Date

02 Aug 2019

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/IND/issues/IND-17?filter=allopenissues

5) Todays content discussion.

SMIF OWL-UML

SKOS

RDF/S

6) For next week.

Proceedings:

Need to add Ashwin to the wiki and JIRA and make sure that he gets GitHub access.

For next week, Ashwin will review the draft use case and provide feedback - focus will be on making sure what we have said makes sense, that we have a good list of indices, and to add usage scenarios/questions.

Some gaps uncovered while reviewing the ontology:

Elisa Kendall (to Everyone): 9:14 AM: Every index should have base date and base value

Elisa Kendall (to Everyone): 9:15 AM: current value is based on the reference date (base date) and base value

Elisa Kendall (to Everyone): 9:15 AM: Need to define weighting and on how that is defined - based on market cap or free float

Elisa Kendall (to Everyone): 9:16 AM: Total market cap is #shares x value of those shares; free float is basically the total number of shares held by investors, excluding promoters (free float market cap)

Elisa Kendall (to Everyone): 9:17 AM: Essentially this is calculation methodology for valuation purposes

Elisa Kendall (to Everyone): 9:18 AM: Rebalancing date - when and at what frequency, for example, are the 500 stocks the right ones - typically quarterly, monthly or annually, so that users of the index know when it will be reconstituted. Reconstitution information must be published and available

Elisa Kendall (to Everyone): 9:18 AM: Basis for rebalancing must also be available to the users of the index

Elisa Kendall (to Everyone): 9:19 AM: Change the class name from equity reference index to equity index

Elisa Kendall (to Everyone): 9:22 AM: Currency needs to be set - in which currency will the price be calculated, and which execution venue will the price be calculated from, e.g., NYSE (may not be an exchange)

Elisa Kendall (to Everyone): 9:25 AM: Holiday schedule - for the execution venue also must be published ... when will the index value be calculated / published if there is a holiday

Elisa Kendall (to Everyone): 9:26 AM: Also if the indices are in multiple currencies you have to take the spot rate into account

Decisions:

Action items