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start [2019/04/03 23:01]
mikehypercube April Monthly Update Call
start [2019/10/02 01:41] (current)
mikehypercube Sept QM Report slides and Monthly Update slides
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===== Quarterly Meetings ===== ===== Quarterly Meetings =====
 +
 +==== September 2019 ====
 +
 +{{:finance-report-nas-2019.ppt|FDTF Plenary Report}}
 +
 +==== June 2019 ====
 +
 +{{:finance-report-ams-2019.ppt|FDTF Plenary Report}}
==== March 2019 ==== ==== March 2019 ====
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===== Latest Monthly Updates ===== ===== Latest Monthly Updates =====
 +
 +Monthly Update Call for September 2019 - {{:20190911_fdtf-fibo_status_update_v0.1.pptx|Slides}}
 +
 +Monthly Update Call for August 2019 - {{:20190807_fdtf-fibo_status_update_v0.1.pptx|Slides}}
 +
 +Monthly Update Call for July 2019 - {{:20190703_fdtf-fibo_status_update_v0.1.pptx|Slides}}
 +
 +Monthly Update Call for June 2019 - {{:20190605_fdtf-fibo_status_update_v0.1.pptx|Slides}}
 +
 +Monthly Update Call for May 2019 - {{:20190508_fdtf-fibo_status_update_v0.1.pptx|Slides}}
Monthly Update Call for April 2019 - {{:20190403_fdtf-fibo_status_update_v0.2.pptx|Slides}} Monthly Update Call for April 2019 - {{:20190403_fdtf-fibo_status_update_v0.2.pptx|Slides}}
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===== FDTF Distributed Ledger Technology (DLT) Working Group ===== ===== FDTF Distributed Ledger Technology (DLT) Working Group =====
-The Distributed Ledger Technology Working Group (DLT-WG) has been superseded by the creation of a Blockchain Platform Special Interest GRoup (Blockchain PSIG) in December 2018. The new Blockchain PSIG takes on the activities of the earlier FDTF DLT WG, as described below. This incldues the ongoing Proof of Concept activity for semantics and FIBO usage. +==== New Blockchain PSIG Formed ==== 
 + 
 +The Distributed Ledger Technology Working Group (DLT-WG) has been superseded by the creation of a Blockchain Platform Special Interest Group (Blockchain PSIG) in December 2018. The new Blockchain PSIG takes on the activities of the earlier FDTF DLT WG, as described below. This includes the ongoing Proof of Concept activity for semantics and FIBO usage.
Please see https://www.omgwiki.org/bc-psig/doku.php?id=start for this. Please see https://www.omgwiki.org/bc-psig/doku.php?id=start for this.
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Please click through to the [[Blockchain-WG-Page]] for archive of DLT-WG meeting notes. Please click through to the [[Blockchain-WG-Page]] for archive of DLT-WG meeting notes.
 +===== FIBO v2 =====
-===== FIBO v1 Status =====+The latest FIBO content will be maintained in the FIBO v2 Specification. This covers all components of FIBO and is intended to replace the earlier FIBO v1 specifications which were published per FIBO Domain (subject area).
-For FIBO RFCs which are in the "Finalization" phase please refer to the OMG [[http://www.omg.org/hot-topics/finance.htm|"Hot Topics"]] page for Financial Services Standards.+FIBO v2 is currently under a Finalization Task Force, scheduled to report in September 2019.
-For FIBO RFCs which are out for public comment (alongside other OMG specifications) please refer to the OMG [[http://www.omg.org/public_schedule/|"Seeking Input"]] page. +FIBO v2 maintains backwards compatibility with the FIBO v1 Specifications.  
 + 
 +===== FIBO v1 ===== 
 + 
 +The FIBO v1 standards are maintained at their current state and will not be further updated.  
 + 
 +For FIBO v1 and v2 RFCs please refer to the OMG [[http://www.omg.org/hot-topics/finance.htm|"Hot Topics"]] page for Financial Services Standards.
