Date

25 May 2021

Attendees

Agenda

1) Use Case reminder

2) Where we are on our road map.

3) Open Action Items

4) JIRA Issues Review - https://jira.edmcouncil.org/projects/DER/issues/DER-10?filter=allopenissues

5) Todays content discussion.

6) For next week.

Proceedings:

Discovered a gap with respect to bonds in that we cannot express the notion of a European callable bond - see SEC-160 for this. We also discussed the exercise conventions ontology - the classes related to exercise terms should be eliminated and the remainder of the ontology should be merged into options. That requires elimination of an unused property in bonds as well.

***** From a regulatory perspective, with respect to risk, the goal is to be able to determine what happens as of various points in time based on things that happen in the world. What properties do we have, and what questions can we answer, based on what people have on their books as of some point in time. We need to add a use case in FBC to cover this use case, which would include the assets, liabilities, and obligations of any organization. ***** This needs to cover cases such as when BP cornered the market related to oil across futures and spots.

Decisions:

Action items

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