Detailed Table of Terms

switch to abbreviated table of terms

This section shows Collective Investment Vehicles. This is the general term for all forms of fund or trust instrument.

Line Term type Term Definition Synonym Simple Type Related Thing Multiples Business Justification Term Origin Definition Source Consensus Last Modified
1 Thing Accumulating Share Class  A share class in which there is no option to reinvest.  Further Notes: This fact would be determined by the fund unit having a specific Fund Distribution Policy of Accumulating.                  Review   17-Feb-10
2 Parent Is a       Fund Share Class Unit           17-Feb-10
3 Disjoint mutually exclusive       Distributing Share Class           17-Feb-10
4 Thing Asset Class Strategy  Strategy which is asset class based.           EFAMA:  The type of securities or other holdings that may be invested in.   FIBIM: Strategy which is asset class based.  Can implement this in terms of a classification of those things.   Wording implies this is a policy.          17-Feb-10
5 Parent Is a       Fund Portfolio Investment Limitations           17-Feb-10
6 Relationship fact identifies        Security Classification           17-Feb-10
7 Thing Auditor  The party that is in charge of examining and verifying a fund's financial and accounting records as well as supporting documents and fulfilment of legal requirements.               EFAMA DD     17-Feb-10
8 Parent Is a       Funds Processing Party           17-Feb-10
9 Thing Benchmark  A reference index used to measure fund performance.             EFAMA DD = Benchmark   EFAMA DD   Yes   17-Feb-10
10 Relationship fact identified as  The parameter used as the benchmark.       Market Referential Parameter     SR   MB Draft   Review  17-Feb-10
11 Thing Bricks And Mortar Holding  A holding of built property.    real estate.               MB Draft   Review  17-Feb-10
12 Parent Is a       Portfolio Holding           17-Feb-10
13 Relationship fact takes form of  Holding is of some built property.       Real Estate     EFAMA Reviews   MB Draft   Review  17-Feb-10
14 Thing Common share in fund  A share unit in a fund, which is classified as a Common Share class.            SR Review session notes:  US: Closed and open ended funds may have common and preferred shares.        Review   17-Feb-10
15 Disjoint mutually exclusive       Preferred share in fund            17-Feb-10
16 Parent Is a       Fund Share Class Unit           17-Feb-10
17 Thing Currency Strategy  Strategy which is currency based.                   17-Feb-10
18 Parent Is a       Fund Portfolio Investment Limitations           17-Feb-10
19 Relationship fact Currency Currency of the investment.      Currency            17-Feb-10
20 Thing Debt Stake In Fund  A stake held in a fund by way of a Bond Unit.            Note that you cannot buy fractional amounts in a bond.   Review Session Note:  Similar to what happens in a CDO where the collaterial manager and the issuer are two different entities.   So model this along the same lines as the SPV in the structured finance model.   Therefore: further modeling and review required   EFAMA Review sessions   EFAMA Review sessions   Review   17-Feb-10
21 Parent Is a       Stake In Fund           17-Feb-10
22 Relationship fact defines relationship with  The relationship with the legal entity which embodies the fund, implied or defined by a debt stake in the fund.       Fund Legal Form   The entity itself may be a joint stock company, SPV or some other kind of entity. It is the entity which is the issuer of fund units.   From EFAMA Review:  The relationship with the issuing entity is different if you hold a note or a bond, to if you hold a share class.    EFAMA Review   MB Draft   Review  17-Feb-10
23 Thing Distributing Share Class  Share class in which income is or may be reinvested in the fund.            This has a distribution plan: Holder may or may not have the option to reinvest.   Further Notes: This fact would be determined by the fund unit having a specific Fund Distribution Policy of Accumulating.        Review   17-Feb-10
24 Parent Is a       Fund Share Class Unit           17-Feb-10
25 Disjoint mutually exclusive       Accumulating Share Class            17-Feb-10
26 Simple fact Holder May Reinvest    Whether or not the holder may reinvest dividends in the fund.     yes/no              17-Feb-10
27 Thing Equity Asset  The holding of equity securities in a portfolio.                  Review   17-Feb-10
28 Parent Is a       Security Holding           17-Feb-10
29 Relationship fact identity The Equity Asset is a Share.      Share           17-Feb-10
30 Thing Equity Fund  A fund which invests in at least 85% shares.                  Review   17-Feb-10
31 Parent Is a       Fund           17-Feb-10
32 Relationship fact contains The portfolio of the Equity Fund.        Equity Portfolio         Review  17-Feb-10
33 Thing Equity Portfolio  A portfolio which has at least 85% exposure to shares.                  Review   17-Feb-10
34 Parent Is a       Fund Portfolio           17-Feb-10
35 Relationship fact holds  Holding is of equity assets.        Equity Asset         Review 17-Feb-10
36 Thing Equity Stake In Fund  A stake held in a fund by way of a Share Class Unit.            Theoretically you can buy a fraction of a share in a fund. This would depend on the legal structure of the fund, e.g. a minimum investment.   There is always a distribution plan.    EFAMA Review sessions   MB Draft   Review   17-Feb-10
37 Parent Is a       Stake In Fund           17-Feb-10
38 Relationship fact defines relationship with  The relationship with the legal entity which embodies the fund, implied or defined by an equity stake in the fund.       Fund Legal Form   The entity itself may be a joint stock company, SPV or some other kind of entity. It is the entity which is the issuer of fund units.   From EFAMA Review:  The relationship with the issuing entity is different if you hold a note or a bond, to if you hold a share class.    EFAMA Review   MB Draft   Review  17-Feb-10
39 Thing Fund  Distinct pool of financial instruments managed by a single investment policy.    Sub fund when part of umbrella.           From EFAMA DD:  The word fund can refer to either an investment pool, umbrella or share class, and is commonly refered to as a collective investment vehicle (can have ISIN or not).   The meaning here is for the investment pool (of which an Umbrella fund is also one such) and not to the share class.    EFAMA DD = Fund ; ISO FIBIM = InvestmentFund   ISO FIBIM   Review  17-Feb-10
40 Parent Is a       Pool           17-Feb-10
41 Relationship fact advised by  The party that provides investment guidance at a fee.       Investment Advisor     EFAMA DD = Investment Advisor   EFAMA DD   Yes  17-Feb-10
42 Relationship fact distributed by  The entity through which a fund may be bought by or for an investor. This may be on a discretionary or advisory basis, or as an execution-only service.       Fund Distributor     EFAMA DD = Distributor   EFAMA DD   Yes    17-Feb-10
43 Relationship fact has unit issuer        Unit Issuer           17-Feb-10
44 Relationship fact has objective  The aim of the Fund e.g outperfom a given benchmark. Stated in prospectus.       Fund Investment Objective     EFAMA DD = Investment Objective   EFAMA DD   Review  17-Feb-10
45 Relationship fact has additional information  Things which are not part of the prospectus or contractual terms but are important if you want to understand the fund.        Other Investment Fund Information     EFAMA Review   EFAMA Review   Review  17-Feb-10
46 Relationship fact has data provider  The party which supplies market data to the fund.        Fund Data Provider     EFAMA Review   MB Draft   Review  17-Feb-10
47 Relationship fact determines  Fees incurred by the investor as set out by the Fund.        Fee Payable     EFAMA Review   MB Draft   Review  17-Feb-10
48 Relationship fact promoted by  The entity that promotes the fund. May be an investor, pension fund, bank, insurance company or management company       Fund Promoter     EFAMA DD = Promoter   EFAMA DD   Review  17-Feb-10
49 Relationship fact has auditor  The party that is in charge of examining and verifying a fund's financial and accounting records as well as supporting documents.      Auditor           17-Feb-10
50 Relationship fact domicile  The country of domicile of the fund.       Country           17-Feb-10
51 Relationship fact has depository  The party that holds and safeguards holdings owned by a fund. It is also responsible for compliance of the portfolio with legal ratios etc.        Fund Depositary   The depository may delegate custody to another entity (custodian).   EFAMA DD = Depositary   EFAMA DD   Yes  17-Feb-10
52 Relationship fact has legal form  legal form of the fund, eg Joint Stock Company, SPV etc.        Fund Legal Form   This term does not cover the structure of the fund (Open or Closed, Open Ended or Closed Ended); these facts are covered in separate terms. This fact is the legal form which the fund takes, as a legal entity.    EFAMA DD = Legal Form (part of semantic)   EFAMA DD adapted   Review  17-Feb-10
53 Relationship fact has accounting information  Accounting information related to the investment fund.        Fund Reporting Terms     ISO FIBIM = FundAccountingInformation   ISO FIBIM Adapted   Review    17-Feb-10
54 Relationship fact identification  Identification of the investment fund.       Business Entity Identifier           17-Feb-10
55 Relationship fact has management company  The party that sets up the fund, decides the investment strategy, appoints the agents, and is responsible for the promotion and the marketing of the fund. It makes all of the important decisions related to the fund. Also called fund promotor or fund sponsor.  This is a dupliucate of Fund Management Company at the moment       Fund Manager         Action  17-Feb-10
56 Relationship fact has accountant  The party that keeps accounting records of the available assets and liabilities of the Fund. It calculates dealing prices, the Net Asset Value (NAV) of the Fund, and may provide fund performance and tax data. Can be subcontracted by the FundAdministrator.       Fund Accountant     ISO FIBIM = FundAccountant relationship   ISO FIBIM   Review  17-Feb-10
57 Relationship fact legally recorded in  Definition needed if this term is real. It was added to diagram during reviews but contradicts another term for fund unit registration jurisdiction.   Review note: Legally Recorded jurisdiciton intended to be for Fund Unit. Is this redundant?  Also "Country of Origin" referred to elsewhere in EFAMA DD but does not exist as a term on its own (possibly obscured by the apparent meaning of Fund Jurisdiction). This exists in FIBIM as "domicile" with the definition "The country of domicile of the fund.". However, that itself might be ythe domicile of the business entity??       Jurisdiction         Action  17-Feb-10
58 Relationship fact type of fund  The category of the fund according to the asset class.        Fund Classification   Could be EFCF codes.    EFAMA DD = TypeOfFund   EFAMA DD   Yes  17-Feb-10
59 Relationship fact has performance determination method  The performance determination method used for this Fund.        Performance Determination Method   (e.g. Time weighted and money weighted, annualized, gross of fee   EFAMA DD = Performances Method   EFAMA DD adapted   Review  17-Feb-10
60 Relationship fact has overall policy  Fund has overall policy restrictions with regard to what can be invested, amounts in vested and so on. These are picked up and implemented in the Portfolio detailed poiicy.        Fund Investment Policy       MB Draft   Review  17-Feb-10