==== FIBO Foundations ==== ==== FIBO Foundations ====
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[[http://www.omg.org/spec/EDMC-FIBO/FND/Current|FIBO Foundations Current Version]] [[http://www.omg.org/spec/EDMC-FIBO/FND/Current|FIBO Foundations Current Version]]
- 
=== Scope === === Scope ===
FIBO Foundations covers the basic semantic abstractions needed to support the forthcoming FIBO Business Entities specification and will be further updated to provide the semantic abstractions needed for securities, derivatives, loan etc. going forward. This initial specification also describes the technical architecture of the whole FIBO suite of standards, and describes the requirements for conformance with the specification. FIBO Foundations covers the basic semantic abstractions needed to support the forthcoming FIBO Business Entities specification and will be further updated to provide the semantic abstractions needed for securities, derivatives, loan etc. going forward. This initial specification also describes the technical architecture of the whole FIBO suite of standards, and describes the requirements for conformance with the specification.
 +The written specifications contain diagrams and tabular reports of the model content, while the OWL files are intended to be read using an OWL editor such as Protégé.
-==== FIBO Business Entities ====+==== FIBO Financial Business and Commerce (FBC) ====
-FIBO Business Entities is now in the "Finalization2" Phase at the OMG. This means that it has passed the vote for submission (December 2013) and the vote for Adoption (March 2014) and was taken on by a Finalization Task Force (FTF) at the OMG which has delivered the Beta2 version for further work by a second Finalization Task force (FTF2). The FIBO-BE FTF2 is expected to complete its work in March 2016. +The most current version of FIBO-FBC can be found at the following link:
-The most current version of FIBO-BE can be found at the following link: +[[https://www.omg.org/spec/EDMC-FIBO/FBC/Current|FIBO-FBC Current Version]]
-[[http://www.omg.org/spec/EDMC-FIBO/BE/Current|FIBO-BE Current Version]]+=== Scope ===
-At present this will be the Beta2 version.+FIBO FBC covers concepts common to many or all financial ontologies, such as debt and interest terms.
-The written specification contains diagrams and tabular reports of the model content, while the OWL files are intended to be read using an OWL editor such as Protégé. + 
 +==== FIBO Business Entities ==== 
 + 
 +The most current version of FIBO-BE can be found at the following link:  
 + 
 +[[http://www.omg.org/spec/EDMC-FIBO/BE/Current|FIBO-BE Current Version]]
=== Scope === === Scope ===
FIBO Business Entities covers legal persons, types of business entity (both incorporated and non incorporated), and relationships of control and ownership between such entities. FIBO Business Entities covers legal persons, types of business entity (both incorporated and non incorporated), and relationships of control and ownership between such entities.
- 
==== FIBO Indices and Indicators ==== ==== FIBO Indices and Indicators ====
-The FIBO Indices and Indicators specification had its first reading in June 2014 and was voted and approved for submission. It passed the second reading in September 2014 and a Finalization Task Force has been chartered. The FTF is expected to complete its work in June 2016.+The most current version of FIBO-IND can be found at the following link:
[[http://www.omg.org/spec/EDMC-FIBO/IND/Current|FIBO Indices and Indicators Current Version]] [[http://www.omg.org/spec/EDMC-FIBO/IND/Current|FIBO Indices and Indicators Current Version]]
- 
-At present this should be the Beta2 version. 
- 
-Consequent to the vote, the specification was open for public comments until 18 August 2014. A finalization Task Force dealt with some remaining open issues and has delivered a Beta2 version, which is the most current version. It is now in the hands of a second Finalization Task Force (FTF2) which is scheduled to report in March 2016. 
