Date
Attendees
Michael Atkin
Cory Casanave
Elisa Kendall Andrew metz (Unlicensed) Former user (Deleted) Pete Rivett susan green (Unlicensed) Former user (Deleted) Mike BennettVictoria Starr, Fannie Mae
Agenda
1) Review and adjustment to generic model
Proceedings:
11:10 AM: Ratings ontology is designed to FND
11:12 AM: Rating statement = some assertion made by the rating agency
11:13 AM: Three actions can occur (rating initiated, rating withdrawn, rating adjusted)
11:15 AM: FND Wiki on Ratings: https://wiki.edmcouncil.org/display/FND/2019-02-26+Meeting+notes
11:18 AM: Relationship between rating performer and rating statement - assessment is not the inverse of attestation (publisher = agency).
11:25 AM: Model is missing the relationship between performer and agency (CC to upload the
11:29 AM: Rating scale (agencies provide an assessment (qualitative) - so even the same score from analyst (opinion) can carry different weight/value to the market. The market may value the opinion of one analyst over another. Cory maintain that this should not part of the ontology
11:33 AM: CC question - is there anything that seeks to normalize ratings between scales
11:35 AM: For next meeting - please review hte definitions for the properties and classes (to complete the generic model) - they are posted on the Wiki
11:37 AM: After generic model - move to specific concepts associated with the ratings of companies
11:39 AM: MB to evaluate "formal statement" and "date" ontology as the baseline for next steps
11:45 AM: Anything that is currently in informative (and needed for this ontology) needs to be "regularized" into production FIBO - i.e. formal statement (PR suggests removing formal statement / CC disagrees)
11:47 AM: Cancel next week’s ratings and reconvene with the industry stakeholders on the 13th
11:48 AM: Address the issue of reconciliation of classes and properties by the FIBO insiders during the FND meeting on the 12th
Decisions:
- Gap analysis of new classes and properties that are needed to complete the generic model
- Ratings for ENTITIES are the next subject for discussion after the generic model
Action items
- Working Meeting for March 6 has been cancelled (we will reconvene on March 13th)
- Review classes, properties and definitions for generic model (see FND notes https://wiki.edmcouncil.org/display/FND/2019-02-26+Meeting+notes)
- Identify any classes, properties that are currently in “informative” that are needed for the generic model