Peter Raffelsberger
IT Architect
Pioneer Investments Austria
Dr. Carsten Lüders
Director
BVI Bundesverband Investment und Asset Management e.V.

 Extended list of requirements
 Situation before introduction of FundsXML
 Situation after introduction of FundsXML
 Usage of FundsXML in Austria
 Usage of FundsXML in Germany
 History and organisation of FundsXML
TSAM FundsXML | March 2014 | Page 2

We have to meet new legal reporting requirements
I need a detailled break-down for external subfunds
Can we deliver fund data in a standardized format ?
We need transactions and subs/reds on a daily basis
We need risk figures and detailled data of embedded derivatives
Can we support complex fund-of-fund or master-feeder constructions ?
We want to reduce shadow accounting
How to ensure data quality for duzens of external data sources ?
TSAM FundsXML | March 2014 | Page 3

 Hundreds of different interfaces in production
 High costs for development and maintainance of interfaces
 Time consuming data quality process
 High error rate caused by different date and number formats
 Difficult handling of optional fields
 Problems with different interpretation of specific fields
 No automated data format check possible
TSAM FundsXML | March 2014 | Page 4

 Dramatic reduction of interfaces in production
 Much lower costs for development and maintainance
 Simple and efficient data quality process
 No more errors caused by different date and number formats
 Very easy handling of optional fields
 Clear usage of fields as documented in xml schema
 Automated data format check
TSAM FundsXML | March 2014 | Page 5

 Data of all Austrian funds avaliable in FundsXML format
(NAV data, holdings, transactions, subs/reds, security data)
 Usage of FundsXML format for legal reporting to OeNB
 Web Fund Data Portal of OeKB:
- Single place for exchange of fund data
- Advanced access control
- Downloading and uploading of data can be fully automated
TSAM FundsXML | March 2014 | Page 6

USAGE OF FUNDSXML IN GERMANY (I)
Delivery of all asset and investment management information to BVI
The managing directors of investment and asset management companies of BVI members, decided in 2008 to use the standard FundsXML for the data delivery to BVI. BVI collects data to produce different kinds of market statistics.
The data delivery via FundsXML includes:
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All kinds of static fund information (for example identifier, date of issuance and liquidation, fund classification, for institutional funds kind of investor)
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Flow figures like gross and net sales as well as assets under management and assets under administration of more than 11,000 funds
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Portfolio composition and other detailled information of real estate funds, which represent more than 10 per cent of the German retail investment fund market
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USAGE OF FUNDSXML IN GERMANY (II)
Delivery of all asset management and investment management information to BVI
■
Company data with regard to the different services provided (like assets managed and assets under custody)
■
TER and performance fees
■
Price and dividend information necessary for performance calculation
■
Data about pension provision programs
The data collecting does include not only the information of companies issuing products in Germany, but also of foreign companies offering products to the German market.
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USAGE OF FUNDSXML IN GERMANY (III)
Distribution of Data
Investment companies use FundsXML for the distributon data to
Data vendors
Distribution partners
Externally hosted websites via content interface
The Data mainly consists of
Daily prices
Full holdings
Basic fund data
Reporting data
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USAGE OF FUNDSXML IN GERMANY
Plans
■
Data collection of AIFMD products, which are not part the existing data collection (like closed ended funds, private equity)
■
Supporting legal reporting requirements by enabling the standardized exchange of data between market participants (like portfolio structure of funds of funds)
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FUNDSXML HISTORY (I)
From a national solution to a European standard
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2001: Leading German investment companies start the initiative:
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Allianz Global Investment, COMINVEST (now Allianz Global Investment), CREDIT SUISSE
ASSET MANAGEMENT, DEKA, DWS, UNION INVESTMENT
Supported by:
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Vontobel und K&W Software AG aus der Schweiz
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The asset management company and data provider FERI TRUST
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2003: BVI, the German investment and asset management association, supports FundsXML as data delivery standard
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FUNDSXML HISTORY (II)
The next members
■
2006
■
■
■
■
■
■
2007
2008
2009
2010
2011
2012
VÖIG, the Austrian Investment Management Association, the
Österreichische Kontrollbank (OeKB) and the Erste Sparinvest
Robeco
DIAMS (jetzt FundsXML France)
The Danish Investment Association IFR (represented by the data provider
FundConnect)
La Banque Postale Asset Management, Paris
AFG, the French investment management association
FINESTI (now Fundsquare), Luxemburg
KNEIP, Luxemburg
AXA France Investment Managers
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FUNDSXML HISTORY (III)
EFAMA supports the use of FundsXML
■
May 2013 EFAMA recommends the use of FundsXML as the standard for the delivery of Fund Processing Passport (FPP) information
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FUNDSXML AS A BRAND
Protection of FundsXML
■
Since 2010 the name FundsXML is protected for 10 years by a copyright on EU-level
■
The copyright was applied by FundsXML France in the name of the FundsXML Standards
Committee
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FUNDSXML ORGANISATION
■
The FundsXML Charta defines a minimum of structure and procedures
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The FundsXML Standards Committee (FSC) is the highest decision-making body, especially responsible for essential changes of the FundsXML schema
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FSC also decides about the appointment of working groups for special subjects to advance and promote FundsXML
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FundsXML Working Group Content/Technique
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Subworking Group Data Dictionary
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FundsXML Working Group Promotion
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FUNDSXML CURRENT SITUATION
The latest version 3.0.7 can be used for:
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Reporting obligations concerning Basel II
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Shadow accounting
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An extended data base for sales purposes
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Reports to data providers like Thompson Reuters, Bloomberg, Morningstar, FundConnect,
Fundsquare
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Fund Processing Passport
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Key Investor Information Document
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The data delivery to the central banks in Germany and Austria
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Data delivery for all BVI statistics
■
Reporting for the Austrian Web Fund Data Portal of OeKB
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VIELEN DANK
FÜR IHRE AUFMERKSAMKEIT
Dr. Carsten Lüders
Director
Fon +49 69 15 40 90 224
Carsten.Lueders@bvi.de
www.bvi.de
Peter Raffelsberger
IT-Architect
Fon +43 1 33173 4314
Peter.Raffelsberger@pioneerinvestments.com
www.pioneerinvestments.com
BVI
Bundesverband Investment und Asset Management e.V.
BVI Berlin
Unter den Linden 42
10117 Berlin
BVI Brüssel
Rue du Commerce 20 – 22
1000 Bruxelles
BVI Frankfurt
Bockenheimer Anlage 15
60322 Frankfurt am Main
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