61 Relationship fact has transfer agent  The entity that undertakes the execution of subscription, redemption and switch orders on behalf of the fund.       Fund Transfer Agent     EFAMA DD = Transfer Agent   EFAMA DD   Yes  17-Feb-10
62 Relationship fact has tradable unit  A unit which may be held by an investor and which gives them a stake in the fund.        Fund Unit   See also "Stake" and related facts which relate this term in a more roundabout way.      MB Draft   Review 17-Feb-10
63 Relationship fact has portfolio        Fund Portfolio 1         17-Feb-10
64 Relationship fact denomination currency  Denomination Currency of the fund - Currency in which the fund unit is issued or redenominated and the currency of the NAV calculation.       Currency   The same currency applies both to fund unit denomination and to calculations of NAV.   EFAMA DD = FundCurrency   EFAMA DD adapted   Yes  17-Feb-10
65 Relationship fact administered by  The party in charge of financial accounting, NAV calculation, management and performance fee calculation. Can also be in charge of orders centralisation and registration.       Fund Administrator       WG11    17-Feb-10
66 Relationship fact has subscription terms  Subscription terms for the fund.        Fund Subscription Terms   FPP indicates that these are facts about an individual Fund Unit. Semantically they can't be terms of the unit itself as a contract since by definition this has not been subscribed to yet at the point when these terms apply to the investor, so they are terms of the Fund, but about a specific unit.   Therefore one term in this set of facts is an identification of the individual fund units they apply to.    EFAMA Reviews   MB Draft   Review  17-Feb-10
67 Relationship fact has terms  The fund has Formal terms for processing of the fund. These set out what the investor and the fund may or may not do.       Fund Processing Terms   These terms would be contained in a contract of some sort, but this may vary from one kind of fund to another and so are related here as terms of the Fund itself for simplicity. Some of these terms would be part of the contract that is the fund unit, while terms relating to subscription are relevant before an investor ahs invested in the fund and so are facts about the fund.   ISO FIBIM definition for ProcessingCharacteristics:  Processing characteristics linked to the investment fund class, ie, not to  the market.         17-Feb-10
68 Relationship fact supervised by  The legal entity which supervises the fund or fund industry       Fund Supervisory Authority     EFAMA DD = SupervisoryAuthority   EFAMA DD   Review  17-Feb-10
69 Relationship fact has        Fund Prospectus     EFAMA Review      17-Feb-10
70 Simple fact Name    Name of the investment fund.     text        ISO FIBIM = Name   ISO FIBIM   Review  17-Feb-10
71 Simple fact Sub Fund    Whether the investment fund is a subfund, when it is a compartment of an umbrella fund. If so, subfund is a synonym of investment fund and therefore has the same attributes as investment fund.     yes/no        ISO FIBIM = Sub Fund   ISO FIBIM adapted   Review  17-Feb-10
72 Simple fact Closed Fund    Closed to new investors. So an existing investor can buy new shares.      yes/no      e.g. SICAF is a closed ended fund with fixed capital. SICAV has variable capital which can change at any point.    EFAMA DD Review   EFAMA DD Review   Yes    17-Feb-10
73 Simple fact Closed End Fund    Closed to new investments. So there are a fixed number of units. May be open or closed to new units being issued (whether or not the units can be traded).     yes/no      Open End = new units may be issued; Closed End = no new units may be issued.  e.g. SICAF is a closed ended fund with fixed capital. SICAV has variable capital which can change at any point.   You may invest by buying shares in the secondary market from a broker or market maker. whereas in an open end fund there are new shares in that fund.   With an open end mutual fund you have to trade with the fund, through the broker. You can redeem units, which is trading with the fund.   An existing shareholder may add money through their account.   With a closed end fund you generally cannot redeem the fund unless the fund liquidates. There are exceptions to this. Otherwise to get out of the fund you can sell it to another investor (asuming it's not also a closed fund, and assuming you can find a buyer).    EFAMA DD Review   EFAMA DD Review   Yes  17-Feb-10
74 Simple fact Distribution Policy    Income policy relating to a class type, ie, if income is paid out or retained in the fund.     Fund Unit Distribution Policy Selection      This is a fact about each individual type of Fund Unit. Additional facts may apply to the Fund as a whole - to be reviewed. Need to determine if there is an overall distribution policy term applicable to the Fund. Kept as a place holder in case there is.    EFAMA DD = Distribution Policy   EFAMA DD   Action  17-Feb-10
75 Simple fact Inception Date    Authorization date in the country of origin.      Date      Also applies to Sub Fund by inheritance and may often exist and be different.  Share Class has a similar but distinct fact.    EFAMA DD = Inception Date   EFAMA DD   Yes  17-Feb-10
76 Simple fact Fund Structure    Structure of the subfund, eg, single fund, multi-class.     Fund Structure Selection        ISO FIBIM = Structure   ISO FIBIM   Review  17-Feb-10
77 Simple fact Product Group Description    Company specific description of a group of funds.     text      Not sure what this means or what to do with it. Original type is 140 character text field.    ISO FIBIM = InvestmentFundClass:ProductGroup   ISO FIBIM unchanged   Action  17-Feb-10
78 Simple fact First NAV Calculation Date    The first date of NAV calculation      date        EFAMA DD = First NAV Date   EFAMA DD   Review  17-Feb-10
79 Simple fact Launch Date    Date of first NAV calculation and start of performance calculations     date        EFAMA DD = LaunchDate   EFAMA DD   Review  17-Feb-10
80 Simple fact Registration Date    The date at which the fund is legally approved in a country other than the country of origin.     date      Review whether this relates to Fund as the fund (pool) or the fund units.    EFAMA DD = registration date   EFAMA DD   Review  17-Feb-10
81 Thing Fund Accountant  The party that keeps accounting records of the available assets and liabilities of the Fund. It calculates dealing prices, the Net Asset Value (NAV) of the Fund, and may provide fund performance and tax data. Can be subcontracted by the FundAdministrator.             ISO FIBIM = FundAccountant relationship   ISO FIBIM   Review   17-Feb-10
82 Parent Is a       Funds Processing Party           17-Feb-10
83 Thing Fund Administrator  Entity that has to fulfil the legal and supervisory requirements of the fund. Responsible for all the business purposes around the investment pool, and so is reponsible for the issuing of the shares.            If the unit is a bond, then the issuer is separate from the Fund Administrator.   WG11 text:  The party in charge of financial accounting, NAV calculation, management and performance fee calculation. Can also be in charge of orders centralisation and registration.   EFAMA DD = Fund Administrator   EFAMA DD   Yes   17-Feb-10
84 Parent Is a       Funds Processing Party           17-Feb-10
85 Relationship fact identified as  The business entity which fulfils the role of Fund Administrator      Business Organization           17-Feb-10
86 Relationship fact may be  The unit issuer would be the fund administrator (except when it is a Bond).        Unit Issuer     EFAMA Review   EFAMA Review   Yes  17-Feb-10
87 Thing Fund Bond Class Unit  A fund unit which takes the form of debt in that fund.            From EFAMA Review:  called denominations e.g. issued in $5000 pieces.   You cannot buy fractional amounts in a bond.    EFAMA Review   MB Draft   Review   17-Feb-10
88 Parent Is a       Fund Unit           17-Feb-10
89 Relationship fact has distributiojn policy  Income policy relating to the unit, e.g. if income is paid out or retained in the fund and how this is treated.       Fund Unit Distribution Policy     EFAMA DD = distributionPolicy   EFAMA DD adapted   Review  17-Feb-10
90 Relationship fact has expected coupon  A fixed coupon paid out to holders of the Fund Bond Unit.        Fund Bond Unit Coupon     EFAMA review mention of "Bond"   MB Draft   Review 17-Feb-10
91 Relationship fact sets out terms for  The debt in the Fund, in which the holder of the Fund Bond Unit holds a portion. The unit sets out terms for this debt including terms for repayment and the payment of interest.        Fund Debt     EFAMA Review mention of Bond units.   MB Draft   Review  17-Feb-10
92 Thing Fund Bond Unit Coupon  A fixed coupon paid out to holders of the Fund Bond Unit.              EFAMA review mention of "Bond"   MB Draft   Review   17-Feb-10
93 Parent Is a       Timed Parameter           17-Feb-10
94 Relationship fact has policy terms  Terms for the expected distributions of coupon.       Fund Coupon Policy   This set of terms implied by existence of "Bond" fund unit types brought up in EFAMA reviews. No corresponding terms and written definitions available.   EFAMA Review   MB Draft.    Review  17-Feb-10
95 Thing Fund Cash Distribution Policy  Policy for distribution of cash dividends or notes in the event that the fund units have a distribution policy of "Cash" rather than "Reinvestment".              MB interpretation of EFAMA DD   MB Draft   Review   17-Feb-10
96 Parent Is a       Fund Unit Distribution Policy           17-Feb-10
97 Thing Fund Classification  The category of the fund according to the asset class. This is a published code by which the Fund is classified.            Could be EFCF codes.   This is the way in which "Type of fund" is articulated.   EFAMA DD = TypeOfFund   EFAMA DD   Review   17-Feb-10
98 Parent Is a       Classification           17-Feb-10
99 Relationship fact classifies  A fund classified by the Classification Scheme.        Fund     Inverse of EFAMA DD = TypeOfFund   MB Draft   Review  17-Feb-10
100 Thing Fund Classification Scheme  A published scheme for the category of a fund according to the asset class.             EFAMA DD implied   MB Draft   Review     17-Feb-10
101 Parent Is a       Classification Scheme           17-Feb-10
102 Relationship fact defines  The classification as defined in this Scheme.        Fund Classification         Review  17-Feb-10
103 Thing Fund Coupon Policy  Terms for the expected distribution of bond unit coupons.                  Review   17-Feb-10
104 Parent Is a       Fund Cash Distribution Policy           17-Feb-10
105 Relationship fact Coupon Payment Frequency The frequency with which income is allocated (or deemed to be allocated) to investors (eg. six-monthly, yearly, etc).       Frequency    A frequency will exist if there is Cash Distribution.   Comment: With this wording, may be appropriate as a common semantic or Fund Cash Distribution Policy, without the word "Dividend" in the term name.    EFAMA DD implied by Dividend Frequency   EFAMA DD   Review  17-Feb-10
106 Simple fact Coupon Payment Date    The date at which the coupon is distributed to the bond unit holder.     day and month        EFAMA DD = Payment Day   EFAMA DD adapted   Review  17-Feb-10
107 Simple fact Ex Coupon Date    The date at which the coupon is substracted from the NAV     day and month        EFAMA DD = Ex-coupon date   EFAMA DD   Review  17-Feb-10
108 Thing Fund Data Provider  A party which supplies market data to a fund.              EFAMA Review   MB Draft   Review   17-Feb-10
109 Parent Is a       Funds Processing Party           17-Feb-10
110 Relationship fact identified as  The business entity which fulfils the role of Data Provider for the Fund      Business Organization           17-Feb-10
