OMG Central Bank Digital Currency (OMG-CBDC) Working Group (WG) Wiki

h. Preface

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:19:56-0400

h. Preface return to Front Matter This document is a response by the Object Management Group's (OMG) CBDC WG to a [ White Paper] published by the U.S. Federal Reserve (The Fed) on Money, and Payments: The U.S. Dollar in the Age of Digital Transformation. Goals Return to Top of Preface The OMG's CBDC WG's goals in responding to the White Paper are: Provide the Federal Reserve direct response to the 22 questions posed in the

b. Legal Responsibility

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:19:44-0400

b. Legal Responsibility return to Front Matter 1 Disclaimer Return to Top All content, including, without limitation, any software, provided on the OMG website is provided “as is”. OMG makes no representations or warranties, express or implied including, but not limited to warranties of merchantability, fitness for a particular purpose, and non-infringement with respect to the content of this website, except to the extent that such disclaimers are held to be legally invalid.

a. Cover Page

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:19:30-0400

a. Cover Page

e. Copyright Notice

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:19:16-0400

return to Front Matter e. Copyright Notice return to Front Matter Copyright 2021 Object Management Group, Inc. Creative Commons License This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

d. Abstract

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:18:57-0400

d. Abstract return to Front Matter Members of the Object Management Group's (OMG) CBDC Working Group (WG) have produced a response to the Federal Reserve's White Paper “ Money, and Payments: The U.S. Dollar in the Age of Digital Transformation”. The White Paper was divided into two main sections: Discussion of a Central Bank Digital Currency (CBDC), and specific questions about the potential of a U.S. CBDC. The questions were further categorized into two main areas: CBDC Benefits, Risks, an…

g. About Content Providers

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:18:42-0400

g. About Content Providers return to Front Matter About the Authors Return to Top Discussion Paper Photo Name Company Bio R. W. “Nick” Stavros, BS, MS, Ph.D. Jackrabbit Consulting Nick is the primary author of the OMG response to the Federal Reserve White Paper

OMG's CBDC Working Group's Response to Federal Reserve Discussion Paper

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:17:14-0400

OMG's CBDC Working Group's Response to Federal Reserve Discussion Paper View this document in the WIKI OR Download the [ OMG CBDC WG Responses to Federal Reserve Questions.pdf] Disclaimer This paper presents a discussion of technology issues considered in a Subgroup of the Object Management Group. The contents of this paper are presented to foster wider discussion on this topic; the content of this paper is not an adopted standard of any kind. This paper does not represent the official …

cbdc:public:cbdc_omg:omg_cbdc_wg_responses_to_federal_reserve_questions.pdf - created

terrance (terrance@undisclosed.example.com) — 2022-06-17T22:15:32-0400

Appendix D: Model-Based Systems Engineering (MBSE)

terrance (terrance@undisclosed.example.com) — 2022-06-17T21:57:11-0400

Appendix D: Model-Based Systems Engineering (MBSE) Return to Appendices Introduction For more than forty years, the practice of systems engineering followed a linear path: requirements are documented first, followed by analysis, and then conceptual design, a process repeated through the development life cycle. However, regardless of the engineering process employed—waterfall, incremental, iterative, spiral, and even sprint-based — the lack of integration from one phase to another in the…

Appendix C: Other Transaction Authority (OTA)

terrance (terrance@undisclosed.example.com) — 2022-06-17T21:56:10-0400

Appendix C: Other Transaction Authority (OTA) Return to Appendices Overview Return to Top Other Transaction Authority (OTA) is the authority of a US Agency to use Other Transactions (OTs). Once the agency has OTA, it can establish an Other Transaction Agreement (OTA) The two terms are often incorrectly used synonymously.

Appendix B: Glossary

terrance (terrance@undisclosed.example.com) — 2022-06-17T19:50:09-0400

Appendix B: Glossary Return to Appendices Note: If you need a definition of terms not found within this Glossary, please refer to the OMG DIDO-RA Glossary.Note: You can add new questions here * Central Bank Digital Currency (CBDC) * Central Bank Money * Commercial Bank Money * Consumer Privacy * Financial Crimes * Identity-verified * Intermediated Model * Nonbank Money * Privacy-Protected * Real-Time Payments (RTP) * Transferable Add a new term Return to Top Create a G…

III. Appendices

terrance (terrance@undisclosed.example.com) — 2022-06-17T19:49:34-0400

III. Appendices OMG's CBDC WG Responses to Federal Reserve Discussion Paper * Appendix A: Acronyms * Appendix B: Glossary * Appendix C: Other Transaction Authority (OTA) * Appendix D: Model-Based Systems Engineering (MBSE)

Appendix A: Acronyms

terrance (terrance@undisclosed.example.com) — 2022-06-17T19:49:00-0400

Appendix A: Acronyms Return to Appendices Acronym Expansion ACH Automated Clearing House AI Artificial Intelligence AMF Autorité des marchés financiers AML Anti-Money Laundering API Application Programming Interface BaFin

cbdc:public:cbdc_omg:omg_responses_to_federal_reserve_questions.pdf - created

terrance (terrance@undisclosed.example.com) — 2022-06-14T16:14:26-0400

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nick (nick@undisclosed.example.com) — 2022-05-18T15:16:13-0400

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nick (nick@undisclosed.example.com) — 2022-05-18T01:33:52-0400

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nick (nick@undisclosed.example.com) — 2022-05-18T01:23:18-0400

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nick (nick@undisclosed.example.com) — 2022-05-17T19:11:20-0400

cbdc:public:cbdc_omg:world_in_a_single_chart.pdf - created

nick (nick@undisclosed.example.com) — 2022-05-17T13:15:18-0400