This ontology defines currency and monetary amount related concepts for use in defining other FIBO ontology elements. There are two distinct kinds of concepts that correspond to money and amounts: a concrete, actual amount of money, and the monetary measure of something denominated in some currency. These are dimensionally the same but whereas 'money amount' is defined as an amount of money, 'monetary amount' is an abstract monetary measure.
The definition of currency provided herein is compliant with the definitions given in ISO 4217. ISO 4217 provides universally applicable coded representations of names of currencies and funds, used internationally for financial transaction support. The ontology has been partitioned into 2 parts: (1) the essential concept system describing the standard (this module), and (2) ISO4217-1-CurrencyCodes, which contains all of the individuals specified in ISO 4217.
Currency Amount Ontology
a predicate indicating the base currency in an exchange rate; one unit of this currency represents R units of the dealt currency, where R is the exchange rate value
has base currency
the currency in which the money amount is denominated
has base money unit
the currency in which the monetary amount is defined
has currency
a predicate indicating the dealt currency in an exchange rate; R units of this currency represent one unit of the base currency
has dealt currency
has a notional value expressed as some monetary amount, that is a number and a currency in which that number is denominated
has notional amount
indicates the value of something expressed as an amount of money or goods
has price
a jurisdiction in which the currency is exchangeable for goods and services
is tender in
a total number or quantity
has amount
provides the full currency name, including diacritical marks
has currency name
relates a unique three-character string to the identifier for a currency
has currency tag
relates a unique three-character string to the identifier for funds
has funds tag
indicates the type of funds, such as next day for US funds
has funds type
relates a code for the minor unit of currency to the currency or fund
has minor unit
relates a numeric code to the currency or fund
has numeric code
has a value for a rate expressed as a number (may be a percentage or raw number)
has rate value
a sum of money
amount of money
a monetary price determined by a formula
calculated price
medium of exchange value, defined by reference to the geographical location of the authorities responsible for it
currency
the trigraph representing the currency
currency identifier
a rate at which one currency can be exchanged for another
exchange rate
monetary resources associated with a currency
funds
the trigraph representing the funds
funds identifier
an amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets
interest rate
the measure which is an amount of money specified in monetary units
monetary amount
a price that that is expressed as a monetary amount
monetary price
some measure of some sum of money
monetary measure
a sum of money
money amount
a measure of some amount of money expressed as a percentage of some other amount, some notional amount or some concrete money amount
percentage monetary amount
an amount of money, goods, or services requested, expected, required, or given in exchange for something else
price
1
1
1
1
1
1
1
1
1
1
1
1
Copyright (c) 2013-2016 EDM Council, Inc.
Copyright (c) 2013-2016 Object Management Group, Inc.
http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense
CurrencyAmount.rdf
fibo-fnd-acc-cur
This ontology defines currency and monetary amount related concepts for use in defining other FIBO ontology elements. There are two distinct kinds of concepts that correspond to money and amounts: a concrete, actual amount of money, and the monetary measure of something denominated in some currency. These are dimensionally the same but whereas 'money amount' is defined as an amount of money, 'monetary amount' is an abstract monetary measure.
The definition of currency provided herein is compliant with the definitions given in ISO 4217. ISO 4217 provides universally applicable coded representations of names of currencies and funds, used internationally for financial transaction support. The ontology has been partitioned into 2 parts: (1) the essential concept system describing the standard (this module), and (2) ISO4217-1-CurrencyCodes, which contains all of the individuals specified in ISO 4217.
(1) The present version of the ontology covers the English sections of the ISO 4217 standard only, and (2) UTF-8 character encodings are employed in names in the currency codes ontology to support the broadest number of tools.
The FIBO FND 1.0 (http://www.omg.org/spec/EDMC-FIBO/FND/20141101/Accounting/CurrencyAmount.rdf) version of this ontology was modified per the additions introduced in the FIBO FBC RFC and related issue resolutions identified in the FIBO FND 1.1 RTF report and http://www.omg.org/spec/EDMC-FIBO/FND/1.0/AboutFND-1.1/, including adding support for ISO 4217 currency codes.
ISO 4217 Codes for the representation of currencies and funds, Seventh edition, 2008-07-15
ISO 4217 Currency and funds code list, 2014-03-28
http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/AnnotationVocabulary/
http://www.omg.org/spec/EDMC-FIBO/FND/AgentsAndPeople/Agents/
http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/BusinessFacingTypes/
http://www.omg.org/spec/EDMC-FIBO/FND/Relations/Relations/
http://www.omg.org/spec/EDMC-FIBO/FND/Arrangements/Codes/
http://www.omg.org/spec/EDMC-FIBO/FND/Arrangements/IdentifiersAndIndices/
http://www.omg.org/spec/EDMC-FIBO/FND/Places/Countries/
http://www.omg.org/spec/EDMC-FIBO/FND/Utilities/Analytics/
http://www.omg.org/spec/EDMC-FIBO/FND/Quantities/QuantitiesAndUnits/
http://www.omg.org/spec/EDMC-FIBO/FND/Law/Jurisdiction/
http://www.omg.org/spec/ODM/
http://www.w3.org/standards/techs/owl#w3c_all
a predicate indicating the base currency in an exchange rate; one unit of this currency represents R units of the dealt currency, where R is the exchange rate value
the currency in which the money amount is denominated
the currency in which the monetary amount is defined
a predicate indicating the dealt currency in an exchange rate; R units of this currency represent one unit of the base currency
The domain for this property should be interpreted as being an abstraction which covers various forms of commitment, which may set out the existence of some notional amount of money, specified via this property. This is left unspecified for now, so that the property can also be defined directly as being a property of some contractual term which describes that commitment.
