BASEL II & Reference Data
In the autumn of 2006, I was working on one of the assignments in State Street Corp, assigned by my employer Ebusinessware Inc. During those days I got a chance to work upon Basel II project. So, I am sharing my knowledge of Basel II & Reference Data.
Basel II :-
Basel Committee on Banking Supervision [...]
Market Data & Reference Data
Market Data:
Data associated with securities, financial directives, investment instruments, and currency is known as market data referred as real time price data. Market data is highly time sensitive data, used by traders, investors or broadly speaking all users, involved in securities’ transactions.
Information related to equity or stock that is available on trading desk can [...]
Why do you need reference data in getting complaint with MiFID?
What is MiFID?
Markets in Financial Instrument Directive officially took effect on November 1st 2007 was introduced by European Union to increase the cross border investment orders and aimed to integrate the European financial markets. Firms covered by MiFID are authorized and regulated in their home state (where they have registered office). Once firm has been [...]
An approach to management of reference Data
The approach can help keeping a consistent reference data repository management in the following ways :-
Defining Essence:The clear definitions of attribute is kept while receiving the data from other systems. This can be defined by the user by mapping the attributes received and attribute definition in the system. While receiving and maintaining the entities into [...]
BASEL II & Reference Data
In the autumn of 2006, I was working on one of the assignments in State Street Corp, assigned by my employer Ebusinessware Inc. During those days I got a chance to work upon Basel II project. and rightly so, I am sharing my knowledge of Basel II & Reference Data.
Basel II :-
Basel Committee on Banking [...]
Making Process Rules available Online!
Making Process Rules available Online!
For sourcing Counterparty information, Financial Analysts(FA’s) or Content teams refer approved Country Process rules to which the counterparty belongs. These Process rules are buried in bulky spreadsheets. Every time there is a change in the rule, relevant spreadsheets have to be modified and there is no audit history of changes. This [...]
Do you think the same way I think?
I joined Ebusinessware’s Reference data wing as trainee on January 18, 2004. This is my first job and I got this after lot of job search. There was a 3-month intensive training, which was a kind of an introduction to the vast financial world, however in this whole training section, the actual job was a [...]
Growing need for Reference Data Management
Some seven years back, reference data was considered at least priority in the data world. Mounting competition and growing legal & regulatory requirements turned Reference Data Management into high priority for firms. Firms have started recognizing the benefits of accurate, update-to-date and easy accessible reference date to facilitate their business requirements and deliver best output [...]
Corporate Action Processing - Challenges
Corporate Action:
Any event that brings material change to a company and affects its stakeholders / shareholders can be classified under corporate action. Corporate Action is a process initiated by a company, agreed upon by its board of directors and authorized by its shareholders.
Some commonly known examples of corporate action are;
1. Stock splits
2. Dividends
3. Rights Issues
4. [...]
