Date

16 Mar 2020

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/SEC/issues/SEC-7?filter=allopenissues

5) Todays content discussion.

SMIF OWL-UML

SKOS

RDF/S

6) For next week.

Proceedings:

Today we started looking at some of the legacy pricing information so that we can represent the price of a share, and the various kinds of prices that might be important to be able to define. Some of the things that we need are in the legacy MD/EquityTemporal/EquityPricing ontology.

fibo-md-eqx-pri;EquityPriceQuotationMethod -

Price Quote Method - describes how the price for the issue is quoted. For example a value of "percentage" or "yield" is commonly used for bonds and a value of "monetary amount" is commonly used for equities. Other example values are "discount rate", "volume", "number", and "quantity".

Bonds may be quoted in terms of yield, commodities may be quoted in terms of volume - barrels, for oil, for example.

Pricing Method identifies the method by which the price of an security was obtained. Example values include "market", "matrix" and "appraisal".

The stock market is a general term which is related to a place where stocks are traded. A stock exchange is more specific to the place where the trading is executed, such as BSE, NSE, NYSE, NASDAQ and so on. ... If you say you trade in the stock market it would mean that you buy and sell shares/equity.

The stock market represents the companies that list equity shares for public investors to buy and sell. Stock exchanges are the infrastructure that facilitate the trading of those equity securities, or stocks.

Some thoughts on what to do with pricing:

Move pricing to a new ontology in FBC/FinancialInstruments (was equity pricing and some debt pricing and instrument pricing in MD)
Eliminate most of the distinctions between traded / exchange-traded / etc.
Move QuotedPrice from IND to this new ontology (whether or not it is a published price is orthogonal)
Retain derived price as a subclass of calculated price for the time being
Retain the debt instrument-specific stuff until we review it again
Retain most of the concepts under share price with the understanding that it is likely not limited to a share
Eliminate duplication by instrument type unless it is unique

Do this in parallel with the old ontologies until we are happy we haven't lost anything useful, and test it out with at least one share price and at least one bond price to prove that it works.

Decisions:

Action items

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