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Changelog
The Financial Industry Business Ontology (FIBO) defines the sets of things that are of interest in financial business applications and the ways that those things can relate to one another. In this way, FIBO can give meaning to any data (e.g., spreadsheets, relational databases, XML documents) that describe the business of finance.
This quarter we continued work to clean up the funds area, and have recruited domain expertise from a number of large and medium sized funds to help us make progress starting in January. After significant discussion, we added and/or moved a number of roles around and redefined them, mainly from the CIV ontology to the Funds ontology. Other...
The primary areas of work in Q3 affect the Securities (SEC) and Derivatives (DER) domain areas. This quarter we initiated work to clean up the CIV ontology under SEC/Funds. Some constructs were moved to higher-level areas in FIBO, and redundancies were eliminated. We also reviewed a number of Derivatives ontologies, warrants in particular,...
The primary areas of work in Q2 affect the Derivatives (DER), Foundations (FND) and Loans (LOAN) domain areas. We released the Derivatives Master Agreements ontology in DER, after significant clean-up and migration of some concepts and properties to other, higher-level domain areas in FIBO, added a new, provisional Cash Flows ontology to F...
In Q1 we made extensive changes that touched many individual ontologies in FIBO by integrating the latest additions to the OMG's Commons Ontology Library via version 1.2. Four ontologies were added to the library: (1) Locations, which replaces the contents in the FIBO/FND/Places/Locations ontology, (2) Organizations, which replaces all of...
Major revisions this quarter revolved around the ability for FIBO to describe real property, loans collateralized by real property, including mortgages, and sustainability linked loans. Three new ontologies related to lending were released this quarter: (1) Real Property (in FND/Places), (2) Mortgages (in LOAN/RealEstateLoans), and (3) Gr...