Enterprise Conceptual Semantic Model – Challenge, Strategy & Approach
Managing
Information –
The Challenge
A Strategy for
managing the
Information
Value Cycle
To manage information, you first need to know what
information you have. Unfortunately, we have a tower
of Babel situation.
•Many names for the same ‘thing’.
•A vast number of ‘things’.
•A high degree of complexity.
Provide visibility of Finance information (what
information do we have, where is it?)……
which enables information quality remediation &
governance…..
Visibility
enhances
Quality
which leads to increased value add
enables
Business Value
results in
Governance
What
Information
How
Classified
How
Transformed
Strategy
Scoping
and
Impact
Analysis
Taxonomy
Approach
Terms, data structures, and business definitions mapped to
data models, data bases and business rules which enables:• Agreed and consistent definition
• Availability of the above to all stakeholders
•Navigation across Finance related systems
• Support for effective Finance information, reference data
and business rules governance
Requirements
Definition &
System Mapping
Information
Concepts
Data
Classifi
cations
Managed
Dimensions
Mappings
Global
Business
Rules
Enterprise Conceptual Semantic Model – Added Value, Foundations, Direction
Added value
Foundations
Quality
• Common definitions
• Standard data structures
• Consistency in Management Information
Efficiency
• Reduce time-to-market
• Re-use and knowledge sharing
• Flexible solution
Cost Reduction
• Reduced cost & time in IT development
• Improved data quality
• Improved master data management
IBM “B-Level” for the core ontology and as a reference
taxonomy because
•Already (partially) in use in the Bank
•To prevent unnecessary naming disputes
•To avoid “reinventing the wheel”
•Pre-existing content (920 Schemes & 3969 Values)
BIM
Quality
Efficiency
Cost Reduction
Fundamental component for
Finance Information Architecture
Involved Party
Product
Arrangement
Condition
Event
Business Direction Item
Accounting Unit
Resource Item
Location
Classification
Root Concepts
Direction
Moving from establishing visibility to enabling control
Adoption of SBVR as core standard because:
•Non-proprietary standard
•Business-friendly
•Distinction between Concept and Term
•Reality of multiple vocabularies across the enterprise
•Explicit support for business rules
Incorporate FIBO as a reference vocabulary
Draft Community Structure
Current Initiatives & Source of Semantic Content – Bottom-Up Mining of Semantic Sources
Models business meaning not implementation!
A single business concept is defined once across the Bank. The context of
its use and varying representation– (e.g. operational versus informational) Global Metadata Repository
does not change the business meaning.
Global Enterprise Warehouse Model
BIM
AAB_LDM::Class_1
Global Operational Data Model
attribute 1: Integer
attribute 2: Classification_1_2_1
attribute 3: Boolean
AAB_LDM::Class_1_1
attribute 4: Integer
attribute 5: Decimal
AAB_LDM::Class_1_2
attribute 6: String
AAB_LDM::Class_1_2_1
attribute 9: String
LEI, FATCA & other
“Involved Party”
Requirements
AAB_LDM::Class_1_n
attribute 7: Decimal
attribute 8: Boolean
AAB_LDM::Class_1_2_2
attribute 10: String
attribute 11: Classification_1_2_2
Design
& Governance
Common Reference Data
Group Finance
Global GL & FDW
Product Categories
GL+ Data Model
Corporate Hierarchy
Product
Templates
Conceptual Chart
Rule Sets
MI Dimensions
Tooling
(Collibra) &
SBVR
Capital , ALM & Risk
Glossaries
Group Standards Manual
ALM Data
Dictionary
Economic
Capital Model
Capital Data
Dictionary
Daily Risk
Reporting
Finance Instruction Manual
Finance Processes Glossary
Finance
Information
Architecture
Finance Industry
Business Ontology
(EDMC / OMG)
The classification framework that the model provides enables the development
of an enterprise-wide consistent, reconciled catalogue of business information.
This allows the enterprise-wide name and definition to be tagged against the
representation and naming in any given implementation or community.
