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General FpML Discussion › Technical & Implementation Questions › Business Center Scheme – Abu Dhabi Securities Exchange

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  • September 19, 2019 at 10:49 am #16718
    v_venkie
    Participant

    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
    Venkatesh

    December 4, 2019 at 9:43 am #17458
    iyermakova
    Spectator

    We will propose to add ADSS – for Abu Dhabi Securities Exchange

    December 4, 2019 at 9:59 am #17459
    v_venkie
    Participant

    We 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 #17460
    iyermakova
    Spectator

    FpML 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 #17463
    iyermakova
    Spectator

    duplicate response

    December 4, 2019 at 11:52 am #17464
    v_venkie
    Participant

    FpML 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 #17468
    iyermakova
    Spectator

    Hi 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 Yermakova

    December 6, 2019 at 7:11 am #17472
    v_venkie
    Participant

    Hi 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 #17762
    iyermakova
    Spectator

    Hi 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 Yermakova

    June 4, 2021 at 4:04 am #22820
    Anonymous
    Inactive

    SbcGlobal 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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