Coping with challenges in establishing Securityby-Security Database in Thailand
Weeraya Wongwatcharapaiboon
Statistics and Information Systems Department
Bank of Thailand
Security-by-security Information System in Thailand
BOT Financial Market Instrument System (BOT-FMI)
– Background
– Coverage
• Equity Securities
• Debt Securities
• Derivatives trading in the equity market (warrants, derivative
warrants, transferable subscription rights, depository receipts)
– Implementation (December 2006 – August 2009)
• Scheduled to Launch in December 2008 (Performance issues)
1
BOT-FMI Architecture
Data Quality Management Process
Input
Output
Central Data Warehouse
BOT
Data Completion
SEC
ETL
Multidimensional
database
Data Comparison
TSD
Prorating
SET
CDW
Validation
Basic
Validation
Input
Acquisition
BOT
Website
Fixed Reports/
Ad hoc
Reports
Adjustment
Reconciliation
Custodian
Input Preparation
ThaiBMA
Overview Data Model of BOT-FMI
Financial Instrument Reference Data
Reference data
Involved Party Reference Data
Security Reference Id
ISIN Code
Issuer ID
Involved Party Name
Security Name
Country of Residency
Issued Date
Maturity
Date
CFI
Security
Code
Market
IDType
Involved Party ID
Sector
…
Par Value
Trading
Symbol
Coupon
Security Type
Currency
…
Outstanding
Security Reference Id
ISIN Code
Holder Type
Price
Security Reference Id
ISIN Code
Market Prices
Security Reference Id
ISIN Code
Holder ID
Total Unit Issued
Total Unit Issued
Total Value Issued
Portfolio Investment in Thailand
Transaction data
Total Value Issued
2
Data Provider for BOT-FMI: Reference Data
Data Provider
Reference Data
BOT
SEC
TSD
ThaiBMA
Data Provider for BOT-FMI: Transaction Data
Data Provider
Transaction Data
BOT
SEC
TSD
Equity +Derivatives
TSD
Debt + Equity+
Derivatives
SET
Custodian
ThaiBMA
3
Benefits
Challenges
Centralize all BOT
Data
Consistency
securities
data
• Identification
and of
Increase efficiency
Deletion
of Data
data management
Duplication
system
• Lack
of Unique
Ensure
Data
Identifier
Code
Consistency
• •Aligned
securitywith
•international
involved party
standard
Reduce Reporting
Complex
Data
Entities Burden
and
Preparation
System
Improve Data
• Quality
Data Quality
Management process
•at Data
Aggregation
the security
level
done at the BOT side
• Statistical methods or
•predefined
Change of
Datato
rules
requirement
NOT
automate the data
affect Reporting
preparation
process
Entities
• Trade-off between
•costs
Dataand
Quality
benefits
Management process
at the security level
Satisfy the user
Selection
demand of BI tool
and model design
• Flexibility to cope
• Extremely large
with the rapidly
amount of transaction
changing data
data
requirement
• Data cube with a great
number of dimensions
Establishment of TFIIC
Thailand Financial Instrument Information Center
(TFIIC)
– Background
– Implementation (Phasing)
• Phase I (March 2010 - December 2012)
– Data Coverage (Same as BOT-FMI)
– Focus on Infrastructure
• Phase II (TBD)
– Data Coverage (expand to cover all derivatives in the market)
– Data Visualization for public users
4
Challenges
Balancing between
organization benefits and
public benefits
• Resources devotion
Flexibility of the TFIIC data
model
• Support all types of securities
• Financial innovation
• Information exchange in the
security-by-security level for
five founders
Next Step and Conclusion
BOT-FMI Next Step
– Enhancement on BOT security statistics
• Scrip Holding
• Security Repurchase Transaction
• Add more flexibility to BOT-FMI Data Model
Conclusion
5