Direction: Understanding Community & Vocabulary Building Blocks
Direction: Communities & Vocabularies - Reflecting Our Business Structure & Language
Use Case 1: Unstructured Lists Of Attributes – Quickly Unmanageable
Application of BIM Framework Reveals Embedded Structure & Meaning
Account Arrangement Name
Accounting Treatment Code
Affiliate Chartfield
Amortisation Term UOM Code
Amortising Accreting Method Code
Arrangement External Number
Arrangement Internal Number
Arrangement Local Number
Arrangement Primary Instrument Indicator
Arrangement Source System Code
Arrangement Status Code
Arrangement Suffix Code
Arrangement Type Code
Asset Pool Number
Asset Sale Code
Balance Movement Code
Bill Acceptance Code
Bill Acceptance Type Code
Brady Debt Indicator
Buy Sell Code
City Name
Collateral Customer Reference Number
Collateral Customer Source System Code
Collateral Type Code
Collateral Type Customer Code
Collateral Type Group Code
Commodity Code
Compound Interval Interest Code
Confirmed Risk Indicator
Cost Centre Number
Counterparty Reference Number
Counterparty Source System Code
Country Of Head Office
Country of Incorporation
Country Of Residence
Country Of Ultimate Risk
Credit Facility Commitment Code
Credit Facility Purpose Code
Credit Grade Code
Customer Reference Number
Customer Relationship Role Code
Customer Relationship Type Code
Customer Short Name
Customer Source System Code
Dealer ID
Deposit Negotiable Indicator
Detail Customer Type Code
Detail Product Code
Draft Disposition Code
Exchange Listing Code
Facility Country of Risk Code
Facility Initial Commitment Currency Code
Facility Primary Usage Code
Facility Risk Term To Maturity
Facility Risk Term To Maturity UOM Code
Fair Value Currency Code
Fair Value Hedge Indicator
Fitch External Credit Rating
Front Office Transaction Reference
FSA Approval Indicator
Funding Accrual Basis Code
Funding Desk Reference Number
Funding Rate Source System Code
Funding Rate Type Code
GBM Book/Position
Global Customer Number
Global Relationship Manager Employee Number
Government Required Product Indicator
Guarantee Indicator
Guarantee Type Code
Guarantor Customer Reference Number
Guarantor Customer Source System Code
Hedge Identification Code
Impaired Loan Indicator
Import/Export Counterparty Bank Name
Import/Export Counterparty Name
Interest Accrual Basis Code
Interest Accrual Status Code
Interest Payment Timing Code
Interest Rate Schedule Code
Interest Rate Type Code
Interface Identifier Code
Journal Identifier
Journal Source System Code
Legacy Chart Of Account Number
Legacy Company Number
Legacy Cost Centre
Lender Original Loan Amount Currency Code
Loan Factoring Indicator
Loan Grade Type Code
Local Relationship Manager Employee Number
Moodys External Credit Rating
Negam Recast Frequency UOM Code
Negam Recast Schedule Code
Operational Risk Loss Event Identifier
Option Class Code
Option Execution Style Code
Option Type Code
Original Contractual Term UOM Code
Original Face or Nominal Amount Currency Code
Original Principal Currency Code
Original Rollover Amount Currency Code
Origination Channel Code
Overdraft Protection Indicator
Participated Loan Indicator
Participation Role Code
Payable On Demand Indicator
Payment Calculation Code
Payment Change Frequency UOM Code
Payment Change Schedule Code
Payment Schedule Code
Payment Timing Code
Postal or Zip Code
Rank Collateral Status Code
Record Type Code
Regional Residence Code
Regulatory Banking Trading Book Code
Relationship Manager Name
Renegotiated Indicator
Repayment Currency Code
Repayment Frequency UOM Code
Reporting Unit
Repricing Frequency UOM Code
Repricing Index Code
Repricing Schedule Code
Restructured Indicator
S&P External Credit Rating
Security Guarantor ID
Security Issuer ID
Security Rating Moodys
Security Rating S&P
Security Reference Code
Security Reference Number
Settlement Account Delivery Code
Strike Driver Code
Subordinated Code
Term Product Indicator
