FIBO Foundations Content Team Mike Bennett EDM Council
FIBO™ Foundations Content Team Mike Bennett EDM Council ● November 10, 2015 Confidential
Agenda 1) 2) 3) 4) 5) 6) Open up the wiki with the currents weeks content Use Case reminder. Where are we on our road map. This weeks agenda. Go to JIRA. The days content discussion. – UML – Spreadsheet – Protégé Confidential EDM-Council/FIBO Foundations Content Team 2
FIBO™ Foundations Content Team Leaders name: Mike Bennett Title: Head of Semantics and Standards Organization: EDM Council The Team: Dennis. Pierson@mphasis. com, dave. mccomb@semanticarts. com, e. abilahoud@ucc. ie, Dmitry_Bogachev@otpp. com, abcoates@contakt. org, uschold@semanticarts. com, mtempler@gmail. com, Harsh. Sharma 1@ge. com, marina. severinovskaya@citi. com, Kevin. Tyson@jpmorgan. com, jacobus. geluk@bnymellon. com, dallemang@workingontologist. com, igor_ikonnikov@manulife. com, ljb@tahoeblue. com, bobbin@nomagic. com, koethe@88 solutions. com, James. phare@datatovalue. co. uk, nigel. higgs@datatovalue. co. uk, Kieran. Mc. Keown@hsbc. com, Malcolm. HYDE@uk. bnpparibas. com, Maxwell. Gillmore@anz. com, ian. maung@citi. com, david@dfrankelconsulting. com, jgemski@thegoldensource. com, William. Nichols@treasury. gov, david_wynter@yahoo. com, nehmer@oakland. edu, saharajib 2001@yahoo. com, JLuciano@gmail. com, garethjisaac@gmail. com, christofr. hasse@ubs. com, stephen. j. creek@citi. com, email@jamesodell. com, mccarthy@bus. msu. edu, wim. laurier@ugent. be, eric. e. cohen@us. pwc. com, aldrich. wright@citigroup. com, aldrichwright@hotmail. com, andrea. engelstad@semanticarts. com, skcreek@gmail. com, stephen. j. creek@citi. com, DMBlaszkowsky@State. Street. com, akeen@keenassoc. com, david. vunkannon@treasury. gov , maxwellrgillmore@gmail. com, teegs@earthlink. net, martin. east@credit-suisse. com, steven. n. scott@citi. com, Toby. Berla@fmr. com, jlogan@nomagic. com, ch. hasse@gmail. com, szymon. klarman@datatovalue. co. uk, rene. pietzsch@eccenca. com Confidential 9/7/2021 EDM-Council/FIBO Foundations Content Team
Wiki Confidential EDM-Council/FIBO Foundations Content Team 4
Use Cases and Foundations FCT Activities Sources Destinations FND FCT Red FIBO Last Known Good Legacy FIBO Placeholders Pink FIBO RFCs – FND Extensions Yellow FIBO EDMC JIRA OMG JIRA Confidential Clean Red FIBO FCTs EDM-Council/FIBO Foundations Content Team Green FIBO 5
Red v Pink - What We Do Lattice ext/snap etc. QUDV Platonic REA Relatives Quantities Units. And. Measures Measurement. Types Monetary. Measures Quantities. And. Units Currency. Amount Confidential EDM-Council/FIBO Foundations Content Team 6
FCTs Support • Each FCT needs to identify abstractions they need – Some exist in Green FND – Some are work for us to do • New Wiki page – https: //wiki. edmcouncil. org/display/FND/FI BO+Content+Team+Requirements+for+Fo undations • How / when to turn these into JIRA issues Confidential EDM-Council/FIBO Foundations Content Team 7
Use Cases • Occurrents including State concepts • Agreements and commitments • Unilateral Commitment for Product (Loans) • Control and Ownership restrictions – FND-45 Confidential EDM-Council/FIBO Foundations Content Team 8
Where are we on our roadmap? • Quantities and Units – Conceptual work done – OMG / Pink FIBO sub-set of these concepts delivered b Elisa – RDF/OWL still to be submitted into Git. Hub • Continuants and Occurrents – – • Conceptual work done Some now linked into legacy FIBO concepts Accrual schedules to be done Look at concepts needed for loans FCT Transactions – Dependent on Occurrent for the transaction workflow part of this – New abstractions (facet) available for framing of transaction, transaction workflow, transaction business event (incurring and discharging commitment) – Links to GL Accounts – initial draft in place • Ownership and Control – In progress Confidential EDM-Council/FIBO Foundations Content Team 9
This Week’s Agenda • JIRA Issues – Recent and triage • Agree change actions for individual JIRA issues – With reference to FND spec or FBC 6. 4 • Sumarize work on the modules that have combined JIRA issues on them – Ownership and control – Address – Relations etc. Confidential EDM-Council/FIBO Foundations Content Team 10
Recap since last meeting • JIRA issues triage • Substnaitial progress on the Ownership and Control changes as requested by the BE FCT – Not yet complete Confidential EDM-Council/FIBO Foundations Content Team 11
JIRA Triage • Ownership and Control JIRA issues – FND-45, 40, 8, 5 – FND-37 Litigation capacity • • • Confidential Documents and Records - 36 Addresses – 44, 39 (done), 34, 21 Organization – 38 People – 35, 30, 7, 27 Percentage – 29, 28 Quantities and Units, Monetary Amounts – 41, 32, 25, 24 Times and Dates – 19 Relations (domains and ranges) – 43, 42, 40, 20, 11 Buyer and Seller, Product etc. – 33 EDM-Council/FIBO Foundations Content Team 12
JIRA Issues Review Confidential EDM-Council/FIBO Foundations Content Team 13
Previous Homework • Ownership and Control • Confidential – Using Ownership as the base example – Remove the non working restrictions around ‘is. Played. By’ and reinstate the original meaning of that relation – Add links to capabilities and other social constructs that define what ownership and control confer upon you – Identified a number of very granular such capacities – Divided capabilities and capacities (what you can do versus what you are allowed to do) – Combinations of these will take care of shareholdings, beneficial ownership, controlling interests and so on See draft model in prototype environment – To be implemented in CCM EDM-Council/FIBO Foundations Content Team 14
Previous Homework • Review of Quantities changes in FBC RFC – Different to the earlier Quantities ontology we reviewed against Red FIBO improvements • some may be specific to Financial FBC (we expect them to be able to say more stuff in the FBC context) • some will be incompatible ways of representing the same truths (or may be wrong!) • we can identify what restrictions they may have introduced that deviate from the pure foundations • Comments / Observations Confidential EDM-Council/FIBO Foundations Content Team 15
More FBC Review Homework • Review of Products and Services changes in FBC RFC – See JIRA FND-47 • Relates to REA “Rd FIBO” remaining terms – MB to draft resolution – To include relevant REA concepts Confidential EDM-Council/FIBO Foundations Content Team 16
New Content for Review • What we have so far: Capacities – Beneficial ownership links to one such capacity – Then there is ownership with control - range over several capacities. – Having some of the rights to a thing. – Voting shares v economic shares. You don't own the company you have a share in the benefits of the company. Controlling shares. – Rights: even one share gives you a bit of those rights. Gives a clearer relation between the share and the rights you get from them (both on the owning and the controlling side). – Can also own rights to royalties and so on. • Confidential Will present OWL, definitions next week EDM-Council/FIBO Foundations Content Team 17
Next Meeting • We now meet weekly – FCT leads invited – Tuesday at 3 pm Eastern Time • Next call – Tuesday 10 Nov Confidential EDM-Council/FIBO Foundations Content Team 18
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