1. OMG Finance Domain Task Force (FDTF)
Monthly Status/review call
Wednesday November 2nd 2016

2. FIBO Vocabulary update
Agenda
News
FIBO Vocabulary update
OMG FDTF Quarterly Meeting Planning (Coronado)
Roadmap and co-ordination
FIBO Process Update
FIBO Status
Status of Current Specifications
Status of upcoming FIBO specifications and FCT activities
Other FIBO Activities

3. News FIGI FIRO – see next slide FIBO Vocabulary
FIBO-DEBT under way
Tooling and socialization of this. Biweekly meetings under way
Work under way on specification alignment
Also documenting the ground rules for FIBO ontologies, versus conceptual (legacy) ontologies
FND RTF is now deferred to February
Other FDTF Activities
New co-chair confirmed (Rob Nehmer, Oakland University)
DLT WG (formerly Blockchain WG)
Regular calls ongoing
Focus on Smart Contracts
Content negotiation
How to render ontologies using HTML / Web browser (weekly call slot – see Doodle poll)
What you see in a browser when you enter the URI of a class or property
FIGI
Passed the initial step with X9 (recommendation as passed FIGI to board for Oct 17th for recommendation to ISO for ISO certification
BSI already on board and others
Update on X9 at next Monthly Update Call
FIRO – see next slide

4. FIRO Update FIRO-H presented at Chicago (one module of it)
Foundational; will be released under open Source license
Draft documentation available
Talk about this at next month’s MUD Call (30 min)
No overlap FIBO-FND but complementary concepts exist
Would like to consider whether this can contribute to FIBO Foundations
Also consider possible overlap or complemetarity re FIBO-BE as well
Any examples linking to existing regulations?
Yes but
Regulatory concepts – will these be in a separate vocabulary?
Yes, this is an extension of this one in a separate physical file.
Can I use FIRO-H to identify analogous concepts between the regs?

5. Unified OWL Repository
FIBO VOCABULARY DEVELOPMENT PROCESS (for early adopters)
FIBO Repository Alignment -FEBRUARY 2016
Structural resolution – i.e. properties with more than one sub-property, name union/anonymous union, enumerated number ranges, object and data types properties replaced with restrictions, missing definitions, restrictive explanations, classification approach
Status
Domain
2016 Plan
Comprehensive
Foundations
Green ()
Business Entities
Green (+)
Substantive
Indices / Indicators
Securities / Equities
Yellow ()
OTC Derivatives
Loans (common)
Complete
Debt / Bonds
Pink (FCT)
Majority
Collective Investment Vehicles
Equity & Debt Pricing
Structured Finance
Pink
Rights & Warrants
Good
Money Markets
Exchange Traded Derivatives
Mortgage Loans
Corporate Actions
Initial
Transactions, trading status, credit rating & status, payments, issuance, portfolios & holdings ❶ ❸
Member Verification Process
Enhancement & finalization
Prioritized for BCBS 239
Managed by dedicated resource
Align with FIBO, validate and generate OWL expressed as a single repository ❷
Address gaps and align with FIBO design principles
Unified OWL Repository
APRIL 2016 ❹
Integrate into FIBO engineering process for inference processing
generate
align
Legend
Comprehensive: modeled, EDMC tested, OMG process
Substantive: modeled with SME review, to OMG
Complete: needs alignment with FIBO structure, FCT
Majority: modeled but not verified
Good: modeled but not complete
Initial: early stage
SEPTEMBER 2016
build UML/
submit to ❺
VOCABULARY V1.1

6. FIBO Vocabulary Status
Generated initial OWL from CCM
Expected classification errors identified
Once passed a “Classifier” test in Pellet
But it turns out that did not include green Placeholders
Many change in Pink FIBO create inconsistencies with existing material
CCM output improvements under way
Not yet at the round tripping stage for existing Pink FIBOs
But close!
Dean generates SKOS
Based on various “Merged” sets of ontologies
Will be one SKOS Vocabulary for Pink FIBO and one for FIBO-Master
FIBO Master
Al of FIBO including work in progress
Red stuff doesn’t have a name but is included in FIBO-Master
Aligning with Pink on a section by section basis
EDM-Council/FIBO Foundations Content Team

