Re: correct way to rapresents monetary transaction

OK - quick question before going deeper.

Where are you planning to share this data?  The target audience for
Schema.org being websites openly sharing data for search engine crawlers
and others to harvest, and potentially within emails.

As a bit of background, the FIBO-Schema.org work has not yet gone as far as
detailing contracts etc.  At the moment it has paused  at the point of
structures mostly useful for marketing what a bank or similar offers to
potential clients.

Having said that, there is a way forward using the current structures
towards your needs, by defining a *LoanOrCredit* that has *MoneyTransfer*(s)
as its *serviceOutput*:

{
    "@context": "http://schema.org",
    "@type": "LoanOrCredit",
    "name": "Sample credit payments",
    "serviceOutput": [
        {
            "@type": "MoneyTransfer",
            "name": "Sample credit payments",
            "amount": {
                "@type": "MonetaryAmount",
                "name": "Payment No 1",
                "currency": "GBP",
                "value": "100.00",
                "validThrough": "2018-11-01"
            },
            "agent": {
                "@type": "BankOrCreditUnion",
                "name": "The Rilthy Rich Bank"
            },
            "object": {
                "@type": "Person",
                "name": "Mr Joe Soap"
            },
            "beneficiaryBank": {
                "@type": "BankOrCreditUnion",
                "name": "Joe's Personal Bank"
            }
        },
        {
            "@type": "MoneyTransfer",
            "name": "Sample credit payments",
            "amount": {
                "@type": "MonetaryAmount",
                "name": "Payment No 2",
                "currency": "GBP",
                "value": "100.00",
                "validThrough": "2018-12-01"
            },
            "agent": {
                "@type": "BankOrCreditUnion",
                "name": "The Rilthy Rich Bank"
            },
            "object": {
                "@type": "Person",
                "name": "Mr Joe Soap"
            },
            "beneficiaryBank": {
                "@type": "BankOrCreditUnion",
                "name": "Joe's Personal Bank"
            }
        }
    ]
}


~Richard
Richard Wallis
Founder, Data Liberate
http://dataliberate.com
Linkedin: http://www.linkedin.com/in/richardwallis
Twitter: @rjw



On Wed, 24 Oct 2018 at 14:35, Andrew Bransford Brown <andrewbb@gmail.com>
wrote:

