Transcript ppt - FUNDSXML
FundsXML A European Data Delivery Standard for Investment Information - an enhancement for Data Management
Dr. Carsten Lüders Senior Vice-President Head of Research and Market Analysis BVI Bundesverband Investment und Asset Management e.V
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Agenda
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Total number of funds in Europe
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Data exchange between market participants III.
IV.
VI.
The main objectives of FundsXML The development of FundsXML - from a national solution to a quasi European standard Organisation, users and projects of FundsXML
Total number of funds in Europe
37,607 40,892 43,071 43,090 43,514 44,498 47,354 51,175 53,802 52,064 52,636 21,498 1995 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: BVI, EFAMA
Agenda
4 I.
Total number of funds in Europe
II.
Data exchange between market participants
III.
IV.
VI.
The main objectives of FundsXML The development of FundsXML - from a national solution to a quasi European standard Organisation, users and projects of FundsXML
Data exchange between market participants
Investment company Depositary bank Services Associations Rating agencies Official Delivery commitments 5 Data vendors Investment company
Agenda
6 I.
Total number of funds in Europe II.
III.
IV.
VI.
Data exchange between market participants
The main objectives of FundsXML
The development of FundsXML - from a national solution to a quasi European standard Organisation, users and projects of FundsXML
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The main objectives of FundsXML
FundsXML is a standardized data format for exchanging fund information It facilitates a wide range of business processes in the fund industry The initial focus is on sales and reporting activities The reporting obligations of the investment companies may be covered by FundsXML
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The main objectives of FundsXML
Keep the organisation flexible and cost-efficient Protect investments in IT systems based on the standard Coordinate the initiative with similar international standards Stimulate national and international acceptance of the standard Invite third parties to participate in (further) developing the standard
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The main objectives of FundsXML
Protect the intellectual property from abuse (license requirements) and secure its legal status • the name FundsXML has a copyright at EU level for the next ten years • this copyright was done by FundsXML France in the name of the FundsXML Standards Committee.
The main objectives of FundsXML
10 FundsXML can contribute to cost reductions cost reductions in the development of an interface • several interfaces are replaced by one single interface • easy installation and data distribution cost reductions for maintenance • only one interface has to be supervised and adjusted • customer‘s requirements can be implemented more easy and faster Higher data quality
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The main objectives of FundsXML
FundsXML is based on XML – a modern standard for data description • XML is widely accepted and supported • XML can be converted easily to different data formats It is an open source product System-independent • independent of the operating system • independent of the programming language
Agenda
I.
Total number of funds in Europe 12 II.
Data exchange between market participants III.
IV.
VI.
The main objectives of FundsXML
The development of FundsXML - from a national solution to a quasi European standard
Organisation, users and projects of FundsXML
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The development of FundsXML - from a national solution to a quasi European standard
Leading German investment companies: Allianz Global, COMINVEST (now AGI), CREDIT SUISSE ASSET MANAGEMENT, DEKA, DWS, UNION The Swiss investment company Vontobel The software provider K&W Software AG The asset management company and the data provider FERI TRUST started the initiative in 2001
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The development of FundsXML - from a national solution to a quasi European standard
BVI supports FundsXML as data delivery standard since 2003 Next members of FundsXML Standards Committee: October 2006: the Austrian investment association VÖIG as well as Erste Sparinvest and the OeKB April 2007: Robeco from the Netherlands September 2008: DIAMS (FundsXML France) and the Danish investment association IFR join the initiative.
November 2009: La Banque Postale Asset Management April 2010: The French investment association (AFG) November 2010: Finesti from Luxemburg
Agenda
15 I.
Total number of funds in Europe II.
III.
IV.
VI.
Data exchange between market participants The main objectives of FundsXML The development of FundsXML - from a national solution to a quasi European standard
Organisation, users and projects of FundsXML
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The organisation of FundsXML.org
The “FundsXML Standards Committee” (FSC) as the highest-decision making body Working Groups FundsXML Charta defines a minimum of structures and procedures
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Use and users of FundsXML
Supply of distribution partners • • enables the daily data recall via web services data basis for reporting Supply of information provider as multiplicators for fund data Data basis for sales supporting software Data delivery for legal reporting obligations
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The variety of information of FundsXML version 3.0.3
The latest version 3.0.3 can be used for: The data delivery to the central banks in Germany and Austria Data delivery for all BVI statistics VAG-Reporting Reporting for the Austrian law for pension funds Reporting obligations concerning Basel II Shadow accounting An extended data base for sales Reports to data providers like Thompson Reuters, Bloomberg, Morningstar, FundConnect Fund Processing Passport
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FundsXML – current projects
Creation of a new FundsXML Data Dictionary Integration of the relevant data fields for Key Investor Document (KID) Data fields for the creation of annual and semi-annual prospects Integration of data fields for an entire data exchange between depositary banks and investment companies
THANK YOU FOR YOUR ATTENTION!
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Dr. Carsten Lüders
Senior Vice-President Head of Research and Market Analysis BVI Bundesverband Investment und Asset Management e.V.
Eschenheimer Anlage 28 60318 Frankfurt am Main Phone: +49 69 / 15 40 90-2 24 E-Mail: [email protected]