About: Currency Amount Ontology

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Attributes	Values
type	Ontology
label	Currency Amount Ontology
imports	https://spec.edmcouncil.org/fibo/ontology/FND/Relations/Relations/ https://www.omg.org/spec/Commons/CodesAndCodeSets/ https://www.omg.org/spec/Commons/Collections/ https://www.omg.org/spec/Commons/ContextualDesignators/ https://www.omg.org/spec/Commons/Designators/ https://www.omg.org/spec/Commons/Documents/ https://www.omg.org/spec/Commons/Identifiers/ https://www.omg.org/spec/Commons/QuantitiesAndUnits/ https://www.omg.org/spec/Commons/TextDatatype/ https://www.omg.org/spec/LCC/Countries/CountryRepresentation/ https://www.omg.org/spec/Commons/AnnotationVocabulary/ https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/
described by	https://demo.openlinksw.com/about/id/entity/https/raw.githubusercontent.com/edmcouncil/fibo/master/FND/Accounting/CurrencyAmount.rdf https://demo.openlinksw.com/about/id/entity/urn/fint:ontologies
Abstract	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.
editorial note	(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.
License	https://opensource.org/licenses/MIT
change note	The https://spec.edmcouncil.org/fibo/ontology/FND/20190901/Accounting/CurrencyAmount/ version of this ontology was modified to improve definitions for notional amount and currency identifier. The FIBO FND 1.1 (https://spec.edmcouncil.org/fibo/ontology/FND/20160201/Accounting/CurrencyAmount.rdf) version of this ontology was modified per FIBO 2.0 RFC, including the addition of a new hasMonetaryAmount property as a superproperty of others required by various FIBO domain teams and integration with LCC. The https://spec.edmcouncil.org/fibo/ontology/FND/20180801/Accounting/CurrencyAmount.rdf version of this ontology was modified to include several classes to support automated inclusion of all ISO 4217 codes published as of 2018-06-04, and to revise definitions per the eighth edition of the specification. The https://spec.edmcouncil.org/fibo/ontology/FND/20230101/Accounting/CurrencyAmount.rdf version of this ontology was modified to use the Commons Ontology Library (Commons) rather than the OMG's Languages, Countries and Codes (LCC) and to eliminate redundancies in FIBO as appropriate. The https://spec.edmcouncil.org/fibo/ontology/FND/20191201/Accounting/CurrencyAmount/ version of this ontology was modified to correct the explanatory note on currency identifier. The https://spec.edmcouncil.org/fibo/ontology/FND/20190501/Accounting/CurrencyAmount/ version of this ontology was modified to eliminate deprecated elements. The https://spec.edmcouncil.org/fibo/ontology/FND/20181101/Accounting/CurrencyAmount/ version of this ontology was modified to use the generic statistical measures and measurements now in FND. The https://spec.edmcouncil.org/fibo/ontology/FND/20231101/Accounting/CurrencyAmount.rdf version of this ontology was modified to tease out the distinction between the nominal and notional amount, which were confused (DER-127) and to replace content that is now available in the OMG Commons Ontology Library (Commons) v1.1 (FND-380). The https://spec.edmcouncil.org/fibo/ontology/FND/20220701/Accounting/CurrencyAmount.rdf version of this ontology was modified to use the Commons Ontology Library (Commons) Annotation Vocabulary rather than the OMG's Specification Metadata vocabulary. The https://spec.edmcouncil.org/fibo/ontology/FND/20220201/Accounting/CurrencyAmount/ version of this ontology was modified to add a restriction to indicate the currency on percentage monetary amount, make currency a subclass of unit of measure, and deprecate the notion of monetary measure, which is more about monetary policy and was incorrectly used in a few places, and is out of scope for our current set of use cases. The https://spec.edmcouncil.org/fibo/ontology/FND/20210201/Accounting/CurrencyAmount/ version of this ontology was modified to loosen a restriction on currency to allow for more than one numeric currency code, which was necessitated by the October 2021 update to the ISO currency code definitions. The https://spec.edmcouncil.org/fibo/ontology/FND/20000601/Accounting/CurrencyAmount/ version of this ontology was modified to replace a redundant concept, calculation formula with formula. The https://spec.edmcouncil.org/fibo/ontology/FND/20230301/Accounting/CurrencyAmount.rdf version of the ontology was modified to eliminate deprecations that are more than 6 months old. The https://spec.edmcouncil.org/fibo/ontology/FND/20191201/Accounting/CurrencyAmount/ version of this ontology was modified to eliminate duplication with concepts in LCC, dependencies on a couple of ontologies that were unnecessary, eliminate references to external dictionary sites that no longer resolve, clean up ambiguity in definitions, eliminate a redundant property, and add unit price. The https://spec.edmcouncil.org/fibo/ontology/FND/20220301/Accounting/CurrencyAmount/ version of this ontology was modified to eliminate hygiene errors with respect to text formatting. The FIBO FND 1.0 (https://spec.edmcouncil.org/fibo/ontology/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 https://spec.edmcouncil.org/fibo/ontology/FND/1.0/AboutFND-1.1/, including adding support for ISO 4217 currency codes. The https://spec.edmcouncil.org/fibo/ontology/FND/20220101/Accounting/CurrencyAmount/ version of this ontology was modified to move the definition of precious metal and the corresponding identifier to this ontology from Products and Services to simplify imports in cases where the broader definitions for commodities are not required and deprecated isTenderIn, given that we have used the property isUsedBy for this purpose in the currency codes themselves.
https://spec.edmco.../hasMaturityLevel	https://spec.edmcouncil.org/fibo/ontology/FND/Utilities/AnnotationVocabulary/Release
https://www.omg.or...lary/directSource	ISO 4217 Codes for the representation of currencies and funds, Seventh edition, 2008-07-15 ISO 4217 Codes for the representation of currencies and funds, Eighth edition, 2015-08-01
versionIRI	https://spec.edmcouncil.org/fibo/ontology/FND/20231201/Accounting/CurrencyAmount/
https://www.omg.or...abulary/copyright	Copyright (c) 2013-2023 Object Management Group, Inc. Copyright (c) 2013-2023 EDM Council, Inc.
is topic of	https://raw.githubusercontent.com/edmcouncil/fibo/master/FND/Accounting/CurrencyAmount.rdf urn:fint:ontologies

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