has a notional value expressed as some monetary amount, that is a number and a currency in which that number is denominated
indicates the value of something expressed as an amount of money or goods
Commonly referred to also as legal tender, however this definition does not hold literally in some countries e.g. Scotland.
a jurisdiction in which the currency is exchangeable for goods and services
a total number or quantity
provides the full currency name, including diacritical marks
relates a unique three-character string to the identifier for a currency
relates a unique three-character string to the identifier for funds
indicates the type of funds, such as next day for US funds
relates a code for the minor unit of currency to the currency or fund
Requirements sometimes arise for values to be expressed in terms of minor units of currency. When this occurs, it is necessary to know the decimal relationship that exists between the currency concerned and its minor unit.
- 0 means that there is no minor unit for the currency;
- 1, 2, and 3 signify a ratio of 10 to 1, 100 to 1 and 1000 to 1 respectively.
relates a numeric code to the currency or fund
The numeric currency code is derived, where possible, from the United Nations Standard Country or Area Code. Additional codes to meet special requirements (as described in 5.1.3) and in respect of funds will be allocated as necessary from within the user-assigned range of codes 950 to 998. Funds codes are allocated in descending order commencing at 998.
has a value for a rate expressed as a number (may be a percentage or raw number)
cash
a sum of money
This is an actual sum of money, not the measure of a sum of money in monetary units, although it has the same basic properties (decimal number with a currenct unit).
a monetary price determined by a formula
http://www.businessdictionary.com/definition/price.html
Codes for the representation of currencies and funds, ISO 4217, Seventh edition, 2008-07-15, section 3.1.
medium of exchange value, defined by reference to the geographical location of the authorities responsible for it
the trigraph representing the currency
The first (left-most) two characters of the currency identifier provide a code unique to the currency authority to which it is assigned. Wherever practicable, it is derived from the geographical location of the currency authority, as described in ISO 3166.
The third (right-most) character of the identifier (alphabetic code) is an indicator, preferably mnemonic, derived from the name of the major currency unit or fund.
Where the currency is not associated with a single geographical entity as described in ISO 3166-1, a specially allocated identifier (alpha-2 code) will be used to describe the currency authority. This code will be allocated by the Maintenance Agency from within the user-assigned range of codes XA to XZ specified in 8.1.3 of ISO 3166-1:1997. The character following X will be a mnemonic, where possible, derived from the name of the geographical area concerned.
a rate at which one currency can be exchanged for another
The exchange rate between the U.S. dollar and British pound is distinct from the exchange rate between the U.S. dollar and the euro.
Barron's Dictionary of Finance and Investment Terms, Ninth Edition, 2014.
Codes for the representation of currencies and funds, ISO 4217, Seventh edition, 2008-07-15, section 3.2.
monetary resources associated with a currency
the trigraph representing the funds
an amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets
Interest rates are typically noted on an annual basis, known as the annual percentage rate (APR). The assets borrowed could include cash, consumer goods, and large assets such as a vehicle or building. The rate is derived by dividing the amount of interest by the amount of principal borrowed. Interest rates are quoted on bills, notes, bonds, credit cards, and many kinds of consumer and business loans.
Barron's Dictionary of Finance and Investment Terms, Ninth Edition, 2014.
This is an abstract concept, not to be confused with a sum of money (Money Amount).
the measure which is an amount of money specified in monetary units
a price that that is expressed as a monetary amount
As the consideration given in exchange for transfer of ownership, price forms the essential basis of commercial transactions. It may be fixed by a contract, left to be determined by an agreed upon formula at a future date, or discovered or negotiated during the course of dealings between the parties involved. In commerce, price is determined by what (1) a buyer is willing to pay, (2) a seller is willing to accept, and (3) the competition is allowing to be charged.
http://www.businessdictionary.com/definition/price.html
http://www.oxforddictionaries.com/definition/english/price
This may be a measure expressed in terms of decimal plus currency, or it may be a measure expressed in terms of a percentage amount with reference to some other monetary amount or to some Money Amount (actual amount of money).
some measure of some sum of money
a sum of money
This will have a relationship to what it is a percentage of. Alternatively and for some applications of this term, there may be an enumerated list of possible things it is a percentage of.
a measure of some amount of money expressed as a percentage of some other amount, some notional amount or some concrete money amount
an amount of money, goods, or services requested, expected, required, or given in exchange for something else
http://www.businessdictionary.com/definition/price.html
http://www.oxforddictionaries.com/definition/english/price