7. Reasoning errors being addressed
CCM OWL Status:
Reasoning errors being addressed
Started alignment with Pink content (foundations)
Pink now in the CCM model and output to Collaborator (definitions missing)
Validate as we go
Agreed to put non-consistent OWL in GitHub
Currently in a “Red Test” branch or fork

8. Alignment: Red v Pink/Yellow/Green
Conceptual material (MB)
EDMC-FIBO
Upper Ontology
ext/snap
etc.
etc
etc
SysML (QUDT)
Social Constructs
DEBT
REA
Transactions
LOAN
Commitments
Quantities
IND
Information
UnitsAndMeasures
FBC
MeasurementTypes
MonetaryMeasures
FND BE
EDM-Council/FIBO Foundations Content Team

9. FIBO Flavors Relationships
FIBO Vocabulary (SKOS/RDF-S)
Feedback
Feedback
Detailed FIBO Documents
generated
FIBO Core UML-SIMF / ODM Diagrams)
FIBO Core
OWL Ontologies
generated
aligned
FIBO.Schema.org
generated
Feedback
Natural Language Glossaries
Feedback

10. FIBO Publication requirements
At OMG site
At spec.edmcouncil.org
Requirement:
Be able to return a vocabulary entry for the URI (DF)
What does the B want to see
Whether it comes from OWL or SKOS is not relevant.
But the level of detail needed is closer to what would be in SKOS
Identify close matches etc. per SKOS as well is useful
Critical:
Definition
Synonyms
Origin metadata is also helpful
Domain and range of property
Choices:
Diagrams
Hyperlinks for domain and range of property etc. or not?
PR has some good ideas for this
Need to figure this out – separate calls?
Set this up now – PR to organize this via this list and FIBO Vendor Team

11. OMG Quarterly Meeting Dec 2016 (Coronado CA)
FIBO
Nothing scheduled for FIBO
LOANS? And common debt concepts
Securities?
Overall - common material; early adopter FIBO-V stuff
Roadmap
FIRO To be confirmed
Risk RFPs
Inputs to cashflow generator
Inputs to risk management calculations
Disposition (one RFP or several)
Next step identified in Chicago was roadmap of existing stuff and where the new value add will be
Standards Roadmap and overlaps
Per Chicago action
See also Cory’s stuff
RFP for risk management tool interchange
BMI (Nick Musurov)
ACTUS
FIBO FIRO
Anything from PRMIA?
The rest
Blockchain / DLT
Detailed update from the DLT WG
Workshop
Testing the spec and our understanding
FIBO and DLT components – Treasuries?
Other Presentations?

12. Tuesday Morning Afternoon FIBO Stuff – FIRO stuff
updates on Loans, common debt concepts ; foundations / FND v FBC
Next steps /preview of what’s happening with consolidated FIBO specification
Afternoon
FIRO stuff
Quarter day on Roadmap
DLT (Blockchain)

13. Wednesday Morning Afternoon New Risk relate RFPs / presentation etc.
Workshop
DLT PoC
FIBO Content

14. FTF and RTF Charters (Friday Plenary)
Foundations
1.2 RTF chartered March, due to report in Dec
Motion to defer to March
Business Entities
1.2 RTF chartered Sept
Indices and Indicators
1.1 RTF chartered in Sept
Financial Business and Commerce
New RTF 1.1 chartered in September

