FIBO Foundations Content Team Mike Bennett EDM Council
FIBO™ Foundations Content Team Mike Bennett EDM Council ● January 26, 2016 Confidential
Agenda 1) 2) 3) 4) 5) 6) Confidential 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 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 9/11/2021 EDM-Council/FIBO Foundations Content Team
Wiki Confidential EDM-Council/FIBO Foundations Content Team 4
Use Case: 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 5
Non OMG FIBO Key Po. C Legacy Refactoring/ testing 2015 Q 2 Public review OMG finalization OMG Spec 2016 Q 3 Q 1 Q 4 OMG Revision TF (RTF) also for FBC FIBOFND FTF 2 Legal Persons, LEI Entities; Beta 2 Ownership and Control Q 3 Q 2 Q 4 RTF 2 For Loans, FIBOFND vn Sec, Der ? ? ? FIBO-BE Final FIBO-BE v 2: Government, Jurisdiction Indices & FTF 2 Incorporate Indicators Beta 2 concepts in FBC Financial Business and Commerce Final RFC Securities and Equities Loans Common FIBOBE 2 FTF RFC Final RFC Dry Run Derivatives Po. C IR Swaps RFC Final Derivatives By Contract type; by underlying asset type RFC SKOS FIBO schema. org Confidential Other FIBO Components FIBO Market Data, CAE, Risk/Reporting FIBO Market Data, CAE, 6 Risk/Reporting FIBO Market Data, CAE, Risk/Reporting 6
FCTs Support • • • Confidential Business Entities FBC IND Loans Securities / Equity / Debt EDM-Council/FIBO Foundations Content Team 7
BE Support • JIRA Issue Resolutions Needed: – See JIRA section Confidential EDM-Council/FIBO Foundations Content Team 8
FBC Support • JIRA issue(s) have been raised against the FBC submission material for FND – Payment Obligation etc. • First, baseline has to be implemented (current RTF ballots) • JIRA Issue Resolution(s) to be worked on from March Confidential EDM-Council/FIBO Foundations Content Team 9
Loans Support • See – https: //wiki. edmcouncil. org/display/LOAN/Recomm ended+Additions+to+Existing+FIBO+Ontologies • Loan Content slides at: – https: //wiki. edmcouncil. org/display/LOAN/Draft+Ov erview+of+Key+Loan+Concepts? preview=/255660 8/2556634/Loan%20 Concepts%20 Integrated. MU. pptx Confidential EDM-Council/FIBO Foundations Content Team 10
Use Cases: Red v Pink 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 11
Use Case: Red FIBO Anti-patterns • This is covered under Foundations although it embraces al Domains in FIBO – Corrections of OWL misuses and shortcuts – Addition of simple Restrictions • Overview of the ongoing plan for Antipatterns • Alignment (March / April) – and namespace considerations Confidential EDM-Council/FIBO Foundations Content Team 12
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 – RED FIBO content t be introduced piecemeal as required – See JIRA issue on FBC inconsistencies with this • Ownership and Control – Abstractions (Social Constructs) done – Control and Ownership alignment with these – See JIRA Issue Resolution Confidential EDM-Council/FIBO Foundations Content Team 13
This Week’s Agenda • JIRA Issues – Final state of triage for Feb 2016 • Review remaining change actions for individual JIRA issues • What next? – Loans Support – Completing the REA / Transactions stuff for Q 2 Confidential EDM-Council/FIBO Foundations Content Team 14
Recap since last meeting • Completed JIRA issues triage – – Confidential Elisa offered to do many of them Some for Mike to complete Mike will do VOM for those ones New JIRA issues to raise on written spec EDM-Council/FIBO Foundations Content Team 15
JIRA Triage and Actions • Elisa Only: – – – • FND-7 People - identity docs EK working on FND-11 ‘uses’ (should not have been closed) EK FND-21 identifies. Address EK along with 7. FND-30 Natural Person – this is on. EK will add the synonym in FND-51 FND-52 (Rate, Price) for IND – EK doing Elisa and Dean – FND-29 Percentage (Dean / Elisa) THIs CYCLE • Mike – FND-37 Litigation Capacity MB TO WRITE UP Check Legal Capacity +42 – FND-49 FND-50 FND-56 Money Amount / Monetary Amount MB PROP – As redline to FND-51 52 (OMG 20) VOM diagrams • Mike Draft – Elisa to Review – FND-39 Physical address • Elisa and Mike – FND-44 generic has. Address with 39. MB and EK to resolve Confidential EDM-Council/FIBO Foundations Content Team 16
New OMG JIRA Issues Required • For Written Specification – Front matter in the spec and update any references to UML, to be UML 2. 5 – Update the Conformance section – see FBC. – Include notation section – 6. 3 descriptions of table notation. Copy and paste 6. 3 notation into FND • (unless we already did) – Blanket issue for any tables not updated by the FBC submission. • Revise the about files – include the new ontologies – include reference to the issues that were resolved by the 1. 1 RTF Confidential EDM-Council/FIBO Foundations Content Team 17
JIRA Decisions Overview (last week) • Triage: ones we will do: – – – – Confidential FND-7 People - identity docs EK working on FND-09 Occurrence / Occurrence Kind (contentious) DEFER FND-11 ‘uses’ (should not have been closed) EK FND-19 Calendar Period (Kendall / Linehan) CLOSE NO CHANGE FND-21 identifies. Address EK along with 7. FND-27 Adult / minor jurisdiction DEFER FND-29 Percentage (Dean / Elisa) THIs CYCLE FND-30 Natural Person – this is on. EK will add the synonym in FND-33 buys. From etc. – dep on FND-47 DEFER FND-37 Litigation Capacity MB TO WRITE UP FND-39 Physical address FND-44 generic has. Address with 39. MB and EK to resolve FND-45 FND-42 (ownership and control) DEFER FND-46 Share in FND? Contention NO FND-49 FND-50 FND-56 Money Amount / Monetary Amount MB PROP FND-51 FND-52 (Rate, Price) for IND – EK doing EDM-Council/FIBO Foundations Content Team 18
JIRA Issue Resolution Reviews • FND-39 Physical Address – Done, sent to Elisa • FND-37 Litigation Capacity – prototype already agreed by the group – Follow up with DN on whether this is what he means • FND-49/50/56 (Monetary Amount and similar concepts) – Agreed in principle? • FND-44 has. Address – Proposals • NEW: FND-58 Definition of Commitment – Identify problem Confidential EDM-Council/FIBO Foundations Content Team 19
Homework • Issue Resolutions to complete • Tools to do this in: – VOM and Word • Who will do what? – MB will to the write-up docs for the ones we identified – MB VOM on some as identified – EK and DN to resolve % issue / datatypes – EK and MB meet Wednesday to finalize Confidential EDM-Council/FIBO Foundations Content Team 20
Next Meeting • We now meet weekly – FCT leads invited – Tuesday at 3 pm Eastern Time • Next call – Tuesday 2 Feb Confidential EDM-Council/FIBO Foundations Content Team 21
- Slides: 21