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Debt Instrument

vr.wm-eco-037 · wm-eco-037-debt-instrument

Represent one governed debt instrument as the identity-bearing contractual definition of a debtor obligation and creditor claim, including economic terms, schedules, protections and change lineage without becoming a holding, payment, ledger entry, market observation or legal case.

World Models Society, people and institutions SOC.ECO.DEBT
Bundle → Layer → Finding → QuestionsClassifiersWhat it isWhy it existsDistinguishing featuresWhat robots and AI may and may not doMoral aspectsOwnersLinks to other meta-modelsIdentity and identifiersDirect propertiesRecognitionCapabilities and actionsHazards and failure modesStandards and interfacesContext of useSources

Bundle → Layer → Finding → Questions Filled

6 bundles · 12 layers · 24 findings · 72 questions

Identity, class and contractual basis Establish the instrument and the legal and semantic basis of the debt claim without absorbing party or document masters

Instrument identity and classification

Groups governed findings for instrument identity and classification while preserving debt-instrument boundary and source authority.

Instrument identity, namespace, version, predecessor and successor

Records instrument identity, namespace, version, predecessor and successor as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish instrument identity, namespace, version, predecessor and successor? identity
  2. Who issued, owes, holds rights in, services, validates, changes or may access instrument identity, namespace, version, predecessor and successor, under what authority and role? authority
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify instrument identity, namespace, version, predecessor and successor? security

Debt class, form, security status, program, series and tranche

Records debt class, form, security status, program, series and tranche as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish debt class, form, security status, program, series and tranche? classification
  2. Who issued, owes, holds rights in, services, validates, changes or may access debt class, form, security status, program, series and tranche, under what authority and role? requirement
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify debt class, form, security status, program, series and tranche? privacy

Contractual basis and party roles

Groups governed findings for contractual basis and party roles while preserving debt-instrument boundary and source authority.

Agreement, prospectus, term sheet, governing law and jurisdiction

Records agreement, prospectus, term sheet, governing law and jurisdiction as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish agreement, prospectus, term sheet, governing law and jurisdiction? relationship
  2. Who issued, owes, holds rights in, services, validates, changes or may access agreement, prospectus, term sheet, governing law and jurisdiction, under what authority and role? constraint
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify agreement, prospectus, term sheet, governing law and jurisdiction? retention

Issuer, borrower, obligor, creditor, lender, investor, trustee, agent and guarantor

Records issuer, borrower, obligor, creditor, lender, investor, trustee, agent and guarantor as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish issuer, borrower, obligor, creditor, lender, investor, trustee, agent and guarantor? authority
  2. Who issued, owes, holds rights in, services, validates, changes or may access issuer, borrower, obligor, creditor, lender, investor, trustee, agent and guarantor, under what authority and role? process
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify issuer, borrower, obligor, creditor, lender, investor, trustee, agent and guarantor? access
Principal, currency and interest terms Represent promised economic terms while separating original, issued, outstanding and observed values

Principal, notional and outstanding values

Groups governed findings for principal, notional and outstanding values while preserving debt-instrument boundary and source authority.

Original principal, notional, authorized and issued amount and currency

Records original principal, notional, authorized and issued amount and currency as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish original principal, notional, authorized and issued amount and currency? measurement
  2. Who issued, owes, holds rights in, services, validates, changes or may access original principal, notional, authorized and issued amount and currency, under what authority and role? event
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify original principal, notional, authorized and issued amount and currency? exception

Outstanding principal, capitalization, write-down and write-up

Records outstanding principal, capitalization, write-down and write-up as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish outstanding principal, capitalization, write-down and write-up? state
  2. Who issued, owes, holds rights in, services, validates, changes or may access outstanding principal, capitalization, write-down and write-up, under what authority and role? measurement
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify outstanding principal, capitalization, write-down and write-up? interoperability

Interest, coupon, index and calculation conventions

Groups governed findings for interest, coupon, index and calculation conventions while preserving debt-instrument boundary and source authority.