111 Thing Fund Debt  Debt issued by a Fund.            This would normally be held by participants in that pool. in this case the pool is a fund which is formed by each of the participants extending credit to that pool and holding bond units in the pool representing that debt.    EFAMA Review mention of Bind unit implies this   MB Draft   Review   17-Feb-10
112 Parent Is a       Pool Debt         Review 17-Feb-10
113 Thing Fund Depositary  The party that holds and safeguards holdings owned by a fund. It is also responsible for compliance of the portfolio with legal ratios etc.            The depository may delegate custody to another entity (custodian).   EFAMA DD = Depositary   EFAMA DD   Yes   17-Feb-10
114 Parent Is a       Funds Processing Party           17-Feb-10
115 Relationship fact provides depositary service for  Provides depositary services for the Fund Unit.       Fund Unit     EFAMA Review   EFAMA review   Review  17-Feb-10
116 Thing Fund Distribution Policy  The overal diustribution policy or policy limitations for the fund itself.            Note that individual classes of Fund Unit also have specific distribution polcies as they effect that class of unit.  This class is for terms with wording of the form:   " ... whether or not it is possible to hold shares ..." for a given parameter.          17-Feb-10
117 Parent Is a       Policy           17-Feb-10
118 Thing Fund Distributor  an entity through which a fund may be bought by or for an investor. This may be on a discretionary or advisory basis, or as an execution-only service.             EFAMA DD = Distributor   EFAMA DD   Yes     17-Feb-10
119 Parent Is a       Funds Processing Party           17-Feb-10
120 Thing Fund Dividend Policy  Terms for the expected distributions of dividends.                 Review   17-Feb-10
121 Parent Is a       Fund Cash Distribution Policy           17-Feb-10
122 Relationship fact Dividend Payment Frequency The frequency with which income is allocated (or deemed to be allocated) to investors (eg. six-monthly, yearly, etc).       Frequency    If a roll-up fund has no deemed dividend payment, this fact does not apply. A frequency will exist if there is Cash Distribution.    EFAMA DD = Dividend Frequency   EFAMA DD   Review  17-Feb-10
123 Simple fact Dividend Payment Date    Day and month on which the dividends would normally be paid.      day and month        EFAMA DD = Payment Date   Unsure   Review  17-Feb-10
124 Simple fact Ex Div Date    The date at which the dividend is substracted from the NAV      day and month      Same as coupon date.   EFAMA DD = Ex-dividend date   EFAMA DD   Yes  17-Feb-10
125 Thing Fund Equity  A share or proportion of the capital gains in a fund.                  Review   17-Feb-10
126 Parent Is a       Pool Equity           17-Feb-10
127 Relationship fact represents an interest in        Fund           17-Feb-10
128 Thing Fund Investment Objective  The aim of a Fund e.g outperfom a given benchmark.            This could be broken down into other terms that can be itemised here, that are not in the EFAMA DD explicitly. Examples may include:   - Risk level   - Return   - Exposure to different markets   EFAMA DD = Funds Objective   EFAMA DD   Review   17-Feb-10
129 Parent Is a       Investment Objective           17-Feb-10
130 Relationship fact stated in  The fund objective is stated in the Fund Prospectus, e.g outperfom a given benchmark.        Fund Prospectus     EFAMA DD Narrative   MB from EFAMA DD notes   Review  17-Feb-10
131 Simple fact Stated Investment Aim    The stated aim of the Fund in words, e.g outperfom a given benchmark.     text        EFAMA DD = Funds Objective   EFAMA DD   Review  17-Feb-10
132 Simple fact Intended Risk Level        Risk Level Selection              17-Feb-10
133 Thing Fund Investment Policy  The policy within which the fund acts in order to achieve the stated fund objectives.           EFAMA Note: Model distinguishes between strategy (what you intend to invest in) and portfolio structure (what is held).  This semantics matches the EFAMA DD "Fund Investment Policy"   No stated definition in EFAMA DD ("Further discussion required").    EFAMA DD = FundInvestmentPolicy   MB draft. This semantics matches the EFAMA DD "Fund Investment Policy" - deduplcate. Facts in the archetype for Policy don't apply to this Thing.      17-Feb-10
134 Parent Is a       Policy           17-Feb-10
135 Relationship fact constrains  The overall Fund investment policy imposes constraints on the investment strategy for the Fund Portfolio.        Portfolio Investment Strategy       MB Draft   Review  17-Feb-10
136 Relationship fact stipulates benchmark  The benchmark identified in investment policy.       Benchmark 0..1 Restriction / policy fact as per EFAMA Review   EFAMA Review        17-Feb-10
137 Relationship fact defines        Fund Investment Restrictions Set           17-Feb-10
138 Thing Fund Investment Restrictions Set  Limitations that apply to the fund as a whole, such as risk factors. these are used to determine whether the fund is appropriate for a given type of investor to invest in.            These are defined by the overall Fund investment policy. Not the same as the detailed policies for investing in percentages of this or that.    EFAMA Review; implied by risk Factors terms in DD   MB Draft   Review   17-Feb-10
139 Parent Is a       Restriction           17-Feb-10
140 Relationship fact is part of        Fund Prospectus     EFAMA Review      17-Feb-10
141 Simple fact Percentage invested    The percentage of funds that is to be invested at any given time.     percentage      Assumption: This is not the percentage to be invested in a given asset class, market etc. as per the Portfolio policy limitations, but the percentage of funds in the fund as a whole, that are to be invested.    EFAMA Review   EFAMA Review   Review  17-Feb-10
142 Simple Fact  Type of Securities  The type of securities or other holdings that may be invested in.      undetermined     Can implement this in terms of a classification of those things.    EFAMA Review   EFAMA Review   Action  17-Feb-10
143 Relationship fact Minimum Rating Restriction The minimum rating of securities to be invested in.        Rating    A similar term has been added to Portfolio Investment Policy for indiviudal ratings-related investment policies / strategies.  This term exists if there is an overall policy restriction on ratings for the fund as a whole.   EFAMA Reviews   EFAMA Reviews   Yes  17-Feb-10
144 Simple fact Tracking error    See RiskFactors narrative in EFAMA DD    percentage              17-Feb-10
145 Simple fact Value At risk    See RiskClassification_NameOf in EFAMA DD  Applies to Fund not Portfolio.    percentage              17-Feb-10
146 Thing Fund Investor  A party which invests in the Fund. It does this by holding some tradable unit (which represents some stake) in that fund.            Facts about investor tolerance and so on, are facts about Investor.    EFAMA Review   MB Draft   Review   17-Feb-10
147 Parent Is a       Transferable Contract Holder           17-Feb-10
148 Relationship fact is unit holder  A Fund Unit whic hthe party holds, whereby it has an interest (investment) in that Fund.        Fund Unit     EFAMA Review   MB Draft   Review  17-Feb-10
149 Relationship fact incurs tax  Tax applicable to the Fund Investor.       Funds Tax     EFAMA Review   MB Draft   Review  17-Feb-10
150 Relationship fact incurs fees  The investor pays a fee for holding the unit.       Fee Payable     EFAMA Review   EFAMA Review   Review  17-Feb-10
151 Thing Fund Legal Contract  For a fund which is constituted under the law of contract, the contract that embodies the fund legal form.           From ISO FIBIM "Umbrella Fund" narrative:  In securities, a collective investment scheme that has a contractual or a corporate form. When it has a contractual form, a fund is constituted under either the law of contract or under the trust law and thus it is not a legal entity. In its corporate form, a fund is a legal entity and is structured as a company.   ISO FIBIM by inspection of Unbrella fund narrative   ISO FIBIM   Review   17-Feb-10
152 Relationship fact embodies  The constitution or articles that define the fund. These are embodied in the Contract.        Fund Legal Form Documentation     ISO FIBIM by inspection of Unbrella fund narrative   ISO FIBIM   Review  17-Feb-10
153 Thing Fund Legal Form  The legal form of the fund, eg Joint Stock Company, SPV etc.            This term does not cover the structure of the fund (Open or Closed, Open Ended or Closed Ended); these facts are covered in separate terms. This fact is the legal form which the fund takes, as a legal entity of some kind. It refers to a selection of possible legal forms, such as Joint Stock Company.   This has been defined as a separate, relative class of thing rather than simply a relationship, so as to be able to model relationships to the fund legal form regardless of what form that takes. For example, the various kinds of Stake" in the fund have a relationship to the legal entity which is the fund, regardless of what kind of entity that is.    EFAMA DD = Legal Form (part of semantic)   EFAMA DD adapted   Review   17-Feb-10
154 Parent Is a       Form           17-Feb-10
155 Relationship fact identified as  The legal form which is the legal form of the fund.        ONE OF Funds SPV OR Joint Stock Company OR Incorporated Company OR Contract   This selection may need to be broadened if there are other legal forms that a Fund may take. In principal it may take any legal form, but funds models seem to explicitly state this, so this logical combination should correspond to whatever may be in such a selection list (data model:enumeration).    EFAMA DD = Legal Form detail   MB Draft   Review  17-Feb-10
156 Thing Fund Legal Form Documentation  For a fund which is constituted under the law of contract, the constitution or articles that define the fund. These are embodied in a Contract.            From ISO FIBIM "Umbrella Fund" narrative:  In securities, a collective investment scheme that has a contractual or a corporate form. When it has a contractual form, a fund is constituted under either the law of contract or under the trust law and thus it is not a legal entity. In its corporate form, a fund is a legal entity and is structured as a company.   ISO FIBIM by inspection of Unbrella fund narrative   ISO FIBIM   Review   17-Feb-10
157 Parent Is a       Constitution           17-Feb-10
158 Thing Fund Management Company  The party that sets up the fund, decides the investment strategy, appoints the agents, and is responsible for the promotion and the marketing of the fund. It makes all of the important decisions related to the fund. Also called fund promotor or fund sponsor or fund manager.   Fund Manager; Fund Sponsor.           In the US: operates on a percentage of the Portfolio assets under management.    ISO FIBIM = FundManagementCompany; EFAMA DD = ManagementCompany (fka ManagementCompanyName)    ISO FIBIM and EFAMA DD Yes  17-Feb-10
159 Parent Is a       Business Organization           17-Feb-10
160 Thing Fund Manager  The party that sets up the fund, decides the investment strategy, appoints the agents, and is responsible for the promotion and the marketing of the fund. It makes all of the important decisions related to the fund. Also called fund promotor or fund sponsor.  This is a dupliucate of Fund Management Company at the moment   Fund Management Company.                 Action  17-Feb-10
161 Parent Is a       Funds Processing Party           17-Feb-10
162 Relationship fact identified as  The company which fulfils the role of Fund Manager. This is a specialist firm which specializes in fund management.        Fund Management Company     SR   MB Draft   Review  17-Feb-10