Trace Identifier
Trade Currency Code
Trade Price UOM Code
Trade Quantity UOM Code
Trading Book Concession Indicator
Underlying Asset Indicator
Underlying Asset Reference
Actual Settlement Date
Amortisation End Date
Amortisation Start Date
Arrangement Close Date
Arrangement Open Date
Credit Facility Approved Date
Credit Facility Last Review Date
Document Date
Entity Effective End Date
Entity Effective Start Date
Ex Dividend Date
Facility Maturity Date
Facility Start Date
First Interest Settlement Date
First Recurring Recast Date
First Repayment Date
First Repricing Date
Funding Rate Effective Date
ImportExport Document Received Date
Last Interest Settlement Date
Last Recurring Recast Date
Last Repayment Date
Last Repricing Date
Last Rollover Date
Maturity Date
Next Interest Settlement Date
Next Payment Change Date
Next Recast Date
Next Repayment Date
Next Repricing Date
Original Contractual Maturity Date
Overdue Date
Platform Processing Date
Previous Recast Date
Repricing Life Cap Expiration Date
Security Callable Date
Security Issue Date
Value Date
Work Of Date
Amortisation Term Number
Credit Facility Initial Commitment Amount
Current Funding Rate
Current Gross Interest Rate
Current Net Interest Rate
Fair Value Amount
Guarantee Percentage
Lender Original Loan Amount
Mark to Market Clean Price
Mark to Market Price
Negam Recast Frequency Number
Negative Amortization Ceiling Rate
Original Contractual Term Number
Original Face or Nominal Amount
Original Principal Balance Amount
Original Rollover Amount
Owned Participation Percentage
Payment Change Frequency Term Number
Payment Change Life Cap Rate
Payment Change Life Floor Rate
Payment Change Period Cap Rate
Payment Change Period Floor Rate
Repayment Amount
Repayment Frequency Number
Repricing Frequency Number
Repricing Life Cap Rate
Repricing Life Floor Rate
Repricing Period Cap Rate
Repricing Period Floor Rate
Repricing Spread Rate
Reserve Requirement Percentage
Security Callable Price
Strike Price
Total Issue Amount
Trade Price
Trade Quantity Amount
Yield Rate
Account Arrangement Name
Accounting Treatment Code
Affiliate Chartfield
Amortisation Term UOM Code
Amortising Accreting Method Code
Arrangement External Number
Arrangement Internal Number
Arrangement Local Number
Arrangement Primary Instrument Indicator
Arrangement Source System Code
Arrangement Status Code
Arrangement Suffix Code
Arrangement Type Code
Asset Pool Number
Asset Sale Code
Balance Movement Code
Bill Acceptance Code
Bill Acceptance Type Code
Brady Debt Indicator
Buy Sell Code
City Name
Collateral Customer Reference Number
Collateral Customer Source System Code
Collateral Type Code
Collateral Type Customer Code
Collateral Type Group Code
Commodity Code
Compound Interval Interest Code
Confirmed Risk Indicator
Cost Centre Number
Counterparty Reference Number
Counterparty Source System Code
Country Of Head Office
Country of Incorporation
Country Of Residence
Country Of Ultimate Risk
Credit Facility Commitment Code
Credit Facility Purpose Code
Credit Grade Code
Customer Reference Number
Customer Relationship Role Code
Customer Relationship Type Code
Customer Short Name
Customer Source System Code
Dealer ID
Deposit Negotiable Indicator
Detail Customer Type Code
Detail Product Code
Draft Disposition Code
Exchange Listing Code
Facility Country of Risk Code
Facility Initial Commitment Currency Code
Facility Primary Usage Code
Facility Risk Term To Maturity
Facility Risk Term To Maturity UOM Code
Fair Value Currency Code
Fair Value Hedge Indicator
Fitch External Credit Rating
Front Office Transaction Reference
FSA Approval Indicator
Funding Accrual Basis Code
Funding Desk Reference Number
Funding Rate Source System Code
Funding Rate Type Code
GBM Book/Position
Global Customer Number
Global Relationship Manager Employee Number
Government Required Product Indicator
Guarantee Indicator
Guarantee Type Code
Guarantor Customer Reference Number