Fixed, floating, zero or indexed rate, coupon, spread, cap and floor

Records fixed, floating, zero or indexed rate, coupon, spread, cap and floor as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish fixed, floating, zero or indexed rate, coupon, spread, cap and floor? constraint
  2. Who issued, owes, holds rights in, services, validates, changes or may access fixed, floating, zero or indexed rate, coupon, spread, cap and floor, under what authority and role? evidence
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify fixed, floating, zero or indexed rate, coupon, spread, cap and floor? decision

Reference index, reset, compounding, day-count, calendar and business-day convention

Records reference index, reset, compounding, day-count, calendar and business-day convention as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish reference index, reset, compounding, day-count, calendar and business-day convention? requirement
  2. Who issued, owes, holds rights in, services, validates, changes or may access reference index, reset, compounding, day-count, calendar and business-day convention, under what authority and role? quality
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify reference index, reset, compounding, day-count, calendar and business-day convention? identity
Cashflow schedule and optionality Capture contractual cashflow formulas and embedded choices without treating projections as payments

Contractual cashflow schedule

Groups governed findings for contractual cashflow schedule while preserving debt-instrument boundary and source authority.

Interest, principal and fee schedule, formula, due date and currency

Records interest, principal and fee schedule, formula, due date and currency as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish interest, principal and fee schedule, formula, due date and currency? temporal
  2. Who issued, owes, holds rights in, services, validates, changes or may access interest, principal and fee schedule, formula, due date and currency, under what authority and role? validation
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify interest, principal and fee schedule, formula, due date and currency? classification

Amortization, bullet, sinking fund, grace and capitalization

Records amortization, bullet, sinking fund, grace and capitalization as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish amortization, bullet, sinking fund, grace and capitalization? process
  2. Who issued, owes, holds rights in, services, validates, changes or may access amortization, bullet, sinking fund, grace and capitalization, under what authority and role? security
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify amortization, bullet, sinking fund, grace and capitalization? composition

Redemption, prepayment and embedded options

Groups governed findings for redemption, prepayment and embedded options while preserving debt-instrument boundary and source authority.

Maturity, redemption, prepayment, premium, penalty and notice

Records maturity, redemption, prepayment, premium, penalty and notice as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish maturity, redemption, prepayment, premium, penalty and notice? lifecycle
  2. Who issued, owes, holds rights in, services, validates, changes or may access maturity, redemption, prepayment, premium, penalty and notice, under what authority and role? privacy
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify maturity, redemption, prepayment, premium, penalty and notice? relationship

Call, put, conversion, exchange, extension, trigger and exercise

Records call, put, conversion, exchange, extension, trigger and exercise as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish call, put, conversion, exchange, extension, trigger and exercise? decision
  2. Who issued, owes, holds rights in, services, validates, changes or may access call, put, conversion, exchange, extension, trigger and exercise, under what authority and role? retention
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify call, put, conversion, exchange, extension, trigger and exercise? state
Ranking, security, covenants and credit support Describe priority and contractual protections while external assets, interests, observations and determinations retain authority

Ranking, security, collateral and guarantees

Groups governed findings for ranking, security, collateral and guarantees while preserving debt-instrument boundary and source authority.

Seniority, subordination, ranking, parity and waterfall position

Records seniority, subordination, ranking, parity and waterfall position as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish seniority, subordination, ranking, parity and waterfall position? relationship
  2. Who issued, owes, holds rights in, services, validates, changes or may access seniority, subordination, ranking, parity and waterfall position, under what authority and role? access
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify seniority, subordination, ranking, parity and waterfall position? lifecycle

Secured status, collateral, security interest, perfection and guarantee reference

Records secured status, collateral, security interest, perfection and guarantee reference as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish secured status, collateral, security interest, perfection and guarantee reference? evidence
  2. Who issued, owes, holds rights in, services, validates, changes or may access secured status, collateral, security interest, perfection and guarantee reference, under what authority and role? exception
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify secured status, collateral, security interest, perfection and guarantee reference? temporal

Covenants, conditions and credit events

Groups governed findings for covenants, conditions and credit events while preserving debt-instrument boundary and source authority.

