Financial Services DTF wiki

address_semantics

Anonymous (anonymous@undisclosed.example.com) — 2012-02-07T15:49:45-0400

Address Semantics We really expected to find a definitive ontology for address concepts. However, we have also generalized the concept of 'address' to a more abstract level than most such ontologies would have it, so it's likely the framework we develop here is one in which existing address ontologies may be situated.

blockchain-wg-page

Anonymous (anonymous@undisclosed.example.com) — 2018-11-27T12:48:22-0400

OMG FDTF Distributed Ledger Technology (DLT) Working Group This slide deck (from the September OMG FDTF meetings in Ottawa) gives a summary of the activities of the group to date, along with detail of the ongoing Proof of Concept: [September 2018 WLT WG Report and PoC Summary] Working Documents

business_shared_semantics

Anonymous (anonymous@undisclosed.example.com) — 2012-02-07T15:41:01-0400

Business Shared Semantics This is the page for the various shared semantics activities relating the actual business semantics. The track labeled as “Shared Semantics” turned into more of a track on the technical treatments of this in the FIBO modeling framework, which was needed for the FIBO

content_changes

Anonymous (anonymous@undisclosed.example.com) — 2012-05-20T20:43:02-0400

Model Content Changes For the May 2012 Submission. Back to start Working List: Resolution info in CAPITALS "Business" as a type of relative entity: OK already in, did we miss anything? Sole Trader DONE mismatch with “Formal Organization” in that it is not constituted and has no members, so is not an organization:

content_completion_and_verification

Anonymous (anonymous@undisclosed.example.com) — 2011-08-13T10:48:30-0400

Content Completion and Verification work stream Team Leads: Mike Bennett, EDMC Back to start Status of Work The content of the existing Semantics Repository (which is to be refactored and submitted as the FIBO Standard ontologies) is in the following state:

digitalcurrency

Anonymous (anonymous@undisclosed.example.com) — 2021-05-10T14:49:36-0400

DIGITAL CURRENCY Topics: What is 'money'How you can codify something that is currency Money as: Unit of exchange Store of value Kinds / variables: Token v Account basedUses of currency? Things like community currenciescentral bankBank specific currency

documentation_workstream

Anonymous (anonymous@undisclosed.example.com) — 2012-08-10T11:36:05-0400

Documentation Workstream The Thursday “Workstream” sessions now cover documentation work for the FIBO RFC specification documents, and the annotation metadata completion works. Back to start Session Notes Latest Notes: [Review session 26 July on Conformance section changes]Previous notes:[Review session notes 24 May on document errata][17 May Conformance Points notes] [26 April session notes][19 April session notes] Draft RFC Specification

fdtf_rfc_work_in_progress

Anonymous (anonymous@undisclosed.example.com) — 2011-12-01T11:57:09-0400

RFC Work in Progress Return to start The RFC specification was submitted into the OMG process in order to give people a chance to look at it as soon as possible. A number of key aspects of the specification remain “Work In Progress” and will need to be completed before a final version of this

fibo

Anonymous (anonymous@undisclosed.example.com) — 2021-02-09T16:36:21-0400

Back to start Financial Industry Business Ontology (FIBO) The Financial Industry Business Otology (FIBO) is the OMG Finance Domain Task Force's flagship ontology of financial industry terms, concepts and definitions. FIBO is originated and maintained by the Enterprise Data Management Council and has been submitted to the

fibospecificationautomation

Anonymous (anonymous@undisclosed.example.com) — 2019-09-13T14:37:41-0400

FIBO v2 Specification Automation Back to start This page is for meeting notes, actions etc. relating to the FIBO version 2 automation. This supplements a similar wiki page maintained by the EDM Council (requires EDM Council access, available on request).

governance_and_decision_making_processes

Anonymous (anonymous@undisclosed.example.com) — 2011-08-13T10:51:42-0400

Governance and Decision Making Processes Team Leads: Back to start Status of Work Process proposals for content-specific standards are being worked on by the relevant OMG authorities. We will then create a specific instance of this process for the management of the FIBO ontology materials, taking in

legal_semantics

Anonymous (anonymous@undisclosed.example.com) — 2012-02-07T15:45:05-0400

Legal Semantics We still haven't found a definitive ontology, particularly for contractual terms and the high level legal primitives. Most semantics work out there seems to deal with judgement and precedent type of issues. We had one informal semantics review session to flesh out some of the top level concepts here. Here are

major_events

Anonymous (anonymous@undisclosed.example.com) — 2011-08-13T10:56:37-0400

Major Events Back to start March 22nd-23rd 2011, Towards a Sustainable, Data Standards Driven Approach to Financial Reform, Washington DC, USAOctober 13 2011 - New York Meeting (details to follow)

meeting_notes

Anonymous (anonymous@undisclosed.example.com) — 2011-04-19T23:29:48-0400

Meeting Notes

meeting_presentations_and_notes

Anonymous (anonymous@undisclosed.example.com) — 2011-10-05T12:36:48-0400

Meeting Presentations and Notes Page for access to all meeting notes and other presentations. Note that there is a monthly presentation on progress, and weekly sessions for Workstreams 2 and 3, each with notes. Notes for the Workstreams sessiosn are on the pages for each Workstream.