Guarantor Customer Source System Code
Hedge Identification Code
Impaired Loan Indicator
Import/Export Counterparty Bank Name
Import/Export Counterparty Name
Interest Accrual Basis Code
Interest Accrual Status Code
Interest Payment Timing Code
Interest Rate Schedule Code
Interest Rate Type Code
Interface Identifier Code
Journal Identifier
Journal Source System Code
Legacy Chart Of Account Number
Legacy Company Number
Legacy Cost Centre
Lender Original Loan Amount Currency Code
Loan Factoring Indicator
Loan Grade Type Code
Local Relationship Manager Employee Number
Moodys External Credit Rating
Negam Recast Frequency UOM Code
Negam Recast Schedule Code
Operational Risk Loss Event Identifier
Option Class Code
Option Execution Style Code
Option Type Code
Original Contractual Term UOM Code
Original Face or Nominal Amount Currency Code
Original Principal Currency Code
Original Rollover Amount Currency Code
Origination Channel Code
Overdraft Protection Indicator
Participated Loan Indicator
Participation Role Code
Payable On Demand Indicator
Payment Calculation Code
Payment Change Frequency UOM Code
Payment Change Schedule Code
Payment Schedule Code
Payment Timing Code
Postal or Zip Code
Rank Collateral Status Code
Record Type Code
Regional Residence Code
Regulatory Banking Trading Book Code
Relationship Manager Name
Renegotiated Indicator
Repayment Currency Code
Country Of Residence
Postal Code Area
Affiliate Reporting Unit
Amortisation Term Number
Credit Facility Initial Commitment Amount
Current Funding Rate
Current Gross Interest Rate
Current Net Interest Rate
Fair Value Amount
Guarantee Percentage
Lender Original Loan Amount
Mark to Market Clean Price
Mark to Market Price
Negam Recast Frequency Number
Negative Amortization Ceiling Rate
Original Contractual Term Number
Original Face or Nominal Amount
Original Principal Balance Amount
Original Rollover Amount
Owned Participation Percentage
Payment Change Frequency Term Number
Payment Change Life Cap Rate
Payment Change Life Floor Rate
Payment Change Period Cap Rate
Payment Change Period Floor Rate
Repayment Amount
Repayment Frequency Number
Repricing Frequency Number
Repricing Life Cap Rate
Repricing Life Floor Rate
Repricing Period Cap Rate
Repricing Period Floor Rate
Repricing Spread Rate
Reserve Requirement Percentage
Security Callable Price
Strike Price
Total Issue Amount
Trade Price
Trade Quantity Amount
Yield Rate
City
Country Of Ultimate Risk
Regional
Residence
Repayment Condition
Payment Change Condition
Interest Condition
Contractual Term Condition
Repricing Condition
Cost Centre
Facility
Country
Of Risk
Security Callable Date
Security Issue Date
Value Date
Work Of Date
Actual Settlement Date
Amortisation End Date
Amortisation Start Date
Arrangement Close Date
Arrangement Open Date
Credit Facility Approved Date
Credit Facility Last Review Date
Document Date
Entity Effective End Date
Entity Effective Start Date
Ex Dividend Date
Facility Maturity Date
Facility Start Date
First Interest Settlement Date
First Recurring Recast Date
First Repayment Date
First Repricing Date
Funding Rate Effective Date
ImportExport Document Received Date
Last Interest Settlement Date
Last Recurring Recast Date
Last Repayment Date
Last Repricing Date
Last Rollover Date
Maturity Date
Next Interest Settlement Date
Next Payment Change Date
Next Recast Date
Next Repayment Date
Next Repricing Date
Original Contractual Maturity Date
Overdue Date
Platform Processing Date
Previous Recast Date
Repricing Life Cap Expiration Date
Customer /
Counterparty
Reporting Unit
Funding Condition
Funding
Desk
Amortisation Condition
Rolled-Over
Arrangement
Credit Facility
Arrangement
Arrangement
Negative Amortisation
Recast Condition
Product
Asset Pool
Participated
Lending
Arrangement
Restructured
Arrangement
Guaranteed
Arrangement
Guarantor
Repayment Frequency UOM Code
Reporting Unit
Repricing Frequency UOM Code
Repricing Index Code