15. FIGI Status
See New section

16. { Roadmap 2013 2014 2015 2016 FIBO Content Teams Key IND FTF2 Non OMG
PoC
Refactoring/
testing
Public review
OMG finalization
Key
OMG
Spec
Legacy
2013
2014
2015
2016 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Foundations
Public review
FIBO-FND OMG finalization TF
(FTF)
FTF2
FIBO-FND
OMG Revision TF
(RTF) also for FBC
RTF2 For Loans, Sec, Der ???
FIBO-FND vn
Final
1,1
Beta1
Beta2
FTF2
Legal Persons, LEI Entities;
Ownership and Control
FIBO-BE
Public review
FIBO-BE OMG finalization TF
(FTF)
FIBO-BE
RTF
RFC
Final
1,1
Beta2
FIBO-BE v2: Government, Jurisdiction
FIBO-BE2 FTF
RFC
Final
Indices & Indicators
Public review
OMG FTF
Indices &
Indicators
FTF2 Incorporate
concepts in FBC
IND FTF2
RFC
Beta1
Beta2
Final {
Financial Business and Commerce
RFC
Final
FIBO Content Teams
Securities and Equities
RFC
Final
Loans Common
Dry Run
RFC
Final
Derivatives PoC
IR Swaps
Derivatives
By Contract type; by underlying asset type
RFC
SKOS
Other FIBO Components
FIBO Market Data, CAE, Risk/Reporting
FIBO Market Data, CAE, Risk/Reporting 16
FIBO schema.org
FIBO Market Data, CAE, Risk/Reporting

17. Co-ordination between specs Timings / Roadmaps between specs FIBO-V
Current Activities
Co-ordination between specs
Timings / Roadmaps between specs
FIBO-V
Process under way, under Wes Moore and Elie Abi-Lahoud
Now under way with Debt under Marc Alvarez

18. OMG Spec Co-ordination and Timings
Per process, there is a focus now on co-ordination of requirements and dependencies across FIBO specifications
BE, FBC, government entities and anti-corruption
Real-world circularities e.g. shares v limited companies

19. FCTs working on detailed “Roadmaps”
Co-ordination
FCTs working on detailed “Roadmaps”
Align with the overall roadmap
Identify cross dependencies
Requirements for FND, FBC, BE extensions
Use of Wiki
See Loans page for Foundations requirements
Common Debt Terms
Informal coordination under way
Identify concepts common to all or a super-set of debt
Pre-requisite to publishing Loans

20. How do we get from here to there? What does FDTF need to do on this
Co-ordination
FUTURE
One FIBO Specification
Reflects all of Pink / Yellow at a chosen point in time
Updated quarterly
How do we get from here to there?
What does FDTF need to do on this
And when?

21. FIBO Current Specifications Status Overview
FIBO Foundations
Final version approved by OMG March 2015
Revised 1.1, approved March 2016
RTF for 1.2 deferred to March 2017
FIBO Business Entities
RTF 1.2 chartered Sept
FIBO Indices and Indicators
FTF approved September 2016
RTF 1.0 chartered Sept 2016
FIBO FBC

22. FIBO: Scope and Content
Upper Ontology
FIBO Foundations: High level abstractions
FIBO Business Entities
FIBO Financial Business and Commerce
FIBO Indices and Indicators
FIBO Contract Ontologies
Securities (Common, Equities)
Securities (Debt)
Derivatives
Loans, Mortgage Loans
Funds
Rights and Warrants
FIBO Pricing and Analytics (time-sensitive concepts)
Pricing, Yields, Analytics per instrument class
FIBO Process
Corporate Actions, Securities Issuance and Securitization
Future FIBO: Portfolios, Positions etc.
Concepts relating to individual institutions, reporting requirements etc.

23. FIBO: Status Key Upper Ontology
Draft in CCM/FIBO-V
OMG in process
FIBO: Status
In preparation
OMG Complete
Upper Ontology
FIBO Foundations: High level abstractions
FIBO Business Entities
FIBO Financial Business and Commerce
FIBO Indices and Indicators
FIBO Contract Ontologies
Securities (Common, Equities)
Securities (Debt)
Derivatives
Loans, Mortgage Loans
Funds
Rights and Warrants
Also viewable in Adaptive – see link on next slide
FIBO Pricing and Analytics (time-sensitive concepts)
Pricing, Yields, Analytics per instrument class
FIBO Process
Corporate Actions, Securities Issuance and Securitization
Future FIBO: Portfolios, Positions etc.
Concepts relating to individual institutions, reporting requirements etc.