moneysupplyissues

Anonymous (anonymous@undisclosed.example.com) — 2021-04-20T15:31:17-0400

Money Supply Issues Monetary supply (physical) circulating in the economy versus money in a bank account (available for bank to loan out as well as for me to withdraw); interest bearingFractional reserve banking (ability to stretch / expand) as you don't need to supply money for all of whats on the books at one time.

monthly_update_calls

Anonymous (anonymous@undisclosed.example.com) — 2021-02-09T16:26:39-0400

Back to start Monthly Updates Monthly Update Call for December 2020 - [Slides] Monthly Update Call for November 2020 - [Slides] Monthly Update Call for October 2020 - [Slides] Monthly Update Call for September 2020 - [Slides] Monthly Update Call for August 2020 - [Slides] Monthly Update Call for July 2020 -

notes20160809

Anonymous (anonymous@undisclosed.example.com) — 2016-10-25T12:48:12-0400

Conference Call Notes 09 August 2016 MB sums up 26 July actions Subhankar: Some of the future things will depend significantly on the technology of choice. The kind f smart contrat we can write today i ne.g Ethereum - some of the sophistication of that is not feasible in Hyperleger.

notes20160816

Anonymous (anonymous@undisclosed.example.com) — 2016-10-25T12:47:24-0400

Conference Call Notes 16 August 2016 Actions from last time: Select a sample contract for the PoC PR: What would determine how we select a suitable example for this? Possible areas: - OTC Derivatives - Securities - primary market (issuance and securitization)

notes20160906

Anonymous (anonymous@undisclosed.example.com) — 2016-10-25T12:46:28-0400

Conference Call Notes 6 September 2016 Feedback IR Swaps - already something under way in R3. CB to take a look, give an update on that. Various PoCs announced on syndicated loans and others as well as IR Swaps. LT also aware or IR derivatives PoC.

notes20160927

Anonymous (anonymous@undisclosed.example.com) — 2016-10-25T12:50:48-0400

Conferecce Call Notes 27 September R3 terminology - Blockchain as Bitcoin DL. R3 announcement Do Bond OTC as our 2nd PoC Use case or focus on IR Swaps first? Will attract more people by having the simplest example first (Bonds OTC trading) Can we get FIX involved in this?

notes20161011

Anonymous (anonymous@undisclosed.example.com) — 2016-10-25T12:53:21-0400

Conference Call Notes 11 October Issues from last week's call 1.The need to bring other SMEs into this group - some confusion in that some would think FIBO is already meant to be complete, need to ensure they are aware that this is an ongoing process.

notes20161018

Anonymous (anonymous@undisclosed.example.com) — 2016-10-25T12:57:17-0400

Conference Call Notes 18 October Decisions What goes on the DL? Options are: The Agreement The Commitment Both Proposal: Should be the Agreement since that involves both Commitments and it makes no sense to have one without the other Counter-proposal...

notes20161025

Anonymous (anonymous@undisclosed.example.com) — 2016-11-01T10:14:54-0400

Conference Call Notes 25 October Summary This week we went through the slide deck that Mike presented to the Open Financial Data Group the previous week, by way of a summary of where we are. We also focused in on the question “What kind of thing can be posted to a distributed Ledger?” The answer is, any of the kinds of thing that be stored in a database. AS with any solution, performance considerations should be kept in mind. In any case the DL is not a “ledger” in the sense of being postings…

notes20161213

Anonymous (anonymous@undisclosed.example.com) — 2017-01-03T12:23:50-0400

Conference Call Notes 13 December Links: Article (product): Blog about this: Discussion Plan or taking the PoC forward Update the process model into BPMN Ingest the real FIBO for DER Plan for how this woul be carried forward to code. How to generate the code from the busiess model

