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1) Use Case reminder

2) Where we are on our road map. 

3) Open Action Items

4) JIRA Issues Review -

5) Todays content discussion.

6) For next week.


This morning we looked at some of the remaining provisional ontologies in DER.  One of them, participation notes, has only one class and is similar to a depository receipt.  From Investopedia:

Participatory notes also referred to as P-Notes, or PNs, are financial instruments required by investors or hedge funds to invest in Indian securities without having to register with the Securities and Exchange Board of India (SEBI). P-Notes are among the group of investments considered to be Offshore Derivative Investments (ODIs). Citigroup (C) and Deutsche Bank (DB) are among the biggest issuers of these instruments.  

ParticipatoryNote should be a subclass of the more general DepositoryReceipt in our ontology, which is in equities but is more general than that.  We should consider merging this ontology (and sole class) with the DR ontology in equities and use the name participatory note, with a synonym of participation note, to cover the Indian case, including an explanatory note to that end.  Its abbreviation is P-Note. See DER-121 for this.

We also have a class called loan participation note, in Debt, and the definition for that in investopedia is:

A loan participation note (LPN) is a fixed-income security that permits investors to buy portions of an outstanding loan or package of loans. LPN holders participate on a pro-rata basis in collecting interest and principal payments, and are similarly exposed to a proportional risk of default. Banks, credit unions, or other financial institutions often enter into loan participation agreements with local businesses and may offer loan participation notes as a type of short-term investment or bridge financing.  This likely needs more research.

Also determined that the contents of the IROptions ontology should be merged with the ExoticOptions ontology, which includes caps and floors (see DER-120).

In addition to DER-120 and DER-121, this week, John will look into the gap we have with respect to mini-futures - see DER-117.  We should also revisit strategies, which John will investigate over the course of this week.

Once we've addressed these 3 issues, we will have 3 remaining provisional ontologies in DER:  ExoticOptions, CreditDefaultSwaps, and DerivativesMasterAgreeements.  Of these three, the master agreements ontology is the highest priority for some FCT members.


Action items