Date

24 Mar 2016

Attendees

• Jennifer Bond-Caswell (Unlicensed)

• Lynn Calahan [X] (Unlicensed)

• Michael
• Former user (Deleted)
• Dennis Wisnosky
• Former user (Deleted)
• Lucy Opsitnik (Unlicensed)
• Former user (Deleted)
• Former user (Deleted)
• Maxwell Gillmore (Unlicensed)

Agenda

FIBO Loans FCT Meeting Agenda_032416.doc

1)  Use Case reminder.

2)  Where  we are on our road map. 

3)  Open Action Items

4 ) JIRA Issues Review

 https://jira.edmcouncil.org/browse/LOAN/?selectedTab=com.atlassian.jira.jira-projects-plugin:issues-panel

5)  Todays content discussion.

Credit Reporting Overview.pptx

            UML                          loans-2016-03-23.pdf

            Spreadsheet             LoansAnnotations-Integrated-2016-03-017.xlsx

            Protégé                      loanCore-2016-03-23.rdfloanInstances-2016-03-23.rdf

6)  For next week.

Proceedings

Since last time: changed some of the relationships, e..g hasPart as agreed last week.

Going through credit model.

Identifiers: for now, not need to have subclasses for CreditReportIdentifiers.

Max: is credit inquiry part of the credit report, or a cause of the report?

LC: it is an informational element on the credit report, representing a prior request.

Max: I see, information/report  about credit inquiries, rather than the process of requesting the credit report.

hasPartyBeingChecked: a bit clumsy, but maybe best we can come up with. referencedParty

Dates/Times:

1.      when generated (could be long after the date period)

2.      as of date

3.      period covered (end is not necessarily  as of date, datea arrives fr a period later than when drawn)

JimCooper: CreditScore is always a number, CreditRating can be qualitative.

Max: this can work, but this way does not allow general case when do not care which is which (e.g. credit classifier, which could be either).

Jen: for our use case, we can just have it be a numeric value.

Jeff: can be in commercial loans, different

CreditScoreFactor: somewhat US-centric

Tradeline not derived from the contract. aybe isBasedOn Contract? or si based on the transaction history of the contract?

Decisions

Action items

• Michael  

  1.      CreditReport not always have a CreditScore, make min 0. e.g. for people with little credit history.

  2.      CreditReport not always have a CreditInquiry, make min 0.

  3.      CreditReport not always have a CreditTradeline and PublicRecord, make min 0.

  4.      CreditReport: add date of creation property (as of date) (to Report superclass).

  5.      Rename CreditRequest to CreditReportRequest

  6.      look into property like referencedParty or subjectParty (not work wel with FIBO refersTo, too limited.)

  7.      add asOf or effectiveDate to Report (inherited by CreditReport) see if asOfDate is in FND

  8.      allow CreditScore to be float, not integer.

  9.      allow CreditScore to be non-numeric (e..g low, medium, high). research this, [can of  worms] throw over the fence to FND. Want something like CreditRating that includes qualitative and quantitative scores.

  10.  CreditScore min 0 CreditScoreFactor

  11.  CreditScore maybe use isDerivedFrom model rather than uses_g

  12.  Find out why is Specification in this definition:
  

  13.  Consider how to broaden to CreditScoreModelScheme rather than  CreditScoreModelType, Off-line withy Lynn, maybe look at arrangement in FIBO FND. Not that different from addressing scheme.

  14.  Need more information on CreditTradeline, e.g. payment history, etc.

  15.  Change filter class connection from tradeline to loan contract to be to Contract, not necessarily a loan contract, could be utilities account, or rental agreement. Always a contract behind it. Also about paying bills, failure to pay,