163 Thing Fund Order Desk  The Fund Order Desk is a party to the Fund Order Desk Account.            This party would presumably be identified as the Fund Management Company in terms of what legal entity fulcils this role? to be determined at further review.    ISO FIBIM implied   MB Draft based on ISO FIBIM   Action   17-Feb-10
164 Parent Is a       Account Provider           17-Feb-10
165 Relationship fact identity  Identity of the entity which is the Fund Order Desk. This is a Business Organization.        Business Organization   Refer to detailed terms of Business Organization for contact details such as address and phone.    SR structure   MB Draft   Review  17-Feb-10
166 Thing Fund Order Desk Physical Form Document  A phsyical form obtained through the main fund order desk.             ISO FIBIM implication   ISO FIBIM adapted   Review   17-Feb-10
167 Parent Is a       Written Information           17-Feb-10
168 Thing Fund Portfolio  An account containing a number of financial instruments along with cash positions in one or more currencies and belonging to a Fund                MB draft     17-Feb-10
169 Parent Is a       Investment Portfolio           17-Feb-10
170 Relationship fact incurs  Tax payable by the portfolio.       Funds Tax     EFAMA Review   EFAMA Review   Review  17-Feb-10
171 Relationship fact holds  Portfolio holds a balance of cash.        Cash Balance 1..* There may be one or more cash balances for a given portfolio. There will be one cash balance for each currency that is present in the portfolio.    EFAMA Review   MB Draft   Review 17-Feb-10
172 Relationship fact has strategy        Portfolio Investment Strategy           17-Feb-10
173 Relationship fact assessed against        Portfolio Benchmark           17-Feb-10
174 Relationship fact managed by  The person or entity responsible for day to day investment decisions for the fund.       Portfolio Manager     EFAMA DD = FundManager   EFAMA DD   Yes  17-Feb-10
175 Relationship fact has policy  The policy for investment of assets in the fund.   Further Notes  Known as Strategy in ISO FIBIM model. Semantics is vague. Could also assume this is the management strategy followed ("rough allocation" by the FM to achieve the stated aims in the Prospectus i.e. the advertised investment strategy. Or it could be both.   Modeled as Policy i.e. what the Fund Manager will invest in, in terms of minimum or maximum amounts or percentages of the portfolio in a number of asset constraints e.g. market, rating, currency, instrument class.        Fund Portfolio Investment Policy         Review  17-Feb-10
176 Relationship fact holds  Asset that is contained in the portfolio.       Portfolio Holding        ISO FIBIM   Review 17-Feb-10
177 Relationship fact incurs transaction fee  Transaction Fees incurred by the Fund Portfolio.        Fee Payable     EFAMA Review   EFAMA Review   Review  17-Feb-10
178 Relationship fact has  A fund portfolio has a given liquidity. This is defined as an asset.        Liquidity   Need a formal definition of liquidity in the sense intended and modeled here.    EFAMA Review   MB Draft   Action 17-Feb-10
179 Thing Fund Portfolio Investment Limitations  Detailed Policy on approximately how the portfolio is to be allocated to achieve the stated investment goals. This underpins the detailed strategy of how to achieve this.            Defined as "Strategy" in FIBIM and elsewhere.   WG11: Rough allocation of the portfolio.       Review   17-Feb-10
180 Parent Is a       Restriction           17-Feb-10
181 Simple fact Inclusion    Whether the referred strategy is included. No means this description refers to the exclusion of what is described, from the portfolio.      yes/no        ISO FIBIM = PortfolioStrategy:Inclusion   ISO FIBIM    17-Feb-10
182 Relationship fact Minimum Investment Amount Minimum amount that has to be invested in the specified strategy.      Monetary Amount            17-Feb-10
183 Simple fact Minimum Investment Percentage    Minimum percentage that has to be invested in the specified strategy.    percentage              17-Feb-10
184 Relationship fact Maximum Investment Amount Maximum amount that may be invested in the specified strategy.      Monetary Amount            17-Feb-10
185 Simple fact Maximum Investment Percentage    Maximum percentage that may be invested in the specified strategy.    percentage              17-Feb-10
186 Thing Fund Portfolio Investment Policy  Intended allocation of the portfolio to meet the stated investment strategy and goals.            ISO FIBIM: Rough allocation of the portfolio.   ISO FIBIM = PortfolioStrategy   ISO FIBIM extended   Review   17-Feb-10
187 Parent Is a existed twice?     Policy           17-Feb-10
188 Relationship fact constrains  The policy, including approximate limitations on what to invest in, will constrain the detailed day to day strategy pursued by the Fund Manager to achieve the stated objectives.        Portfolio Investment Strategy   The target of this relationship was labeled as a "Policy" in EFAMA DD but in dictionary terms is really a Strategy.   Assumption: Have assumed that the restrictions on what to invest in are part of the stated investment Policy (labeled Strategy in FIBIM and EFAMA DD) and not of the management policy "how you get there" (dictionary: Strategy)?       Review  17-Feb-10
189 Relationship fact defines allocations  Investment limits and guidelines for the Portfolio, defined or implied by the Fund Portfolio Investment Policy.        Fund Portfolio Investment Limitations   These restrictions form part of the stated Policy (FIBIM "Strategy") and not the management policy "how you get there" (dictionary: Strategy). Similar terms may apply for the latter but are not currently in this model. This depends whether the original ISO FIBIM terms were intended to provide a data model structure for both of the above meanings.   Note that these allocations usually are not as binding as the overall policy limitations on the fund about what may or may not be invested, but are more detailed as they are stated in terms of percentages.    Inspection of EFAMA definitions for policy   MB Draft   Review  17-Feb-10
190 Simple fact Name    Name given to the defined strategy.     text        ISO FIBIM = PortfolioStrategy:Name   ISO FIBIM    17-Feb-10
191 Simple fact Description    The manner in which the manager tries to reach the funds objectives   text      FIBIM definition: Free text description of the investment guideline, eg, rating requirements.   ISO FIBIM = PortfolioStrategy:Description; EFAMA DD = PolicyDescription   EFAMA DD   Yes  17-Feb-10
192 Simple fact Effective Period    Period during which the investment guideline is valid.     Date Period        ISO FIBIM = PortfolioStrategy:EffectivePeriod   ISO FIBIM   Review  17-Feb-10
193 Thing Fund Processing Form  The form of documentation or control mechanism required for some funds processing activity.            Equates to the "Physical Form" in SIO FIBIM for certain activities in funds processing. May or may not be a written physical document.   ISO FIBIM Definition: Specifies whether a physical form is required.   ISO FIBIM = Physical Form   MB Draft   Review   17-Feb-10
194 Parent Is a       Control Document           17-Feb-10
195 Relationship fact may be  A phsyical form obtained through the main fund order desk.       Fund Order Desk Physical Form Document 0..1   ISO FIBIM implication   ISO FIBIM adapted   Review  17-Feb-10
196 Simple fact Physical Document Required    Whether a phsyical form is required through the main fund order desk.  Yes: A phsyical form is required through the main fund order desk.  No: A phsyical form is not required through the main fund order desk.     yes/no        ISO FIBIM = FormCode:Required and FormCode:NotRequired   ISO FIBIM   Review    17-Feb-10
197 Simple fact Signature Required    Whether a phsyical form with the investor's written signature is required through the main fund order desk.  Yes:A phsyical form with the investor's written signature is required through the main fund order desk.     yes/no        ISO FIBIM = FormCode:SignatureRequired   ISO FIBIM   Review  17-Feb-10
198 Thing Fund Processing General Terms  Formal terms for general processing of the fund. These set out what the investor and the fund may or may not do.              ISO FIBIM = InvestmentFundClass AND ProcessingCharacteristics   MB Draft   Review   17-Feb-10
199 Parent Is a       Fund Processing Terms           17-Feb-10
200 Simple fact Holding Transferable    Whether registered investors are able to transfer some or all of their holdings to third parties.     yes/no        ISO FIBIM = ProcessingCharacteristics: HoldingTransferableIndicator   ISO FIBIM   Review  17-Feb-10
201 Simple fact Back End Load Applicable    Whether an exit charge, eg, CDSC, on redemption orders for this class can be applied.     yes/no      This applies to specific Fund Class - see FPP presentation. move   ISO FIBIM = ProcessingCharacteristics: BackEndLoadIndicator   ISO FIBIM   Action  17-Feb-10
202 Simple fact Switching Chargeable    Whether a switching charge for changing between sub-funds of the same umbrella can be applied.     yes/no        ISO FIBIM = ProcessingCharacteristics: SwitchingFeesIndicator   ISO FIBIM   Review  17-Feb-10
203 Relationship fact Minimum Remaining Holding Amount Minimum value of units/shares that must be retained to avoid automatic redemption.       Monetary Amount      ISO FIBIM = MinimumRemainingHoldingAmount   ISO FIBIM   Review  17-Feb-10
204 Simple fact Minimum Remaining Holding Units    Minimum number of units/shares that must be retained to avoid automatic redemption.     whole number        ISO FIBIM = MinimumRemainingholdingUnits   ISO FIBIM   Review  17-Feb-10
205 Relationship fact Authorized Country Country in which it is authorised to commercialise the fund.       Country    Need more precise semantics for this term. Possible meanings:  Authorised to be sold?  Authorised to be issued?   ISO FIBIM = AuthorisedCountry   ISO FIBIM   Action  17-Feb-10
206 Simple fact Dual Fund    Whether the fund has two prices.     yes/no        ISO FIBIM = InvestmentFundClass: DualFundIndicator   ISO FIBIM   Review  17-Feb-10
207 Simple fact Allowed Investor Type    Type of investor that can invest in the fund class.     Fund Investor Type Selection        ISO FIBIM = InvestmentFundClass:InvestorType   ISO FIBIM   Review  17-Feb-10
208 Relationship fact Minimum Holding Period Period, in days, during which the units/shares must be held following their issue before redemption will be permitted.       Known Date Duration      ISO FIBIM = MinimumHoldingPeriod   ISO FIBIM   Review  17-Feb-10
209 Thing Fund Processing Terms  Formal terms for processing of the fund. These set out what the investor and the fund may or may not do. These include terms for redemption and subscription processing as well as general processing terms.   ISO FIBIM definition:  Processing characteristics linked to the instrument, ie, not to the market.            These include Fund Subscription Terms, Fund Redemption Terms. and terms which relate to general processing and restrictions or otherwise on the holder.   FPP notes: FPP presentation identifies many of these terms under the heading of Valuation Dealing characteristics. May need to revise which goes where in line with FPP. See also terms under NAV Valuation Calculation Method.   Others of these terms appear in FPP under Instrument Restrictions. These cover the subscription, redemption and holding amounts and units and minimum holding period.    ISO FIBIM = ProcessingCharacteristics   ISO FIBIM   Action   17-Feb-10
210 Parent Is a       Contract Terms Set           17-Feb-10
