FIBO Usage Scenarios OMG FDTF 20 June 2012

2 Copyright © 2010 EDM Council Inc. FIBO Applications FIBO Conventional Tech Semantic Web Repository Semantic Data Model Logical Data Model Physical Data Model MDR XLS Mapping Model Driven Development OWL Model Reasoners Linked Data Semantic Query Test Conventional Datastore

Business Usages FSB Usages – Counterparty Credit Exposure Reporting – Legal Entity Structural Analysis Ownership and control – “Prudential” Risks Microprudential risk Macroprudential risk Systemic risk – linkages across the system e.g. as exposed in derivatives trades Consider whether this also applies in payments Payments Traceability Map There is no discovery element or LEI component to payments Large payments go across Target 2 system in Europe

FSB details The Second Report: – “Linkages” – structural linkages Systemic risk linkages – Payments and trades traceability – Lineage

Payment Transactions – Linkages among the parties as a result of those transactions Is this a thing that’s reported on? Maybe. Large payments may introduce risk – Structural linkages Parent, global ultimate parent etc. – (hierarchy of ownership) Things we are taking about

What do we mean by this and is it what the business understands by it? – See e.g. Sarbox Section ?? On “something of earnings” traceability is very well defined. – Lineage of data wrt reports. Two concepts in play here: – Linkages as in business entities hierarchy (parents, subsidiaries; networks of ownership and control) – Linkages arising from transactions OTC derivatives counterparty exposure Payments – speculating whether systemic risk incurred by exposures in this context also Meanings

(e.g. in swap reporting and regulation) Data governance – Contribution of data to regulatory entities e.g. OFR Details

Legal Entity semantics and LEI supports reporting on entities, counterparties etc. – LEI: Unique identifier (“dumb number”) – Legal entity hierarchies Ownership Control LEI

Trade Repositories LEI Repository Trade Repository Ontology SPARQL Specify Multiple trades reported into Trade Repositories (TR) in multiple jurisdictions. Systemic risk requires an ability to query over all of these OTC Transaction Report LEI References Results