The entities in the entity-relationship diagrams on this page derived from the FIBO Q3-2023 LOANS ontologies.
Supertypes and relationships reused for other business areas (e.g., Bonds) are defined in Foundation, Business Entities, and Finance Business & Commerce.
The diagram shows the structure of the FIB-DM packages, which is the same as the FIBO structure of ontologies. Loans General entities define business content applicable to all types of loan, whereas Loan-Specific packages model content for Cards, Student– and Consumer loans.
The package for data model objects derived from the Loans ontology module. This ontology is the top-level, and most fundamental ontology for the LOAN module, extending the Debt ontology to define concepts common to all loans. It includes the primary obligations to fund the loan and to pay it back according to payment schedules. Kinds of loans covered in this ontology include open and closed end, secured and unsecured.
Debt, Foundation, and other FIB-DM packages provide the Associative Entities connecting “island” entities like the Payment Schedule in this package diagram to the Loan.
The Card Accounts package diagram depicts the entities derived from the FIBO Cards ontology.
This ontology defines revolving credit account-related concepts that are specific to credit and debit cards. Note that it does not differentiate between consumer and commercial/corporate cards and is capable of representing either.
The consumer loans ontology defines concepts specific to loans offered only to consumers rather than organizations, primarily for personal, family, or household purposes.
A Consumer Loan breaks down into subtypes: unsecured and Secured Consumer Loans, currently Car and Home loans. The Consumer Loan has a Borrower, typically restricted to individuals. The Loan is collateralized by Physical Collateral (the car or house,) defined in the Finance, Business & Commerce/Debt & Equity package. An asset Pool, defined in the Asset Backed Securities package may have the Loan as a Constituent.
Student Loans can be Regulated, where the lender is a government entity or non-profit, or private, without any special regulations. The loan has a Borrower, the student. An Asset-Backed Securities Pool, defined in the Debt package, may have the Student Loan as a Constituent.
The table lists the Name, Code, and Definitions of the entities in the data model diagrams. The stereotype Associative Entity, in blue, derived from FIBO object properties.
|Closed End Credit||fibo-loan-ln-ln:ClosedEndCredit||Credit agreement in which the loan principal cannot be increased after funds are dispersed in full when the loan closes|
|Collateralized Loan||fibo-loan-ln-ln:CollateralizedLoan||Secured loan that is secured with cash or other acceptable collateral (real property, securities or other assets) provided by the borrower as specified in the collateral agreement|
|Comaker||fibo-loan-ln-ln:Comaker||Party that signs a borrower’s promissory note, providing additional security and potentially improving the quality of the debt|
|Combined Loan To Value Ratio||fibo-loan-ln-ln:CombinedLoanToValueRatio||Ratio of the total amount of debt that is secured by the asset(s) and the appraised value of the asset(s) securing the financing|
|Guaranteed Loan||fibo-loan-ln-ln:GuaranteedLoan||Loan that is secured with respect to repayment of principal and interest by guaranty|
|has Cost||fibo-loan-ln-ln:hasCost||Has amount payable for principal, interest, fees or other expenses||Associative Entity|
|has Credit Limit||fibo-loan-ln-ln:hasCreditLimit||Specifies the maximum amount of funds that may be borrowed (e.g. for line of credit)||Associative Entity|
|has First Rate Change Term||fibo-loan-ln-ln:hasFirstRateChangeTerm||Specifies a period of time in months after origination during which the interest rate cannot change||Associative Entity|
|has Individual Payment||fibo-loan-ln-ln:hasIndividualPayment||Links an actual payment of principal, interest, and other related amounts to the overall payment history for an account||Associative Entity|
|has Loan Balance||fibo-loan-ln-ln:hasLoanBalance||Indicates the balance with respect to the principal on the loan as of some date||Associative Entity|
|has Payment History||fibo-loan-ln-ln:hasPaymentHistory||Relates a credit agreement, loan, or commitment to any history of payments that have been made by the borrower up to the point that payment history is requested||Associative Entity|
|has Pre Payment Penalty Term||fibo-loan-ln-ln:hasPrePaymentPenaltyTerm||Relates a loan to a period of time in months after which there is no prepayment penalty||Associative Entity|
|has Principal Amount||fibo-loan-ln-ln:hasPrincipalAmount||Indicates the notional amount of the contract||Associative Entity|
|has Scheduled Unpaid Balance||fibo-loan-ln-ln:hasScheduledUnpaidBalance||Indicates what the balance should be after a scheduled payment is made according to contract terms||Associative Entity|
|has Total Closing Costs||fibo-loan-ln-ln:hasTotalClosingCosts||Indicates the total the amount paid at the closing of a real estate transaction, i.e., at the time when the title to the property is conveyed (transferred) to the buyer||Associative Entity|
