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Our primary usage scenario is that an exchange decides that it would like to offer instrument master data directly to their end users. They choose the FIBO instrument master format because vendors support it, which reduces the onboarding cost for end users and increases the changes for uptake by those end users.
There are two important content areas to consider:
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Content provided by an exchange about a given instrument typically includes:
- Information concerning the instruments themselves (contract terms), including the risks involved in having such a product on one’s booksTerms regarding , market data in some cases, etc.)
- Information about the entity that issued the instrument (reference data about the instrument)
We will use this overarching scenario as the basis for several subordinate usage scenarios since it is the simplest. Ultimately we need to demonstrate how to represent the combination of the reference data (market data) for pricing as well as information about the issuers, including a number of different identifiers for the issuer. We have a few example individuals already in FIBO/FBC for publicly traded banks (holding companies)that we can use as a starting point.
The following smaller scenarios are considered building blocks for this.
IV. Competency Questions
A. Equities
- How would a user map the data published by Bloomberg via their OpenFIGI site for the common stock issued by a given issuer?
(a) Go to OpenFIGI (openfigi.com), select Wells Fargo and then filter by ( i ) Wells Fargo & Co, ( ii ) Security Type of Common Stock, and ( iii ) Market Sector of Equity, and export the following spreadsheet:
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- How would a user map the data published by Bloomberg via their OpenFIGI site for a bond issued by a given issuer?
Note that some bonds are issued by a holding company, such as IBM, and others might be issued by a subsidiary. In this case we want to show (1) an example issued by the highest level corporate holding company, and (2) an example issued by a subsidiary, showing the relationship between the two. One example is to show bonds issued by IBM (corporate holding company), IBM Credit, and Telelogic AB (at least one of each). Red Hat bonds are not listed under IBM on OpenFIGI yet, but we could add that example with the corporate structure included as well. Include listing information for the same bonds from the NYSE and Nasdaq
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IV. Competency Questions
Provide at least 2 competency questions that you will ask of the vocabulary/ontology/knowledge base to implement this use case, including example answers to the questions.
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V. Resources
Knowledge Bases, Repositories, or other Data Sources
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