Published

Financial Position / Balance

vr.wm-eco-017 · wm-eco-017-financial-position-balance

Represent one governed, time-bound asset, liability, equity, holding, account-balance or exposure position so agents can interpret what is held or owed, by whom, how much, at what time and on which basis without confusing the position with its account, instrument, transaction, valuation or report.

World Models Society, people and institutions SOC.ECO.POS

Bundle → Layer → Finding → Questions Classifiers What it is Why it exists Distinguishing features What robots and AI may and may not do Moral aspects Owners Links to other meta-models Identity and identifiers Direct properties Recognition Capabilities and actions Hazards and failure modes Standards and interfaces Context of use Sources

Bundle → Layer → Finding → Questions Filled

6 bundles · 12 layers · 24 findings · 72 questions

Position identity, boundary, subjects and authority Groups governed financial-position context for position identity, boundary, subjects and authority.

Position root identity, version, scope and authority

Groups source-qualified financial-position context for position root identity, version, scope and authority.

Position ID, version, head, status, purpose, scope and owner

Records position id, version, head, status, purpose, scope and owner as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish position id, version, head, status, purpose, scope and owner? identity
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use position id, version, head, status, purpose, scope and owner, for which purpose and under what authority? provenance
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify position id, version, head, status, purpose, scope and owner? quality

As-of snapshot, granularity, materiality, authority and master system

Records as-of snapshot, granularity, materiality, authority and master system as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish as-of snapshot, granularity, materiality, authority and master system? authority
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use as-of snapshot, granularity, materiality, authority and master system, for which purpose and under what authority? ownership
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify as-of snapshot, granularity, materiality, authority and master system? validation

Subject, account, portfolio, instrument and party references

Groups source-qualified financial-position context for subject, account, portfolio, instrument and party references.

Reporting entity, holder, owner, beneficiary, issuer, counterparty and custodian

Records reporting entity, holder, owner, beneficiary, issuer, counterparty and custodian as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish reporting entity, holder, owner, beneficiary, issuer, counterparty and custodian? relationship
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use reporting entity, holder, owner, beneficiary, issuer, counterparty and custodian, for which purpose and under what authority? authority
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify reporting entity, holder, owner, beneficiary, issuer, counterparty and custodian? security

Account, ledger, portfolio, fund, instrument, contract, lot and position boundary

Records account, ledger, portfolio, fund, instrument, contract, lot and position boundary as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish account, ledger, portfolio, fund, instrument, contract, lot and position boundary? relationship
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use account, ledger, portfolio, fund, instrument, contract, lot and position boundary, for which purpose and under what authority? requirement
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify account, ledger, portfolio, fund, instrument, contract, lot and position boundary? privacy

Classification, quantity, monetary measurement and balance semantics Groups governed financial-position context for classification, quantity, monetary measurement and balance semantics.

Economic, accounting, risk and instrument classification

Groups source-qualified financial-position context for economic, accounting, risk and instrument classification.

Asset, liability, equity, claim, obligation, off-balance and exposure class

Records asset, liability, equity, claim, obligation, off-balance and exposure class as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish asset, liability, equity, claim, obligation, off-balance and exposure class? classification
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use asset, liability, equity, claim, obligation, off-balance and exposure class, for which purpose and under what authority? constraint
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify asset, liability, equity, claim, obligation, off-balance and exposure class? retention

Current, noncurrent, maturity, liquidity, seniority, sector, residency and instrument class

Records current, noncurrent, maturity, liquidity, seniority, sector, residency and instrument class as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish current, noncurrent, maturity, liquidity, seniority, sector, residency and instrument class? classification
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use current, noncurrent, maturity, liquidity, seniority, sector, residency and instrument class, for which purpose and under what authority? process
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify current, noncurrent, maturity, liquidity, seniority, sector, residency and instrument class? access

Quantity, amount, unit, currency, sign and balance type

Groups source-qualified financial-position context for quantity, amount, unit, currency, sign and balance type.

Quantity, unit, lot, face value, nominal and contractual amount

Records quantity, unit, lot, face value, nominal and contractual amount as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish quantity, unit, lot, face value, nominal and contractual amount? measurement
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use quantity, unit, lot, face value, nominal and contractual amount, for which purpose and under what authority? event
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify quantity, unit, lot, face value, nominal and contractual amount? exception

Monetary amount, currency, multiplier, rounding, debit, credit, gross and net

Records monetary amount, currency, multiplier, rounding, debit, credit, gross and net as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish monetary amount, currency, multiplier, rounding, debit, credit, gross and net? measurement
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use monetary amount, currency, multiplier, rounding, debit, credit, gross and net, for which purpose and under what authority? measurement
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify monetary amount, currency, multiplier, rounding, debit, credit, gross and net? interoperability

Recognition, availability, valuation and inputs Groups governed financial-position context for recognition, availability, valuation and inputs.

