The FinDatEx governance structure has just launched its public consultation on the European ESG Template (EET) template. In this regard, the FundsXML organisation is proud to announce that the new data fields relating to the EET version 1.0 are currently being integrated into the FundsXML schema.
This step demonstrates once again, that the FundsXML organization is at the forefront when it comes to enabling the delivery of standardized (EET-)data in a well-timed manner.
Our innovative Online FundsXML Schema Viewer enables you already to a get a first glimpse at the new EET fields inside the FundsXML Schema.
Getting started with a new data format can be a complicated process, and it’s not easy to know where to start. With that in mind, FundsXML.org creates a further vehicle for introducing the FundsXML format to interested parties.
By continuously creating new short-format video tutorials, we want to help you to learn about the FundsXML format before you move on to mastering it. So take the next step and have a look at the newly created section on our website. Our courses touch on a variety of subjects such as validating your FundsXML file or the structure of an XML file. All of the tutorials are free to access and feature guidance from some of the top experts in the FundsXML community. The educational content of these courses speaks to the needs of a broad target audience such as beginners and well-experienced FundsXML users.
With over 50 million developers working together, GitHub is now the largest collaborative online workspace for software projects in the whole world. GitHub provides a large variety of collaboration features such as bug tracking, feature requests, or wikis for each of these projects.
The FundsXML Organisation joined the GitHub community and made it’s all of its projects public. By taking this step, the FundsXML inititative simplifying the use of the FundsXML format even further.
Join the FundsXML Organization on GitHub, collaborate on future projects, or simply build a history over time and track all changes made to the FundsXML schema.
To convert a FundsXML to CSV and vice versa the mechanism has never been as easy as it is with the new open source C ++ based FundsXML <-> CSV Converter. Listening to users’ challenges in creating FundsXML documents, the tool was designed to allow interested parties an easy conversion of files between the two different formats.
Currently the FundsXML <-> CSV converter can be used as a command-line tool which is useful for both interactive and batch processing. To perform the conversion, the FundsXML <-> CSV Converter needs compulsorily an input file (FundsXML or CSV), the matching mapping-definition as well as an appropriate template file. At the moment the tool comes with ready-to-use mapping definitions for EMT, TPT, holdings data and NAV data. To name but a few features, the tool is logging content and format errors of the input files (either CSV or FundsXML format) and the names of the processed files along with status information when working in batch mode.
For data other than represented in the above listed mapping-definitions, additional structural information and parameters can to be supplied respectively in the mapping-definition and the template file. While the template file (in CSV format) is defining the order of columns, the column delimiters and the format of the numbers, modifying the mapping-definition file (in CSV format) allows interested parties to customize the behavior for their specific application.
By enabling interested parties to validate their FundsXML documents we are further simplifying the use of the FundsXML format. The validation process ensures that your FundsXML document respects the rules dictated by the corresponding FundsXML schema. Beyond that, this process also confirms that your document meets the W3C requirements for being XML and is therefore considered well-formed.
Many xml tools offer a very simple method for checking XML documents against a XML schema. By referencing the corresponding XML schema as an attribute in the root node your XML tool is able to load the XML Schema. In this way it validates the FundsXML document automatically.
Simply add this information to the root node:
Validation against an XML schema includes the following checks:
– XML document is well-formed (e.g. only one root node, correct closing of open tags, … )
– All XML nodes exist in the XML schema (and are used in the correct order)
– All mandatory XML nodes exist in the XML document
– The content of an XLM field is valid according to the defined format (e.g. valid numbers, valid dates)
– All UniqueIDs (within positions and transactions) exist in the AssetMasterData section
Since releasing the FundsXML version 4.1.0. the MiFID Template (EMT) is a key part of this schema.
However, out of habit numerous companies continue working with the outmoded csv format.
To encourage an ever increasing role of the cutting-edge FundsXML format we are prepared to give interrested parties a helping hand on that matter.
In the light of the above, it is possible to facilitate the switch to the FundsXML 4.1.0 format by means of a modern Java-based FundsXML Converter.
Another clear advantage is that this converter can handle the additional MiFIDII data which is required by WM Data.