> That works to describe the payment, but is insufficient to describe the
> contract.  Use this as your base data structure:
>
> CommerceID  EventType  Description EventDateTime
> MyBankIDNumber  Offer-Loan  $10,000 2018-10-24 09:00:00
> MyBankIDNumber  Terms-Rate  10% 2018-10-24 09:00:00
> MyBankIDNumber  Terms-Length  60 months 2018-10-24 09:00:00
> BorrowerIDNumber  Agree  2018-10-25 09:00:00
> //this becomes a legal contract here.
> MyBankIDNumber  Deliver-Loan  $10,000 2018-11-01 09:00:00
> BorrowerIDNumber  Deliver-Payment  $500   2019-01-01 09:00:00
> BorrowerIDNumber  Deliver-Payment  $500   2019-02-01 09:00:00
> ....
> //after all payments are made, both parties would issue "Complete" events
> to end the contract.
> MyBankIDNumber  Complete 2024-12-01 11:00:00
> BorrowerIDNumber  Complete 2024-12-01 12:00:00
>
>
> The above 'transaction stack' has sufficient granularity for any legal
> contract.
>
>
> On Wed, Oct 24, 2018 at 8:30 PM Richard Wallis <
> richard.wallis@dataliberate.com> wrote:
>
>> OK - I got the wrong end of your question.
>>
>> The properties (of *MoneyTransfer*) you are looking for are *agent* (*The
>> direct performer or driver of the action*) and *object* (*The object
>> upon which the action is carried out*... ) which could be considered as
>> the *Thing* (*Person*) that benefitted from the action (received the
>> funds).
>>
>> Something like this:
>>
>> {
>>   "@context": "http://schema.org",
>>   "@type": "MoneyTransfer",
>>   "name": "Sample credit payments",
>>   "amount": [
>>         {
>>            "@type": "MonetaryAmount",
>>            "name": "Payment No 1",
>>            "currency": "GBP",
>>            "value": "100.00",
>>            "validThrough": "2018-11-01"
>>         },
>>         {
>>            "@type": "MonetaryAmount",
>>            "name": "Payment No 2",
>>            "currency": "GBP",
>>            "value": "100.00",
>>            "validThrough": "2018-12-01"
>>          }
>>     ],
>>     "agent": {
>>        "@type": "BankOrCreditUnion",
>>        "name": "The Rilthy Rich Bank"
>>     },
>>     "object": {
>>        "@type": "Person",
>>        "name": "Mr Joe Soap"
>>     },
>>     "beneficiaryBank": {
>>        "@type": "BankOrCreditUnion",
>>        "name": "Joe's Personal Bank"
>>     }
>> }
>>
>>
>>
>>
>> Richard Wallis
>> Founder, Data Liberate
>> http://dataliberate.com
>> Linkedin: http://www.linkedin.com/in/richardwallis
>> Twitter: @rjw
>>
>>
>>
>> On Wed, 24 Oct 2018 at 14:12, Michele Meloni <cleaversdev@gmail.com>
>> wrote:
>>
>>> Thanks Richard,
>>> MonetaryAmount has no source or destination  properties for the
>>> transaction and I think that are mandatory.
>>>
>>> Il giorno mer 24 ott 2018 alle ore 14:31 Richard Wallis <
>>> richard.wallis@dataliberate.com> ha scritto:
>>>
>>>> I would suggest the most appropriate route would be to use multiple
>>>> amounts thus:
>>>>
>>>>
>>>> {
>>>>   "@context": "http://schema.org",
>>>>   "@type": "LoanOrCredit",
>>>>   "name": "Sample credit payments",
>>>>   "amount": [
>>>>         {
>>>>            "@type": "MonetaryAmount",
>>>>            "name": "Payment No 1",
>>>>            "currency": "GBP",
>>>>            "value": "100.00",
>>>>            "validThrough": "2018-11-01"
>>>>         },
>>>>         {
>>>>            "@type": "MonetaryAmount",
>>>>            "name": "Payment No 2",
>>>>            "currency": "GBP",
>>>>            "value": "100.00",
>>>>            "validThrough": "2018-12-01"
>>>>          }
>>>>     ]
>>>> }
>>>>
>>>>
>>>> Hope that helps,
>>>>   ~Richard
>>>>
>>>> Richard Wallis
>>>> Founder, Data Liberate
>>>> http://dataliberate.com
>>>> Linkedin: http://www.linkedin.com/in/richardwallis
>>>> Twitter: @rjw
>>>>
>>>>
>>>>
>>>> On Fri, 19 Oct 2018 at 13:43, Michele Meloni <cleaversdev@gmail.com>
>>>> wrote:
>>>>
>>>>> Hi all,
>>>>> what is the correct way to rapresents a transaction of money between
>>>>> two bank account?
>>>>> In ours case  a loan can be made by multiple money transactions.
>>>>> How can make a connection between a series of money transfer and a
>>>>> loan.
>>>>>
>>>>> I'm triing to use MoneyTransfer for the transaction and LoanOrCredit
>>>>> for the loan.
>>>>>
>>>>> What do you think about that?
>>>>>
>>>>> Thanks in advance
>>>>>
>>>>>
>>>>> --
>>>>> *Michele Meloni*
>>>>>
>>>>> *Php Senior Software Developer*
>>>>>
>>>>> *http://www.linkedin.com/pub/michele-meloni/27/109/789
>>>>> <http://www.linkedin.com/pub/michele-meloni/27/109/789>*
>>>>>
>>>>
>>>
>>> --
>>> *Michele Meloni*
>>>
>>> *Php Senior Software Developer*
>>>
>>> *http://www.linkedin.com/pub/michele-meloni/27/109/789
>>> <http://www.linkedin.com/pub/michele-meloni/27/109/789>*
>>>
>>