Recognition, ownership, control, availability and restrictions

Groups source-qualified financial-position context for recognition, ownership, control, availability and restrictions.

Recognition, derecognition, economic ownership, legal title, control and custody

Records recognition, derecognition, economic ownership, legal title, control and custody as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish recognition, derecognition, economic ownership, legal title, control and custody? state
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use recognition, derecognition, economic ownership, legal title, control and custody, for which purpose and under what authority? evidence
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify recognition, derecognition, economic ownership, legal title, control and custody? decision

Ledger, available, blocked, reserved, pledged, encumbered, frozen and collateralized

Records ledger, available, blocked, reserved, pledged, encumbered, frozen and collateralized as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish ledger, available, blocked, reserved, pledged, encumbered, frozen and collateralized? state
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use ledger, available, blocked, reserved, pledged, encumbered, frozen and collateralized, for which purpose and under what authority? quality
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify ledger, available, blocked, reserved, pledged, encumbered, frozen and collateralized? identity

Measurement basis, price, rate, accrual and valuation evidence

Groups source-qualified financial-position context for measurement basis, price, rate, accrual and valuation evidence.

Cost, carrying, fair, market, amortized, present, settlement and liquidation value

Records cost, carrying, fair, market, amortized, present, settlement and liquidation value as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish cost, carrying, fair, market, amortized, present, settlement and liquidation value? classification
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use cost, carrying, fair, market, amortized, present, settlement and liquidation value, for which purpose and under what authority? validation
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify cost, carrying, fair, market, amortized, present, settlement and liquidation value? classification

Price source, FX rate, accrual, interest, model input, assumption, level and valuation run

Records price source, fx rate, accrual, interest, model input, assumption, level and valuation run as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish price source, fx rate, accrual, interest, model input, assumption, level and valuation run? provenance
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use price source, fx rate, accrual, interest, model input, assumption, level and valuation run, for which purpose and under what authority? security
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify price source, fx rate, accrual, interest, model input, assumption, level and valuation run? composition

Temporal semantics, balance types, movements and reconciliation Groups governed financial-position context for temporal semantics, balance types, movements and reconciliation.

As-of, reference, trade, settlement, booking and knowledge time

Groups source-qualified financial-position context for as-of, reference, trade, settlement, booking and knowledge time.

Opening, closing, interim, current, forward and available balance time

Records opening, closing, interim, current, forward and available balance time as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish opening, closing, interim, current, forward and available balance time? temporal
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use opening, closing, interim, current, forward and available balance time, for which purpose and under what authority? privacy
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify opening, closing, interim, current, forward and available balance time? relationship

Trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge time

Records trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge time as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge time? temporal
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge time, for which purpose and under what authority? retention
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge time? state

Movements, rollforward, reconciliation and breaks

Groups source-qualified financial-position context for movements, rollforward, reconciliation and breaks.

Opening, addition, reduction, transfer, accrual, FX, price, volume and closing rollforward

Records opening, addition, reduction, transfer, accrual, fx, price, volume and closing rollforward as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish opening, addition, reduction, transfer, accrual, fx, price, volume and closing rollforward? process
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use opening, addition, reduction, transfer, accrual, fx, price, volume and closing rollforward, for which purpose and under what authority? access
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify opening, addition, reduction, transfer, accrual, fx, price, volume and closing rollforward? lifecycle

Ledger, subledger, custodian, instrument, statement reconciliation, break and adjustment

Records ledger, subledger, custodian, instrument, statement reconciliation, break and adjustment as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish ledger, subledger, custodian, instrument, statement reconciliation, break and adjustment? validation
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use ledger, subledger, custodian, instrument, statement reconciliation, break and adjustment, for which purpose and under what authority? exception
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify ledger, subledger, custodian, instrument, statement reconciliation, break and adjustment? temporal

Exposure, risk, quality, estimates, provenance and correction Groups governed financial-position context for exposure, risk, quality, estimates, provenance and correction.

Exposure, netting, concentration, allowance and uncertainty

Groups source-qualified financial-position context for exposure, netting, concentration, allowance and uncertainty.

