The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another. In this way, FIBO can give meaning to any data (e.g., spreadsheets, relational databases, XML documents) that describe the business of finance.
These comments originally came from review of PR #512 which extracted some material from SecuritiesExt whic was deleted. Some were addressed before the Q2 2022 release, but this issue is intended to address the remaining challenges and release the Settlement ontology.
The following comments were raised in 2018 against this ontology, that are addressed in this issue:
Including “concluding negotiations” in definition of Settlement class seems too general *** removed
For SettlementConvention can there be many numericValues? Should be an Integer as per the definition (which says "whole number") *** changed to a positive integer
There is a space missing here after rules: "rules,the T+n simply refers to the next available business days" *** redundant comment removed
allowsContractualSettlement begs question about what a contractual settlement actually is *** property eliminated
hasPreferredSettlementCurrency is ambiguous whether another currency is permitted and under what conditions/terms *** note added
SettlementTerms has several restictiond that probably should be exactCardinality 1 rather than someValuesFrom *** did not address due to the need to confirm which with SMEs - certain derivatives may have more than one settlement event, for example
Is isInterchangeable really a property of SettlementTerm as opposed to Security? *** property removed
These comments originally came from review of PR #512 which extracted some material from SecuritiesExt whic was deleted. Some were addressed before the Q2 2022 release, but this issue is intended to address the remaining challenges and release the Settlement ontology.
The following comments were raised in 2018 against this ontology, that are addressed in this issue:
Changed the maturity level to 'Release'.