FIDM® Version 3.0: The Reference Data Model Now with More Detailed Modeling of Clearing and Settlement

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FIDM® Version 3.0: The Reference Data Model

ECOFIN ( is glad to announce the newest version of its Financial Instruments Data Model (FIDM®) flagship data model.

The most important addition to FIDM® in Version 3.0 is the detailed modeling of the services "after the trade is made", enhancing the modeling of listing and trading: clearing, settlement and central depository. This includes the applicable rules, all relationships between these services and with trading, and add-on services such as securities lending & borrowing or coupon stripping.

Numerous smaller changes improve dealing with complex and highly structured instruments, e.g. interest calculation under complex compounding rules such as irregular compounding intervals or partial cash flows subject to different compounding rules.

With more than 320 classes with 1400 attributes, 250 domains and 400 relationships, FIDM® Version 3.0 is the reference data model for leading financial institutions worldwide.

The Financial Instruments Data Model (FIDM®) is a unique and proven concept for structuring and representing detailed information on financial instruments.

FIDM® forms a consistent and stable basis for financial instrument databases and for application development at banks, stock exchanges, data vendors and other financial intermediaries. In developing the model, special attention was given to the rapidly changing requirements for precise and automatically processed data in the Front Office and the Back Office. This is why FIDM® allows state-of-the-art evaluations in risk management and the automation of complex procedures in securities administration.

Founded in 1986 by Professor Dr. Martin Janssen, the ECOFIN Group provides sophisticated tools for banking and finance as well as investment consulting services to institutional investors and high net-worth individuals.

ECOFIN consults to banks, insurance companies, brokers and clearing houses, primarily in asset and risk management, both on strategic as well as on operational level. In addition, ECOFIN offers software tools in this field.

ECOFIN's tools are based on comprehensive domain knowledge and highly developed technical skills.

ECOFIN employs approximately 45 highly skilled professionals, most of whom have academic backgrounds in finance, mathematics or software engineering.

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Andreas Glatter
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