Organization Classification [Dido Solutions, Inc Wiki]

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====== Organization Classification ======

[[public:99_annexes:annex-b-terms-and-definitions:start|Go up to Terms and Definitions]]

===== Discussion =====

An Organization Classification characterizes the nature, function, authority, regulatory category, business category, or other defined characteristic of an [[public:99_annexes:annex-b-terms-and-definitions:o:organization|Organization]].

An Organization Classification may depend on:

  * The applicable business context
  * The applicable regulatory framework
  * The applicable [[public:99_annexes:annex-b-terms-and-definitions:j:jurisdiction|Jurisdiction]]
  * The authority assigning the classification
  * The activity performed by the Organization
  * The financial products or services provided by the Organization
  * The [[public:99_annexes:annex-b-terms-and-definitions:e:effective_period|Effective Period]]
  * The classification scheme or [[public:99_annexes:annex-b-terms-and-definitions:c:controlled_vocabulary|Controlled Vocabulary]]

An Organization may have more than one Organization Classification. For example, the same Organization may be classified as a Financial Institution, Settlement Institution, and Service Provider.

An Organization Classification remains distinct from the [[public:99_annexes:annex-b-terms-and-definitions:i:identity|Identity]] of the classified Organization. Creating, modifying, suspending, or ending a classification does not, by itself, create, modify, replace, or remove the Organization.

An Organization Classification also remains distinct from a [[public:99_annexes:annex-b-terms-and-definitions:r:role|Role]]. A classification describes an Organization's nature, function, authority, or recognized category. A Role describes how a [[public:99_annexes:annex-b-terms-and-definitions:p:party|Party]] participates in a specified context.

For example, ''Financial Institution'' may classify an Organization. ''Counterparty'' identifies a Role performed by that Organization in a particular transaction.

An Organization Classification also remains distinct from [[public:99_annexes:annex-b-terms-and-definitions:l:legal_entity_recognition|Legal Entity Recognition]]. Organization Classification describes an Organization. Legal Entity Recognition records jurisdiction-dependent legal status.

===== Definition =====

> //classification assigned to an Organization to characterize its nature, function, authority, regulatory category, business category, or other defined characteristic within a specified context//

===== Source =====

Adapted from:

  * [[https://www.w3.org/TR/vocab-org/|W3C Organization Ontology]]
    * Relevant concepts and relationships: Organization, Formal Organization, Organizational Unit, classification, purpose, and organizational structure
    * Retrieved: 2026-10-08
  * [[https://www.omg.org/spec/Commons/Organizations|OMG Commons Organizations Ontology]]
    * Relevant concepts and relationships: Organization, Formal Organization, Legal Entity, Service Provider, Organization Membership, and organizational classification
    * Retrieved: 2026-10-08
  * [[https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/FormalBusinessOrganizations/|Financial Industry Business Ontology, Formal Business Organizations Ontology]]
    * Relevant concepts and relationships: Formal Business Organization, organization category, business entity, and organizational characteristics
    * Retrieved: 2026-10-08
  * [[https://spec.edmcouncil.org/fibo/ontology/BE/FunctionalEntities/FunctionalEntities/|Financial Industry Business Ontology, Functional Entities Ontology]]
    * Relevant concepts and relationships: Functional Entity, Functional Business Entity, Government, and function-dependent organization categories
    * Retrieved: 2026-10-08
  * [[https://www.w3.org/TR/skos-reference/|W3C Recommendation: SKOS Simple Knowledge Organization System Reference]]
    * Relevant concepts and relationships: Concept, Concept Scheme, preferred label, definition, notation, and Controlled Vocabulary
    * Retrieved: 2026-10-08

This corpus defines the expression //Organization Classification//. The referenced sources define Organization classifications, categories, purposes, and related concepts but do not necessarily define a concept having this exact name or scope.

===== Note =====

  * An Organization Classification applies to an Organization
  * An Organization may have zero or more Organization Classifications
  * An Organization Classification does not create an additional Organization
  * An Organization Classification does not replace Organization Identity
  * A change in Organization Classification does not, by itself, change Organization Identity
  * An Organization Classification does not establish Legal Entity Recognition
  * An Organization Classification does not, by itself, establish authority to act
  * An Organization Classification remains distinct from a Role
  * A classification may depend on a specified business or regulatory context
  * A classification may depend on an applicable Jurisdiction
  * A time-dependent Organization Classification identifies its applicable Effective Period
  * An Organization Classification identifies the applicable classification scheme or Controlled Vocabulary
  * A classification entry should have a stable identifier when systems reference it independently of its label
  * The authority or source assigning a classification should be identified when applicable
  * Applicable Evidence may support the assignment of an Organization Classification
  * The platform-independent definition does not require a particular enumeration, code list, identifier scheme, database representation, programming-language type, or serialization format

===== Example =====

**Example Bank** is an Organization.

The Information Model associates the following Organization Classifications with **Example Bank**:

^ Organization Classification ^ Context ^ Effective Period ^
| ''Financial Institution'' | General financial-services context | Current |
| ''Settlement Institution'' | FX settlement context | Current |
| ''Service Provider'' | Settlement-service agreement with **Example Brokerage** | Duration of the applicable agreement |

The classifications describe characteristics or functions associated with **Example Bank**. They do not create three separate Organizations.

**Example Bank** acts as a [[private:01-fx:99-annexes:annex-b-terms-and-definitions:c:counterparty|Counterparty]] in a specified FX Trade. Counterparty identifies a Role performed in the transaction. It is not an Organization Classification.

**Example Bank** also has a Legal Entity Recognition in Jurisdiction A. That recognition records its jurisdiction-dependent legal status. It remains distinct from the Financial Institution, Settlement Institution, and Service Provider classifications.

A platform-specific implementation may represent an Organization Classification Controlled Vocabulary as an enumeration:

<code>
enum OrganizationClassification {
    GOVERNMENT_BODY,
    REGULATORY_AUTHORITY,
    EXECUTION_FACILITY,
    CLEARING_ORGANIZATION,
    TRADE_REPOSITORY,
    SETTLEMENT_INSTITUTION,
    FINANCIAL_INSTITUTION,
    SERVICE_PROVIDER,
    INTERNAL_ORGANIZATIONAL_UNIT
}
</code>

This enumeration implements the Controlled Vocabulary. It is not the authoritative definition of the classifications or their applicable contexts.

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