral – superclass of Real. Estate • Lets have a look at some of these in Protege Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 13
Next Steps in LOAN • Continue review of the Loan connections to the upper ontology • Detailed review of Final HMDA use case and concepts for Loan Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 14
Next Meeting Agenda • Continue review of Loan scaffolding and associated content Logistics • Next Meeting for the entire Loans team (business and technical): – November 5 3: 30 -5: 00 Eastern Confidential 12/22/2021 EDM-Council/FIBO Loan Content Team 15
- Slides: 15