notes20170124

Anonymous (anonymous@undisclosed.example.com) — 2017-01-31T13:26:04-0400

Call Notes 24 January 2017 Chat Log Lars Toomre (to Everyone): 1:12 PM: Here is an interesting article about DTCC Credit Derivative DLT Pilot Lars Toomre (to Everyone): 1:37 PM: This is link to interest rate swaps in BPMN I think IR Swaps Process

noteschicago

Anonymous (anonymous@undisclosed.example.com) — 2016-10-25T12:44:35-0400

Workshop at OMG FDTF Chicago We worked through the process elements of a Vanilla IR swap. Attached are two deliverables from this: a hand drawn diagram on the fkip chart [flip chart] and an [MqgicDraw UML Activity Diagram model] - you will need to unzip the latter locally. We discussed these on the most recent Blockchain WG call on 20 September (no separate notes). Agreed action was to complete the UML model in line with the flip chart details and then start adding links to the data elem…

positioning_and_communication

Anonymous (anonymous@undisclosed.example.com) — 2011-08-13T10:52:19-0400

Positioning and Communication Team Leads: Back to start

quarterly_meetings

Anonymous (anonymous@undisclosed.example.com) — 2021-02-09T16:24:40-0400

Back to start Quarterly Meetings September 2020 [FDTF Plenary Report Virtual (Q3)] June 2020 [FDTF Plenary Report Virtual (Q2)] March 2020 [FDTF Plenary Report Virtual Reston] December 2019 [FDTF Plenary Report Long Beach] September 2019 [FDTF Plenary Report Nashville] June 2019 [FDTF Plenary Report Amsterdam] March 2019 [FDTF Plenary Report Reston] Dec 2018 FIBO v2 Approved for Adoption See link on main OMG site at FIBO v2 RFC Specification Page

randomnewpage

Anonymous (anonymous@undisclosed.example.com) — 2011-07-14T10:06:15-0400

To create a new page you create a link to it as though it existed, and then navigate. Bit existential but there you go.

references

Anonymous (anonymous@undisclosed.example.com) — 2021-07-13T13:12:43-0400

References Some interesting references and further reading on the nature of money in general and on the specifics of digital currencies, included but not limited to cryptocurrencies. NOTE: We may later replace or enhance this with the approach to term, abbreviations and references being set out by the

shared_semantics

Anonymous (anonymous@undisclosed.example.com) — 2012-02-07T15:12:36-0400

Shared Semantics Workstream Summary There are broadly two sets of activities under the banner of “Shared Semantics”: The technical treatments for the Shared Semantics framework in the Global Terms sections of FIBO (technical OMG work)Individual streams of semantic alignment activities among business specialists.

standards_documentation

Anonymous (anonymous@undisclosed.example.com) — 2011-08-13T10:58:04-0400

Standards Documentation Team Leads: Mike Bennett (Editor) Back to start

start

Anonymous (anonymous@undisclosed.example.com) — 2023-09-01T11:31:23-0400

OMG Finance Sector Domain Task Force (FSDTF) (Formerly: Financial Domain Task Force) Semantic Models and Other Specifications for the Financial Sector In response to the 2007-09 financial crisis, the U.S. Congress passed the Dodd-Frank Act. In 2022, Congress also passed the Financial Data Transparency Act. Both bills required, along with a number of financial agency regulations and administrative actions, expanded and embedded the use of financial standards by both financial institutions and…

storage_access_distribution_and_version_control

Anonymous (anonymous@undisclosed.example.com) — 2011-08-13T10:57:10-0400

Storage, Access, Distribution and Version Control Team Leads: Back to start

technical_modeling_framework

Anonymous (anonymous@undisclosed.example.com) — 2012-08-09T13:07:58-0400

Technical Modeling Framework This workstream deals with all technical aspects of the FIBO standardization. This is covered in two sets of activities: Immediate term: Develop the metamodel for the standardized FIBO ontology;Longer term: Overall ecosystem of modeling notations for semantics, business rules, process etc.

thursday_18_august

Anonymous (anonymous@undisclosed.example.com) — 2011-08-23T18:17:06-0400

Session Notes Thursday 18 August Back to Shared Semantics OWL versus UML Packages MB reiterates: no dependency between UML Packages and OWL Ontologies Some questions: Is the UML Package to be part of the published standard? Would hope that we standaridize in a series of specifications those things that are relevant to FIBO, and that these are standardized independently so that they can evolve independently.

transaction_shared_semantics

Anonymous (anonymous@undisclosed.example.com) — 2012-02-07T15:39:41-0400

Transaction Shared Semantics Back to Business Shared SemanticsAcross to Shared Semantics technical treatments Welcome to the Transactions Shared Semantics page. This is maintained by a small group which meets monthly - others are welcome to join, but to avoid spamming people we only invited those who responded to the initial diary call. Please mail Mike Bennett if you would like to join in.

