Supporting debt instruments in OCF

[apfong]

Have there been previous discussions on supporting bonds with OCF? At the moment everything is equity based. However, we've been working on integrating OCF with our TA stack and have come upon the use case of issuing bonds.

It seems like we could create a new object DebtInstrument which shares many of the same fields as the StockClass object (but with some debt specific info) and the relevant transactions for the new object. Is this over simplifying the required changes to support debt in OCF?

Would there be any big differences in how transactions flow? Seems like we should be able to create the relevant debt objects and transactions and it would fit in well with the rest of OCF

I'm imagining it could look like the following (not comprehensive but adding some detail to help think through scenarios):

Objects

• DebtInstrument

  # Shared fields
  id
  comments
  object_type
  name
  class_type
  default_id_prefix
  conversion_rights
  seniority
  
  # New fields
  callable
  coupon_rate
  denomination
  maturity_date
  payment_schedule
  

Transactions

• DebtAcceptance
• DebtCancellation
• DebtIssuance
• DebtTransfer
• DebtCall
• DebtReissuance