=== Scope === === Scope ===
FIBO Indices and Indicators covers market indices, market interest rates, economic indicators and so on. The current submission does not include indices which are derived from securities (such as the S&P500) since these have a dependency on securities models. FIBO Indices and Indicators covers market indices, market interest rates, economic indicators and so on. The current submission does not include indices which are derived from securities (such as the S&P500) since these have a dependency on securities models.
 +
 +===== Other FIBO Content Status =====
==== FIBO Securities Common Concepts and Equities ==== ==== FIBO Securities Common Concepts and Equities ====
-Work is getting under way on the FIBO specification(s) for financial instrument common terms including listed equities. This is the first of the workstreams being piloted by a "FIBO Content Team" (FCT) in line with the new FIBO ecosystem and development process. +This work is included in FIBO v2.
=== Scope === === Scope ===
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==== FIBO Loans ==== ==== FIBO Loans ====
-Work on Loans began with a "soft start" in September 2014 in Austin and has been making great progress. An initial submission is expected in March or June 2016.+Work on Loans began with a "soft start" in September 2014 in Austin. This content will be delivered as part of the FIBO v2 specification at a future version.
==== FIBO Derivatives ==== ==== FIBO Derivatives ====
-Work will begin shortly on Derivatives. This will build on the successful proof of concept activity carried out in conjunction with State Street in 2015, which focused on interest rate swaps.+Work is under way on Derivatives. This will build on the successful proof of concept activity carried out in conjunction with State Street in 2015, which focused on interest rate swaps.
-==== FIB Debt / Bonds ====+==== FIBO Debt / Bonds ====
-Work will begin shortly on bonds and debt common terms. A FIBO Content Team is being assembled and is expected to begin work imminently.+Work has been carried out on bonds and debt common terms.
===== Earlier Draft Specifications ===== ===== Earlier Draft Specifications =====
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Here are the {{:presentation_on_fibo_semantics_initiative_january_2012.pptx|latest slides}} on the Derivatives Proof of Concept activities. Here are the {{:presentation_on_fibo_semantics_initiative_january_2012.pptx|latest slides}} on the Derivatives Proof of Concept activities.
-===== Workstreams =====+===== FIBO Workstreams =====
-There are three initial streams of work associated with the development of the standard +FIBO work is carried out within the EDM Councili prior to being submitted to the OMG via the Finance Domain Task Force. This is because FIBO follos the "Request for Comments" (RFC) process for validation of existing industry standards.
-  * [[Content Completion and Verification]]   +
-  * [[Technical Modeling Framework]]   +
-  * [[Shared Semantics]] Treatments (technical mechanisms for namespace alignment) +
-  * [[Business Shared Semantics]] (namespace alignment - separate tracks of alignment with semantics of specific standards and ontologies)+
-The other activities that need to be managed +Please see https://spec.edmcouncil.org for full details and working groups.
-  * [[Standards Documentation]] (this is now managed in the first of the two weekly Workstream slots) +
-  * [[Storage, Access, Distribution and Version Control]] +
-  * [[Governance and Decision Making Processes]] +
-  * [[Positioning and Communication]] +
-Formal project plans and clear definition of deliverables will be developed for each approved stream of work.+
**[[Meeting Presentations and Notes]]** **[[Meeting Presentations and Notes]]**
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**Contact Information** **Contact Information**
  * Logistics Contact: Carole Mahoney +44 208 399 7189 <cmahoney@edmcouncil.org>   * Logistics Contact: Carole Mahoney +44 208 399 7189 <cmahoney@edmcouncil.org>
-  * Semantics Repository: Mike Bennett + 44 7721 420 730 <mbennett@edmcouncil.org> +  * OMG Financial Domain Task Force: Mike Bennett + 44 7721 420 730 <mbennett@edmcouncil.org> 
- * OMG Financial Domain Task Force: Dr. Harsh W. Sharma, <harsh.w.sharma@citigroup.com> +848 391 9355+
 
start.1554332498.txt.gz · Last modified: 2019/04/03 23:01 by mikehypercube
 
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