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.
Some of the concepts in that ontology are still in need of work, including redundant bonds-related terminology, and some of Pete's comments from prior work on SEC-163 need review:
CreditCardAssetBackedSecurity - what granularity is a "receivable" - a single charge on a card? A monthly "amount due"? What if half the amount is paid off in the first month?
Can different receivables on the same card be in different pools?
How is this linked to actual credit card account in FIBO?
HomeEquityLineOfCreditPool - we call them HELs earlier - are they the same thing?
Some of the concepts in that ontology are still in need of work, including redundant bonds-related terminology, and some of Pete's comments from prior work on SEC-163 need review:
CreditCardAssetBackedSecurity - what granularity is a "receivable" - a single charge on a card? A monthly "amount due"? What if half the amount is paid off in the first month? Can different receivables on the same card be in different pools? How is this linked to actual credit card account in FIBO?
HomeEquityLineOfCreditPool - we call them HELs earlier - are they the same thing?