s 1 schweizer investment funds market practice r. vogelgesang
DESCRIPTION
Presentation from the Swiss Standards Forum in October 2013TRANSCRIPT
Swiss Investment Funds Market Practice
– The SCFS Service Offering –
Rainer Vogelgesang, SIX Securities Services
Head SCFS ISO 20022 Market Coordination
Swiss Forum for Financial Standards
Zurich, 17 October 2013
Schweizerische Kommission für Standardisierungen im Finanzbereich (SKSF)
Commission Suisse de Normalisation Financière (CSNF)
Swiss Commission for Financial Standardisation (SCFS)
A commission of the Swiss Bankers Association (SwissBanking)
1
Contents
Chapter 1: Status of Market Practice Development
Chapter 2: SCFS Market Practice Service Features
Chapter 3: SCFS Service Offering
Status of Market Practice Development
Chapter 1
Status of Market Practice Development
SCFS Portal status:
– in production
– http://portal.gefeg.com/scfs-funds-mp.htm
Swiss Funds MT-MX-migration Market
Practice released
complete set of 18 ISO 20022 MP guidelines
message validation capability
new features
– download guidelines (PDF)
– export profile schemas (XSD)
– export validation schemas (XSD)
– export business rules (schematron)
free of charge to users
available to registered users
3
SCFS Validation Portal: SCFS Investment Funds Market Practice
SCFS Market Practice Service Features
Chapter 2
Specifications in HTML
Interactive investigations
Expand/collapse
Dynamic message tree traversal
Specifications in PDF
Documenting specifications
Archiving
Printed specifications
5
SCFS Investment Funds Market Practice
SCFS Market Practice Service Features
identical
content
SCFS Market Practice Service Features
Interpret the market practice
Disregard business elements not required
(greyed-out)
Identify all data types to be implemented
(Business Analysis)
Prepare subsequent implementation project
phases
6
Mission – efficient support of implementation project phases
design implement test roll-out analyse Business Partner
on-boarding
SCFS Market Practice Service Features
Market Practice Guideline
Example 1:
Two elements of same data type
Market Practice with identical restrictions for all
elements (ReferenceIssuer, PartyIdentification) of
same data type (PartyIdentification2Choice)
Market Practice Profile Schema
Profile schema only reflects elements to be
implemented
Can be used to support implementation aspects
during different project phases, for instance,
– relational DBMS
– GUIs 7
Automation Challenge – design phase
profile
profile
SCFS Market Practice Service Features
Market Practice Guideline
Example 2:
Two elements of same data type, but differing
restrictions
Market Practice with context-specific restrictions of
elements of same data type
Market Practice Profile Schema &
Schematron Restrictions
Profile schema reflects all elements to be
implemented
Schematron file, in addition, specifies context-
specific restrictions
8
Automation Challenge – design phase
profile
profile
SCFS Market Practice Service Features
Market Practice Guideline
Example 2:
Two elements of same data type, but differing
restrictions
Market Practice with context-specific restrictions of
elements of same data type
Market Practice Validation Schema
Validation schema reflects all context-specific
restrictions supported by schema technology
For elements of same data type yet differing
restrictions, additional data types are created
9
Automation Challenge – testing phase
newly defined
validation data type
MX validation online
Upload of MX test files
Context-specific error reports
Error reports in text or HTML format
Cross-referenced MX specifications
MX validation offline
Downloadable validation schemas and
schematron files
Any XML parser can be used to
validate test messages for compliance
against Swiss Market Practice
10
Automation Challenge – testing phase
SCFS Market Practice Service Features
identical
capability
SCFS Market Practice Service Features
MyStandards
– Collaborative web-based platform to better
manage standards and usage in the financial
industry
– Provided by SWIFT
– http://www.swift.com/mystandards
– use your swift.com user name and password
Status of SCFS adoption of MyStandards
– SCFS has obtained its own MyStandards MPG
licence
– MyStandards can already be employed by
SCFS MP WGs to support the effort of
developing market practices
Status of provision of SCFS IF MP on
MyStandards
– SCFS is working with SWIFT and GEFEG to
achieve as much as possible an automated
synchronisation of specifications between the
SCFS Validation Portal and MyStandards
– When available, SCFS IF MP can additionally
be provided on MyStandards as well
11
Support of SWIFT MyStandards
SCFS Service Offering
Chapter 3
SCFS Service Offering
SCFS Market Practice
specifications
– guidelines (HTML, PDF)
– Profile schemas
– Schematron specs
– Validation schemas
Message validation
– Verifying own messages for
compliance against SCFS
Market Practice
13
Résumé of SCFS Service Offering
SCFS Service Offering
14
SCFS ISO 20022 Market Coordination
ISO 20022
Market Coordination
- Newsletter
- SCFS Standards Roadmaps
- SCFS MX Market Practices
- Implementation Best Practice
- Implementation plans
- MP Tooling Environment
- SCFS Working Groups
Own space on www.sksf.ch
– ISO Standards Spotlight
– SCFS MX Market Practice
– MP Tooling Environment
More to come:
– SCFS Standards Roadmap
– Implementation best practice
<enjoy>ISO Standards @ SCFS</enjoy>
<thank you>For your attention!</thank you>