Q3 2024 Release Notes
Q3 2024 Revisions Summary
This quarter most of the development effort was spent in addressing issues uncovered by new hygiene tests and cleaning up open Jira issues. We also updated the ISO MIC codes to the September 2024 version. Finally, we released a small ontology representing commercial loans, which are needed for planned work on “green loans”, including sustainability and transition loans.
Note that some content that was deprecated in late 2023 due to integration with new ontologies in the OMG’s Commons Ontology Library will likely be removed by the end of the year.
Business Entities (BE)
The only change to the business entities ontologies in Q3 was to correct the range of a hasReach property related to the jurisdiction of Norway.
Business Process Domain (BP)
There were no changes to BP ontologies in Q3.
Corporate Action and Events Domain (CAE)
Changes made to CAE this quarter were aimed at eliminating punning issues with the ISO 15022/20022 corporate actions controlled vocabulary.
Derivatives (DER)
Changes to the derivatives ontologies include refinement of currency contracts, elimination of certain redundant restrictions in the definition of a derivative instrument, and deprecation of the notion of a foreign exchange rate observable, made moot by the revised description of a currency contract.
Financial Business and Commerce (FBC)
The primary change to FBC this quarter was to update the ISO MIC codes per the latest (September 2024) release from ISO. We also refactored the concept of a currency instrument, eliminated redundant restrictions in a couple of cases, and eliminated other bugs identified through new hygiene tests.
Foundations (FND)
There were no changes to FND ontologies in Q3.
Indicators and Indices (IND)
Changes to the indicators ontologies included revising the representation of an exchange rate (related to refactoring currency contracts), and eliminated bugs identified through new hygiene tests.
Loans (LOAN)
This quarter our primary accomplishment was to clean-up and release the Commercial Loans ontology. This modification was needed in anticipation of new use cases related to “green loans” that will be integrated over the course of Q4. FIBO users should also anticipate seeing increasing coverage of the Interagency Loan Data Reporting fields and ACTUS cash flow related properties of loans in general over the coming months, as well as new work related to mortgages.
Market Data Domain (MD)
There were no changes to MD ontologies in Q3.
Securities (SEC)
Our recent focus in the Securities domain area was on jurisdiction specific securities restrictions. New modules and ontologies for US-specific and EU-specific securities restrictions were added this quarter. We also augmented the representation of exchange-specific shares and addressed a couple of bugs identified through new hygiene testing.
What's Changed
- SEC-97 - Regulatory related missing properties of exchange specific stock by @ElisaKendall in #2031
- SEC-185 - Several terms in the DebtAnalytics ontology should be included in the InstrumentPricing ontology by @ElisaKendall in #2034
- DER-143 - There is a gap with respect to the currency contracts related to the notion of an exchange rate by @ElisaKendall in #2036
- SEC-199 - Promote the Commercial Loans Ontology to Release Status by @ElisaKendall in #2043
- GitHub-2041 - fibo-fbc-fct-usnic:NationalInformationCenterClassificationSchemeAndCodeSet is used as an object of owl:hasValue by @ElisaKendall in #2044
- GitHub-2040 - fibo-sec-sec-idind:EuroclearClearstreamCommonCode is used as an object of owl:hasValue by @ElisaKendall in #2045
- FBC-321 - Revise the ISO MIC codes to reflect the latest updates from ISO by @ElisaKendall in #2047
- GitHub-2038 - Implicit punning of OWL Classes in triples (as subjects) with datatype property by @ElisaKendall in #2048
- GitHub-2039 - Implicit punning of OWL Classes in triples (as objects) with object property by @ElisaKendall in #2049
- GitHub-2037 - Wrong value of fibo-fnd-law-jur:hasReach in fibo-be-ge-neuj:JurisdictionOfNorway by @ElisaKendall in #2050
- GitHub-2028 - Eliminate / address obsolete restrictions identified through hygiene testing by @ElisaKendall in #2053
- GitHub-2054 - Eliminate extra space in annotations on the US Securities Restrictions ontology by @ElisaKendall in #2055
- GitHub-2051 - Eliminate remaining issues related to deprecated elements that are still used somewhere in FIBO by @ElisaKendall in #2052
- DER-144 - ForeignExchangeRateObservable incorrectly modeled by @ElisaKendall in #2057
Full Changelog: master_2024Q2...master_2024Q3
