Defining the Program Roadmap.

Refer to page - Program Roadmaps - ARCHIVED

• Aim is to map out a roadmap for the year, including likelihood of achievement (e.g. 90% expectation of achieving milestone 1).
• One item for H1 is to explore using OpenCorporate symbology to link issuer IDs. 
• Discussion items included:
  • There is an organisation (name to be confirmed but something like Futures of the World) issuing ISINs and CUSIPs for commodity options in the US (not sure about mapping to BB). Therefore, creating an open symbology for US listed commodity Options is no longer a focus area.
  • Equity options also have a standard symbology so not a focus area.
  • Briefly reviewed challenges around new agency bond issuance including the length of time it takes and issues this causes while waiting for identifiers to come out. Would it be possible for FINOS to have a role in creation and maintenance? Could it be the repository, would another org need to maintain, etc.?
  • A later step would be to promote the adoption of Securities FIGI, with cross vendor adoption of OpenID. Would need to break this down further by asset class to evaluate/progress.
  • There may be some crossover between this discussion and one in the Financial Objects WG. Tosha to get in touch with Maria from FO WG.
  • Sailesh will present a draft roadmap for discussion at next meeting.

• Tosha has emailed community@opencorporates.com (multiple times) with no response yet.
• John reminded the group of the links he previously pointed out https://opencorporates.com/info/licence and https://opencorporates.com/registers. 
• John noted that majority of sources for Open Corporates are probably local agencies. For FactSet the focus on on entities that have already issued instruments or non-issuers in a relevant corporate hierarchy.
• It would be useful to reach out to Refinitiv and Bloomberg to understand how they use Open Corporates.
• Given his company's unbiased relationship with data providers, Mark offered to do a quick survey of some of these providers, e.g. S&P, Moody's and Refinitiv, on their use of Open Corporates.
• It would be useful to see a demo of how Open Corporates data is mapped. John to see if he can organise a demo for the next meeting.

• Tosha to reach out to S&P to invite them to join the call, given their knowledge of and experience with issuance, and more specifically, affiliation with CUSIPs.
• One issue with FIGI is that while Bloomberg has made it open it doesn't publish at corporate level, it publishes at entity level. John will contact Bloomberg to see if they've considered changing this.

• Pascal suggested documenting what is know to be open and what is proprietary. This can be done on the Wiki site.
• The group is encouraged to continue the discussion using the email list data-tech-sec-ref@finos.org. If you need to be added please simply send a blank email to data-tech-sec-ref+subscribe@finos.org.