1. OMG Issue

FIBOFTF2 — Transferable contract model element should be renamed to TransferableContract

  • Key: FIBOFTF2-68
  • Status: closed  
  • Source: Object Management Group ( Mr. Mike Bennett)
  • Summary:

    The class NegotiableContract (formerly TransferableContract) is to be renamed to TransferableContract

    The original name "transferable contract' was selected as being self-defining but was not a legally attested label. This was changed to NegotiableContract as this is a parent of negotiable securities (it is what they are a kind of). However this label introduces an implication of negotiability between parties in a mutually agreed, bilateral contract which is not what is intended. What is intended is the definition of kinds of contract (not all of them negotiable financial securities) in which there is a commitment at large extended by one party to that contract so that the other party may purchase or sell that contract. In the absence of a legal label we should revert to the self-defining label "TransferableContract"

  • Reported: EDMC-FIBO/FND 1.0b2 — Wed, 12 Nov 2014 23:50 GMT
  • Disposition: Resolved — EDMC-FIBO/FND 1.0
  • Disposition Summary:

    Renaming of Negotiable Contract

    The class NegotiableContract (formerly TransferbleContract) is to be renamed to TransferableContract

  • Updated: Tue, 21 Apr 2015 01:18 GMT
  • Attachments: