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RIXML SCENARIOS

Please choose a scenario from the list below.

Multi-Language Publication
Scenario:

A document is published on Monday, then French, German, and Japanese translations of that document are published on the following Wednesday.

Problem:

These documents are published separately and there is no way to indicate that the translations are related to the original document.

RIXML solution:

Each product captures an entire research concept regardless of language or format.

Multiple resources can comprise a product and each resource can state their format and language.

In this scenario, on Wednesday a product will be published with the same productID as it’s previous incarnation. It will contain multiple resources (each with a unique resourceID) and each resource will indicate it’s language.

Region & Country Search
Scenario:

An economist wants to find macro economic research on individual Latin American countries, not an overview on the region or a sector report that discusses Argentina.

An analyst at the same firm wants to find a sector overview of the oil industry in Latin America, not company reports on oil companies in Brazil and Chile.

Problem:

There is no consistency on how countries and regions are to be coded.

There is no way to indicate that one report is primarily about a country and another report is primarily about a region.

Many reports are published with no relevant regions or countries.

RIXML solution:

We have the concept of ProductFocus. With ProductFocus we have the ability to indicate the primary focus of the content.

RIXML standard defines when to code a report a region report vs. when to code it a country report.

This gives a publisher the ability to code something as primarily an industry report, but mentioning a few countries/regions, or to code it as region report that mentions a few countries, industries, and companies.

Also, RIXML has standardized on a region classification.

Analyst & Team Publishing
Scenario:

A sell-side analyst publishes research as an individual and also as part of a team. Some consumers want to see all research by this person, some want to see just the team research, and some want to see all except the team research.

Problem:

While it is possible to code research by a team with the names of the individual team members, it is not possible to indicate whether the team or the individual is the primary author.

RIXML solution:

With RIXML all persons can be associated with a team as Team members.

The primary author(s) can be defined. A team can be a primary author.

Also, for purposes of display, the sequence in which authors should appear can be defined.

Detailed Industry Search
Scenario

A new analyst wants to find models for companies in the soft drink industry and "industry primers" on the broader beverage industry.

Problem:

Models/Industry primers are not always clearly tagged.

Granularity of tagging does not currently exist at the sub-industry level, e.g.: "soft drinks"

RIXML solution:

Robust, standardized manner to identify the true focus of the product.

Research providers can build the infrastructure to code documents accurately, and vendors can provide the ability to search for research in a sophisticated manner

Standardized sector/industry tree structure to find just the research they need.

The user can query for models specifically in the "soft drink" industry, but anyone searching more broadly could also retrieve the model.

Specialized Industry Topics
Scenario:

Broker produces specialized research on in-depth technology industries, e.g.: B-to-B, Wireless Networking, and Satellite Companies. Need to tag with these specialized industry names to ensure that clients who are interested in these industries are able to find them.

Problem:

Current vendor pick lists do not reflect these specialized "publisher-defined" industries. This leads to over-indexing or not coding the report with any industry at all.

RIXML solution:

Reports can be coded with a publisher-defined industry name in addition to the most applicable GICS industry code.

Earnings Alert — Wireless Notification
Scenario:

A firm wants their analysts and portfolio managers to be alerted via a wireless device when there is a earnings announcement on a company in the analyst/portfolio manager's universe.

Problem:

There is currently no way to include a consensus and actual estimate figure so that the difference can be calculated.

There is currently no way to include a brief summary of a report that would be suitable for transmission to a wireless device.

RIXML solution:

An earnings announcement can be indicated as the subject of a product allowing programmatic delivery of content.

Content abstracts and synopsis’ can be used to deliver condensed versions or highlights of a product to a wireless device by the consumer.

Every financial value can indicate whether it is actual or estimated, both the previously estimated and the actual can be published.

Co-mingled Internal & External Content
Scenario:

An asset management firm would like to create a page on their intranet integrating internal information with external information from various sources.

Problem:

Integrating multiple internal data sources with multiple external data sources requires building multiple maps, data storage solutions, different ways of searching, etc.

RIXML solution:

Asset management firms can adopt the same standardized way to code research information as is used by brokers and data providers, reducing the maintenance required and increasing the usability of an intranet.

Asset management firms can decide how best to combine this information, either storing information in-house, integrating third-party vendor sources, or a combination.

Co-Mingling Fixed Income Research Into RIXML Specification
Scenario:

An asset management firm would like to search for fixed income research that will contain information on investment grade, high yield and other types related to fixed income securities.

Problem:

Problem: Explore what needs to be done to extend the RIXML specification so it can incorporate all types of fixed income research and remain relevant with each local market. The scale of this undertaking necessitates breaking it into a series of phased projects. Phase I will examine global corporate fixed income research, i.e., investment grade, high yield, etc.

RIXML solution:

RIXML solution: Determine the business requirements by examining the buy-side’s use of corporate fixed income research. Identify their informational and metadata needs.

Identify and modify part/parts of the RIXML structure to accommodate these business requirements.

Publish the RIXML schema for corporate fixed income research.

Separately, examine the broader global fixed income research product offerings and identify other sectors and research categories to include in future releases of the RIXML structure.

Globalization/Localization
Problem:

Problem: Explore what needs to be done to extend the RIXML specification to address the different standards around the world including time/date/number formats and accounting measures, such as the use of goodwill in valuing French companies, or the common expression of pre-exceptional figures in Asia

RIXML solution:

RIXML solution: Ensure the current and future RIXML specifications are compliant with the global requirements for the use of investment research and remain relevant within each local market.

Integrating Financial Data
Scenario:

An asset management firm would like to search for specific forecasted financial results.

Problem:

Problem: Explore what needs to be done to extend the RIXML specification so it can incorporate financial data in a manner that leverages the work of other standards bodies. XBRL is a language for reporting financial results, both historical and forecasted and MDDL is a language for reporting stock price information.

RIXML solution:

RIXML solution: RIXML did a survey of the existing standards bodies and the state of their standards work to decide whether to expand on the financial data fields contained in version 1.0 of RIXML or to rely on the related standards groups.

Based on this survey, RIXML determined that the other standards bodies are making considerable progress in representing financial data but were not stable enough and did not have sufficient adoption to incorporate into version 2.0 of RIXML.

RIXML anticipates that XBRL and MDDL will be incorporated into RIXML documents in a future release.

Displaying Telecom Conferences
Scenario:

An asset management firm would like to create a page on their intranet to list all upcoming telecom conferences, along with their agendas.

Problem:

Problem: Event notifications are generally not tagged as events, not tagged as being in the telecom industry, or both.

RIXML solution:

RIXML solution: RIXML allows for many types of information to be coded in the same fashion. Event notifications will contain the same tagging requirements as research reports. This allows for regions, sectors, etc. to be indicated.