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General FpML Discussion › Technical & Implementation Questions › Business Center Scheme – Abu Dhabi Securities Exchange
- This topic has 9 replies, 3 voices, and was last updated 3 years, 6 months ago by Anonymous.
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September 19, 2019 at 10:49 am #16718v_venkieParticipant
All,
In FpML, we have a business center for Abu dhabi setup with AEAD as code.
Recently, we have been given a requirement to support payment calendar for Abu Dhabi Securities Exchange (ADX). The holiday calendar for ADX is different to what we have under AEAD. Looking at the FpML standard, business center codes are based on the business calendar location some of which based on the ISO country code or exchange code, or some other codes. In this case, given its an exchange code, do you know how this can be represented in the FpML? I see we have done something similar to Brazil with 4 codes but not sure why something similar hasnt been done for Abu Dhabi.
Questions
1. How do we represent Abu Dhabi Securities Exchange as a business center in FpML?
2. How can we request an update to official scheme to include this?Appreciate your response.
Thanks!
Regards
VenkateshDecember 4, 2019 at 9:43 am #17458iyermakovaSpectatorWe will propose to add ADSS – for Abu Dhabi Securities Exchange
December 4, 2019 at 9:59 am #17459v_venkieParticipantWe ended up using ADX because this is inline with FpML definition to use Exchange codes
The codes are based on the business calendar location some of which based on the ISO country code or exchange code, or some other codes
Will be good to get this added to the official scheme
December 4, 2019 at 11:49 am #17460iyermakovaSpectatorFpML is using 4 characters code for a business calendar location.
Ex. NYSE – for NEW YORK STOCK EXCHANGE (https://www.fpml.org/coding-scheme/business-center)
ADSM – is an acronym for ABU DHABI SECURITIES EXCHANGE (source: https://www.iso20022.org/10383/iso-10383-market-identifier-codes). We will propose this code.December 4, 2019 at 11:51 am #17463iyermakovaSpectatorduplicate response
December 4, 2019 at 11:52 am #17464v_venkieParticipantFpML scheme already has 3 character code for exchange codes. The character length isnt fixed
ASX Australian Securities Exchange http://www.asx.com.au/
December 4, 2019 at 1:50 pm #17468iyermakovaSpectatorHi Venkatesh,
what FpML coding scheme are you looking at? FpML business calendar location coding scheme includes 4-character codes (see the coding scheme – https://www.fpml.org/coding-scheme/business-center )Thank you,
Irina YermakovaDecember 6, 2019 at 7:11 am #17472v_venkieParticipantHi Irina,
Commodity Business Calendar scheme has ASX.
for business center, the key point to consider is the scheme description == The codes are based on the business calendar location some of which based on the ISO country code or exchange code, or some other codes
The 4 letter constraint applies only when we are building something custom as per the rules below
Additional business day calendar location codes could be built according to the following rules: the first two characters represent the ISO country code [https://www.iso.org/obp/ui/#search], the next two characters represent either a) the first two letters of the location, if the location name is one word, b) the first letter of the first word followed by the first letter of the second word, if the location name consists of at least two words
Hope this clarifies
February 26, 2020 at 11:36 am #17762iyermakovaSpectatorHi Venkatesh,
FpML Architecture Working Group (AWG) reviewed your request to add Abu Dhabi Securities Exchange to the FpML Commodity Business Calendar coding scheme and agreed to add “ADSM” code for this exchange. The code has been added to https://www.fpml.org/coding-scheme/commodity-business-calendar.The AWG also provided the rules for adding exchange codes to FpML coding schemes (e.g. FpML commodity-business-calendar and business-center ):
“Exchange codes could be added based on the ISO 10383 MIC code [ https://www.iso20022.org/sites/default/files/ISO10383_MIC/ISO10383_MIC.xls%5D according to the following rules:
1. it would be the acronym of the MIC. If acronym is not available
2. it would be the MIC code. If the MIC code starts with an “X”,
3. the FpML AWG will compose the code.”
The rule will be added to the affected coding schemes.Best regards,
Irina YermakovaJune 4, 2021 at 4:04 am #22820AnonymousInactiveSbcGlobal Technical Support Number 24/7 USA +1 888-335-1383 is available 24×7 to resolve the problems of its users. we are a team of well-experienced and qualified executives who takes customers’ queries on the serious node and get it resolved quickly.
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