Date

27 Jul 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:

Under redemption provisions in the CFI standard, there are various ways to redeem a share, including whether or not the maturity date is extendable, which we likely need to model. Elisa will reach out to John Gemski and a couple of other SMEs to work on these subclasses for better coverage in the model.

For dividend details, we have preferred share coupon as the income, similar to dividends, that a preferred shareholder receives, but not the details regarding whether it is fixed or adjustable (though we do have the ability to represent a schedule of payments). There is a property called hasDividendRate, which appears to correspond to the definition in the CFI standard, but need to confirm that with MB, and need to give that a better name and definition, which appears to be distinct from what investopedia has for 'dividend rate'. Also need to be able to map preferred share coupon to dividend in the case of 'normal' income from the share, which is that preferred shareholders receive the same dividend that other shareholders receive, but may have other privileges.

What's missing is the restriction connecting the various kinds of preferred shares to the dividend. Also, it should be called something like 'preferred dividend' rather than 'preferred share coupon', because it is an amount of money, not a rate per se. Need to reach out to a couple of SMEs to get a better sense of how these should be modeled, just to be sure that we understand this properly. Ian will do the same at Citi. Also need to understand 'auction rates' so that we can model this.

Decisions:

Action items

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