Re: Comments on Profile Document 10 May 2021

Hi Jo,

Many thanks for this. Comments inline:



Status of this Document
Links for comments are incorrect

> Fixed

§2 Supply chain metamodel & General
Please spell out the scope of the document and its coverage – some terms need to be described in “natural language”
i. Market Data – e.g. price and trade-related data for a financial instrument reported by a trading venue such as a stock exchange
(I don’t think we intend to limit the scope, but the document makes a claim that it is suitable for that scope)

> Done

ii. Supply Chain – e.g. interactions between participants involved in the supply and consumption of market data

> Done

iii. License – e.g. a specification of the actions that are either permitted and/or required (rights and obligations) , in respect of some set of market data, as a result of being a participant in the supply chain

iv. Suggest denoting terms that do not have any deeper explanation in italics.

v. Use of consistent terminology concerning such terms would assist understanding

Forward references to be annotated with “q.v.”. Try to avoid forward references.

> I've rearranged the running order to minimise forward references

Defined terms from ODRL to be designated as such (by some accessible artefact)– a formal listing of such terms might be useful

> Will do. I've started collecting a list of the external terms to which we refer.

Where terms are close in meaning it could be helpful to explain the distinction: e.g. Assignee and licensee

> Done in that specific case

“Direct licensee”, does this convey a different meaning to “licensee”? If so, should it be a defined term?

> I've removed the term "direct"

“third party recipient” meaning consumer that is not the licensee and not an affiliate of the licensee

> I've provided clarification

§ 2.1.1 Party Types
is the entailment of ownership “belongs to” necessary here? Is it not a matter of the license to define the relationship (by enumeration as suggested elsewhere etc.)

> Clarified with Laura's help

Under what circumstances is an internal party not an affiliate? (example)

> Provided example

When is the Licensing party not the Assignee? (example)

> Provided clarification

External Party … and is not the licensee themselves.

> Provided clarification

Educational Party – trying to reduce circularity, this makes reference to Asset where perhaps it does not need to “an accredited institution using market data for the purposes of education or training”

> Done

§ 2.1.2 Party Roles
“Data resource” and “Asset” appear to be used synonymously, needs clarification

> Endemic problem. I've made a start

Use of the terms vendor and exchange as participants in the supply chain could be exemplified under  comment 2.a.ii.

“final Consumers” (in this supply chain, i.e. in the distribution activity that is covered under a particular license?)

> Removed "final"


---
This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden.

Please refer to https://www.db.com/disclosures for additional EU corporate and regulatory disclosures and to http://www.db.com/unitedkingdom/content/privacy.htm for information about privacy.