Q2 2025 Release
Q2 2025 Release Notes
Q2 2025 Revisions Summary
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 FND, and released the Green Loans ontology in the LOAN domain. We also updated the ISO MIC codes in FBC as usual. The detailed changes made this quarter are highlighted below.
Business Entities (BE)
This quarter there were minor revisions to BE ontologies, primarily related to master agreements.
Business Process Domain (BP)
There were no changes to the BP domain area in Q2 2025.
Corporate Action and Events Domain (CAE)
There were no revisions related to corporate actions this quarter. We anticipate resuming work on the ACTUS and ISO 20022 controlled vocabularies for corporate actions over the coming months, however.
Derivatives (DER)
The most significant change to the Derivatives domain area in Q2 was related to derivatives master agreements, which we've now released. Many of the terms in that ontology were more general, and have been moved to contracts or other higher level ontologies in FIBO. The resultant ontology is much smaller than it originally was, but further work to integrate the relevant provisions and other details for an ISDA master agreement template maybe done in subsequent iterations, depending on stakeholder requirements. FIBO users that have an interest in this area are welcome to contact the development team.
We also touched some of the DER ontologies when addressing other clean-up issues or while working on the ACTUS taxonomy. These include minor revisions to options, structured instruments, currency contracts, and derivatives basics, as well as a couple of the rate-based derivatives ontologies.
Financial Business and Commerce (FBC)
Most of the changes to FBC this quarter involved minor revisions to incorporate concepts needed to support the ACTUS taxonomy effort or to address issues uncovered while addressing other things in SEC or DER, mainly involving loosening constraints in a few cases, and eliminating redundancies related to contract representation. The primary contribution to the FBC domain in Q2 is an update to the ISO MIC codes.
Foundations (FND)
A number of significant changes were made to the Foundations domain in Q2. These include (1) the addition of a new CashFlows ontology to the Accounting area, which is still provisional, but needed to define the ACTUS taxonomy, (2) the addition of bilateral and multilateral agreement to the agreements ontology, which was also refined to eliminate other redundancies, (3) the addition of a number of provisions related to netting and improved linking between beneficiaries and contracts in the contracts ontology, (4) additions to legal capacity for certain contractual obligations, and (5) normalization of obligations related to payments and hierarchy simplification related to products and services. More changes along these lines are likely as we move forward to map the ACTUS data dictionary terms to terms in FIBO, all related to cash flow analysis.
Indicators and Indices (IND)
There were no changes to the IND domain area in Q2 2025.
Loans (LOAN)
The primary change to the LOAN domain in Q2 was the initial release of the Green Loans ontology. This represents a first pass for concepts related to green, sustainability-linked, and transition loans, but is significant in that we have tested it with FIBO partners to prove that it works for some number of use cases and for mapping to KPIs that may impact interest rates, collateral requirements, or other related concepts when improvements meet milestones (or don't). The other minor change made to loans this quarter was to move the property 'has credit limit' from LOAN to FBC to make it more broadly available for any credit agreement.
Market Data Domain (MD)
There were no changes to the MD domain area in Q2 2025.
Securities (SEC)
Minor changes to the SEC domain area in Q2 include clean-up of some redundancies that could cause performance issues, and elimination of a logic issue in the Pools ontology.
What's Changed
- DER-55 - Potential issues with the DerivativesMasterAgreements ontology by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2122
- DER-55a - Potential issues with the DerivativesMasterAgreements ontology by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2124
- FND-391 - The class 'mutual contractual agreement' seems unnecessary by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2126
- SEC-204 - There is some sort of logic issue in the Pools ontology by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2128
- SEC-201 - Additional terms from the ACTUS controlled vocabulary and mapping is needed to enable FIBO to be used as its underlying data fabric by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2133
- DER-55b - Potential issues with the DerivativesMasterAgreements ontology by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2135
- SEC-201a - Continued refinement of ACTUS cash flow representation by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2134
- FBC-335 - Revise the ISO MIC codes to reflect the latest updates from ISO by @ElisaKendall in https://github.com/edmcouncil/fibo/pull/2137
Full Changelog: https://github.com/edmcouncil/fibo/compare/master_2025Q1...master_2025Q2