211 Relationship fact has default settlement convention  The default settlement terms for units in the fund and for redemption of fund units.        Fund Units Settlement Terms Convention     EFAMA DD implied from settlement details   MB Draft   Review    17-Feb-10
212 Relationship fact defines main fund order desk account  The account used specifically in the processing of funds, as referenced in various terms for fund pricessing characteristics.       Funds Processing Account     ISO FIBIM = MainFundOrderDeskAccount   ISO FIBIM is blank   Review  17-Feb-10
213 Relationship fact Processing Country Country in which the processing characteristic applies.       Country      ISO FIBIM = ProcessingCharacteristics:Country   ISO FIBIM   Review  17-Feb-10
214 Simple fact Effective Date    Date/time as from which the processing characteristic is valid.      date      Dates for contractual terms are normally a fact about the contract of which they form part, but this is defined here for simplicity, since funds with different legal forms may mechanize these contractual terms in different kinds of contract.   ISO FIBIM = ProcessingCharacteristics: EffectiveDate   ISO FIBIM   Action  17-Feb-10
215 Simple fact Dealing Frequency Description    Description of frequency at which the subscriptions and redemptions are done.      text      REVIEW: Is this a real distinct fact or a data design feature? As it stands this just looks like an extra piece of text replicating the information in the two terms Subscription Dealing Frequency and Redemption Dealing Frequency. If so, delete this.    ISO FIBIM = ProcessingCharacteristics: DealingFrequencyDescription   ISO FIBIM   Action  17-Feb-10
216 Simple fact Main Fund Order Desk    Whether the fund order desk is the principal entity appointed by the fund to which orders should be submitted.     yes/no        ISO FIBIM = ProcessingCharacteristics: MainFundOrderDeskIndicator   ISO FIBIM   Review  17-Feb-10
217 Simple fact Decimal Place Rounding    Number of decimal places to which quantities of units/shares are rounded.     whole number        ISO FIBIM = ProcessingCharacteristics: Decimalisation   ISO FIBIM   Review  17-Feb-10
218 Thing Fund Promoter  An entity that promotes a fund. May be an investor, pension fund, bank, insurance company or management company             EFAMA DD = Promoter   EFAMA DD   Review   17-Feb-10
219 Parent Is a       Funds Processing Party           17-Feb-10
220 Thing Fund Prospectus  The Prospectus for the Fund. This is a document made available publicly for potential investors. It will include facts about the fund investment objective, investment focus and other details of the fund. Some of this information becomes binding on the fund once it is issued, while other information is guidelines only.            EFAMA Review description for this: The fund is issued with a prospectus; there is material in the prospectus that is binding; material that is expected but not binding, and information that may or may not be in the prospectus or a given fund.    EFAMA Review   MB Draft   Review   17-Feb-10
221 Parent Is a       Prospectus           17-Feb-10
222 Relationship fact outlines  The stated objective of the fund, in detail.       Fund Investment Objective     EFAMA DD narrative   MB based on EFAMA DD   Review  17-Feb-10
223 Relationship fact anticipates        Benchmark     EFAMA Review      17-Feb-10
224 Relationship fact Stated Management Fee The fee that is stated in the Prospectus as being what is to be charged for management.       Monetary Amount    Can be monetary amount or a percentage or a combination. Action - simple type is wrong.   EFAMA DD = Management fees   EFAMA Reviews   Action 17-Feb-10
225 Relationship fact Stated Distribution Fee       Monetary Amount            17-Feb-10
226 Simple fact Anticipated Volatility        percentage              17-Feb-10
227 Simple fact Stated objective    The stated objective of the fund, in words.      text        EFAMA DD narrative   MB based on EFAMA DD    17-Feb-10
228 Thing Fund Redemption Terms  Formal terms for redemption of units in the fund. These set out what the investor and the fund may or may not do.              ISO FIBIM = InvestmentFundClass AND ProcessingCharacteristics   MB Draft   Review   17-Feb-10
229 Parent Is a       Fund Processing Terms           17-Feb-10
230 Simple fact Redemption Cutoff Date Time    Last date/time at which an order to redeem can be given.      date and time      REVIEW - absolute time or time of day, year or what? Is this a term that applies "now" and may different next month or next year?   ISO FIBIM = ProcessingCharacteristics: RedemptionCutOffDateTime   ISO FIBIM   Review  17-Feb-10
231 Simple fact Redemption In Amount Allowed    Whether redemptions in amount are allowed.     yes/no        ISO FIBIM = ProcessingCharacteristics: RedemptionAmountIndicator   ISO FIBIM   Review  17-Feb-10
232 Simple fact Redemption Dealing Frequency    Frequency at which the redemptions are done.     Frequency        ISO FIBIM = ProcessingCharacteristics: RedemptionDealingFrequency   ISO FIBIM   Review  17-Feb-10
233 Relationship fact Redemption Form Physical written instruction/renunciation form for redemption of units/shares by the investor.        Fund Processing Form      ISO FIBIM = ProcessingCharacteristics: RedemptionForm   ISO FIBIM   Review  17-Feb-10
234 Simple fact Maximum Redemption Units    Maximum number of shares/units that may be redeemed on a single dealing day.     whole number        ISO FIBIM = InvestmentFundClass: MaximumRedemptionUnits; EFAMA DD = Maximum redemption units/shares    ISO FIBIM   Review  17-Feb-10
235 Relationship fact Maximum Redemption Amount Maximum quantity of securities, expressed as an amount that can be sold.       Monetary Amount      ISO FIBIM = InvestmentFundClass: MaximumRedemptionAmount; EFAMA DD = Maximum redemption value    ISO FIBIM   Review  17-Feb-10
236 Simple fact Maximum Redemption Percentage    Maximum quantity of securities, expressed as a percentage that can be sold.     percentage        ISO FIBIM = InvestmentFundClass: MaximumRedemptionPercentage   ISO FIBIM   Review  17-Feb-10
237 Simple fact Additional Redemption Restrictions    Any other restrictions that may limit an investor's ability to redeem.  Valid entries are "Refer to Fund Order Desk", where such restrictions exist, or "Not Applicable".     Fund Additional Redemption Restrictions Selection      As it stands this could be a Yes/No term for Refer to Fund Order Desk. Kept as a list in case other (mutually exclusive) entries may apply. However, only add things to such a list if they are mutually exclusive with each other and with this existing entry. Else do as new Yes/No terms.    EFAMA DD = Other redemption restrictions    EFAMA DD adapted   Review  17-Feb-10
238 Relationship fact Redemption Period Specific period, eg, for some guaranteed funds, during which the units/shares may be redeemed.        Date Period      ISO FIBIM = ProcessingCharacteristics: RedemptionPeriod   ISO FIBIM   Review  17-Feb-10
239 Thing Fund Reinvestment Policy  Terms for the expected reinvestment of profits on fund units.              EFAMA DD = Reinvestment Frequency   MB Draft   Review   17-Feb-10
240 Parent Is a       Fund Unit Distribution Policy           17-Feb-10
241 Simple fact Distribution With Reinvestment    It is possible to hold shares for which the accrued income is distributed, but then reinvested automatically in additional units/shares allocated to the investor.     yes/no    Yes This entry is Yes, therefore Cash Distribution must also be Yes.  Question: From the definition I would expect the opposite i.e. CAsh distribution should be No. Have assumed this elsewhere in the model.    EFAMA DD = Distribution with reinvestment, cloned   EFAMA DD   Review 17-Feb-10
242 Relationship fact Reinvestment Frequency For units where there is Reinvestment distribution, the frequency with which the reinvestment takes place (this will be the same or less frequently than the Dividend Payment Frequency), otherwise this fact does not apply.       Frequency      EFAMA DD = Reinvestment frequency   EFAMA DD adapted   Review  17-Feb-10
243 Thing Fund Reporting Terms  Terms describing the accounting methods and reporting arrangements used by the fund.             ISO FIBIM = FundAccountingInformation   ISO FIBIM Adapted   Review   17-Feb-10
244 Parent Is a       Information           17-Feb-10
245 Simple fact End Of Fiscal Year    Day and month on any given year at which the books are closed and profit and loss is determined.      day and month      WG11 has this as Date/time, but also did not use day of month, opting for an unusable date time datatype.    ISO FIBIM = EndOfFiscalYear   ISO FIBIM adapted   Review  17-Feb-10
246 Simple fact First Accounting Year End Date    Last day of the first accounting year for the fund.     date        ISO FIBIM = FundAccountingInformation: FirstAccountingYearEndDate   ISO FIBIM   Review  17-Feb-10
247 Simple fact Accounting Year End Date    Last day of the accounting year for the fund.     day and month        ISO FIBIM = FundAccountingInformation: AccountingYearEndDate   ISO FIBIM   Review  17-Feb-10
248 Simple fact Accounting Reporting Frequency        AccountsReporting Frequency Selection              17-Feb-10
249 Thing Fund Share Class Unit  The legal structure in which you can purchase part of an investment pool, defined by a variety of characteristics like investor type, minimum size of investment, distribution type, fee and currency.  A fund unit which gives the holder an equity stake in the fund.            From review sessions:  Theoretically you can buy a fraction of a share in a fund. This would depend on the legal structure of the fund, e.g. a minimum investment.   There is always a distribution plan.    EFAMA DD = ShareClass   EFAMA DD   Yes   17-Feb-10
250 Parent Is a       Fund Unit           17-Feb-10
251 In Union Classified as Equity     Equity Instrument           Review 17-Feb-10
252 Relationship fact has distribution policy  Income policy relating to the unit, e.g. if income is paid out or retained in the fund and how this is treated.       Fund Unit Distribution Policy     EFAMA DD = distributionPolicy   EFAMA DD adapted   Review  17-Feb-10
253 Relationship fact confers ownership of        Fund Equity           17-Feb-10
254 Relationship fact has expected dividend  Expected distributions of dividends. A dividend paid out to holders of the Fund Share Class Unit.        Fund Share Class Unit Dividend     EFAMA DD Distribution Policy implies this   ISO FIBIM Definition extended   Review   17-Feb-10
255 Simple fact Limited Shares Are Issued    Whether or not new shares can be issued in the fund. This is what makes it a closed end or open end fund.      yes/no          Review sessions?    17-Feb-10
256 Relationship fact Inception Date Authorization date in the country of origin.   Further Notes  See definition in Inception Date for Fund. Separate fact exists here. Same definition used.  EFAMA Review notes:  Inception Date exists as soon as there is a prospectus, so it is a fact about a Share Class even if the share class is never formally issued or offered to the public. Legal structure exists even if something is not launched.   Editor question: Review stated this was a fact about Share Class; confirm this fact does not apply to Bond and Note units, or was the term Share Class being used to mean all three? Meanwhile I have put the term "Issue Date" as a fact about all Fund Unit, as this is given a sa separate term in the EFAMA DD spreadsheet. MAy come clearer in the next version of that.        Date      EFAMA Review   EFAMA Review   Action  17-Feb-10
