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 discussed some issues Pete raised over the weekend with respect to rehypothecation. References include: https://jollycontrarian.com/index.php?title=Rehypothecation, https://www.law.cornell.edu/cfr/text/17/240.15c2-1, https://www.sec.gov/news/press-release/2020-212, https://goldsilver.com/blog/what-is-gold-hypothecation-and-rehypothecation/, and notes:
From that last article, we should ensure we model the difference between allocated (vs pooled) precious metals. Again a big factor related to exposure.
This is quite topical - there is a community of silver backs who distrust paper silver and are insisting on allocated silver or physical coins/bullion.
PS another omission we seem to have is "prime broker". Which is probably a synonym or subclass of something we already have.
Rehypothecation involves process details that we have not yet modeled in FIBO, so there may be some more basic work required in order to model rehypothecation.