1. EDM Council / Object Management Group Semantic Standards Workstream Definitions and Objectives April 20, 2011

2. Operating Assumptions 1.The initial goal is the development and adoption of the semantic standard for both financial instruments and legal entities 2.There are three initial streams of work associated with the development of the standard Content Completion and Verification Technical Modeling Framework Shared Semantics (namespace alignment) 3.The other activities that need to be managed Standards Documentation Storage, Access, Distribution and Version Control Governance and Decision Making Processes Positioning and Communication 4.Formal project plans and clear definition of deliverables will be developed for each approved stream of work

3. Content Completion Goal: Completion of the content associated with the financial instrument and legal entity standards Success Criteria: Industry consensus on common terms, definitions and business relationships associated with all financial contracts Current Status: Work has been underway since 2007 in collaboration with industry subject matter experts. Covers all instrument classes, loans and business entities. Includes reference data, pricing and analytics Participant Profile: Business subject matter experts and analysts Semantics Repository: www.hypercube.co.uk/edmcouncilwww.hypercube.co.uk/edmcouncil

4. Technical Modeling Framework Goal: Update and formalize the underlying metamodel for the Semantics Repository to promote interoperability Success Criteria: When it is possible to import the entire Semantics Repository content into other tools Current Status: Developed in Enterprise Architect UML (version 1.1.15) and viewable via the web as spreadsheets and diagrams Participant Profile: Modeling experts, UML experts, semantic technologists Future: Broader framework for aligning semantics, rules, terminology standards and notations

5. Shared Semantics Goal: Identification and evaluation of shared semantic models to avoid duplication of efforts and eliminate ambiguity Success Criteria: When all non-financial instrument/entity terms are traceable to a term owned by an industry/academic body and traceable to a relevant URI Current Status: Informal investigation Participant Profile: Domain experts with experience in semantics

6. Other Activities to Manage Documentation and maintenance agreements Storage, access, distribution, navigation and version control (including migration to formal metadata repository) Governance and decision making processes associated with the standards Positioning, naming of standard (i.e. Financial Instrument Semantic Standard) and communication Industry adoption and alignment with regulatory reporting objectives Training and certification (once standard is adopted via the OMG mechanism)

7. Initial Logistics Working Meetings: conducted via GoToMeeting and facilitated by the EDM Council Group Meetings: Until agreement is reached on workstreams, deliverables and timeframes Workstream Meetings: Weekly via GoToMeeting once deliverables and timeframes are established Logistics Contact: Carole Mahoney +44 208 399 7189 cmahoney@edmcouncil.orgcmahoney@edmcouncil.org Semantics Repository: Mike Bennett + 44 7721 420 730 mbennett@edmcouncil.org mbennett@edmcouncil.org OMG Financial Domain Task Force: Harsh Sharma, harsh.w.sharma@citigroup.com +848 391 9355harsh.w.sharma@citigroup.com