dido:99_annexes:annex-b-terms-and-definitions:o:obligation

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dido:99_annexes:annex-b-terms-and-definitions:o:obligation [2026/07/11 11:14] – removed - external edit (Unknown date) 127.0.0.1dido:99_annexes:annex-b-terms-and-definitions:o:obligation [2026/08/04 07:09] (current) – ↷ Links adapted because of a move operation nick_dido
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 +====== Obligation ======
 +
 +[[dido:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]]
 +
 +===== Discussion =====
 +
 +An Obligation represents a recognised duty, requirement, or commitment assigned to a party, participant, [[dido:99_annexes:annex-b-terms-and-definitions:f:financial_node|Node]], service provider, governed process, or governed function.
 +
 +In a [[dido:99_annexes:annex-b-terms-and-definitions:f:financial_system|Financial System]], an Obligation provides the basis for settlement expectations, policy enforcement, evidence production, service performance, qualification, governance review, and accountability.
 +
 +The FX Demo uses Obligation as a general concept. Specific profiles specialize obligations into settlement obligations, policy obligations, evidence obligations, release obligations, service-level obligations, and cash-flow obligations.
 +
 +===== Definition =====
 +
 +//recognised duty, requirement, or commitment assigned to a party, participant, [[dido:99_annexes:annex-b-terms-and-definitions:f:financial_node|Node]], service provider, governed process, or governed function//
 +
 +===== Source =====
 +
 +Generalised from FIBO financial contract concepts and ACTUS financial contract modeling concepts; specialized for use in the FX Demo [[dido:99_annexes:annex-b-terms-and-definitions:r:reference_architecture|Reference Architecture]].
 +
 +===== Note =====
 +
 +An Obligation is not a payment, message, instruction, policy rule, evidence record, contract document, or implementation artifact. Those artifacts describe, evidence, discharge, enforce, or record an obligation.
 +
 +===== Example =====
 +
 +An FX forward contract creates obligations for counterparties to exchange specified currencies at a specified rate on a specified settlement date.