Gross, net exposure, netting set, counterparty, collateral, haircut and concentration

Records gross, net exposure, netting set, counterparty, collateral, haircut and concentration as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish gross, net exposure, netting set, counterparty, collateral, haircut and concentration? measurement
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use gross, net exposure, netting set, counterparty, collateral, haircut and concentration, for which purpose and under what authority? interoperability
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify gross, net exposure, netting set, counterparty, collateral, haircut and concentration? provenance

Impairment, provision, allowance, reserve, uncertainty, confidence and sensitivity

Records impairment, provision, allowance, reserve, uncertainty, confidence and sensitivity as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish impairment, provision, allowance, reserve, uncertainty, confidence and sensitivity? quality
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use impairment, provision, allowance, reserve, uncertainty, confidence and sensitivity, for which purpose and under what authority? decision
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify impairment, provision, allowance, reserve, uncertainty, confidence and sensitivity? ownership

Source, quality, estimate, revision, restatement and audit

Groups source-qualified financial-position context for source, quality, estimate, revision, restatement and audit.

Source, evidence, method, actor, system, quality dimension, metric and limitation

Records source, evidence, method, actor, system, quality dimension, metric and limitation as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish source, evidence, method, actor, system, quality dimension, metric and limitation? evidence
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use source, evidence, method, actor, system, quality dimension, metric and limitation, for which purpose and under what authority? identity
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify source, evidence, method, actor, system, quality dimension, metric and limitation? authority

Estimate, provisional, adjusted, corrected, revised, restated, superseded and retracted

Records estimate, provisional, adjusted, corrected, revised, restated, superseded and retracted as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish estimate, provisional, adjusted, corrected, revised, restated, superseded and retracted? lifecycle
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use estimate, provisional, adjusted, corrected, revised, restated, superseded and retracted, for which purpose and under what authority? classification
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify estimate, provisional, adjusted, corrected, revised, restated, superseded and retracted? requirement

Lifecycle, reporting, access, retention and interoperability Groups governed financial-position context for lifecycle, reporting, access, retention and interoperability.

Lifecycle, approval, disclosure, access and records

Groups source-qualified financial-position context for lifecycle, approval, disclosure, access and records.

Captured, validated, reconciled, approved, reported, restated, closed and superseded

Records captured, validated, reconciled, approved, reported, restated, closed and superseded as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish captured, validated, reconciled, approved, reported, restated, closed and superseded? lifecycle
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use captured, validated, reconciled, approved, reported, restated, closed and superseded, for which purpose and under what authority? composition
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify captured, validated, reconciled, approved, reported, restated, closed and superseded? constraint

Confidentiality, purpose, access, embargo, license, retention, legal hold, tombstone and audit

Records confidentiality, purpose, access, embargo, license, retention, legal hold, tombstone and audit as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish confidentiality, purpose, access, embargo, license, retention, legal hold, tombstone and audit? access
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use confidentiality, purpose, access, embargo, license, retention, legal hold, tombstone and audit, for which purpose and under what authority? relationship
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify confidentiality, purpose, access, embargo, license, retention, legal hold, tombstone and audit? process

Statement, regulatory, message and linked-data projections

Groups source-qualified financial-position context for statement, regulatory, message and linked-data projections.

Financial statement line, account report, regulatory return and analytical view binding

Records financial statement line, account report, regulatory return and analytical view binding as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish financial statement line, account report, regulatory return and analytical view binding? interoperability
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use financial statement line, account report, regulatory return and analytical view binding, for which purpose and under what authority? state
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify financial statement line, account report, regulatory return and analytical view binding? event

IFRS, ISO 20022, XBRL, IMF, ECB, SEC, LEI, currency, PROV, DQV and time projection

Records ifrs, iso 20022, xbrl, imf, ecb, sec, lei, currency, prov, dqv and time projection as source-qualified position context while account, instrument, party, transaction, journal, valuation, statement, policy, audit and records masters remain independently identifiable.

