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FundsXML France

FundsXML France. FundsXML event Frankfurt 24 May 2011. Introduction to FundsXML France. In 2000, creation of the DIAMS 1 working group composed of Asset Management specialists Its ambition was to ease data exchanges between industry players

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FundsXML France

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  1. FundsXML France FundsXML event Frankfurt 24 May 2011

  2. Introduction to FundsXML France • In 2000, creation of the DIAMS1working group composed of Asset Management specialists • Its ambition was to ease data exchanges betweenindustryplayers • In 2004, the WG has been transformedinto a non-profit organization • Main activities : creation and maintenance of a business dictionary and of standardized messages, bothbased on the XML technology • Given the similarity of goals and methodology, DIAMS has joined FundsXML in 2009. • Its new denominationisnow FundsXML France 1Distribution and Integration for AssetManagement Systems

  3. FundsXML in France • For cultural and historicalreasons, XML in general and FundsXML are not muchused by the French Asset Management industry, except for internalpurposes (e.g. for data uploading to websites) • Nevertheless, someopportunities of developmentappear: • KIID (model proposed by FundsXML France, nowintegratedinto the FundsXML model) • Project of a Fundsdatabase for the French market. This databasewillbebased on the FundsXML model. • Message for communication to insurancecompanies of the information requested by the new regulationSolvency II

  4. Message for "Solvency II" • Solvency II: a new regulationwhich imposes new reportingrequirementfrom AM companies to their clients insurers. • Insurers have to calculatetheir "solvency capital requirements" or SCRs to face several types of risks, depending on the sectors of their balance sheet. • The calculation must complywithsophisticatedrulesintegratingassets and liabilitiesinto a consolidatedview. • On the AM companies' side: • Obligation to provide the SCRMarketaccording to the differentcategories of assets (equities, interest rate, forex,…) and risks. • Special attention to granularity of information transmitted to insurers

  5. For further information • Seeourwebsite www.fundsxml.fr • Email contact@fundsxml.fr

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