Affirmative, negative and financial covenant, threshold and test

Records affirmative, negative and financial covenant, threshold and test as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish affirmative, negative and financial covenant, threshold and test? constraint
  2. Who issued, owes, holds rights in, services, validates, changes or may access affirmative, negative and financial covenant, threshold and test, under what authority and role? interoperability
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify affirmative, negative and financial covenant, threshold and test? provenance

Condition precedent, waiver, cure, breach, default, acceleration and cross-default

Records condition precedent, waiver, cure, breach, default, acceleration and cross-default as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish condition precedent, waiver, cure, breach, default, acceleration and cross-default? event
  2. Who issued, owes, holds rights in, services, validates, changes or may access condition precedent, waiver, cure, breach, default, acceleration and cross-default, under what authority and role? decision
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify condition precedent, waiver, cure, breach, default, acceleration and cross-default? ownership
Issuance, lifecycle and external positions Bind issuance and market outcomes while preserving instrument-owned change lineage and external authority

Issuance, service and lifecycle

Groups governed findings for issuance, service and lifecycle while preserving debt-instrument boundary and source authority.

Issuance, offering, allocation, closing, effective and outstanding reference

Records issuance, offering, allocation, closing, effective and outstanding reference as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish issuance, offering, allocation, closing, effective and outstanding reference? relationship
  2. Who issued, owes, holds rights in, services, validates, changes or may access issuance, offering, allocation, closing, effective and outstanding reference, under what authority and role? identity
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify issuance, offering, allocation, closing, effective and outstanding reference? authority

Amendment, modification, restructuring, refinancing, novation and successor

Records amendment, modification, restructuring, refinancing, novation and successor as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish amendment, modification, restructuring, refinancing, novation and successor? lifecycle
  2. Who issued, owes, holds rights in, services, validates, changes or may access amendment, modification, restructuring, refinancing, novation and successor, under what authority and role? classification
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify amendment, modification, restructuring, refinancing, novation and successor? requirement

Holdings, valuation, rating and external outcomes

Groups governed findings for holdings, valuation, rating and external outcomes while preserving debt-instrument boundary and source authority.

Holding, position, listing, trading, settlement and custody reference

Records holding, position, listing, trading, settlement and custody reference as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish holding, position, listing, trading, settlement and custody reference? relationship
  2. Who issued, owes, holds rights in, services, validates, changes or may access holding, position, listing, trading, settlement and custody reference, under what authority and role? composition
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify holding, position, listing, trading, settlement and custody reference? constraint

Market price, yield, fair value, carrying amount, rating, payment and default reference

Records market price, yield, fair value, carrying amount, rating, payment and default reference as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish market price, yield, fair value, carrying amount, rating, payment and default reference? provenance
  2. Who issued, owes, holds rights in, services, validates, changes or may access market price, yield, fair value, carrying amount, rating, payment and default reference, under what authority and role? relationship
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify market price, yield, fair value, carrying amount, rating, payment and default reference? process
Governance, provenance and interoperability Make debt terms attributable, protected, durable and projectable without binding semantics to one transport

Provenance, quality, access and retention

Groups governed findings for provenance, quality, access and retention while preserving debt-instrument boundary and source authority.

Source, actor, evidence, digest, confidence, event time and knowledge time

Records source, actor, evidence, digest, confidence, event time and knowledge time as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish source, actor, evidence, digest, confidence, event time and knowledge time? provenance
  2. Who issued, owes, holds rights in, services, validates, changes or may access source, actor, evidence, digest, confidence, event time and knowledge time, under what authority and role? state
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify source, actor, evidence, digest, confidence, event time and knowledge time? event

Ownership, stewardship, access, confidentiality, legal hold and retention

Records ownership, stewardship, access, confidentiality, legal hold and retention as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish ownership, stewardship, access, confidentiality, legal hold and retention? access
  2. Who issued, owes, holds rights in, services, validates, changes or may access ownership, stewardship, access, confidentiality, legal hold and retention, under what authority and role? lifecycle
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify ownership, stewardship, access, confidentiality, legal hold and retention? measurement

Identifiers, projections and semantic loss

Groups governed findings for identifiers, projections and semantic loss while preserving debt-instrument boundary and source authority.

ISIN, CFI, FIGI, LEI, currency and classifier mapping

Records isin, cfi, figi, lei, currency and classifier mapping as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish isin, cfi, figi, lei, currency and classifier mapping? interoperability
  2. Who issued, owes, holds rights in, services, validates, changes or may access isin, cfi, figi, lei, currency and classifier mapping, under what authority and role? temporal
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify isin, cfi, figi, lei, currency and classifier mapping? evidence

ISO message, XBRL, FIBO, API, document and RDF version, conformance and loss

Records iso message, xbrl, fibo, api, document and rdf version, conformance and loss as source-qualified Debt Instrument context while party, document, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, default, dispute, enforcement, insolvency, tax, filing and records masters remain external.