257 Thing Fund Share Class Unit Dividend  Expected dividend payment from a Fund Unit.   REVIEW: Does this apply to the Fund as a whole or to a unit in the fund?  This term will be redefined following the Funds model restructuring                 Superseded   17-Feb-10
258 Parent Is a       Timed Parameter         Superseded 17-Feb-10
259 Relationship fact has policy terms  Terms for the expected distributions of dividends.       Fund Dividend Policy   This set of terms originated from WG11 but individual facts are derived from EFAMA DD where shown. Remaining facts may be obsolete.      MB Draft.     17-Feb-10
260 Thing Fund Subscription Terms  Subscription terms for the fund.            ISO FIBIM, EFAMA DD and FPP combine terms for subscription, redemption and general holding requirements. These have been separated here as they are different kinds of term, but this can be reviewed.   Subscription Terms are identified as terms of the fund and not the fund unit, since terms for how you might subscribe can't be binding one someone who has not yet subscribed.    ISO FIBIM = InvestmentFundComponent   MB Draft   Review   17-Feb-10
261 Parent Is a       Fund Processing Terms           17-Feb-10
262 Relationship fact relate to  The fund units to which these subscription terms apply. These are the individual class of units that may be subscribed to under the subscription terms set out herein.        Fund Unit     SR structure and semantics requirements   MB Draft   Review  17-Feb-10
263 Simple fact Minimum Initial Subscription Units    Minimum initial number of units/shares that must be purchased.     whole number        ISO FIBIM = InvestmentFundClass: MinimumInitialSubscriptionUnits; EFAMA DD = Initial subscription minimum units/shares    ISO FIBIM   Review  17-Feb-10
264 Relationship fact Minimum Initial Subscription Amount Minimum initial subscription value.       Monetary Amount      ISO FIBIM = InvestmentFundClass: MinimumInitialSubscriptionAmount; EFAMA DD = Initial subscription minimum value   ISO FIBIM   Review  17-Feb-10
265 Simple fact Minimum Subscription Units    Minimum number of units/shares that must be purchased by existing investors.     whole number        ISO FIBIM = InvestmentFundClass: MinimumSubscriptionUnits; EFAMA DD = Subsequent subscription minimum units/shares    ISO FIBIM   Review  17-Feb-10
266 Relationship fact Minimum Subscription Amount Minimum subscription value for existing investors.       Monetary Amount      ISO FIBIM = InvestmentFundClass: MinimumSubscriptionAmount; EFAMA DD = Subsequent subscription minimum value   ISO FIBIM   Review  17-Feb-10
267 Relationship fact Initial Application Form Physical application form for the initial subscription by the investor.        Fund Processing Form      ISO FIBIM = ProcessingCharacteristics: InitialApplicationForm   ISO FIBIM   Review  17-Feb-10
268 Relationship fact Subsequent Application Form Physical application form for subsequent investments by the same investor.        Fund Processing Form      ISO FIBIM = ProcessingCharacteristics: ApplicationForm   ISO FIBIM   Review  17-Feb-10
269 Simple fact Front End Load Applicable    Whether a front end charge on subscription orders for this class can be applied.     yes/no      Per FPP presentation this term belongs to Unit class.    ISO FIBIM = ProcessingCharacteristics: FrontEndLoadIndicator   ISO FIBIM   Review  17-Feb-10
270 Simple fact Subscription Cutoff Date Time    Last date/time at which an order to subscribe can be given.      date and time      REVIEW - absolute time or time of day, year or what? Is this a term that applies "now" and may different next month or next year?   ISO FIBIM = ProcessingCharacteristics:  SubscriptionCutOffDateTime   ISO FIBIM   Review  17-Feb-10
271 Simple fact Subscriptions In Amount Allowed    Whether subscriptions in amount are allowed.     yes/no        ISO FIBIM = ProcessingCharacteristics: SubscriptionAmountIndicator   ISO FIBIM   Review  17-Feb-10
272 Relationship fact Subscription Dealing Frequency Frequency at which the subscriptions are done.       Frequency      ISO FIBIM = ProcessingCharacteristics: SubscriptionDealingFrequency   ISO FIBIM   Review  17-Feb-10
273 Relationship fact Subscription Period Specific period, eg, for some guaranteed funds, during which the units/shares may be subscribed to.       Date Period      ISO FIBIM = ProcessingCharacteristics: SubscriptionPeriod   ISO FIBIM   Review  17-Feb-10
274 Relationship fact Purchasing Fee Actual percentage or fixed amount of money due when purchasing fund shares       Fee      EFAMA DD = purchasingfees   EFAMA DD   Review  17-Feb-10
275 Relationship fact Maximum Purchasing Fee Maximum percentage or fixed amount of money due when purchasing fund shares       Fee      EFAMA DD = maximumpurchasing fees    EFAMA DD   Review  17-Feb-10
276 Relationship fact Switching Fee Actual percentage or fixed amount of money due when switching to another fund.       Fee      EFAMA DD = switching fees   EFAMA DD   Review  17-Feb-10
277 Relationship fact Redemption Fee Actual percentage or fixed amount of money due when redeeming fund shares       Fee      EFAMA DD = redemption fees   EFAMA DD   Review  17-Feb-10
278 Relationship fact Maximum Redemption Fee Maximum percentage or fixed amount of money due when redeeming fund shares       Fee      EFAMA DD = Maximum redemption fees   EFAMA DD   Review  17-Feb-10
279 Relationship fact Performance Fee Fees paid for the achivements of predefined outperformance objectives       Fee      EFAMA DD = performance fee   EFAMA DD   Review  17-Feb-10
280 Thing Fund Supervisory Authority  The legal entity which supervises the fund or fund industry             EFAMA DD = SupervisoryAuthority   EFAMA DD   Review   17-Feb-10
281 Parent Is a       Party           17-Feb-10
282 Relationship fact identified as  The legal entity which is the fund supervisory authority.        Legal Entity     EFAMA DD = SupervisoryAuthority narrative   MB Draft   Review  17-Feb-10
283 Thing Fund Transfer Agent  An entity that undertakes the execution of subscription, redemption and switch orders on behalf of a fund.             EFAMA DD = Transfer Agent   EFAMA DD   Yes   17-Feb-10
284 Parent Is a       Funds Processing Party           17-Feb-10
285 Thing Fund Unit  A unit in a fund, which may be traded and is a contract between the fund and the holder of that unit.            If it is a closed fund, you can still trade the units. You trade back with the fund. Not with a counterparty. Therefore this is a tradable contract, though it may not necessarily be a transferrable contract.          17-Feb-10
286 Parent Is a       Transferable Contract           17-Feb-10
287 Relationship fact incurs fees  Fees payable in relation to the unit.       Fee Payable     EFAMA Review   EFAMA Review   Review  17-Feb-10
288 Relationship fact identifier  Identification of the Fund Unit by way of some identification code.        Security Identifier     EFAMA DD = InternationalSecurityCode and NationalSecurityCode   EFAMA DD   Review  17-Feb-10
289 Relationship fact has identifier  Identification of the Fund Unit by way of the International Securities Identification Number (ISIN).       ISIN   Further Notes from EFAMA DD Definition  A numbering system designed by the United Nation's International Organisation for Standardisation (ISO). The ISIN is composed of a 2-character prefix representing the country of issue, followed by the national security number (if one exists), and a check digit. Each country has a national numbering agency that assigns ISIN numbers for securities in that country.  Editor comment:The above seems like pointless detail here - kept for cross reference for now.   EFAMA DD = InternationalSecurityCode   EFAMA DD   Review  17-Feb-10
290 Relationship fact has terms  Terms relating specifically to the redemption of these units in the fund.        Fund Redemption Terms   These are modeled as being terms of the fund unit, i.e. if you are a fund unit holder these terms apply to that unit.    SR structure and narrative notes   MB Draft   Review  17-Feb-10
291 Relationship fact has performance  Performance is a measure of the Fund Unit.        Fund Unit Performance   Always a fact about share class, never about fund. For example if the management fee is different then the performance will end up being different, and these are defined in the rules in the prospectus for the different share classes. So offer v bid - if you include the offer charges the perfornace would also be different - they have different entry fees.    EFAMA Review   EFAMA Review   Review  17-Feb-10
292 Relationship fact incurs tax  Tax payable in relation to the unit.       Funds Tax     EFAMA Review   EFAMA Review   Review  17-Feb-10
293 Relationship fact denomination currency  Denomination Currency of the fund - Currency in which a fund unit is issued or redenominated.        Currency   This is the same as the currency of the NAV calculation.   EFAMA DD = FundCurrency   EFAMA DD adapted   Yes  17-Feb-10
294 Relationship fact legally recorded in  The jurisdiction in which the fund unit is legally recorded for regulatory purposes.       Jurisdiction     EFAMA DD = fund:Jurisdiction   EFAMA DD   Review  17-Feb-10
295 Relationship fact has price  The price of the Fund Unit.       Fund Price     EFAMA Review   EFAMA Review   Review  17-Feb-10
296 Relationship fact has details Information on the net asset value calculation of the investment fund component.       Net Asset Value Calculation Method   Review and confirm whether this is a fact about each individual Fund Unit, aout the Fund as a whole, or if there is a similar term for both .   ISO FIBIM = NetAssetValueCalculation   ISO FIBIM   Review  17-Feb-10
297 Relationship fact has terms  Terms relating specifically to the holding of these units in the fund.        Fund Processing General Terms   These are modeled as being terms of the fund unit, i.e. if you are a fund unit holder these terms apply to that unit.    SR structure and narrative notes   MB Draft   Review 17-Feb-10
298 Simple fact Issue Price    The price at which the Fund Unit was first issued.      Price        EFAMA DD - Issue Price   MB Draft (EFAMA Def was blank).    Review  17-Feb-10
299 Simple fact Fund Class Type Identifier    A textual identification of the class of fund units. This is used to uniquely identify a particular class of fund units, and thereby identify features of this type of unit within the fund.      text      For example, a unit may have a specific load structure, eg, front end or back end, an income policy, eg, pay out or accumulate, or a trailer policy, eg, with or without. Fund classes are typically denoted by a single character, eg, Class A, Class 2.  Background:  Original FIBIM definition describes a whole new set of terms, definitions and enumerated values that those terms may take. These are similar to, but distinct from, the equivalent terms for subscription and redemption that are defined as terms for the fund as a whole.  HOWEVER: The last line in the FIBIM description identifies this term as a single letter or number which is understood to mean the class type, i.e. a selectable list of types Class A, Class 2 etc. Similar to Equities class types e.g. Class A Shares. In other words, the original written definition for the term is incorrect, in that it defines the implication of this term, not the meaning of the term itself.   EFAMA DD "FundCode" may be equivalent, if this is applied ot the unit and not th efund overall.   Further work:Identify whether and how to define the different characteristics identified in th eFIBIM definition, at the level of the fund unit. We currently have similar terms at overall Fund level / defaults only.    ISO FIBIM = InvestmentFundClass:ClassType   MB Draft based on ISO FIBIM narrative   Action  17-Feb-10
