OMG Finance Domain Task Force FDTF Standards Applications

OMG Finance Domain Task Force (FDTF): Standards, Applications and Consumers Business SMEs Risk, Finance, Legal, Front/Middle/Back-Office Consumers of FDTF standards Architects, Modelers, Data Mgmt staff, developers Software Vendors/SIs/Consultants Government/Regulators OFR, SEC, CFTC, other Agencies Industry Analysts, Academics, NPOs Sample Business Usage/Applications of FDTF Standards ‘Business Value Metrics’ Regulatory Reporting for Business Critical Elements (Risk Modeling, Dodd-Frank, Volcker Rule, Basel II/ III Regulatory Capital…) Trade Transaction Traceability (Trade Settlement Fails Analysis) Impact analysis of: Analysis, Simulation of Counterparty Credit Risk, Systemic Risk… Corporate Actions, Event based Costing, other Complex Events… Financial Industry Business Natural Language/Speech Communities (English, other languages) (Human and machine readable Terminology for: Reference Data (Instruments, Legal Entities, Pricing…), Corporate Actions, Trade Transactions, Accounting…) • • • Financial Industry Business Ontology (FIBO) Business Entity Hierarchy Financial Instruments Taxonomy Corporate Actions Identifier Taxonomy Date/time concepts Loans… FDTF Standards (current and future) Business Terminology for Front, Middle, Back Office (based on FIX Protocol, FPML) Business Terminology and Semantic Model for Payments Interoperability Maps for messaging standards (for Financial Services and Insurance) Business Terminology & Semantic Model for US GAAP (XBRL) Business Critical Elements (BCEs) for Counterparty Credit Risk Business Terminology and Semantic Model for Property and Casualty Insurance Data Matrix for Dodd-Frank, Volcker Rule, Basel III Business Services (SOA) Terminology and model for Financial Services Trade Transaction Traceability Map OMG Modeling Languages used in FDTF standards (current and future) Agent Metamodel BPMN IMM MDA MRC CORBA CWM MDMI Business Value, Decision, Software Quality Metrics Metamodels ODM SBVR Records Mgmt Soa. ML DDS Sys. ML UML Event Metamodel XMI

FDTF Ecosystem of Partnerships/Relationships Standards, Initiatives • • • ISO 20022 ISO 15022 ISO 17442 ISO 1087 FIBIM Non-OMG Groups International Standards Organization (ISO) • Data Maturity Model • FIBO • FIX Protocol Messages • FPML Messages • • Mortgage Identifier MDDL MDMI Maps POC ACORD Messages/ Interoperability Maps • Requirements for Systemic Risk Analysis • OTC Derivatives POC • Metrics for cost of regulations Analysis & Design Task Force Business Modeling & Integration Enterprise Data Management Council • FIX • Financial Products Markup Language • XBRL Taxonomy, Models • US GAAP • Service (SOA) Taxonomy for financial services OMG Groups OMG FDTF Ontology PSIG Data Distribution PSIG OMG Standards • Core MDA standards (MOF, UML, XMI) • Information Modeling Metamodel (IMM) • Agent Metamodel • Event Metamodel • Value Delivery Metamodel • Business Decision Modeling • Semantics of Business Vocabulary & Rules • Ontology Definition Metamodel • Date/time Ontology. . . • Data Distribution Service (DDS) XBRL Banking Industry Architecture Network (BIAN) • • MISMO MDDL SWIFT ACORD CFTC, OFR, SEC, Treasury, White House OSTP Cloud Standards WG • FDTF standards • FDTF-Partner Standards Architecture Driven Modernization PTF Government Task Force • Cloud Modeling Standards • Knowledge Discovery Metamodel (legacy system modernization) • Record Management Standards

Acronyms v v v v v v ACORD – Association for Cooperative Operations Research and Development CFTC – U. S. Commodity Futures Trading Commission DDS – Data Distribution Service DTF – Domain Task Force FIBIM – Financial Instrument Business Information Model FIBO – Financial Industry Business Ontology IMM – Data Definition Language MDMI – Model Driven Message Interoperability MISMO – Mortgage Industry Standards Maintenance Organization MOF – Meta. Object Facility MRC – Management of regulatory Compliance NPO – Not for Profit Organization ODM – Ontology Definition Metamodel OFR – Office of Financial Research (US Treasury) OSTP – Office of Science and Technology Policy –White House PSIG – Platform Special Interest Group PTF –Platform Technology Group SBVR – Semantics of Business Vocabulary and Rules SEC – Security and Exchange Commission SI – Systems Integrator Soa. ML – SOA Modeling Language UML – Unified Modeling language US GAAP – Generally Accepted Accounting Principles