General Notes

Version 1.10 mainly consists of new fields for the openfunds MiFID II and PRIIPs adaption including further improvements of already existing fields. Further details may be found below. Please consult the following White Paper for more information about major and minor releases “Version Management”.

 

New fields

The following new fields have been included into the openfunds standard.

  • OFDY023100 Ex-post One-off Entry Costs As Percentage
  • OFDY023103 Ex-post One-off Entry Costs Period Start
  • OFDY023104 Ex-post One-off Entry Costs Period End
  • OFDY023120 Ex-post One-off Exit Costs As Percentage
  • OFDY023123 Ex-post One-off Exit Costs Period Start
  • OFDY023124 Ex-post One-off Exit Costs Period End
  • OFDY023140 Ex-post Transaction Costs As Percentage
  • OFDY023143 Ex-post Transaction Costs Period Start
  • OFDY023144 Ex-post Transaction Costs Period End
  • OFDY023150 Ex-post Management Fee Applied As Percentage
  • OFDY023153 Ex-post Management Fee Applied Period Start
  • OFDY023154 Ex-post Management Fee Applied Period End
  • OFDY023160 Ex-post Ongoing Other Costs As Percentage
  • OFDY023163 Ex-post Ongoing Other Costs Period Start
  • OFDY023164 Ex-post Ongoing Other Costs Period End
  • OFDY023190 Ex-post Incidental Costs As Percentage
  • OFDY023193 Ex-post Incidental Costs Period Start
  • OFDY023194 Ex-post Incidental Costs Period End
  • OFST001050 Fund Guarantor
  • OFST010222 Has Capital Preservation
  • OFST010223 Capital Preservation Level
  • OFST010225 Capital Preservation Period
  • OFST010227 Has CPPI
  • OFST010228 CPPI Multiplier
  • OFST010240 Fund Launch Date
  • OFST020300 Valuation Frequency
  • OFST024004 Has PRIIP Data Delivery
  • OFST024005 Has UCITS Data Delivery
  • OFST024006 UCITS KIID URL
  • OFST024011 Has PRIIP Credit Risk
  • OFST024012 PRIIP Credit Risk Measure
  • OFST024013 PRIIP Market Risk Measure
  • OFST024014 PRIIP Liquidity Risk
  • OFST024015 PRIIP Summary Risk Indicator
  • OFST024016 PRIIP Possible Maximum Loss
  • OFST024018 PRIIP Recommended Holding Period
  • OFST024019 Maturity Date
  • OFST024020 PRIIP Reference Date
  • OFST024025 PRIIP Category
  • OFST024026 PRIIP Other Comment
  • OFST024030 PRIIP Number Of Observed Returns
  • OFST024031 PRIIP MRM Mean Return
  • OFST024032 PRIIP Volatility Of Stressed Scenario
  • OFST024033 PRIIP MRM Sigma
  • OFST024035 PRIIP MRM Skewness
  • OFST024036 PRIIP MRM Excess Kurtosis
  • OFST024038 PRIIP VEV
  • OFST024040 Is PRIIP Flexible
  • OFST024043 PRIIP VEV-1
  • OFST024044 PRIIP VEV-2
  • OFST024045 PRIIP VEV-3
  • OFST024047 PRIIP Lump Sum Or Regular Premium Indicator
  • OFST024048 PRIIP Investment Amount
  • OFST024051 PRIIP Return 1Y Stress Scenario
  • OFST024052 PRIIP Return 1Y Unfavourable
  • OFST024053 PRIIP Return 1Y Moderate
  • OFST024054 PRIIP Return 1Y Favourable
  • OFST024066 PRIIP Return Half RHP Stress Szenario
  • OFST024067 PRIIP Return Half RHP Unfavourable
  • OFST024068 PRIIP Return Half RHP Moderate
  • OFST024069 PRIIP Return Half RHP Favourable
  • OFST024081 PRIIP Return RHP Stress Szenario
  • OFST024082 PRIIP Return RHP Unfavourable
  • OFST024083 PRIIP Return RHP Moderate
  • OFST024084 PRIIP Return RHP Favourable
  • OFST024113 Bond Weight
  • OFST024114 Annualized Volatility
  • OFST024115 Macaulay Duration
  • OFST024150 PRIIP Filing Language
  • OFST024154 PRIIP Investment Option
  • OFST024155 Target Market Retail Investor Type
  • OFST024158 PRIIP Other Risk Narrative
  • OFST024165 Has PRIIP Capital Guarantee
  • OFST024166 PRIIP Capital Guarantee Characteristics
  • OFST024167 PRIIP Capital Guarantee Level
  • OFST024168 PRIIP Capital Guarantee Limitations
  • OFST024169 PRIIP Capital Guarantee Early Exit Conditions
  • OFST100000 Is Client Type Retail
  • OFST100004 Is Client Type Professional
  • OFST100008 Is Client Type Eligible Counterparty
  • OFST100010 Investor With Basic Knowledge
  • OFST100012 Informed Investor
  • OFST100014 Advanced Investor
  • OFST100020 No Ability For Any Capital Loss
  • OFST100022 Ability For Limited Capital Losses
  • OFST100024 Ability For Total Capital Loss
  • OFST100026 Ability For Losses Beyond Capital
  • OFST100040 Return Profile Preservation
  • OFST100042 Return Profile Growth
  • OFST100044 Return Profile Income
  • OFST100046 Return Profile Hedging
  • OFST100048 Return Profile Options Or Leverage
  • OFST100050 Return Profile Other
  • OFST100124 Eligible For Execution Only Distribution
  • OFST100126 Eligible For Execution Only With Appropriateness Test
  • OFST100128 Eligible For Advised Retail Distribution
  • OFST100132 Eligible For Portfolio Management
  • OFST450995 Exit Cost Description
  • OFST451005 Performance Fee Description
  • OFST452001 Management Fee Applied Reference Date
  • OFST452140 Transaction Costs
  • OFST452150 Carried Interest
  • OFST452155 Carried Interest Description
  • OFST460175 Has Carried Interest
  • OFST460195 1Y RIY
  • OFST460197 Half RHP RIY
  • OFST460198 RHP RIY

