Financial Services provider data delivery models are actually shaped based on the client implementations. This presentation details the road map to standardize these disparate implementations into a single version.

1. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com
IBOR Data Management
Data Standardization Framework
Burak S. ARIKAN
November 2015

2. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com 1
Data
Dictionary
Data Quality
Management
Data Lineage
• Standard IBOR Data Dictionary
• Core Data Service
• Enhanced Data Service
• Comprehensive Data Quality Management
• Critical Data Elements
• Business Rules
• Active/ Proactive Monitoring
• Data Issue management
• Data Lineage
• Transparency from source to delivery
• Source system to data extract
• Source system to report
IBOR Data standardization will not only be limited to making data available within a report, but also ensuring presented quality data
to be interpretable, traceable, manageable within regular day-to-day operations.
IBOR Data Standardization
Overall Approach

3. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com
Portfolio Account forms the core data representing health of investments being held by an asset manager and be a foundation of
IBOR. The asset manager can further purchase ancillary services from middle office service provider, and the data being introduced
by these ancillary services can form the extended data service.
Trade
Management
Portfolio
Accounting
Security
Reference
Data Man.
Asset
Servicing *
Collateral
Management
Cash
Management
Performance
Management
Reconciliation
Client
Account
Management Pricing
Data Man.
Investor Services Offerings
Core Data Service
IBOR Data Domains
Transaction Position
Valuation Sec Ref Data
Pricing Client Data
Asset Servicing
Enhanced Data Service
Cash Man
Trade Man Sec Ref Data
Reconciliation Derivatives
Pricing Client Data
Asset Servicing
Collateral ManPerformance
2
Derivatives
Listed/OTC
* Includes: Corporate Action, Proxy Voting, and Class Action
Fund Order
Processing
Fund Order Pro.
Portfolio Accounting Related:
Dividend rate, dividend ex-date
Asset Servicing Related:
Selection, price before event,
price after event
IBOR Data Standardization
IBOR Services & Data

4. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com
Illustration of some core and enhanced data service attributes for Corporate Action domain within Asset Servicing can help to
explain the concept to further. The ancillary service is this example is Voluntary Corporate Action processing.
IBOR Core Data Service
Dictionary
IBOR Enhanced Data Service
Dictionary
Data Attributes
Asset price before event
Asset price after event
Decision
Default option
Default response close date
and time
Default option Response
Due Date
Effected Date
Elected Units
Data Attributes
Corporate Action Type
Corporate Action Type
Description
Corporate Action Reference
Number
Dividend Rate
Dividend Receivables in Base
Currency
Dividend Ex-date
Dividend Pay Date
3
IBOR Data Standardization
Data Dictionary Illustration

5. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com
The disbursed client dictionaries needed to be aligned, then furthermore benchmarked to ensure consistency among the dictionaries
and organization’s internal data infrastructure boundaries.
Client 1 Data Dictionary
Client 4 Data Dictionary
Client 2 Data Dictionary
Client 3 Data Dictionary
Internal Data Requirements
Map / Normalize
Trade
Management
Security
Reference
Data
Asset
Servicing
Pricing
Data
Collateral
Management
Cash
Management
Performance
Management
Reconciliation
Client
Account
Data
Portfolio
Accounting
BENCHMARK
Aligned
Data Dictionary
IBOR Core Service
Data Dictionary
IBOR Enhanced Service
Data Dictionary
=
4
Derivatives
Listed/OTC
Fund Order
Processing
IBOR Data Standardization
Data Dictionary Approach

6. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com 5
Define a standard approach to how IBOR data should be positioned in order to ensure a high data quality service level. Although
the process is depicted in a linear view.
• Existing validation
• Partial Validation
• No Validation
• Completeness
• Consistency
• Accuracy
• Define rules
• Apply to relevant
data items
• Automated solution
• Runs business rules
• Provides exception
• Manages data release
• Location
• Service levels
• Process
Principles:
 Not all data can be evaluated – Critical data needs to be identified
 Business rules should not repeat existing checks
 Validated data - Focus is on completeness & consistency rather than inherent quality
 Un-validated data – Focus is on accuracy along with completeness and consistency
 Clear agreement is required on how and when data can be released – service levels
Define Data
Quality
Determine
Quality
Rules
Operating
Model &
Process
Technology
Tools
Rank Data
IBOR Data Standardization
Data Quality Management

7. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com
Appendix – Data Dictionary Standardization
Sneak Preview

8. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com 7
3. Creation of a database to consolidate multiple Client data dictionaries and related structure.
1. Creation and cleansing of CORE IBOR Client Data Dictionaries by using extract specs (SOD, EOD), and reports specs
Client-1 Data Dictionary
Client-2 Data Dictionary
Client-3 Data Dictionary
Client-4 Data Dictionary
2. Collection and Cleansing of reports for modularized services to create service specific data dictionaries:
• Client 2 Operational reports which are not part of the current data dictionary:
• Pricing
• Reconciliation
• Collateral
• Fund Order Processing
• OTC
• Trade Processing
• Asset Servicing (Corp Action (Voluntary and Mandatory), Proxy, Class Action)
IBOR Data Standardization
Implementation Framework

9. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com 8
3. Creation of a database to consolidate multiple Client data dictionaries and related structure.
1. Creation and cleansing of CORE IBOR Client Data Dictionaries by using extract specs (SOD, EOD), and reports specs
Client-1 Data Dictionary
Client-2 Data Dictionary
Client-3 Data Dictionary
Client-4 Data Dictionary
2. Collection and Cleansing of reports for modularized services to create service specific data dictionaries:
• Client 2 Operational reports which are not part of the current data dictionary:
• Pricing
• Reconciliation
• Collateral
• Fund Order Processing
• OTC
• Trade Processing
• Asset Servicing (Corp Action (Voluntary and Mandatory), Proxy, Class Action)
IBOR Data Standardization
Continued…

10. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com
Appendix – Data Dictionary
Output

11. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com 10
1. IBOR Data Dictionary that is divided into Core and Enhanced
Core:
Enhanced:
IBOR Data Standardization
Data Dictionary Outputs

12. Burak S. Arikan | 382 Webster Avenue, Jersey City NJ | +1 (201) 356-7058 | burak@burakarikan.com 11
2. Service Offering Specific Data Dictionary
IBOR Data Standardization
Continued…