  1. Which stable instrument, version, contractual basis, debt class, jurisdiction and master-system identities establish iso message, xbrl, fibo, api, document and rdf version, conformance and loss? validation
  2. Who issued, owes, holds rights in, services, validates, changes or may access iso message, xbrl, fibo, api, document and rdf version, conformance and loss, under what authority and role? provenance
  3. Which amount, currency, rate, schedule, condition, event, observation, evidence, uncertainty and lineage qualify iso message, xbrl, fibo, api, document and rdf version, conformance and loss? quality

Classifiers Filled

Family
World Models
Category
Society, people and institutions
Entry kind
aggregate
Navigation path
NAV.SOC.ECO.DEBT
Domain
SOC.ECO.DEBT
Industry
Cross-industry
Tags
debtinstrumentsoc.eco.debt

What it is Filled

Owns instrument and version identity; debt form and class; program, series and tranche context; contractual basis and governing-law references; issuer, borrower, obligor, creditor, lender, investor, trustee, agent and guarantor role bindings; currency, original principal or notional, authorized, issued and source-qualified outstanding amounts; issue, closing, effective, accrual-start, reset, due, exercise and maturity times; fixed, floating, zero, indexed and capitalizing rate terms; index, spread, cap, floor, compounding, day-count and business-day conventions; principal, interest and fee schedule formulas; amortization, bullet, sinking-fund, grace and capitalization rules; redemption, prepayment, call, put, conversion, exchange and extension terms; ranking, subordination, secured status, collateral, security-interest and guarantee references; covenants, conditions, waivers, cure, breach, default, acceleration and cross-default terms or external events; amendment, modification, restructuring, refinancing, novation and successor lineage; external issuance, holding, listing, trade, settlement, custody, valuation, rating, payment and default references; provenance, event and knowledge clocks, quality, access, retention, audit and loss-aware projections. Party, agreement, prospectus, issuance, holding, payment, ledger, market, valuation, rating, collateral, guarantee, benchmark, default, dispute, enforcement, insolvency, tax, filing and records masters remain authoritative.

In scope

  • Debt-instrument identity, version, class, contractual basis, participant roles and source-qualified legal and economic terms
  • Principal, currency, interest, schedule, optionality, ranking, credit support, covenant and instrument-owned lifecycle context
  • External position and outcome bindings, provenance, access, retention, validation and interoperability

Out of scope

  • Owning Party, Agreement, Prospectus, Issuance, Holding, Ownership, Payment, Ledger, Trade, Listing, Valuation, Rating, Collateral Asset, Security Interest, Guarantee, Benchmark, Default Case, Dispute, Enforcement, Insolvency, Tax, Filing or Record masters
  • Treating an instrument as a position, schedule as payment, original principal as current value, secured status as perfected collateral, covenant as compliance, rating as fact or amendment as derecognition
  • Autonomous contracting, issuance, amendment, trading, valuation, rating, waiver, acceleration, payment, enforcement, protected disclosure or record destruction

Why it exists Filled

Represent one governed debt instrument as the identity-bearing contractual definition of a debtor obligation and creditor claim, including economic terms, schedules, protections and change lineage without becoming a holding, payment, ledger entry, market observation or legal case.

Distinguishing features Filled

  • Holds the instrument's terms, not anyone's position in it, which belongs to the holding model.
  • Scheduled cashflows are contractual expectations; actual payments are separate records.
  • Original principal, outstanding amount, carrying amount and market value are separate quantities.
  • Secured status and covenant terms do not prove collateral value or compliance.

What robots and AI may and may not do Filled

Must not

  • Issue, amend or restructure an instrument.
  • Trade, value or rate it on its own initiative.
  • Declare default or accelerate.
  • Make payments or waive covenants.
  • Disclose non-public terms or inside information.

Only with a human decision

  • Amendments, waivers and restructurings.
  • Default and acceleration decisions.
  • Issuance approvals.

May

  • Register an instrument with its identifiers and terms.
  • Generate the contractual cashflow schedule.
  • Record lifecycle events such as rate resets and calls.
  • Monitor covenant reporting dates.

Moral aspects Filled

  • Consumer and small-business debt affects livelihoods; terms must be clear and fair.
  • Errors in schedules can lead to wrongful default.
  • Non-public terms may be inside information.

