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Subject: Agenda for special ad-hoc UBL TC call 05 May 2017 15:00UTC
Agenda for special ad-hoc UBL TC call 05 May 2017 15:00UTC http://www.timeanddate.com/worldclock/fixedtime.html?iso=2017-05-05T15:00:00 CONFERENCING INFO https://www4.gotomeeting.com/join/806072703 https://app.gotomeeting.com/?meetingid=806072703 Use your microphone and speakers (VoIP) - a headset is recommended. Or call in using your telephone. Australia: +61 (0) 2 8014 4935 Austria: +43 (0) 7 2088 1402 Belgium: +32 (0) 38 08 1856 Canada: +1 (647) 724-3550 Denmark: +45 (0) 69 91 88 64 Finland: +358 (0) 942 41 5780 France: +33 (0) 182 880 458 Germany: +49 (0) 898 7806 6467 Ireland: +353 (0) 14 845 978 Italy: +39 0 553 98 95 67 Netherlands: +31 (0) 208 080 381 New Zealand: +64 (0) 9 909 7888 Norway: +47 21 03 58 98 Spain: +34 955 32 0845 Sweden: +46 (0) 313 613 557 Switzerland: +41 (0) 435 0167 08 United Kingdom: +44 (0) 207 151 1851 United States: +1 (215) 383-1010 Access Code: 806-072-703 Audio PIN: Shown after joining the meeting Meeting ID: 806-072-703In light of the delay of our next regularly-scheduled UBL TC meeting, this special ad-hoc UBL TC meeting is being convened for the passing of a single motion. No other business is anticipated during the call, though it is acceptable to finish wordsmithing any of the details. Please review the details and come prepared with any proposed changes. In the event that quorum is not achieved, that being four voting members in attendance, we will try again 08 May 2017 14:00UTC.
BackgroundDuring our UBL Atlantic Teleconference held 03 May 2017 it was agreed to create a new subcommittee, but the motion failed to include the necessary detail required by OASIS administration to fulfill our request.
https://lists.oasis-open.org/archives/ubl/201705/msg00002.htmlThis motion completes our obligations for preparing the appropriate information to instantiate the new subcommittee.
Membership status review https://www.oasis-open.org/policies-guidelines/tc-process#membership https://www.oasis-open.org/committees/membership.php?wg_abbrev=ubl https://www.oasis-open.org/apps/org/workgroup/ubl/members/roster.php?num_items=80 - voting status is determined by the following: - existing voting members must not miss two consecutive meetings to maintain voting status - non-voting members must attend two consecutive meetings to obtain voting status - members formally on leave by prior request must not attend and their voting status is not impacted - current UBL TC voting member list (alphabetical) and relationships: - Todd Albers - Member ASC X9 AB, Member ISO 20022 Payment SEG, Member W3C Web Payments Interest Group - Oriol Bausà Peris - Member OASIS BDXR, Member OASIS ebXML, Editor TC434 Validation - Kenneth Bengtsson - Chair OASIS BDXR, Observer OASIS ebXML, DK Expert UN/CEFACT - Erlend Klakegg Bergheim - Member OASIS BDXR, Member OASIS ebXML Core & MS - Member CEN/TC434/WS8 - G. Ken Holman (Chair OASIS UBL TC) - Member OASIS BDXR, CA Member JTC 1/SC32, CA Expert UN/CEFACT - Ole Ellerbæk Madsen - DK Member CEN/TC440, CEN/TC440 Liaison JTC 1/SC 32 - Enric Staromiejski Torregrosa - Member OASIS ebXML, European Commission liaison (DG GROWTH)MOTION: that the TC approve the creation of the UBL Payments and Finance Subcommittee with the co-chairs, purpose, scope and deliverables as follows:
UBL Payments and Finance SubcommitteeIdentifying requirements for standardized UBL document types supporting payments- and finance-related processes.
Proposed co-chairs: Kenneth Bengtsson, Individual Member Todd Albers, Federal Reserve Bank of Minneapolis Statement of purpose:The culmination of the supply chain processes as defined in UBL end in the issuance of an invoice and use of a remittance advice, however there are subsequent processes involving financial institutions, such as bank payments and trade finance operations, which implicate existing business documents and involve the participation of party roles that are not documented in the UBL supply chain processes.
Considering the availability of standardized documents already in the area of payments, the ISO 20022 specification standardizes concepts and information items, but does not standardize the final assemblies of these items as well-defined formal messages for business document interchange. Moreover, the available information items do not accommodate supporting information from the procurement process leading up to the issuance of the invoice, nor do they accommodate the attachment of the original invoice as documentation for the payment or financing operation. Building UBL documents in harmony with ISO 20022 satisfies the established user-base of UBL's common library in other UBL documents while ensuring the information can be transmitted to systems that may already be operating with ISO 20022.
From a processing and accounting perspective, it is important to have payments and trade financing documents distinct from the invoice and other business documents because they are financial operations triggered by a procurement and not part of the procurement process itself. Furthermore, regulatory requirements in many jurisdictions prohibit the alteration of an invoice document after its issuance, such that subsequent information regarding payments and financing cannot be embedded in the invoice itself. Other examples found internationally of the invoice conflate procurement and payment information in a single document that can be difficult to work with by all parties, and do not meet regional regulatory requirements.
All information exchanged during payments and financing must be trusted to ensure the integrity of the process. This requirement is often supported by legislation and enforced by regulators.
The UBL Payments and Finance Subcommittee is tasked with identifying requirements for the development and implementation of standardized UBL document types for payments- and finance-related processes that have the potential to bridge UBL procurement systems to financial systems supporting the handling of payments and trade finance.
Scope of Work1. To liaise with governments, industry, and organizations responsible for payments and trade finance to identify business and legal requirements for associated processes.
2. To develop, document and maintain the semantic conceptual models for the UBL Payment and Finance package within the UBL package as a whole. This may include identifying suitable code lists.
3. To liaise regarding the payment and finance models with other subcommittees in UBL as required.
4. To foster implementations of UBL for payment and finance through coordination, guidance, and responsiveness to queries in order to test the viability of UBL implementations in real-world scenarios. For example, the Web Payments Working Group at the W3C.
5. To develop informative materials as an aid to developers of UBL based applications and interfaces.
6. The Subcommittee is not responsible for the generation of any XML Schema.The pace of development will attempt to keep up with the release of new versions of UBL, beginning with UBL 2.3.
Deliverables: List of Deliverables 1. UBL payments and finance process model(s) 2. UBL payments and finance document model(s) 3. UBL package documentation of the payments and finance models Possible Deliverables 4. Descriptions of representative payments and financing scenarios TC CONCALL SCHEDULE 2017-05-10 Teleconference cancelled 2017-05-17 Atlantic teleconference 14:00UTC/16:00CEST/10:00EDT 2017-05-24 Atlantic teleconference 14:00UTC/16:00CEST/10:00EDT 2017-05-31 Atlantic teleconference 14:00UTC/16:00CEST/10:00EDT OTHER BUSINESS - time is not allocated for other business other than urgent issues -- Contact info, blog, articles, etc. http://www.CraneSoftwrights.com/o/ | Check our site for free XML, XSLT, XSL-FO and UBL developer resources | Streaming hands-on XSLT/XPath 2 training class @ US$45 (5 hours free) |
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