edmcouncil / fibo

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.
https://spec.edmcouncil.org/fibo/
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Augment the definition of an ADR to describe Chinese ADRs #1838

Closed ElisaKendall closed 1 year ago

ElisaKendall commented 2 years ago

We are apparently missing some definitions for a variation in China, which is not a depositary receipt on a share, but on a specific kind of legal entity - see https://en.wikipedia.org/wiki/Variable_interest_entity, which may require us to revise the definitions for depositary receipt in order to accommodate them.

This was raised by Pete Rivett. The FCT determined that it requires the addition of a variable interest entity, and related to that, a variable interest share. It may or may not also require creation of a subclass of ADR that links a Chinese ADR to a VIE. For the sake of completeness, we will also create a Chinese ADR in the depositary receipts ontology that is linked to a VIE share and legally recorded in the jurisdiction of China.