 

No Longer Supported Fields

Please note the following fields require action.

  • OFST020030 Legal Share Class Code: No longer supported as definition wasn’t clear.
  • OFST160160 Home Country Restrictions: No longer supported. Please use “OFST6050XX Country Specific Restrictions” instead.
  • OFST6040XX Home Country Restrictions: No longer supported. Please use “OFST6050XX Country Specific Restrictions” instead.
  • OFST800050 EU Savings Directive: No longer supported as the EU Savings Directive 2003/48/EC was repealed in 2015.
  • OFST809510 FATCA Status: No longer supported. Please use OFST809511 FATCA Status V2 instead.

 

Major Field Changes

Please note the following fields require action.

  • OFST010205 Has Duration Hedge: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST405510 Subscription Notice Period: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST410090 Time Zone For Cut-off For Subscription And Redemption: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST410092 Time Zone For Cut-off Using TZ Database: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST410650 Pre-payment Cut-off Time For Subscription: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST410700 Settlement Period For Subscription: Change of field level: from “Fund” (old) to “Share Class” (new). Changed description as name of field “OFST430200 Calendar Or Business Days For Transactions” was changed.
  • OFST410950 Has Lock-up For Redemption: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST410952 Lock-up Comment: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST420551 Frequency Of Redemption: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST425500 Has Pre-notice For Redemption: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST425550 Redemption Notice Period: Change of field level: from “Fund” (old) to “Share Class” (new). Changed description as name of field “OFST430200 Calendar Or Business Days For Transactions” was changed.
  • OFST425600 Pre-notice Cut-off For Redemption: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST430100 Cut-off Time For Redemption: Change of field level: from “Fund” (old) to “Share Class” (new)
  • OFST430150 Settlement Period For Redemption: Change of field level: from “Fund” (old) to “Share Class” (new). Changed description as name of field “OFST430200 Calendar Or Business Days For Transactions” was changed.
  • OFST430200 Calender Or Business Days For Transactions: Change of field level: from “Fund” (old) to “Share Class” (new). Field name change from “Calendar Or Business Days For Settlement” (old) to “Calendar Or Business Days For Transactions” (new).
  • OFST452200 Ongoing Charges: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new), changed example, corrected treatment of performance fees as they should not be included into ongoing charges and included reference to ESMA paper about ongoing charges and reference to PRIIP and MiFID II fields.
  • OFST6050XX Country Specific Restrictions: Change of field name from “Country Specific Registration Type” (old) to “Country Specific Restrictions” (new)
  • OFST6102XX Country Representative Name: Updated description as there can be more than one representative per country
  • OFST6107XX Country Paying Agent Name: Updated description as there can be more than one paying agent per country
  • OFST808500 PEA Plan d’Epargne en Actions: Changed field level from “Share Class” to “Fund”

 

Minor Field Changes

Action not necessarily required as it depends on the implementation of openfunds whether an action is required. An example for minor field changes: Enhancements implemented in the openfunds standard like the language tag functionality.

  • OFST001030 LEI Of ManCo: Added field tags: MiFID II data and PRIIP data
  • OFST010110 Legal Fund Name Only: Adjusted field description as requested from UBS.
  • OFST010300 Investment Objective: Added connection to EPT in field description
  • OFST010500 Is Fund Of Funds: Field name change from “Fund Of Funds” (old) to “Is Fund Of Funds” (new).
  • OFST010630 Is Leveraged: Added further explanation to field description
  • OFST010680 Is Fund Targeting Environmental Or Social Objectives (EOS): Field name change from “Is Fund Ethical Socially Responsible” (old) to “Is Fund Targeting Environmental Or Social Objectives (EOS)” (new) plus clarified description.
  • OFST020060 Full Share Class Name: Included reference to EPT and EMT fields in description.