300 Simple fact Issue Date    Date of first NAV calculation and start of performance calculations (same as launch date)     date      We need to verify how this differs from several other terms in the EFAMA DD that have similar names and descriptions, and we need to identify which facts apply to Fund, to all Fund Unit, and to Share Unit specifically. Terms to cross reference and de-duplicate include Inception Date, First NAV Date and Launch Date. EFAMA DD = issue date   EFAMA DD   Action  17-Feb-10
301 Thing Fund Unit Distribution Policy  Income policy relating to the unit, e.g. if income is paid out or retained in the fund and how this is treated, including distribution policy details for dividends and coupons.             EFAMA DD = distributionPolicy; ISO FIBIM = PortfolioStrategy:DistributionPolicy   EFAMA DD extended; ISO FIBIM   Review   17-Feb-10
302 Parent Is a       Policy           17-Feb-10
303 Simple fact Distribution With Reinvestment    It is possible to hold shares for which the accrued income is distributed, but then reinvested automatically in additional units/shares allocated to the investor.     yes/no      If this entry is Yes, Cash Distribution must also be Yes.   EFAMA DD = Distribution with reinvestment   EFAMA DD   Yes  17-Feb-10
304 Simple fact Fund Unit distribution Policy    Income policy relating to a class type, ie, if income is paid out or retained in the fund.     Fund Unit Distribution Policy Selection        ISO FIBIM and EFAMA DD Review   EFAMA DD and ISO FIBIM   Yes  17-Feb-10
305 Thing Fund Unit Holding  A holding of a unit in another fund.                MB Draft   Review   17-Feb-10
306 Parent Is a       Portfolio Holding           17-Feb-10
307 Relationship fact consists of   Holding is of shares or units in other funds.       Fund Unit 0..*   EFAMA Reviews   MB Draft   Review 17-Feb-10
308 Thing Fund Units Settlement Terms Convention  Default settlement terms which may apply to a fund, trading of for units in the fund and for redemption of fund units.            From EFAMA DD Review Notes:  Default settlement terms. Related to the Unit. Usually the terms are set already at the fund level, and won't vary at share class level between different share classes, but they are facts about the share classes / Notes / Bonds i.e. what you can trade. In fact this happens already - different kinds of investors may have different settlement dates. In this example you announce it earlier - not the same. This may be a separate fact.    EFAMA DD implied from settlement details   MB Draft   Review   17-Feb-10
309 Parent Is a       Security Settlement Convention           17-Feb-10
310 Simple fact Settlement Period In Business Days    The last business day following the day on which a subscription order is priced (T) by which settlement will be due for orders placed with the main Fund Order Desk, eg. T+3.     whole number      Supersedes the simple fact "Settlement Period in Business Days" in the Settlement Terms Convention.   EFAMA definition includes the following which is here defined as a separate term:  'Enter "P" (pre-payment) if cleared funds may be required before a subscription order can be executed.'  ISO FIBIM definition reads:  Last business day following the price date by which settlement will be due in respect of subscription orders   EFAMA DD = Settlement cycle for subscriptions for main Fund Order Desk; ISO FIBIM = Subscription Settlement Cycle   EFAMA DD   Review  17-Feb-10
311 Simple fact Clear Funds Required    Whether cleared funds may be required before a subscription order can be executed.     yes/no        EFAMA DD = Settlement cycle for subscriptions for main Fund Order Desk (part of narrative)   EFAMA DD   Review    17-Feb-10
312 Simple fact Redemption Cycle In Business Days    The last business day following the day on which a redemption order is priced (T) by which settlement will be due for orders placed with the main Fund Order Desk.  Alternatively, if proceeds will be paid following receipt of written renunciation, the last business day following receipt of the relevant renunciation documentation by the main Fund Order Desk (R) by which the proceeds will be sent.     whole number      Examples of the above would be T+3, R+4 etc.  Action: Modeled as whole number, need a term to distinguish T and R as above.   ISO FIBIM definition reads:  Last business day following the price date by which settlement will be due in respect of redemption orders.   EFAMA DD = Settlement cycle for redemptions for main Fund Order Desk; ISO FIBIM = Redemption Settlement Cycle   EFAMA DD   Action  17-Feb-10
313 Thing Funds Processing  The context of managing and processing funds, issuing funds units etc. This is the context in which the different parties involved in a fund are defined as parties.                MB Draft     17-Feb-10
314 Parent Is a       Relationship Context           17-Feb-10
315 Relationship fact party role        Funds Processing Party           17-Feb-10
316 Thing Funds Processing Account  An account used specifically in the processing of funds. Like all accounts this is (per FIBIM definition) a business relationship between two entities; one entity is the account owner, the other entity is the account servicer. Please refer to Financial global model for treatment of accounts relationships in this model.            Derived from FIBIM definition for "Account", which is: "Business relationship between two entities; one entity is the account owner, the other entity is the account servicer." this corresponds to the Global Terms definition for Account.    ISO FIBIM implied   ISO FIBIM adapted   Review   17-Feb-10
317 Parent Is a       Account           17-Feb-10
318 Relationship fact provided by        Fund Order Desk           17-Feb-10
319 Thing Funds Processing Party  A party involved in the processing of funds in some way.                    17-Feb-10
320 Parent Is a       Party           17-Feb-10
321 Thing Funds Processing Passport  The Funds Processing Passport. This is defined as a document. This has terms drawn from elsewhere in the model which are defined as part of the FPP for reasons defined in the FPP descriptions.            Please see FPP Data Descriptions for more information (when available - not included in this model). See EFAMA website for this.   Also see XLS for terms of this. These terms are often but net necessarily part of the Prospectus. See also the Thing Formerly Referred To As Investment.   The definitions in the FPP descriptions may not be accurate. This is defining what kind of information is requested.   Further Action:  Now that we have defined sets of formal contractual terems for subvscriptions, redemptions and general terms, and since these terms don't have a direct relationship to any one Contract at present (as contractual terms should do), there may be a relationship between those terms and the FPP. To be handled in next review.        Action   17-Feb-10
322 Parent Is a       Written Information           17-Feb-10
323 Relationship fact has information about  Funds Processing Passport relates to processing of Fund Unit       Fund Unit     EFAMA Review   MB Draft   Review  17-Feb-10
324 Relationship fact may be defined in  FPP information may be contained in Funds Prospectus.        Fund Prospectus     EFAMA Review   MB Draft   Review  17-Feb-10
325 Relationship fact may set out  Terms defined for the Fund which are defined as part of the FPP for reasons defined in the FPP descriptions.        Fund Processing Terms     EFAMA Review   MB Draft   Review  17-Feb-10
326 Thing Hedge Fund  Definition needed  Review notes (EFAMA?)  Also only closed ended according to regulations.   This is not always a kind of closed fund.                  Action   17-Feb-10
327 Parent Is a       Fund           17-Feb-10
328 Thing Investment Advisor  The party that provides investment guidance at a fee.             EFAMA DD = Investment Advisor   EFAMA DD   Yes   17-Feb-10
329 Parent Is a       Funds Processing Party           17-Feb-10
330 Relationship fact identified as        Business Organization           17-Feb-10
331 Thing Jurisdiction Strategy  Strategy which is jurisdiction based.                   17-Feb-10
332 Parent Is a       Fund Portfolio Investment Limitations           17-Feb-10
333 Relationship fact identifies  The Jurisdiction identified in the strategy.        Jurisdiction       MB Draft    17-Feb-10
334 Thing Liquidity  Precise definition needed for liquidity, and check that it is modeled accordingly.                  Action   17-Feb-10
335 Parent Is a       Asset           17-Feb-10
336 Relationship fact denominated in  The currency in which the liquidity is expressed.        Currency       MB Draft    17-Feb-10
337 Thing Net Asset Value Calculation Method  Parameters for the calculation of the net asset value for an investment fund/fund class.           These terms were in the ISO FIBIM model but correspond to some details in the EFAMA DD.    ISO FIBIM = NetAssetValueCalculation   ISO FIBIM   Review   17-Feb-10
338 Parent Is a       Method           17-Feb-10
339 Relationship fact is calculated in  The currency of the net asset value calculation.       Currency     EFAMA DD = FundCurrency; ISO FIBIM = currency in NetAssetValueCalculation   EFAMA DD adapted   Yes  17-Feb-10
340 Relationship fact Valuation Frequency Frequency of the net asset value calculation.       Frequency      ISO FIBIM = ValuationFrequency; EFAMA DD = NAVFrequency   ISO FIBIM   Review  17-Feb-10
341 Simple fact Declaration Channel    Means of the net asset value publication, eg, a newspaper.    text      This can likely be changed for a relationship property to a publisher.  Assume this is part of the method for this, stated for all time for the fund, and not a specific channel each time a NAV is published. If the latter, need to change this model. ISO FIBIM was a miX of once-off and for all time terms.    ISO FIBIM = DeclarationChannel   ISO FIBIM    Review  17-Feb-10
342 Relationship fact Valuation Frequency Textual Description Description of the frequency of the net asset value calculation.      text    REVIEW whether this is a distinct fact or just a data feature.   ISO FIBIM = ValuationFrequency   ISO FIBIM   Review  17-Feb-10
343 Simple fact Historic Pricing Indicator    Indicates whether the price is historic or forward.      yes/no      EFAMA review: This is a calculation method. It is NOT a statement about whether the figure in time is one or the other.   FPP has this under Valuation Dealing Characteristics.    ISO FIBIM = HistoricPricingIndicator   ISO FIBIM   Review  17-Feb-10
344 Thing Note Fund Unit  Need a legal definition - to follow. This is one of the mechanisms by which an investor may hold an interest in a fund, but is not a Bond or a Share.            It is not possible to determine at this time whether some of the policy facts that apply to bund and share class units apply to all fund units including this one. Once this is defined, all Fund Distribution Policy terms and relationships should be rechecked.       Action   17-Feb-10
345 Parent Is a       Fund Unit           17-Feb-10
346 Thing Note Stake In Fund  A stake held in a fund by way of a note.          Need a legal definition - to follow. This is one of the mechanisms by which an investor may hold an interest in a fund, but is not a Bond or a Share. Therefore it's not clear what sort of stake to label this as - usually a stake in anything must be either equity or debt.    EFAMA Review sessions   MB Draft   Action   17-Feb-10
347 Parent Is a       Stake In Fund           17-Feb-10
348 Relationship fact defines relationship with  The relationship with the legal entity which embodies the fund, implied or defined by a note-based stake in the fund.       Fund Legal Form   The entity itself may be a joint stock company, SPV or some other kind of entity. It is the entity which is the issuer of fund units.   From EFAMA Review:  The relationship with the issuing entity is different if you hold a note or a bond, to if you hold a share class.    EFAMA Review   MB Draft   Review  17-Feb-10
