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 specialistsIn 2000, creation of the DIAMS 1 working group composed of Asset Management specialists Its ambition was to ease data exchanges between industry playersIts ambition was to ease data exchanges between industry players In 2004, the WG has been transformed into a non-profit organizationIn 2004, the WG has been transformed into a non-profit organization Main activities : creation and maintenance of a business dictionary and of standardized messages, both based on the XML technologyMain activities : creation and maintenance of a business dictionary and of standardized messages, both based on the XML technology Given the similarity of goals and methodology, DIAMS has joined FundsXML in 2009.Given the similarity of goals and methodology, DIAMS has joined FundsXML in Its new denomination is now FundsXML FranceIts new denomination is now FundsXML France 1 Distribution and Integration for Asset Management Systems

FundsXML in France For cultural and historical reasons, XML in general and FundsXML are not much used by the French Asset Management industry, except for internal purposes (e.g. for data uploading to websites)For cultural and historical reasons, XML in general and FundsXML are not much used by the French Asset Management industry, except for internal purposes (e.g. for data uploading to websites) Nevertheless, some opportunities of development appear:Nevertheless, some opportunities of development appear: –KIID (model proposed by FundsXML France, now integrated into the FundsXML model) –Project of a Funds database for the French market. This database will be based on the FundsXML model. –Message for communication to insurance companies of the information requested by the new regulation Solvency II

Message for "Solvency II" Solvency II: a new regulation which imposes new reporting requirement from AM companies to their clients insurers.Solvency II: a new regulation which imposes new reporting requirement from AM companies to their clients insurers. Insurers have to calculate their "solvency capital requirements" or SCRs to face several types of risks, depending on the sectors of their balance sheet.Insurers have to calculate their "solvency capital requirements" or SCRs to face several types of risks, depending on the sectors of their balance sheet. The calculation must comply with sophisticated rules integrating assets and liabilities into a consolidated view.The calculation must comply with sophisticated rules integrating assets and liabilities into a consolidated view. On the AM companies' side:On the AM companies' side: –Obligation to provide the SCR Market according to the different categories of assets (equities, interest rate, forex,…) and risks. –Special attention to granularity of information transmitted to insurers

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