FundsXML - The pan-European format

Aside from its technical advantages and its easy handling, FundsXML is becoming the pan-European format, allowing B2B and B2C activity in the mutual fund sector. The development of this standard was pushed through various companies to integrate numerous working processes in the sector, enclosing the foundation of a fund and the system of registration as well as the electronic data exchange, beyond the borders of companies and countries. 

In this regard, FundsXML is already used in the following countries:

• Austria
• Denmark
• France
• Germany
• Luxembourg
• The Netherlands

A proper organizational setting for FundsXML.org enables continuous and flexible amendments to the standard, as well as its further promotion!

What is FundsXML?

FundsXML - the sustainable format

• Enables fully automated data exchange
• Permits the data to be exchanged in an internationally standardized format
• Allows swift and flexible amendments according to the needs of the users
• Can be used by every data provider without amendments. It is becoming a "universal" standard
• Excludes format errors. The data is already validated
• Displays all data in the same format
• A format that the industry can develop and strengthen
• Incorporates specific industry know how and reflects the needs of the industry
• Guarantees legal protection of the format
• The industry can incorporate it in various locations such as data hubs

The Extensible Markup Language (short XML) is a computer language. It is a markup language like HTML but is extensible. It was created by the World Wide Web Consortium (W3C). XML defines rules for the construction of a document. XML adds context th the information in a document. It does not say how this should be displayed. (Wikipedia) 

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