349 Logic ONE OF Funds SPV OR Joint Stock Company OR Incorporated Company OR Contract  One of the following: A Funds Special Purpose Vehicle, a Joint Stock Company or an Incorporated Company; or for a fund that is constitued under the law of contract, the contract that embodies the fund legal constitution.            This selection may need to be broadened if there are other legal forms that a Fund may take. In principal it may take any legal form, but funds models seem to explicitly state this, so this logical combination should correspond to whatever may be in such a selection list (data model:enumeration).    EFAMA DD = Legal Form detail   MB Draft   Review   17-Feb-10
350 Relationship fact selection  The fund legal form is a joint stock company       Joint Stock Company     ISO FIBIM by inspection of Unbrella fund narrative   ISO FIBIM   Review 17-Feb-10
351 Relationship fact selection  The fund legal form is a contract.       Fund Legal Contract     ISO FIBIM by inspection of Unbrella fund narrative   ISO FIBIM   Review 17-Feb-10
352 Relationship fact selection  The fund legal form is a special purpose vehicle.       Funds SPV     ISO FIBIM by inspection of Unbrella fund narrative   ISO FIBIM   Review 17-Feb-10
353 Relationship fact selection  The fund legal form is an incorporated company       Incorporated Company     ISO FIBIM by inspection of Unbrella fund narrative   ISO FIBIM   Review 17-Feb-10
354 Thing Organization Strategy  Strategy which is organization based.                   17-Feb-10
355 Parent Is a       Fund Portfolio Investment Limitations           17-Feb-10
356 Thing Other Investment Fund Information  Things which are not part of the prospectus but are important if you want to understand the fund.            See terms in EFAMA spreadsheet. These are properties of the fund but are not legally binding.   Author follow-up note: I have managed to find a "home" for disposition for most of the entries that are in the spreadsheet. It is not clear which of the spreadsheet terms are indended to come under the general heading in this class. The first place I would look is in the terms I have defined as "Fund Processing Terms", which are defined as formal, legal contractual terms. If any of those are not legally binding on some party, then this is where they belong instead.    EFAMA review sessions   EFAMA Review   Action   17-Feb-10
357 Parent Is a       Information           17-Feb-10
358 Thing Performance Determination Method  A method for performance determination (e.g. Time weighted and money weighted, annualized, gross of fee) aling with the time frame in which this is determined.              EFAMA DD = Performances Method   PLUS Performances NamePeriod   EFAMA DD   Yes   17-Feb-10
359 Parent Is a       Method           17-Feb-10
360 Simple fact Performance Determination Timeframe    The timeframe on which the performance is reported (e.g. 1month, 1 year, YTD).     Date Period        EFAMA DD = Performances NamePeriod   EFAMA DD   Yes  17-Feb-10
361 Simple fact Performance Determination Method    The definition of the performance method (e.g. Time weighted and money weighted, annualized, gross of fee).     Performance Determination Method Selection        EFAMA DD = Performances Method   EFAMA DD   Yes  17-Feb-10
362 Thing Portfolio Benchmark  Security or other price against which the performance of the portfolio is evaluated.                   17-Feb-10
363 Parent Is a       Specification           17-Feb-10
364 Relationship fact defines benchmark  The reference index to measure the fund performance.       Benchmark       EFAMA DD   Yes  17-Feb-10
365 Relationship fact applies to         Fund Portfolio           17-Feb-10
366 Simple fact Benchmark Weight    Instrument weighting in the benchmark for the portfolio.    percentage              17-Feb-10
367 Simple fact Maximum Deviation    Maximum allowable deviation from the benchmark.    percentage              17-Feb-10
368 Simple fact Minimum Deviation    Minimum allowable deviation from the benchmark.    percentage              17-Feb-10
369 Relationship fact Effective Period Period during which the instrument is used as a benchmark for the portfolio.      Date Period            17-Feb-10
370 Simple fact Description    Description of the benchmark used to determine the performance of a portfolio.    text              17-Feb-10
371 Thing Portfolio Investment Strategy  The manner in which the portfolio manager tries to reach the funds objectives.   Policy Description.           Describes how you get there. E.g fully invested v not fully invested.  MB Note: The terms labeled "Strategy" in EFAMA and in FIBIM are more like dictionary definition of policy, while "How you get there" is a dictionary definition of Strategy. Therefore original labels may be reversed from dictionary definition of the global semantics these are derived from.    EFAMA DD = PolicyDescription   EFAMA DD   Review  17-Feb-10
372 Parent Is a       Investment Strategy           17-Feb-10
373 Relationship fact to fulfil        Fund Investment Objective     SR workings      17-Feb-10
374 Simple fact Investment Focus    The information about the area the fund is mostly invested into (for example stock market in Germany).     text      For instance focus within the stated strategy, but not binding.   EFAMA DD = InvestmentFocus   EFAMA DD   Review  17-Feb-10
375 Thing Portfolio Manager  Person or entity responsible for day to day investment decisions for a fund or asset.             EFAMA DD = FundManager   EFAMA DD   Yes   17-Feb-10
376 Parent Is a       Actor           17-Feb-10
377 Relationship fact has contact details  The contact details for the Portfolio Manager with the organisation that he or she works for.        Process Actor Contact Information     EFAMA DD = Contact   MB Draft    17-Feb-10
378 Relationship fact is part of  The business organization for which the Portfolio Manager works is the Fund Management Company.       Fund Management Company     EFAMA Review   MB Draft   Review  17-Feb-10
379 Thing Preferred share in fund  A share unit in a fund, which is classified as a Preferred Share class.            SR Review session notes:  US: Closed and open ended funds may have common and preferred shares.        Review   17-Feb-10
380 Parent Is a       Fund Share Class Unit           17-Feb-10
381 Disjoint mutually exclusive       Common share in fund           17-Feb-10
382 Thing Private Equity Holding  A holding of private equity.               MB Draft   Review   17-Feb-10
383 Parent Is a       Portfolio Holding           17-Feb-10
384 Relationship fact consists of        Privately Held Share           17-Feb-10
385 Thing Sector Strategy  Strategy which is sector based.                   17-Feb-10
386 Parent Is a       Fund Portfolio Investment Limitations           17-Feb-10
387 Thing Stake In Fund  The holding of some portion in a fund, by some party. This stake will generally tak ethe form of some sort of unit in that fund.              EFAMA Review sessions   MB Draft   Review   17-Feb-10
388 Parent Is a       Stake           17-Feb-10
389 Relationship fact defines relationship with  The relationship with the legal entity which embodies the fund, implied or defined by a stake in the fund.       Fund Legal Form   The entity itself may be a joint stock company, SPV or some other kind of entity. It is the entity which is the issuer of fund units.   From EFAMA Review:  The relationship with the issuing entity is different if you hold a note or a bond, to if you hold a share class.    EFAMA Review   MB Draft   Review  17-Feb-10
390 Relationship fact gives ownership of  The fund in which the stake is held.        Fund     EFAMA Review Sessions   MB Draft   Review  17-Feb-10
391 Relationship fact identified as  The form which the Stake takes, i.e. a physical instrument (contract) setting out the rights and cashflows due to the holder. This may be an equity unit, bond unit or some other form of note.        Fund Unit     EFAMA Review Sessions   MB Draft   Review  17-Feb-10
392 Thing Sub Fund  A set of share classes is a compartment of an umbrella fund. In this case, subfund is a synonym of investment fund and therefore has the same attributes as investment fund.           The terms given for Fund may relate to fund, sub fund or umbrella. Sub Fund is differentiated by the fact that it is part of an umbrella fund, otherwise it is the same as any other fund.   ISO FIBIM Definition for SubFundIndicator (property of InvestmentFund): "Indicates whether the investment fund is a subfund, when it is a compartment of an umbrella fund. In this case, subfund is a synonym of investment fund and therefore has the same attributes as investment fund."   EFAMA DD = Subfund; ISO FIBIM = SubFundIndicator    ISO FIBIM   Review     17-Feb-10
393 Parent Is a       Fund           17-Feb-10
394 Relationship fact supervised by  The legal entity which supervises the fund or fund industry (for a subfund located in a different country)       Subfund Supervisory Authority     EFAMA DD = SubfundRegulator   EFAMA DD   Review  17-Feb-10
395 Relationship fact is part of  Investment fund(s) is/are a subfund of an umbrella fund.       Umbrella Fund 0..1   ISO FIBIM = SubFund relationship   ISO FIBIM   Review  17-Feb-10
396 Simple fact Sub Fund    The investment fund is a subfund, when it is a compartment of an umbrella fund. In this case, subfund is a synonym of investment fund and therefore has the same attributes as investment fund.     yes/no    Yes   ISO FIBIM = Sub Fund   ISO FIBIM adapted   Review 17-Feb-10
397 Thing Subfund Supervisory Authority  The legal entity which supervises the fund or fund industry(for a subfund located in a different country)             EFAMA DD = SubfundRegulator   EFAMA DD   Review   17-Feb-10
398 Parent Is a       Fund Supervisory Authority           17-Feb-10
399 Thing Umbrella Fund  Fund structure which has one or more investment pools.           An umbrella consists of several funds, and is a pool.   ISO FIBIM definition:  In securities, a collective investment scheme that has a contractual or a corporate form. When it has a contractual form, a fund is constituted under either the law of contract or under the trust law and thus it is not a legal entity. In its corporate form, a fund is a legal entity and is structured as a company.  However it is not clear how this uniquely defines an umbrella fund as such.    ISO FIBIM = UmbrellaFund; EFAMA DD = Umbrella (fka UmbrellaFundName)   EFAMA DD adapted   Review     17-Feb-10
400 Parent Is a       Fund           17-Feb-10
401 Relationship fact consists of  Umbrella Fund has a subfund which is an Investment Fund.   subfund when part of Umbrella   Fund 1..* ISO FIBIM definition:  Portfolio of which the investment fund is a part.   ISO FIBIM = SubFund relationship   MB Draft   Review 17-Feb-10
402 Thing Unit Issuer  The party which issues the Fund Unit.                    17-Feb-10
403 Parent Is a       Funds Processing Party           17-Feb-10
404 Relationship fact identified as  The legal entity which is the issuer of units in the fund       Legal Entity     SR format   MB Draft   Review  17-Feb-10
405 Relationship fact issues  A fund unit issued by the Fund Issuer.       Fund Unit     EFAMA Review   MB Draft   Review  17-Feb-10
406 Individual ISIN :Security Identifier  An identifier defined under the ISO 6166 standard.                  Yes   17-Feb-10
407 Type type of  ISIN is an individual type of Security Identifier.     Security Identifier           Action 17-Feb-10