FIGI12 — Annex A revision

Revise to indicate broader inclusion beyond FIBO to include ontologies, standards and taxonomies in general;

The Financial Instrument Global Identifier is, in many ways, a complement to FIBO, although not exclusively, and can be complimentary to other ontologies and standards as previously stated. The objective of FIBO includes providing a model of financial instruments as part of the model of the financial industry. The Financial Instrument Global Identifier is not, properly speaking, a part of that. The FIGI model does not specify a conceptual model of the financial instruments themselves, after all. Rather, it provides a concrete model for references, both descriptive and technical, for those instruments based on context of use within specific domains. FIGI is also designed to be mapped to the relevant aspects of FIBO complementary ontologies, standards and taxonomies as the modules describingthat describe financial instruments at the conceptual level become available.
Since tThe scope of the Financial Instrument Global Identifier is exclusively focused on Financial Instruments, the only part of FIBO that needs careful attention in the context of this standard is the treatment of Financial Instruments. Based on the latest ontology architecture information available for FIBO, definitions for financial instruments will span multiple specifications, each containing a number of modules and individual ontologies, none of which are available as OMG standards as of this writing. As semantic meaning for terms within other standards and ontologies may be dependent upon context, care should be taken to ensure that the context, as defined by the domain of the use case, is properly aligned with the context of the FIGI model.

Revise Annex A Language

Page 39:
Annex A original text;
The Financial Instrument Global Identifier is, in many ways, a complement to FIBO, although not exclusively, and can be complimentary to other ontologies and standards as previously stated. The objective of FIBO includes providing a model of financial instruments as part of the model of the financial industry. The Financial Instrument Global Identifier is not, properly speaking, a part of that. The FIGI model does not specify a conceptual model of the financial instruments themselves, after all. Rather, it provides a concrete model for references, both descriptive and technical, for those instruments. FIGI is also designed to be mapped to the relevant aspects of FIBO as the modules describing financial instruments at the conceptual level become available.
Since the scope of the Financial Instrument Global Identifier is exclusively focused on Financial Instruments, the only part of FIBO that needs careful attention in the context of this standard is the treatment of Financial Instruments. Based on the latest ontology architecture information available for FIBO, definitions for financial instruments will span multiple specifications, each containing a number of modules and individual ontologies, none of which are available as OMG standards as of this writing.

Proposed new text as revised.