The European MIFID Template (or EMT) was created by FinDatEx (Financial Data Exchange) to help facilitate standardized data exchange between product manufacturers and financial intermediaries, to meet the requirements originating from MiFID II (Markets in Financial Instruments Directive II). EMT is a non-compulsory document that applies to structured securities, funds, ETCs and bonds. It contains over 100 data points pertaining to securities’ general financial information, Target Market information and actual and forecasted costs and charges. As the template applies to activities provisioned by MiFID II regarding investor’s protection and transparency, the ICE service is applicable in many use cases: stand-alone proposal of investment products, provision of investment advice and/or portfolio management.
Specifications
Key Features
- EMT files are collected from over 800 asset managers, document availability exceeds 3 million current templates (which rises to over 31 million for historical versions).
- The service outputs a standardized feed with normalized data that is collected only from official and primary sources (EMT documents are provided in mixed formats with heterogeneous metadata).
- By leveraging ICE’s direct channels with manufacturers and its decades-long experience in collecting documents and templates, this solution offers quality data, which is routinely updated and validated, to improve the reliability and consistency of the EMT data.
- EMT data is available via ICE’s web-based “Repository HUB” service, which allows customers to download specific EMT documents and access historical versions (available formats: csv, xml).
Products
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