  • OFST020540 Share Class Currency: Included reference to EPT and EMT fields in description.
  • OFST020560 Share Class Launch Date: Added linked field to “OFST010240 Fund Launch Date” plus enhanced description.
  • OFST020600 Is RDR Compliant: Changed description to make clear that this is a UK related field. Added linked field OFST6030GB.
  • OFST024000 SRRI: Included reference to EMT fields in description.
  • OFST062030 Market Identifier Code: Changed description and values as URL to codes was changed.
  • OFST160039 Is EU Directive Relevant: Enhanced description by including AIFM as a criteria for value = “yes”.
  • OFST160150 Home Country Legal Type Of Found: Added further explanation to field description
  • OFST350000 MiFID Securities Classification: Enhanced description for complex products (market target) or comprehension alert (PRIIPs) plus added reference to PRIIP fields.
  • OFST400240 Currency Of Subscription: Added further explanation to field description
  • OFST405510 Subscription Notice Period: Changed description as name of field “OFST430200 Calendar Or Business Days For Transactions” was changed and added comment about subscription documents.
  • OFST410600 Pre-Payment Days For Subscription: Changed description as name of field “OFST430200 Calendar Or Business Days For Transactions” was changed.
  • OFST420240 Currency Of Redemption: Added further explanation to field description
  • OFST451020 Performance Fee Applied: Changed description as the performance fee can be negative, changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new), changed example and included reference to EPT and EMT fields in description.
  • OFST451030 Performance Fee Maximum: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST451310 Subscription Fee Minimum: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST451320 Subscription Fee Maximum: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new), changed example and included reference to EPT and EMT fields in description.
  • OFST451340 Subscription Fee In Favour Of Fund: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new), changed example and included reference to EPT and EMT fields in description.
  • OFST451380 Germany Front Load: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST451390 Has Contingent Deferred Sales Charge Fee: Corrected data type to “boolean”.
  • OFST451410 Redemption Fee Minimum: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST451420 Redemption Fee Maximum: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new), changed example and included reference to EPT and EMT fields in description.
  • OFST451440 Redemption Fee In Favour Of Fund: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new), changed example and included reference to EPT and EMT fields in description.
  • OFST452000 Management Fee Applied: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new), changed example and included reference to MiFID II fields in description. Further adjusted description text regarding MiFID/PRIIP regulations and according to new field OFST023150 Ex-post Management Fee Applied As Percentage.
  • OFST452010 Management Fee Maximum: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST452015 All-in Fee Maximum: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST452017 All-in Fee Applied: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST452100 TER Excluding Performance Fee: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST452120 TER Including Performance Fee: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST454160 Distribution Fee: Changed values from “rounded to 7 digits” (old) to “rounded to maximal 7 digits” (new) and changed example.
  • OFST600000 Country ISO Code (ALPHA-2): Added link to White Paper into description.
  • OFST600001 Country ISO Code (ALPHA-3): Added link to White Paper into description.
  • OFST600010 Country Name: Added link to White Paper into description.
  • OFST809015 Has UK Reporting Status: Updated description so that UK domiciled funds will default to yes
  • OFST809020 UK Reporting Status Valid From: Adjusted field description as Has UK Reporting Status will default to “yes” fo UK-domiciled funds: “In case the fund is domiciled in the UK please fill in the fund’s OFST010240 Launch Date instead.”
  • OFST809050 Has UK Confirmation Of Excess Amount: Changed field name from “UK Confirmation Of Excess Amount” (old) to “Has UK Confirmation Of Excess Amount” (new)

