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Current Status

The 'Alpha' version of the Financial Industry Business Ontology (FIBO) standard for Business Entities has been filed with the Object Management Group (TM) for review at the December OMG Quarterly Meeting. Minor changes are to be made to the final submission for consideration at that meeting. Please refer to the 'Downloads' section for a downloadable version of the model from which that RFC was generated.

Please note that all current work is ongoing using the modeling tool and many sections of this web interface are not up to date.
To view the current model, please navigate to the repository file which can be downloaded in the Downloads section.
You may also download a free viewer at that page

Beta Release file uploaded

The Repository has been updated to Beta status (Traded securities) in 2010. As of September 2011 other sections (OTC Derivatives, Business Entities, Loans etc.) remain in "Draft" status and will be elevated to Beta over the coming weeks. The draft Business Entities material will be elevated to Beta status very shortly as part of the final RFC submission to the OMG.

Goal

The goal of the EDM Councils Semantics Repository is to standardize the terms and definitions of all reference data attributes stored in the master files of financial institutions and passed among supply chain partners. Precise nomenclature translates into a common language between systems and sources, reduces the cost of doing business, and promotes confidence in data among business users. It is at the foundation of effective data management and an essential building block for business process automation.

Review Process

Review meetings are normally held weekly (on Wednesday, 10am Eastern US time) via web conference to work our way through the terms/definitions within the repository, field questions and make adjustments to our conceptual model. A separate set of calls takes place alternate Thursdays at 11:00 Eastern time for Loans. If you would like to be included in any or all of these calls please contact cmahoney [at] edmcouncil.org or mbennett [at] edmcouncil.org

Next Review Session

We are currently working our way through terms for Corporate Actions and Events.

Please see below for full dial-in details. All are welcome.


Meeting Dial-in Details - same every week

(NB NEW dial-in and meeting number since 4 May 2011)

Join the meeting via the GoToMeeting website: https://www3.gotomeeting.com/join/238448054

Use your microphone and speakers (VoIP) - a headset is recommended. Or, call in using your telephone. The numbers will be the same every week:

Access Code: 238-448-054
Audio PIN: Shown after joining the meeting

Meeting ID: 238-448-054

Review Session Notes

most recent first

OTC Derivatives Wrap-up Sessions

Other OTC Derivatives

Synthetic Structured Finance

Credit Default Swaps

OTC Derivatives: Equity and Swaps

Foreign Exchange

OTC Derivatives Kick-off

Earlier review session notes are now available in zipped up archive form. Individual notes may also be found in the instruments sections in the model structure.

Timed and Dated Terms Second Pass

Timed and Dated Terms First Pass

Open Issues Closeout Sessions

Initial Review Sessions - Tradable Securities Static Terms

Original (first pass) Static Reference data terms review sessions, all Tradable Securities. Also Business and Legal Entites.