2023-06-30 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/SEC/issues/SEC-7?filter=allopenissues
5) Todays content discussion.
SMIF OWL-UML
SKOS
RDF/S
6) For next week.
Proceedings:
Today we started discussing the outstanding issues remaining open to be addressed in the Q2 Release.
From ChatGPT: Yes, a currency can be considered a unit of measure. In the context of financial transactions and international trade, currencies are used as a standard unit of measure to represent the value of goods, services, and financial instruments. Currencies are used to quantify and compare the worth or price of various assets, such as commodities, stocks, bonds, and other financial instruments. Currencies have specific denominations, such as dollars, euros, yen, pounds, etc., and they are used to express the value of goods or services in terms of that particular currency. For example, if the price of a product is $10, it means that the value of the product is measured in U.S. dollars. Currencies also serve as a medium of exchange, facilitating transactions between individuals, businesses, and nations. They enable the exchange of goods and services by providing a universally accepted unit of measure for value. Additionally, currencies can be subject to fluctuations in exchange rates, which reflect the relative value of one currency compared to another. These exchange rates allow for conversions between different currencies, allowing for international trade and cross-border transactions. Overall, currencies function as a unit of measure for value and play a crucial role in the global economy.
Mankiw, N. G., & Taylor, M. P. (2014). Economics. Cengage Learning.
- This introductory economics textbook provides an overview of various economic concepts, including the role of currencies as a medium of exchange and unit of measure.
Mishkin, F. S., & Eakins, S. G. (2015). Financial Markets and Institutions. Pearson Education.
- This book covers financial markets and institutions, discussing the role of currencies in facilitating transactions and as a measure of value.
The International Monetary Fund (IMF) website: https://www.imf.org/
- The IMF is an international organization that deals with global monetary cooperation and stability. Their website contains research papers, publications, and statistical data related to currencies, international finance, and monetary systems.
The World Bank website: https://www.worldbank.org/
- The World Bank provides reports, research papers, and data on various economic aspects, including currencies and international finance.
Other things we can consider completing include:
FND-379 – add a definition for EBITDA
SEC-119 – add ICB and GICS industry classification schemes
SEC-186 – add bearer and bearer/registered under Security Form – no doc attached since this is just an assignment of something we already have to Security Form (they are in the ontology but not directly as child classes of security form) ... the approach to fixing this would be to have all instances of security form be instances of the class security form and eliminate the class called registered form (i.e., deprecate it)
DER-117 – mini-future certificates and constant leveraged certificates
We will attempt to include as many of these as possible in the release, which we plan to close out on Wednesday next week. There will be no telecon on Tuesday, July 4th, due to the US national holiday.