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(b) Map the general Wells Fargo & Co share class level equity instrument as well as a specific Wells Fargo & Co exchange-specific share (e.g., issued on the New York Stock Exchange) to FIBO and create example individuals (see https://spec.edmcouncil.org/fibo/ontology/SEC/Equities/EquitiesExampleIndividuals) manually to make sure that we can do so and that all of the relationships work as intended. These examples only represent what is available publicly in OpenFIGI, not everything one would want to know about a given equity that could be published as instrument master data. Run two reasoners to make sure that the resulting examples are logically consistent. Note that the equity examples include details for a number shares on the Nasdaq and New York Stock Exchange.
(c) Automate generation of the remaining individuals extracted from OpenFIGI based on these hand-crafted individuals to demonstrate the feasibility of doing so.
2. How would a user represent the listings for the same common stock and class of share on multiple exchanges?
For this purpose, we created individuals for Apple common stock, with listing individuals in the Nasdaq and London Stock Exchange. These are available in the EquitiesExampleIndividuals ontology.
3. How would a user represent multiple classes of share for the same company? For this, we will need to represent another company, for example, have modeled the shares for Alphabet / Google.
The multi-class share structure at Google came about as a result of the company's restructuring into Alphabet Inc. in October 2015 (NASDAQ: GOOG). Founders Sergey Brin and Larry Page found themselves owning less than majority ownership of the company's stock, but wished to maintain control over major business decisions. The company created three share classes of the company's stock as a result. Class-A shares are held by regular investors and carry one vote per share. Class-B shares, held primarily by Brin and Page, have 10 votes per share. Class-C shares are typically held by employees and have no voting rights. The structure gives most voting control to the founders, although similar setups have proven unpopular with average shareholders in the past.
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The examples cover the Class A and Class C shares only, not Class B, which are not available on the Nasdaq, also available in the EquitiesExampleIndividuals ontology.
4. How would a user map the securities that they are managing to the CFI classification scheme?
Classes representing the exhaustive set of features for equities (e.g., voting rights, ownership restrictions, payment status, form) are defined in the EquityInstruments ontology. A partial set of individual codes covering common and preferred shares are available in the EquityCFIClassificationIndividuals ontology. The codes are mapped to the classes representing the combination of features they denote in that ontology. FIBO users can look at these examples to map other kinds of instruments and develop other codes in the same way.
Note that the 2021 version of the CFI codes are now published in RDF using a SKOS vocabulary, so we will be revising our CFI ontology to map to the ISO codes ontology over the coming months.
5. How would a user map the market data currently published by the New York Stock Exchange or Nasdaq for the common stock issued by a given issuer?3. How would a user map the top 20-30 characteristics that banks typically track internally for the common stock issued by a given issuer?
For Apple common stock listed in the Nasdaq, the following information is available:
Exchange - in FIBO
Sector - exchange specific, high-level is in FIBO
Industry - exchange specific, high-level is in FIBO
1 year target price - in FIBO, latest pricing ontology
Today's high / low price - in FIBO, latest pricing ontology
Share volume - in FIBO, latest pricing ontology
50 day average volume - not in FIBO
Previous close - in FIBO, latest pricing ontology
52-week high / low price, in FIBO, latest pricing ontology
Market cap - in FIBO, in equities ontology
P/E ratio - may need a property to be added (can be calculated)
Forward P/E 1 year - may need a property to be added (can be calculated)
Earnings per share (EPS) - may need a property to be added (can be calculated)
Annualized dividend - in FIBO
Ex Dividend Date - in FIBO
Dividend Pay Date - in FIBO
Current yield - in FIBO
Beta - not in FIBO ?
Next steps include demonstrating how to represent this information for a given listing in our equities examples, with adjustments to the ontologies as needed.
B. Bonds / Fixed Income Instruments
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