ws2_thursday_01_sept

Anonymous (anonymous@undisclosed.example.com) — 2011-09-02T11:42:31-0400

Detailed Rolling Notes Thursday 01 Sept Back to Technical Modeling Framework The main aim of this and the next coule of sessions is to identify what metadata we need, define a structure of metaterms, and define exactly how to render these as OWL Annotation Properties, in the UML version of the FIBO model, using the agreed base class within ODM. Today we look at some of the metadata itself.

ws2_thursday_03_november

Anonymous (anonymous@undisclosed.example.com) — 2011-11-24T18:37:50-0400

WS2 Working Notes 03 November Back to Technical Modeling Framework Back to start Overview This week we looked a new suggestion of using Named Graphs as a mechanism for the Shared Semantics work. See next week 10 November for detailed treatment of this. Pre-Session Changes Overview

ws2_thursday_06_october

Anonymous (anonymous@undisclosed.example.com) — 2011-10-13T12:51:09-0400

WS2 Session Notes 06 October Back to start Back to Technical Modeling Framework This week we looked at what is the optimum way to model the new and existing metadata constructs as OWL Annotation Properties. We had previously concluded we will use the UML base class of Association Class to render these.

ws2_thursday_08_sept

Anonymous (anonymous@undisclosed.example.com) — 2011-09-08T15:51:23-0400

WS2 Rolling Notes 08 September 2011 Back to Technical Modeling Framework Agenda Metadata requirementsImplementation of those as OWL Annotation PropertiesImplementation of those OWL Annotation Properties in our FIBO extended ODM framework. Detail What annotation properties do we want?

ws2_thursday_10_november

Anonymous (anonymous@undisclosed.example.com) — 2011-11-24T18:56:28-0400

WS2 Working Notes 10 November Back to Technical Modeling Framework Back to start Overview We mainly looked at what would be the metadata requirements and implementation to support the Shared Semantics metadata as identified in the WS3 sessions. Most of this week's work can be found in the

ws2_thursday_13_october

Anonymous (anonymous@undisclosed.example.com) — 2011-10-18T08:54:06-0400

Workstream 2 Session Notes 13 October Back to Technical Modeling Framework Back to start Overview Elisa demonstrated the DC and SKOS material in ODM on MagicDraw. Discussed profile questions Profiles The new EA Profile from Sparx: Decisions to make: Whether to work with our existing material and migrate to the decisions we made. Whether to import the Sparx version and

ws2_thursday_17_november

Anonymous (anonymous@undisclosed.example.com) — 2011-11-28T10:00:21-0400

WS2 Working Notes 17 November Back to Technical Modeling Framework Back to start Overview Discussed the remaining issues for the technical aspects of the standard. These will be changes to be made to the final version of the RFC. Detailed Notes Named Graphs We will not use this approach in this release.

ws2_thursday_18_august

Anonymous (anonymous@undisclosed.example.com) — 2011-09-02T11:39:35-0400

Workstream Session 2 Notes Thursday 18 August Back to Technical Modeling Framework Annotation Properties Can be quite expressive. Reasoners ignore them. Can do whatever you can do with another kind of property in OWL Can create hierarchies Can specify Domain and Range of these

ws2_thursday_20_october

Anonymous (anonymous@undisclosed.example.com) — 2011-11-03T10:27:00-0400

WS2 Working Note 20 October Back to Technical Modeling Framework Back to start Cross references DC Source can refer to a Resource. Examples: Bibliographic resource for Standard Reference to the individual element Reference to entries within enumerations Conclusions: We need a model of kinds of sources. Reference to places within the document or a definition within the document.

ws2_thursday_27_october

Anonymous (anonymous@undisclosed.example.com) — 2011-11-03T10:44:07-0400

WS2 Working Notes 27 Oct Back to Technical Modeling Framework Back to start Rendering Annotations Discussed how we would render the OWL Annotation Properties for the metadata, as ODM constructs in the UML model environment. Notes in Options Model How we use Annotation Property

ws2_thursday_29_september

Anonymous (anonymous@undisclosed.example.com) — 2011-10-10T07:46:28-0400

WS2 Session Notes Thursday 29 September Back to Technical Modeling Framework Back to start Additional Metadata as OWL Annotation Properties Discussion on this topic covers two distinct sets of decisions to be made: What metadata? How to render the OWL Annotation Properties for this metadata, in FIBO

ws3_thursday_01_september

Anonymous (anonymous@undisclosed.example.com) — 2011-09-02T11:45:56-0400

Session Notes 1 September 2011 Back to Shared Semantics REA Normative version? Not found. MB asked Bill MacCarthy about this in February, and Bill pointed me to Frederik Gailly's work. I've downloaded this but it appears to be an RDF resource with no OWL Object Properties. We looked at this on screen and there is a set of classes, and some individuals of these classes.