What stable identity, position version, class, amount or quantity, unit, scope and explicit unknown establish ifrs, iso 20022, xbrl, imf, ecb, sec, lei, currency, prov, dqv and time projection? interoperability
Who owns, holds, controls, custodies, measures, asserts, reviews, approves, reports or may use ifrs, iso 20022, xbrl, imf, ecb, sec, lei, currency, prov, dqv and time projection, for which purpose and under what authority? lifecycle
Which as-of, trade, effective, settlement, booking, valuation, reporting, observation, ingestion and knowledge times, source, method and uncertainty qualify ifrs, iso 20022, xbrl, imf, ecb, sec, lei, currency, prov, dqv and time projection? measurement

Classifiers Filled

Family: World Models
Category: Society, people and institutions
Entry kind: aggregate
Navigation path: NAV.SOC.ECO.POS
Domain: SOC.ECO.POS
Industry: Cross-industry
Tags: financialpositionbalancesoc.eco.pos

What it is Filled

Owns position identity, versions, class and lifecycle; subject, holder, reporting entity, account, ledger, portfolio, fund, instrument, issuer, counterparty and custodian references; quantity, amount, unit, currency, sign and balance type; recognition, ownership, control, availability, restrictions and encumbrances; measurement and valuation bases, inputs, prices, FX rates, accruals, assumptions and uncertainty; as-of, trade, settlement, booking, valuation, reporting, observation, ingestion and knowledge times; movement and rollforward bindings; reconciliation, exposure, risk, quality, correction and restatement evidence; access, retention and version-pinned reporting and interoperability projections. External party, account, instrument, transaction, journal, valuation-run, statement, filing, policy, audit and records masters remain independently authoritative.

In scope

Position identity, subject and account or instrument scope, classification, quantity, monetary amount, currency, unit, sign, balance type, recognition, availability and valuation
Multiple time axes, movements, reconciliation, exposure qualifiers, quality, corrections, lifecycle, access, reporting bindings and interoperability projections

Out of scope

Owning Party, Financial Account, Ledger, Portfolio, Fund, Money or Instrument, Contract, Transaction, Journal Entry, Valuation Run, Financial Statement, Filing, Policy, Audit or Records masters
Treating a reported amount as timeless ground truth or collapsing quantity, carrying amount, fair value, available balance and risk exposure
Autonomous posting, settlement, reclassification, netting, valuation approval, impairment, write-off, restatement, disclosure, certification, access widening or physical records disposition

Why it exists Filled

Distinguishing features Filled

A time-bound quantitative assertion of what is held or owed, not the account or instrument itself.
Qualified by as-of time, recognition and valuation basis, unit and scope.
Keeps legal title, economic ownership, control, custody and availability apart.
Differs from a financial statement, which presents many positions for a reporting period.

What robots and AI may and may not do Filled

Must not

Post entries, settle, net or write off positions.
Change valuation or impairment.
Restate or certify positions.
Disclose positions of clients or counterparties beyond the permitted purpose.
Treat custody as ownership.

Only with a human decision

Approving valuations, impairments and write-offs.
Resolving reconciliation breaks.
Restating positions.

May

Capture position snapshots from source ledgers and custodians.
Reconcile positions across sources and flag breaks.
Compute derived exposures under declared methods.
Answer as-of queries for permitted users.

Moral aspects Filled

Errors can misstate solvency and harm savers, investors and creditors.
Individual holdings and balances are confidential financial data.
Encumbrance and availability errors can freeze or misuse client assets.

Who is affected

Account holders and clients
Investors and creditors
Supervisors and auditors

Owners Filled

Steward

Dimension owner, namespace authority, financial governance mandate and accountable position owner

Roles

Position owner: Own purpose, scope, reporting basis, lifecycle, compatibility and accountable use.
Account or portfolio steward: Own account, portfolio and ledger references, position keys, balance types and reconciliation scope.
Instrument and reference-data steward: Own instrument, issuer, counterparty, currency, unit, classification and identifier references.
Valuation and risk authority: Own measurement bases, prices, FX rates, models, assumptions, uncertainty, exposures, allowances and approvals.
Controller and quality reviewer: Own recognition, classification, materiality, rollforward, reconciliation, exceptions, corrections and restatements.
Access, regulatory and records authority: Own disclosure, confidentiality, purpose, access, filing, embargo, retention, legal hold and disposition policy.
Interoperability steward: Own taxonomy and message versions, currency code lists, mappings, conformance evidence and declared loss.

