2023-08-11 Meeting notes
- Elisa Kendall
Date
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:
We discussed progress on Jeff's spreadsheet for ACTUS in FIBO, and he should have something for us to review on Tuesday. Revisions related to contract roles are underway in the ACTUS group that could be relevant to what we are doing in FIBO, including a number of contract to contract relationships as well as which role certain counterparties play. Jeff will forward some of the documentation to us to review.
SEC-119, SEC-181, DER-117 have additional details that John has added over the last week that we can also action.
For the current SEC-190 effort, some references on consumer loans:
https://corporatefinanceinstitute.com/resources/commercial-lending/consumer-loan/
https://www.law.cornell.edu/definitions/index.php?height=800&def_id=e16ad38bca4d1180ee080b475305b4ab
https://www.aba.com/banking-topics/consumer-banking/consumer-lending
We agreed to change "auto loan" to "motor vehicle loan" as it is referenced in the law, and to add "secured consumer loan" and "unsecured consumer loan", where a motor vehicle loan and home equity line are both secured, whereas a credit card agreement is unsecured, and then continue reviewing the literature to see if we are missing anything else, or if we can release the consumer loans ontology.
Note that John will be on vacation next week (Friday, 8/18).