24. FIBO Where is What!
General Information -
Historical perspective and status
29 FIBO Business Conceptual Ontologies have been built since 2008
Contains much detailed downloadable information including models, spreadsheets and XLS files for 29 FIBOs
Github Working Wiki page”
For those who want to get serious soon – Links to UML and RDF/OWL downloadable files for all 29 FIBOs and much much more of Pink and Yellow and Green FIBOs
Browseable and searchable repository with workspaces for all ontologies
Contains FIBO-FND in final OMG documentation form including UML and RDF/OWL models for FIBO Foundations
Github wiki is at:
Contains FIBO-BE (Business Entities) In OMG documentation form.
Github wiki is at
A working version in testing (“David’s Branch”) is at
Contains FIBO-IND (Indices and Indicators) In OMG documentation form .
Pointer to Loans FIBO Github Wiki page
Pointer to Securities and Equities FIBO Github wiki page

25. FIBO Atlassian Wiki Spaces
FIBO Overall
FIBO Content Teams
Foundations
Business Entities
Indices and Indicators
Financial Business and Commerce
Loans
Securities and Equities
Derivatives
Vendor Team

26. Core Extensions submitted FIBO Specific parts under way
schema.org Status
Core Extensions submitted
Approved
FIBO Specific parts under way
See FIBO Wiki structure
Wiki group management as per FCTs (see other notes)

27. Appendices: Background Slides
I Jargon Blaster
II FIBO Infrastructure
III Red FIBO
IV FIBO Content and Status (“scenario” slides)

28. Appendix I: Jargon Blaster
ISO 10962
Classification of Financial Instruments (CFI)
New version released in Jan 2015
ISO 20022
Messaging standard, UML to XML transformation
incorporated the draft ISO (WG11)
WG11 model was starting point for most FIBO
ISO = Metadata Repositories
XBRL = eXtensible Business Reposrting Language
Concepts are in individual “Taxonomies” (model schemas) only (IASB, IFRS, US-GAAP, etc.)
MDDL – Market Data Definition Language

29. Appendix II: FIBO Infrastructure
The “Holy Trinity”
GitHub
JIRA
Jenkins
Wiki
Each FCT and other teams have Wiki area (“Space”)
Minutes, actions etc. posted there
How-to Guide will be posted to Wiki also
Wiki to JIRA Bridge: meeting actions identified in Wikis are also now reflected as JIRA issues
Need for some instruction in this for FCT Leads

30. Detailed screenshots for each part of the process
How-To Guide
Shows overall process to follow in using GitHub and Atlassian Sourcetree, for FCT Leads
Detailed screenshots for each part of the process
New section on definitions added
Additional definitions added
This is the version that is posted on the Wiki
New section on aligning local and remote branches with EDM Council Master

31. Otherwise, you will have received an invitation from JIRA directly
Engagement Model
Groups
Each Team is configured as a “Group” in JIRA
This group is then also used for participation in Wiki “spaces”
If you registered for GitHub access, you GitHub ID also becomes your JIRA ID
Group leads will then add you to their team group
Otherwise, you will have received an invitation from JIRA directly
You may want to retrospectively ask to be added to GitHub
Some people are having difficulty accessing the Wiki – there is a synch to be run periodically

32. Process Progress FCT Process (to be followed by FCT Leads)
Standard template / slides used by all FCT leads
Minutes posted to Wiki
Dennis is doing this fro MB notes;
FCT leads should take on responsibility for note-taking and publishing
FIBO Proof of Concept Teams
May use any FIBO color as appropriate
Run on same process as FCTs (wiki etc.).
FIBO Vendor Team
Initially focused on tool support for specification activities
Will also extend to potential test assistance, PoCs etc.
Build / Test / Deploy / Maintain document
This is the definitive reference for all process (see Fig 4 of that)
GitHub / Process User Guide updated
Will extend to overall process over time

33. Each FIBO Content Team has
FIBO Content Teams
Each FIBO Content Team has
A GitHub fork on the FCT Leader GitHub account
A working wiki on the main (EDM Council) GitHub account
Regular meetings

34. Questions?