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UN/ECE - P3. Finance Core Components
Project leader: Stig Korsgaard ( STK@Finansraadet.dk)

1. Objectives

    1.1 Purpose

    The purpose of the project is to develop Core Components for documenting the business data in financial messages, their context and data structure.

    1.2 Scope

    The scope for this project and the area of financial business data to be covered includes data in the complete cycle of payment, advice and statement creation and handling between customers of financial institutions, the financial institutions and their agents. It includes domestic and international environments, mass and single payment (credit transfers and direct debits), all means/types of payment.


2. Deliverables

The deliverables from the project are:

  • A catalogue of Financial Core Components.
  • Input to the Global Core Components Library Project based on a financial perspective.


3. Functional Expertise of Membership

The project team is a group of experts with a balanced profile of skills and expertise in information analysis, knowledge of financial business data and in the presentation and documentation of technical material, either individually or collectively as a group.


4. Geographical Focus

The focus is global and cross-sectorial within the functional area of financial business data. Each UN/CEFACT head of delegation may designate one or more experts to the project team. In doing so, they may delegate this task to one or more organizations, which may be national, regional or international. Experts are expected to contribute to the work based solely on their expertise.

Note: It is understood that current EWG/SWG/D6 Finance members, who indicates so, will be grandfathered in.


5. Initial Contributions

The following contributions are submitted as part of this proposal. It is understood that these are only for consideration by the project team and that other participants may submit their own contributions in order to ensure the gathering of as much information as possible from those with expertise and a material interest in the project but at the same time allow diverse voices to comment on the details of the projects and ensures that no single organization can dominate the process:

  • SWIFT Standards and data dictionary on Core Components.
  • SWG D6 Finance EDIFACT FEDI MIGs.
  • A number of national catalogues on financial business data definitions and core components.


Statement of resource requirements

Participants in the project shall provide resources for their own participation. The existence and functioning of the project shall not require any additional resources from the UN/ECE secretariat.




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