FIBOFND12 — Several additional concepts are needed in the Business Dates ontology to support specific schedule definitions

Several concepts, such as business recurrence intervals including the day of the month, day of the week, and end of the month (as classes) are needed to support downstream FIBO development, such as for securities and loans.

In addition, a higher level concept of convention is needed to capture business day adjustments and conventions as their parent class, to clean up the hierarchy.

A number of the definitions in the BusinessDates should be cleaned up as a part of this revision to follow our policy for use of ISO 704 conventions for definition development as well.

Several additional concepts are needed in the Business Dates ontology to support specific schedule definitions

The primary modifications made by this resolution primarily involve the addition of Convention as a structural concept to group some of the others in this ontology and the addition of three classes as business day conventions, including day of the month, day of the week, and end of the month, all of which are needed to support more complex schedule definitions in downstream FIBO ontologies.

A handful of definitions were revised to support an ISO 704 approach and a couple of missing definitions were added for some properties.