Transcript EDM Council / Object Management Group Semantic Standards

OMG Finance Domain Task Force
(FDTF)
Monthly Status/review call
Wednesday September 3rd 2014
Agenda
• FIBO Status
– Status of Current Activities
• FIBO Foundations FTF
• FIBO Specification status overview
– Roadmap and next steps
• Austin FDTF Meeting
• FIBO Development Process
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FIBO FTF Status
• FTF Report published
– Updated report filed today with minor corrections
• We propose to charter an FTF2 in Austin
– Have published FIBO Foundations Beta2 as a
“Convenience” document
• baseline rather than a “Final” Spec
• Allows us to complete more formal tests
• FTF2 Activities
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–
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Deferred issues
Revisit Ownership and Control (new issue to cover)
Testing!
Finish in December
3
FIBO Specifications Status Overview
• FIBO Foundations
– FTF report filed, some issues deferred to FTF2
– FTF2 chartering Sept 2014
• FIBO Business Entities
– Approved for Finalization (March 2014)
– FTF chartered, awaiting Beta 1 spec (still!)
– Completion scheduled for Dec 2014
• FIBO Indices and Indicators
– Submitted June 2014
– Public commenting period ended 18 August – no issues raised
– Second reading September at Austin
• FIBO Securities Common and Equities
– FIBO Content Team in place under Richard Beatch (Bloomberg)
– Progress on the OMG migration process
– Identified required additions to Foundations, BE
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FIBO Conceptual Ontologies
(Lattice etc.)
• Lattice and other high level abstractions
– Provide the conceptual “glue” for business meaning
– Few practical applications would use directly
– To be maintained in separate EDM Council namespace
• Maintained in RDF/OWL alongside other conceptual nuances
• RDF/OWL Coming soon…
– For reference not reasoning
• Initial OMG specifications
– Reflect but not include a variant of these patterns
• Ownership and Control: simpler “associative” relations added
• Other model elements remain as seen
• Future OMG submissions may include this material
– Scoping is determined by the FCT
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FDTF Austin Agenda Preview
• Tuesday 16 September
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FIBO Indices and Indicators 2nd Reading
FIBO Foundations FTF status report
Dennis Wisnosky – Introduction to the FIBO Ecosystem
Richard Beatch (Bloomberg): Overview of the Securities and Equities FIBO
Content Team activities
Richard and Elisa: RFP / RFC Preview for FIBO Securities and Equities
Dean / Jacobus: Overview of the technical infrastructure for FIBO Build / Test /
Deploy (of possible interest to others)
NoMagic: Demonstration of business conceptual modeling capabilities for
FIBO SME Reviews
Adaptive demonstration of business facing views
Nourredine Yous (ANNA): Alignment of OMG and ISIN identification standards
• Wednesday 17 September
– See next slide
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FDTF Austin Agenda Preview
•
Wednesday 17 September
– am: Finance Domain Task Force
• From June FDTF Report
– Discuss support for data policy (per June initial session)
– Terminology and Rules support
• FIBO Conceptual Modeling:
– Continue the conversation on conceptual ontology modeling principles from June
– Updates on shared semantics / externality requirements
– pm: FIBO Potential Submitters Meeting
• New FCTs “Soft Start” (scoping, preparation etc.)
– FIBO Loans (Common Terms)
– FIBO Derivatives (Common Terms)
• SME and Externality Review Activities
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In person SME facing sessions – hands on with tools
SME Review: tooling assessment, look at the Loans / Derivatives content
Externality Reviews
–
covers external AND FIBO Specs we want to augment, and reference to conceptual material FIBO that
doesn’t need to be in an OMG spec
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Current Roadmap
2013
ness Entities
Q4
2014
Q1
Public
review
Q2
2015
Q3
OMG finalization TF
(FTF)
Public
review
Q1
Q4
FTF2
Beta2
OMG finalization TF
(FTF)
Indices &
Indicators
{
Public
review
Final
OMG Revision TF
(RTF)
Final
OMG Revision TF
(RTF)
OMG finalization
Securities Common and Equities
FIBO
Content
Teams
Q2
Final
Public
review
OMG finalizatio
Loans common
Industry
review
Derivatives
Industry
review
OMG
OMG
Other FIBO Components
FIBO Market Data, CAE, Risk/Rep
FIBO Market Data, CAE, Risk/Re
FIBO Market Data, CAE, Risk/
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FIBO Development Process
• Dennis Wisnosky
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Appendix 1: FIBO Content and Status
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FIBO Development Scenario - 1
Product Semantics (Reference Data)
Domain
Sub-Domain
Class
Dependency
(all Instruments)
X
Common Debt
Terms
X
Phase 2
Bonds
X
Equities
X
(FIBO 1.0) Major Milestones
Listed Securities
Derivatives
Common Concepts
X
Common Concepts
X
Phase 3
Loans
Dependent on Indices
Credit Default
Dependent on Common Concepts for
Loans, Common Debt Terms and
Indices/Indicators
OTC Derivatives
4/28/2020
OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled
X
Foreign
Exchange
X
Phase 4
Rate Based
X
Derivatives
Initial
X
Indices and
Indicators
Debt
Model
X
Business Entities
Common Concepts
Subst
antive
X
Phase 1
Foundations
OMG
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© 2014 EDMC FIBO
FIBO Development Scenario - 2
Product Semantics (Reference Data)
Structured
Finance
Dependent on Bonds and Mortgage
Money Markets
Includes Repo, Treasury, Government,
Agency, Tax-Free, etc.
Asset Based
Derivatives
Dependent on Equities, Bonds and
Common Debt Terms
X
Mortgage
Debt Securities
OTC Derivatives
Commodity
Other
General Purpose, Construction, Student, Miscellaneous
X
Dependent on Common Concepts for all
Instruments
X
Rights and
Warrants
Exchange Traded
X
Phase 7
Loans
Dependent on Listed Instruments,
Derivatives and Indices
X
Collective
Investment
Vehicles
X
Contracts for
Difference
Derivatives
Initial
X
Phase 6
Derivatives
Model
X
Phase 5
Listed Securities
Substa
ntive
Dependency
X
Loans
Sub-Domain
OMG
Class
X
Domain
OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled
4/28/2020
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© 2014 EDMC FIBO
FIBO Development Scenario - 3
Time and Date Semantics
Domain
Class
Dependency
OMG
Subst
antive
Temporal Component
Debt Pricing and Yields
X
Debt Analytics
X
Debt Pool Analytics
X
Collective
Investment
Vehicles
X
Future Phase
Debt Temporal
Terms
Initial
X
Equity Pricing
Model
X
Common Terms
Sub-Domain
X
Loans
X
Trading Status
Credit Rating
X
Credit Status
X
Credit
OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled
4/28/2020
©
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MC
FIB
FIBO Development Scenario - 4
Process Related Semantics
Domain
Sub-Domain
Class
Scope
OMG
Substa
ntive
X
Common Issuance Terms
IPO, Other Equity Issue Processes,
Primary Market
Debt/ Issuance
Auction, Syndication, Other Issuance
Processes
Agency
X
Non-Agency
X
Trade, Post-Trade, Clearing, Settlement
OTC Derivatives
Transactions
See OTC Derivatives Terms
X
Securities
Transactions
X
Future Phase
Asset-Backed /
Issuance
X
Equity Issuance
X
Securities Issuance
X
Payments
Processing
Positions and Holding Terms
X
Portfolio and
Holdings
Initial
X
Corporate Actions
and Events
Mode
l
OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled
4/28/2020
© 2014 EDMC FIBO
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