Links to other meta-models Filled

references

WM-ECO-015 - Resolve the candidate Financial Account parent while keeping account identity, parties, currency, state and rules external.
WM-ECO-004 - Resolve currency, monetary unit or instrument identity while retaining position-specific subject, quantity, amount, basis and as-of state.
WM-ECO-018 - Allow a Financial Statement to compose or aggregate positions without making the position own statement presentation or filing lifecycle.
Party, Ledger, Portfolio, Fund, Contract, Transaction, Journal Entry, Valuation, Price, FX Rate, Reconciliation, Filing, Policy, Audit and Records models - Resolve authoritative external identities, operations, decisions and evidence without duplicating their lifecycles.

aligned

IFRS 2026 and Accounting Taxonomy 2025, ISO 20022 cash management, XBRL 2.1, IMF BPM7 and GFSM 2014, ECB MFI 2024, SEC 2026, LEI-CDF 3.1, ISO 4217, PROV-O, DQV and RFC 3339 - Project version-pinned accounting, messaging, digital-reporting, statistical, regulatory, identity, currency, provenance, quality and time views with declared loss.

neighbor

WM-ECO-015 Financial Account - The candidate parent owns account identity, parties, currency, state and operating rules. The position owns a time-bound measured balance or holding and stores a non-owning account reference.
WM-ECO-004 Money / Instrument - The candidate reference owns the currency, monetary unit or transferable instrument identity. The position owns subject, amount or quantity, basis and as-of state.
WM-ECO-018 Financial Statement - A statement is a governed report over entities, accounts, classifications and a reporting period. A position is one time-bound quantitative assertion that a statement line may aggregate or present.
Transaction, journal entry, valuation and reconciliation - Transactions and entries are flows or postings, valuation is a governed measurement activity, and reconciliation is a comparison process. The position binds their outputs and evidence without executing them.
IFRS, ISO 20022, XBRL, IMF, ECB, SEC, GLEIF, ISO 4217, PROV, DQV and RFC profiles - Each source has distinct scope and normative force. Every mapping is version-pinned, jurisdiction-qualified and loss-declaring.

parent

WM-ECO-015

What else AI and robots need to interact with it Filled

Sources Filled

Conceptual Framework for Financial Reporting - IFRS Foundation
IAS 1 Presentation of Financial Statements - IFRS Foundation
IFRS 13 Fair Value Measurement - IFRS Foundation
IFRS Accounting Taxonomy 2025 - IFRS Foundation
Bank-to-Customer Cash Management Message Definition Report - ISO 20022 Registration Authority
XBRL 2.1 - XBRL International
XBRL Link Role Registry - XBRL International
Integrated Balance of Payments and International Investment Position Manual Seventh Edition - International Monetary Fund
Government Finance Statistics Manual 2014 - International Monetary Fund
Manual on MFI balance sheet statistics - European Central Bank
2026 XBRL Taxonomies Update - United States Securities and Exchange Commission
LEI Common Data File Format 3.1 - Global Legal Entity Identifier Foundation
Global Financial Data Standards and ISO 4217 Currency Codes - SIX Group
PROV-O: The PROV Ontology - World Wide Web Consortium
Data on the Web Best Practices: Data Quality Vocabulary - World Wide Web Consortium
Date and Time on the Internet: Timestamps - Internet Engineering Task Force

Open questions

Canonically approve or reject the WM-ECO-015, WM-ECO-004 and WM-ECO-018 edges and register Party, Ledger, Portfolio, Fund, Contract, Transaction, Journal, Valuation, Price, FX Rate, Reconciliation, Filing, Audit and Records edges.
Create banking capital, insurance solvency, derivatives margin, securities settlement, tax, treasury, fund-accounting, crypto-asset and jurisdiction-specific filing profiles.
Conformance-test position keys, units, balance types, valuation bases, stock-flow bridges, restrictions, reconciliations and projections against concrete ledgers, messages and filings.
Validate organization-specific posting, valuation, netting, disclosure, certification, legal hold, retention and disposition policies.
Inspect licensed requirements under authorized access before making clause-level IFRS or ISO conformance claims.
Obtain independent external review before promoting beyond reviewable-draft assurance.
Claude and Grok each timed out on one bounded attempt; no independent external result was admitted.
The candidate WM-ECO-015 parent and WM-ECO-004 reference plus incoming WM-ECO-018 composition remain unapproved relation-ledger proposals.
Banking capital, insurance solvency, derivatives margin, securities settlement, tax, treasury, fund accounting, crypto assets and jurisdiction-specific filings require separate profiles.
IFRS text and taxonomy are used only within their public licensing and access boundaries; no restricted clause was inferred.
BPM7 is cited as the March 2025 white-cover pre-edited version and must be repinned when the final edited publication is adopted.

Machine files

Card as JSON Specification AGENTS.md Source Card backlog vercy.card/1

Provenance

world-models research · reviewable-draft

Built from: models/wm-eco-017-financial-position-balance/spec.yaml, ver-cy/world-models/card-supplements/wm-eco-017-financial-position-balance.json