FIBOFBC — Need to add definition of Trade to FBC (high level)

A number of definitions, including trade, position, holding, and exposure are lacking in FBC and are sorely needed to support work in securities and debt instruments. They are also required for risk analysis, and thus span multiple FIBO domain areas. In other words, basic definitions for these terms that can be extended by the various domain specifications, as required, need to be added to FBC.

Need to add definition of Trade to FBC (high level)

A number of definitions, including trade, position, holding, and exposure are lacking in FBC and are sorely needed to support work in securities and debt instruments. They are also required for risk analysis, and thus span multiple FIBO domain areas. In other words, basic definitions for these terms that can be extended by the various domain specifications, as required, need to be added to FBC.

This issue affects section 9.4.1, Financial Products and Services in the FIBO FBC 1.0 Beta 1 specification. It depends on the resolution to FIBOBE-6 (in the FIBO BE 1.1 RTF report), which adds a FunctionalEntity class to the FunctionalEntities ontology.