Financial Industry Business Data Model

Foundation diagrams

The foundation data model package includes generic design patterns such as dates and times, virtual and physical places, agents and parties, agreements, and arrangements.

Specific packages use foundation entities in derived subtypes and relationships.

The FIBO Foundations packages have the basic building blocks of FIB-DM. FIBO Foundations deals with the underlying concepts of contracts, agents, agreements, transactions, processes, dates, time, goals, legal concepts including jurisdiction and capacity, organizational types, the meaning of ownership and control, the concept of parties and roles, baseline concepts associated with products and services, the fundamental accounting concepts, units of measure, quantities, and schedules. FIBO Foundations is the essential scaffolding upon which the other FIBO modules build up.


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FIB-DM Real Property package entities diagram
FIB-DM Real Property package entities
Foundation diagram - Agents and People
Agents and People
Places
Dates and Times – Financial Dates
Dates and Times – Business Dates
Parties
Agreements – Agreements
Agreements – Contracts
Arrangements – Arragements
Arrangements

The Real Property package models information about land and buildings.
The property may have Inceptions and Appraisals. It has a Real Property Identifier. The Tract (or Lot) defines the boundaries of the piece of land and has a Tract Identifier.
While this information is essential for Real Property as collateral in a Mortgage, it is independent of the Loan. Hence, Real Property is a sub-package of FIBO Foundation Places.