|has Total Points And Fees||fibo-loan-ln-ln:hasTotalPointsAndFees||Indicates a form of pre-paid interest, charged by the lender as an alternative to charging a higher rate of interest on the mortgage loan||Associative Entity|
|Individual Payment Transaction||fibo-loan-ln-ln:IndividualPaymentTransaction||Actual payment of principal, interest, fees, or other related amounts towards fulfillment of a debt obligation|
|is Serviced By||fibo-loan-ln-ln:isServicedBy||Relates a loan to the financial service provider that services it||Associative Entity|
|Lender Lien Position||fibo-loan-ln-ln:LenderLienPosition||Classifier indicating whether the lender has the primary lien position with respect to an asset used as collateral for the loan|
|Loan||fibo-loan-ln-ln:Loan||Debt instrument whereby one party extends money or credit to another party (or parties) with the understanding that the borrowed money will be repaid according to the terms of the contract|
|Loan Payment Schedule||fibo-loan-ln-ln:LoanPaymentSchedule||Regular payment schedule associated with a given loan-specific account|
|Loan Principal||fibo-loan-ln-ln:LoanPrincipal||Notional value of the loan that must be paid at or before maturity|
|Loan Specific Customer Account||fibo-loan-ln-ln:LoanSpecificCustomerAccount||Account held by the borrower associated with a specific loan|
|Loan To Value Ratio||fibo-loan-ln-ln:LoanToValueRatio||Ratio, expressed as a percentage, between the principal amount of the loan and the appraised value of the asset securing the financing|
|Open End Credit||fibo-loan-ln-ln:OpenEndCredit||Credit agreement that may be extended up to an agreed credit limit and paid down at any time within the period of the line, if any, and on which interest is charged only on the outstanding balance|
|Ownership Interest||fibo-loan-ln-ln:OwnershipInterest||Classifier indicating the nature of the applicant’s or borrower’s ownership or leasehold interest in an asset used as collateral for the loan|
|Payment History||fibo-loan-ln-ln:PaymentHistory||Record of actual payments of principal, interest, and other related amounts made by a borrower to a lender or servicer in order to fulfill their re-payment obligation|
|Prepayment Terms||fibo-loan-ln-ln:PrepaymentTerms||Principal repayment terms related to payment of the loan prior to maturity|
|Secured Loan||fibo-loan-ln-ln:SecuredLoan||Loan in which the borrower pledges some asset via a security agreement as collateral for the loan, or that is secured via third-party guarantee|
|Security Agreement||fibo-loan-ln-ln:SecurityAgreement||Agreement between parties that contains information about their relative duties and rights regarding the disposition of a specified asset used as collateral|
|Servicer||fibo-loan-ln-ln:Servicer||Party that collects principal and interest payments on behalf of the lender|
|Unsecured Loan||fibo-loan-ln-ln:UnsecuredLoan||Loan granted based on the strength of the borrower’s credit history or reputation in the community|
|Consumer Loan||fibo-loan-spc-cns:ConsumerLoan||Loan to one or more individuals for household, family, or other personal expenditures, excluding mortgages and student loans|
|Home Equity Line Of Credit||fibo-loan-spc-cns:HomeEquityLineOfCredit||Line of credit granted to a homeowner secured by the equity value in a borrower’s home or other property|
|Motor Vehicle Loan||fibo-loan-spc-cns:MotorVehicleLoan||Collateralized, simple-interest loan that is repaid in monthly installments over a period of typically three to five years, for the purpose of purchasing a vehicle|
|Secured Consumer Loan||fibo-loan-spc-cns:SecuredConsumerLoan||Loan to one or more individuals for household, family, or other personal expenditures in which the borrower pledges some asset via a security agreement as collateral for the loan, or that is secured via third-party guarantee|
|Unsecured Consumer Loan||fibo-loan-spc-cns:UnsecuredConsumerLoan||Loan to one or more individuals for household, family, or other personal expenditures granted based on the strength of the borrower’s credit history or reputation in the community|
|Card Account||fibo-loan-spc-crd:CardAccount||Account whose terms and conditions are defined in a card agreement that is represented by a payment card|
|Card Authentication Value||fibo-loan-spc-crd:CardAuthenticationValue||Card verification value specifically for JCB payment cards|
|Card Authentication Value2||fibo-loan-spc-crd:CardAuthenticationValue2||Card verification value specifically for JCB payment cards|
|Card Expiration Date||fibo-loan-spc-crd:CardExpirationDate||Date on which a given payment card expires|
|Cardholder||fibo-loan-spc-crd:Cardholder||Account holder to whom a payment card is issued|
|Card Identification Number||fibo-loan-spc-crd:CardIdentificationNumber||Card verification value specifically for American Express and Discover payment cards|
|Card Product||fibo-loan-spc-crd:CardProduct||Financial product involving the issuance of credit, debit, or other payment cards|
|Card Security Code||fibo-loan-spc-crd:CardSecurityCode||Card verification value specifically for American Express payment cards|
|Card Validation Code||fibo-loan-spc-crd:CardValidationCode||Card verification code specifically for Mastercard payment cards|