 

Informative Field Changes

No action required. Typically changes in field descriptions in order to clarify the use or the meaning of an openfunds field.

  • OFST001020 ManCo: Added reference to EPT and EMT in field description and added text to Values.
  • OFST010010 Fund Domicile Alpha-2: Corrected typo in values from “county” (old) to “country” (new)
  • OFST010011 Fund Domicile Alpha-3: Corrected typo in values from “county” (old) to “country” (new)
  • OFST020558 Subscription Period Start Date: Enhanced description.
  • OFST160100 Legal Form: Corrected typo in example from “Contractual fund” (old) to “Contractual Fund” (new)
  • OFST160110 National Nomenclature Of Legal Form: Added “ICAV” as a sub value of “OEIC”
  • OFST350100 EFAMA Main EFC Category: Corrected typo (=double space) in Values from … / “Multi-Asset” / … (old) to … / “Multi-Asset” / … (new)
  • OFST400200 Subscription Category: Corrected typo in description and also clarify how to proceed for share classes without any minimal subscription.
  • OFST400220 Minimal Initial Subscription In Shares: Enhanced description in order to clarify how to proceed for share classes without any minimal subscription.
  • OFST400230 Minimal Initial Subscription In Amount: Corrected typo in description from “… of a curreny unit.” (old) to “… of a currency unit.” (new)
  • OFST401002 Pricing Methodology: Removed full stop “.” at the end of URL in description as this might cause corrupted links within some browsers.
  • OFST401003 Single Pricing Type: Removed colon “:” at the end of URL in Description as this might cause corrupted links.
  • OFST405600 Pre-notice Cut-off For Subscription: Corrected typo in description from “appropiate” (old) to “appropriate” (new).
  • OFST425600 Pre-notice Cut-off For Redemption: Corrected typo in description from “appropiate” (old) to “appropriate” (new).
  • OFST451000 Has Performance Fee: Added EPT reference to description.
  • OFST6030XX Country Legal Registration: Corrected typo in description from “… were the share class is …” (old) to “… where the share class is …” (new)
  • OFST808008 Has Swiss Tax Reporting: Clarified description.

 

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