Who is affected

  • Borrowers and issuers
  • Lenders and investors
  • Guarantors
  • Consumers in retail credit

Owners Filled

Steward

Dimension owner, namespace authority and delegated treasury, legal, accounting, risk, compliance, privacy, security and records authorities

Roles

Issuer, borrower or obligor
Own or authorize sourced obligation terms and changes through the applicable master system and legal basis.
Creditor, lender, investor or holder
Maintain externally mastered rights and positions without changing the instrument definition.
Trustee, registrar, paying, calculation or facility agent
Perform delegated administration and publish source-qualified schedules, notices or observations.
Treasury, legal, accounting, risk and compliance steward
Review classification, authority, terms, accounting boundaries, risk disclosures and jurisdictional constraints.
Data, privacy, security and records steward
Maintain identifiers, provenance, quality, access, legal hold, retention, audit and safe projections.
Regulator, court, insolvency officer or other authority
Issue separately mastered filings, rulings or case outcomes without becoming the instrument owner.

Links to other meta-models Filled

references

  • WM-ECO-005 Credit / Security - Preserve the candidate category context without approving an EXTEND edge from a classifier scheduled for split.
  • Party, Agreement, Issuance, Holding, Payment, Ledger, Market, Valuation, Rating, Collateral, Guarantee, Benchmark, Default, Dispute, Insolvency, Filing and Records models - Resolve external masters without duplicating their identity, lifecycle or authority.

aligned

  • ISO 6166, ISO 10962, ISO 4217, ISO 17442 and FIGI 1.2 - Map instrument, class, currency and entity identifiers with edition pins, source authority and non-equivalence rules.
  • FIBO debt, bond and asset-backed-security ontologies - Project debt concepts through an exact production release while preserving Vercy identity and declared semantic loss.
  • ISO 20022, XBRL 2.1, RFC 3339, PROV-O, DQV, ODRL, OWL-Time and SKOS - Project messaging, reporting, time, provenance, quality, policy and classifier views with version and loss controls.

neighbor

  • WM-ECO-005 Credit / Security candidate category - Debt Instrument is a governed contractual aggregate. The candidate parent is marked for split and grants no inherited semantics or cascade authority.
  • Issuance, Holding / Position and Ownership - An instrument defines fungible or bilateral debt terms; issuance creates supply and allocations, while positions bind holders, quantities and custody at time.
  • Scheduled cashflow, Payment and Ledger - A contractual schedule is a formula or expectation. Amount due, cash transfer and accounting posting are separate records with their own event times and authority.
  • Valuation, Price, Yield and Rating - Observed or assessed values and opinions are external, source-qualified and time-bound; they do not rewrite the instrument's contractual terms.
  • Collateral, Guarantee, Covenant and Default - The instrument owns referenced protection terms; assets, interests, valuations, compliance observations, breach findings, guarantees and default cases retain separate identity and authority.
  • CFI, FIGI, FIBO, ISO 20022 and XBRL - Classifiers, ontologies, message formats and reporting taxonomies are versioned projections or alignments, not the universal storage interface or legal truth.

parent

  • WM-ECO-005

What else AI and robots need to interact with it Filled

Identity and identifiers required Filled

  • Authoritative master-system identifier from the issuer, borrower, registrar, depository, lender, trustee or regulator, qualified by namespace and record kind.
  • Governed globally resolvable instrument or artifact IRI.
  • Dimension UUID or ULID when neither preceding identifier exists.

Direct properties not applicable Not applicable

Not applicable

Institutional or informational subject: no invented physical properties.

Recognition optional Filled

  • A debt instrument has an issuer or borrower, principal, currency, rate terms, maturity and often an ISIN.
  • Often confused with a holding, a loan account balance and a payment.

Capabilities and actions required Filled

  • Register debt instrument: Governed operation to register debt instrument without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Classify and bind basis and parties: Governed operation to classify and bind basis and parties without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Define principal, currency and rate terms: Governed operation to define principal, currency and rate terms without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Generate contractual cashflow schedule: Governed operation to generate contractual cashflow schedule without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Record options, covenants and credit support: Governed operation to record options, covenants and credit support without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Append instrument lifecycle event: Governed operation to append instrument lifecycle event without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Bind external market and credit outcomes: Governed operation to bind external market and credit outcomes without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Amend, restructure or supersede: Governed operation to amend, restructure or supersede without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Validate and project: Governed operation to validate and project without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.
  • Archive, retain and audit: Governed operation to archive, retain and audit without autonomous contracting, trading, valuation, rating, payment, default, enforcement or destruction authority.