|Card Validation Code2||fibo-loan-spc-crd:CardValidationCode2||Card verification value specifically for Mastercard payment cards|
|Card Verification Code Value||fibo-loan-spc-crd:CardVerificationCodeValue||Code that specifies either (1) magnetic-stripe data, or (2) printed security features that are used to protect data integrity and limit alteration, counterfeiting and fraud generally|
|Card Verification Value||fibo-loan-spc-crd:CardVerificationValue||Card verification value specifically for Visa and Discover payment cards|
|Card Verification Value2||fibo-loan-spc-crd:CardVerificationValue2||Card verification value specifically for Visa payment cards|
|Commercial Credit Card Agreement||fibo-loan-spc-crd:CommercialCreditCardAgreement||Credit card agreement for a card issued to, or in conjunction with, a formal organization, such as a small business, middle market business, local, state, or national government, or large corporation|
|Consumer Credit Card Agreement||fibo-loan-spc-crd:ConsumerCreditCardAgreement||Credit card agreement for a card issued for household, family, or other personal expenditures that is accessed by a borrower’s use of a credit card|
|Credit Card||fibo-loan-spc-crd:CreditCard||Card issued by a financial service provider that enables the cardholder to borrow funds|
|Credit Card Account||fibo-loan-spc-crd:CreditCardAccount||Card account whose terms and conditions are defined in a credit card agreement that is represented by a credit card|
|Credit Card Agreement||fibo-loan-spc-crd:CreditCardAgreement||Account-specific credit facility that specifies the terms and conditions under which the credit card is offered to the cardholder by the issuer|
|Credit Card Network||fibo-loan-spc-crd:CreditCardNetwork||Classifier for the network that authorizes, processes, and sets the terms of credit card transactions, as well as transfers payments between shoppers, merchants, and their banks|
|Credit Card Product||fibo-loan-spc-crd:CreditCardProduct||Card product allowing the holder to purchase goods or services on credit|
|Debit Card||fibo-loan-spc-crd:DebitCard||Payment card issued by a financial service provider that enables the cardholder to access funds in a demand deposit account|
|Debit Card Account||fibo-loan-spc-crd:DebitCardAccount||Card account that is represented by a one or more debit cards|
|Debit Card Product||fibo-loan-spc-crd:DebitCardProduct||Card product card typically provided by a depository institution allowing the holder to transfer money electronically to another account when making a purchase|
|has Card Verification Code||fibo-loan-spc-crd:hasCardVerificationCode||Links a credit card to either: (1) magnetic-stripe data, or (2) printed security features that are used to protect data integrity and limit alteration, counterfeiting and fraud generally||Associative Entity|
|has Credit Card Network||fibo-loan-spc-crd:hasCreditCardNetwork||Indicates the underlying network for credit card product||Associative Entity|
|has Primary Account Number||fibo-loan-spc-crd:hasPrimaryAccountNumber||Specifies the account number displayed on the face of the card||Associative Entity|
|Issuing Financial Institution||fibo-loan-spc-crd:IssuingFinancialInstitution||Issuer and financial services provider that issues payment cards or performs, facilitates, or supports issuing services including but not limited to issuing banks and issuing processors|
|Magnetic Stripe Verification Code Value||fibo-loan-spc-crd:MagneticStripeVerificationCodeValue||Card verification code on a card’s magnetic stripe that uses secure cryptographic processes to protect data integrity on the stripe, and reveals any alteration or counterfeiting|
|Payment Card||fibo-loan-spc-crd:PaymentCard||Legal document issued by a financial services provider that enables the cardholder to access the funds in the customer’s designated bank accounts, or through a credit account and make payments by electronic funds transfer and access automated teller machines (ATMs)|
|Payment Card Agreement||fibo-loan-spc-crd:PaymentCardAgreement||Account-specific credit agreement that specifies the terms and conditions under which the payment card is offered to the cardholder by the issuer|
|Primary Card Account Number||fibo-loan-spc-crd:PrimaryCardAccountNumber||Composite identifier of 14 or 16 digits embossed on a bank or payment card and encoded in the card’s magnetic strip|
|Smart Card||fibo-loan-spc-crd:SmartCard||Payment card that has integrated circuits embedded within it|
|Three Digit Verification Code Value||fibo-loan-spc-crd:ThreeDigitVerificationCodeValue||Card verification code that is the rightmost three-digit value printed in the signature panel area on the back of the card|
|uses Currency||fibo-loan-spc-crd:usesCurrency||Indicates the currency defined for the credit card product||Associative Entity|
|Private Student Loan||fibo-loan-spc-stu:PrivateStudentLoan||Student loan that is not considered a government-backed / regulated loan|
|Regulated Student Loan||fibo-loan-spc-stu:RegulatedStudentLoan||Student loan (1) whose lender is a government agency or instrumentality, and/or (2) that is treated uniquely due to tax regulations|
|Student Loan||fibo-loan-spc-stu:StudentLoan||Loan provided for the purposes of education, allowing students and parents/guardians to borrow money for college|