OMG Finance Domain Task Force (FDTF) Monthly Status/review call Wednesday September 3rd 2014

FIBO Development Process Agenda FIBO Status Status of Current Activities FIBO Foundations FTF FIBO Specification status overview Roadmap and next steps Austin FDTF Meeting FIBO Development Process

We propose to charter an FTF2 in Austin 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 Deferred issues Revisit Ownership and Control (new issue to cover) Testing! Finish in December

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

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

FDTF Austin Agenda Preview Tuesday 16 September 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

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 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

{ Current Roadmap FIBO Content Teams 2013 2014 2015 Q4 Q1 Q2 Q3 Q4 Q1 Foundations Public review OMG finalization TF (FTF) FTF2 OMG Revision TF (RTF) Final Beta2 Business Entities Public review OMG finalization TF (FTF) OMG Revision TF (RTF) Final Indices & Indicators Public review OMG finalization { Final Securities Common and Equities Public review OMG finalization Final FIBO Content Teams Loans common Industry review OMG finalization Derivatives Industry review OMG finalization Other FIBO Components FIBO Market Data, CAE, Risk/Reporting FIBO Market Data, CAE, Risk/Reporting FIBO Market Data, CAE, Risk/Reporting

FIBO Development Process Dennis Wisnosky

Appendix 1: FIBO Content and Status

FIBO Development Scenario - 1 Product Semantics (Reference Data) Domain Sub-Domain Class Dependency OMG Substantive Model Initial Foundations X Business Entities Indices and Indicators Common Concepts (all Instruments) Debt Common Debt Terms Listed Securities Bonds Equities Loans Derivatives OTC Derivatives Rate Based Dependent on Indices Credit Default Dependent on Common Concepts for Loans, Common Debt Terms and Indices/Indicators Foreign Exchange (FIBO 1.0) Major Milestones Phase 1 Phase 2 Phase 3 Phase 4 4/4/2019 OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled © 2014 EDMC FIBO

FIBO Development Scenario - 2 Product Semantics (Reference Data) Domain Sub-Domain Class Dependency OMG Substantive Model Initial Loans Mortgage X Listed Securities Debt Securities Structured Finance Dependent on Bonds and Mortgage Money Markets Includes Repo, Treasury, Government, Agency, Tax-Free, etc. Derivatives OTC Derivatives Asset Based Derivatives Dependent on Equities, Bonds and Common Debt Terms Commodity Contracts for Difference Collective Investment Vehicles Dependent on Listed Instruments, Derivatives and Indices Exchange Traded Other General Purpose, Construction, Student, Miscellaneous Rights and Warrants Dependent on Common Concepts for all Instruments Phase 5 Phase 6 Phase 7 OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled 4/4/2019 © 2014 EDMC FIBO

FIBO Development Scenario - 3 Time and Date Semantics Domain Sub-Domain Class Dependency OMG Substantive Model Initial Common Terms Temporal Component X Equity Pricing Debt Temporal Terms Debt Pricing and Yields Debt Analytics Debt Pool Analytics Collective Investment Vehicles Loans Trading Status Credit Credit Rating Credit Status Future Phase OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled 4/4/2019 © 2014 EDMC FIBO

FIBO Development Scenario - 4 Process Related Semantics Domain Sub-Domain Class Scope OMG Substantive Model Initial Corporate Actions and Events X Securities Issuance Common Issuance Terms Equity Issuance IPO, Other Equity Issue Processes, Primary Market Debt/ Issuance Auction, Syndication, Other Issuance Processes Asset-Backed / Issuance Agency Non-Agency Securities Transactions Trade, Post-Trade, Clearing, Settlement OTC Derivatives Transactions See OTC Derivatives Terms Payments Processing Portfolio and Holdings Positions and Holding Terms Future Phase OMG = in RDF/OWL; Beta = Model Reviewed by SMEs; Model = Modeled in Enterprise Architect; Initial = Not Yet Modeled 4/4/2019 © 2014 EDMC FIBO