Hazards and failure modes required Filled

  • Schedule errors causing wrong payments.
  • Missed covenant tests.
  • Disclosure of inside information.
  • Benchmark transition errors.

Standards and interfaces required Filled

  • ISO 6166 ISIN.
  • ISO 10962 CFI.
  • ISO 17442 LEI.
  • Financial Instrument Global Identifier (FIGI).
  • EDM Council FIBO ontology.
  • ISO 20022 securities messages.

Context of use required Filled

  • Debt formation, enforceability, disclosure, tax, insolvency, consumer protection, benchmark, security interest, limitation and remedy depend on jurisdiction and instrument class.
  • IFRS, statistical, identifier, ontology and messaging sources serve different purposes and do not override the contract or applicable law.
  • CFI, FIGI, FIBO, ISO 20022 and XBRL mappings require exact release, profile, licensing and conformance evidence.

Sources Filled

  1. IFRS 9 Financial Instruments - IFRS Foundation
  2. IFRS 7 Financial Instruments: Disclosures - IFRS Foundation
  3. IAS 32 Financial Instruments: Presentation - IFRS Foundation
  4. Handbook on Securities Statistics - International Monetary Fund, Bank for International Settlements and European Central Bank
  5. Introduction to BIS statistics - Bank for International Settlements
  6. Debt securities statistics - Bank for International Settlements
  7. ISO 6166 Financial services — International securities identification number - International Organization for Standardization
  8. ISO 10962 Securities and related financial instruments — Classification of financial instruments - International Organization for Standardization
  9. ISO 4217 Currency Codes - International Organization for Standardization
  10. ISO 17442 Legal entity identifier - International Organization for Standardization
  11. Financial Instrument Global Identifier - Object Management Group
  12. Financial Industry Business Ontology - EDM Council
  13. FIBO Debt Instruments - EDM Council
  14. FIBO Bonds - EDM Council
  15. FIBO Asset-backed Securities - EDM Council
  16. ISO 20022 Message Definitions - ISO 20022 Registration Authority
  17. XBRL 2.1 - XBRL International
  18. Date and Time on the Internet: Timestamps - Internet Engineering Task Force
  19. PROV-O: The PROV Ontology - World Wide Web Consortium
  20. Data on the Web Best Practices: Data Quality Vocabulary - World Wide Web Consortium
  21. ODRL Information Model 2.2 - World Wide Web Consortium
  22. Time Ontology in OWL - World Wide Web Consortium
  23. SKOS Simple Knowledge Organization System Reference - World Wide Web Consortium
  24. FIBO Production Release - EDM Council

Open questions

  • Approve or reject the WM-ECO-005 candidate relation after Credit, Security, Debt Instrument, Equity Instrument and Holding boundaries are normalized.
  • Create independently validated loan, sovereign, municipal, corporate, covered, structured, securitized, Islamic, convertible, sustainability-linked and distressed-debt profiles.
  • Benchmark instrument identity matching, rate and index conventions, cashflow calculation, option exercise, covenant testing, collateral, guarantees and credit-event mappings.
  • Validate jurisdiction, enforceability, disclosure, tax, insolvency, consumer protection, benchmark, security-interest, limitation and remedy rules.
  • Pin exact external releases and licensing conditions and obtain independent capital-markets, lending, legal, accounting, risk, data and records review before promotion beyond reviewable-draft assurance.
  • Claude and Grok each timed out on one bounded attempt; no independent external result was admitted.
  • WM-ECO-037 EXTEND WM-ECO-005 is a candidate relation against a category marked for split, not an approved inheritance edge.
  • Loans, sovereign, municipal, corporate, covered, structured, securitized, Islamic, convertible, sustainability-linked and distressed debt require separate profiles.
  • IFRS standard detail is licensed and jurisdictional adoption varies; no accounting conclusion or full IFRS conformance is claimed.
  • FIBO master/latest pages are development artifacts; production release pins and licenses are required before implementation conformance.

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-037-debt-instrument/spec.yaml, ver-cy/world-models/card-supplements/wm-eco-037-debt-instrument.json