Securities Processing Automation FISD Agenda Update

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Securities Processing AutomationFISD Agenda
Update

• James E. Hartley
• FISD General Meeting, NYC14 December 2004

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Topics

• Market Data Definition Language (MDDL)
• Standard Distribution Protocol (fisdMessage)
• Unique Instrument Identification (UII)
• ISO TC68/SC4/WG8 - International Business Entity
  Identifier (IBEI)
• ISO TC68/SC4/WG11 - Financial Instrument Model
  (ISO 19312)

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MDDL

• Most Active Implementations
• End-of-Day static data feed
• Realtime streaming ala fisdMessage
• Version 2.4-beta Still Active
• Had been expected to be promoted in July
• Will be promoted at years end
• Likely focus on WG-11 activities

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MDDL New Content

• Portfolio Content
• Shares held, costs, transfer dates, etc.
• Risk Analysis Factors
• Evaluations of portfolios, etc.

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fisdMessage for RealTime

• Developed to Tie Front and Back Office
• Using MDDL as the common language
• Generated More Discussion This Year
• Continually converting nay sayers
• In Conversation With Other Groups
• To use fisdMessage for their needs
• Perhaps even ISO and W3C!

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UII

• Unique Instrument Identification
• Have worked through requirements
• Solution defined ISIN OPOL TICKER
• Need to Verify In RealWorld
• For all steps within transaction chain
• With ISITC and similar organizations
• Ala ISO and incorporation into WG11

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IBEI (WG8)

• International Business Entity Identifier
• Form of identifier decided
• Committee will reach out to industry
• Identifier Creation Undetermined
• Who? When? How much?
• Next Meeting - 10 January in London

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WG11

• ISO TC68/SC4/WG11
• ISO 19312 Financial Instrument Model
• Ala 20022 Process
• Progressing Quite Nicely
• Basic Setup Reviewed
• Moving on to Corporate Actions
• Next Meeting 12-14 January in London

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WG11 (cont)

• Collectively, through all our contacts, we MUST
  work to ensure the ISO 19312 (20022) process is
  successful or determine how it will NOT work
  as soon as possible to avoid undue spending and
  wasted implementations

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Other Issues

• ANNA ASB
• Working through OPOL and UII items
• Service Level Improvements
• And how they might be automated!!

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Questions?

• Tom Davin
• tdavin_at_siia.net
• 1 202.789.4465
• James Hartley
• jhartley_at_siia.net
• 1 303.322.1393
• www.fisd.net, www.mddl.org