A consistent Data Management for MiFID

MiFID- the Markets in Financial Instrument Directive is a new European regulation that is to be applied as from 1 November 2007. This new regulation will significantly affect investment business including Investment Banks, Portfolio Managers, stockbrokers and broker dealers. As for all regulation compliance project, it is an opportunity to rethink your data management and may be consider a centralised master reference data base. With its KEYdata solution, Sterci can help you to standardise your reference data in separating data management from processing.

KEYdata highlights

KEYdata is a data management application providing multi-sources market data selection and acquisition for Valuation Pricing, Corporate Actions Processing, Reference Data maintenance. Including more than 7 different data providers, KEYdata provides data selection and comparison for “Golden Copy” generation. It can be easily linked to back-end applications for STP data flow integration. Furthermore the financial institution can build with KEYdata repository a central instrument master file to automatically update the various business applications (Trading, Portfolio, Funds, back-office).

KEYdata value added features

• Certified adapter for Avaloq Banking system, datasheet in English or datasheet in German
  
  
• KEYdata provides multi-source market data selection and acquisition, including direct connectors to Telekurs VDF, Reuters Datascope, Bloomberg, FTID, FININFO, DTCC, WM daten.
  
  
• KEYdata is an opportunity to rationalise data feeds agreements with vendors with the possibility to reduce costs.
  
  
• With KEYdata the market prices and trading values are taken from the best sources with the possibility to configure quality checks.
  
  
• For Corporate Action, KEYdata selects the relevant information for your operation and creates the event scheduler, check-lists. Additionally KEYdata can reconcile the market data sources and the SWIFT messages from the custodians.
  
  
• KEYdata can provide the enterprise-hub of reference data management with initial load for instrument opening and permanent update.
  
  
• Easy connect facilitates the integration of data flow with back-end applications. A single format can be used whatever the origin of the data.
  
  
• E U tax: KEYdata collects the relevant information, including the status of all instruments and the historical changes.
  
  
• Sterci’s complementary suite of solutions for STP including Stelink financial messaging hub, Stematch for reconciliation & exception management and Steform for application integration.

The European Union directive on the taxation of savings income (2003/48/EU) will come into force on 1st July 2005. It will regulate the taxation of interest payments made across borders to EU residents. The scope of the Directive includes the Dbt instruments and the investment funds. All paying agents must know the exact status of each instrument to collect the tax or to exchange information depending on the choice of your customer. This new regulation is an opportunity to "rethink" your data management an implement a STP solution like KEYdata.