Repricing Schedule Code
Restructured Indicator
S&P External Credit Rating
Security Guarantor ID
Security Issuer ID
Security Rating Moodys
Security Rating S&P
Security Reference Code
Security Reference Number
Settlement Account Delivery Code
Strike Driver Code
Subordinated Code
Term Product Indicator
Trace Identifier
Trade Currency Code
Trade Price UOM Code
Trade Quantity UOM Code
Trading Book Concession Indicator
Underlying Asset Indicator
Underlying Asset Reference
Lending
Arrangement
Collateral
Arrangement
Collateral
Provider
Import/Export
Counterparty
Journal
Entry
Deposit
Arrangement
Banker’s
Acceptance
Arrangement
Credit Derivative
Arrangement
Financial
Journal Entry
Protected
Arrangemen
t
Documentary
Credit
Arrangement
Import/Export
Counterparty Bank
Financial Instrument
Arrangement
Hedge
Arrangemen
t
Financial Instrument
Option
Instrument
Exchange
Statistical
Journal Entry
Accounts Payable
Journal Entry
Funding
Journal Entry
Allocation
Journal Entry
Use Case 2a: Unfolding the “meaning” of “Fixed Rate Investment Residential Mortgage”
Offered Product
Arrangement
Offered Product
Indicator
Arrangement
Type
Interest Bearing
Product Indicator
Interest Bearing
Product
Islamic Product
Indicator
Non-Islamic
Product
Product
Arrangement
Product
Product Sponsorship
Product Interest
Structure
Fixed Interest
Product
Non Sponsored
Product
Product Type
Finance Service
(Loan) Product
Finance
Service Type
Mortgage
Product
Secured Landing
Indicator
Secured Lending
Product
Finance Service
Purpose
Asset Acquisition
Financing
Lien
Position
Asset Acquisition
Financing Type
Unsubordinated
Lien Product
Real Property
Purchase Financing
Resource
Item
Resource
Item Type
Residential Property
Structure
Building
Usage Type
Real
Property
Real Property
Type
Building Structure
Intended For Rented Occupation
Intended
Occupation Type
Building
Structure
Real Property
Improvement
Real Property
Improvement Type
Use Case 2b: SBVR-like Fragment for “Fixed Rate Investment Residential Mortgage”
fixed rate investment residential mortgage
Concept Type: management information product category
Definition:
product arrangement where the product provided by the product arrangement is an offered product, is a fixed
Interest product, is not a sponsored product and is a mortgage product that is not a subordinated product that is
for real property purchase financing where the real property type is a real property improvement that is a building
structure that is a residential property structure and is building structure intended for rented occupation
product arrangement
Concept Type
arrangement type
Definition:
arrangement between involved parties specifying the terms by which one involved party obtains the use of the
products of the other involved party.
product arrangement specializes arrangement
product arrangement provides product
product arrangement is provided by involved party
involved party is customer in product arrangement
product
Concept Type
data concept type
Definition:
data concept that describes goods and services that can be offered, sold or purchased by The Bank, its
competitors and other involved parties during the normal course of banking business.
offered product
Concept Type
offered product indicator
Definition:
product that is offered by The Bank,
Interest bearing product
Concept Type
Interest bearing indicator
Definition:
product that provides funds to an involved party in return for interest paid by the other involved party
Necessity:
no interest bearing product is an islamic banking product
mortgage product
Concept Type
finance service type
Definition:
finance service (loan) product where the funds advanced are secured by a lien identifying a collateral document
that is a deed that records the right to an asset that is real property, which is to be conveyed from its owner to a
creditor in case of failure to meet a debt.
Necessity:
every mortgage product is a secured lending product