Figure P.32 - Party Settlement Specification

PartySettlement is described by PartySettlementSpecification. A PartySettlementSpecification describes a pattern/category of similar Settlement Specifications.
PartySettlementSpecVersion is a particular form or variety of a PartySettlementSpecification that is different from others or from the original. A version generally uses time as dimension to reflect changes between PartySettlementSpecVersions. The form represents differences in properties that characterize a PartySettlementSpecification, that are not enough to warrant creating a new PartySettlementSpecification.
Additional information can be stored via Characteristics for PartySettlement and PartySettlementSpecification.
PartySettlementSpecRelationship is a significant connection between two PartySettlementSpecifications such as migration, substitution, dependency, exclusivity.
The following figure shows the PartySettlementSpecification model.