[18656]
March 17, 2005
TO: INTERNATIONAL OPERATIONS ADVISORY COMMITTEE No. 5-05
RE: REPORTS ISSUED BY EFAMA’S FUND PROCESSING STANDARDIZATION GROUP
EFAMA, formerly known as FEFSI, recently issued two reports developed by its Fund
Processing Standardizations Group (“FPSG”). The reports can be downloaded from FEFSI’s
website at http://www.efama.org/50Standards/index_html#3.
The first report, “Standardization of Funds Processing in Europe — Order and Settlement,” puts
forth a number of recommendations for industry wide standards to be used to communicate
investment fund transaction details utilizing the ISO 20022 messaging format.
The second report, “A Pan-European Fund Processing Passport,” proposes a standardized
format for use by fund management companies to communicate information about their
investment funds at the class level that will facilitate fund processing.
EFAMA is currently seeking Europe-wide endorsement of the FPSG recommendations and is in
the process of identifying major industry participants to be early adopters of the
recommendations. EFAMA will evaluate the progress achieved towards endorsement and
implementation of the FPSG recommendations in the third quarter of 2005.
Diane Butler
Director
Transfer Agency & International Operations