ws3_thursday_03_november

Anonymous (anonymous@undisclosed.example.com) — 2011-11-24T18:29:09-0400

WS3 Shared Semantics Working Notes 03 November Back to Shared Semantics Back to start Overview This was a fairly technical session. Looked at metadata for semantics provenance (term and definition origin) by extending terms from Dublin Core and SKOS. Spent some time updating the working document

ws3_thursday_06_october

Anonymous (anonymous@undisclosed.example.com) — 2011-10-13T12:45:49-0400

WS3 Session Notes 6 Oct Back to start Back to Shared Semantics Geo Ontology Geo Ontology Imports diagram Demonstrated cross reference using the OWL equivalentClass construct. The Law of Demeter Boston Uni, 1990s Class library rule of thumb that controlled visibility.

ws3_thursday_08_september

Anonymous (anonymous@undisclosed.example.com) — 2011-09-08T15:59:44-0400

WS3 Rolling Notes Thursday 08 September 2011 back to Shared Semantics Agenda REA Ontology - definitive one?Review existing REA terms against the slidesThe interface between REA and XBRL concepts Progress (Rob) Email sent to Bill MacCarthy and Guido Geerts - references ISO 15944 and REA OWL Ontology - what other references we should be looking at.

ws3_thursday_10_november

Anonymous (anonymous@undisclosed.example.com) — 2011-11-24T18:07:17-0400

WS3 Shared Semantics Working Notes 10 November Back to Shared Semantics Back to start Overview See also the working document [Named Graphs] This week we went through the proposals to be able to implement parts of external ontologies by way of an RDF construct called “Named Graphs

ws3_thursday_13_october

Anonymous (anonymous@undisclosed.example.com) — 2011-10-18T08:44:04-0400

Workstream 3 Working Notes 13 Oct Back to Shared Semantics Back to start REA Terms Terms Cross Referencing between OWL and UML Discussed how to cross reference terms. In REA the normative version of the model is a UML model (reference correspondence from Bill McCarthy). Note that this is in a section of an ISO standard ISO 15944-4 and is therefore potentially subject to copyright. Agreed that the copyright issue needs to be looked at, since we want to find a publicly accessible but normativ…

ws3_thursday_17_november

Anonymous (anonymous@undisclosed.example.com) — 2011-11-24T19:13:22-0400

WS3 Shared Semantics Working Notes 17 November Back to Shared Semantics Back to start RFC Comments We started the session with a quick overview of the RFC that was posted on Monday per the 4 week deadline. There remain a number of things to be done before the RFC is in its final state, but due to the 4 week rule we posted the

ws3_thursday_18_august

Anonymous (anonymous@undisclosed.example.com) — 2011-09-02T11:36:35-0400

Workstream Session 2 Notes thursday 18 August Back to Technical Modeling Framework Annotation Properties Can be quite expressive. Reasoners ignore them. Can do whatever you can do with another kind of property in OWL Can create hierarchies Can specify Domain and Range of these

ws3_thursday_20_october

Anonymous (anonymous@undisclosed.example.com) — 2011-11-03T11:16:39-0400

WS3 Shared Semantics Working Notes 20 October Back to Shared Semantics Back to start Overview Went over highlights of the IAOA/Ontolog session on standards and ontology integration. Looked at a new Legal ontologyDiscussed implementation of cross reference using SKOS Match information.

ws3_thursday_27_october

Anonymous (anonymous@undisclosed.example.com) — 2011-11-03T11:21:35-0400

WS3 Shared Semantics Working Notes 27 October Back to Shared Semantics Back to start REA SKOS match requires SKOS Concept at both ends. That means that our OWL constructs must also be formally identified as SKOS Concept as well as being OWL Classes. Consensus: Proposals: Make all our concepts sub-classes of SKOS Concept. If we wan tto use SKOS Match. Can do this at the top of the Ontology.

ws3_thursday_29_september

Anonymous (anonymous@undisclosed.example.com) — 2011-10-05T10:30:43-0400

WS3 notes Thursday 29 September Back to Shared Semantics Back to start This week we went through a number of different scenarios in which we may want to cross reference terms in FIBO to those in normative external standards. Will have “Treatments” for each of a number of scenarios: