TPT Files - Solvency II Tripartite Template

Context

Under Solvency II, insurers have a 'know your assets' requirement event if held indirectly through Collective Investment Undertakings (CIUs). This look-through approach is necessary to compute market SCR and for the production of the QRT regulatory reportings.

This is also true for assets managers who should collect look-through data for their Fund of funds.

Club Ampere association had worked for a standard exchange format focused on the solvency 2 look through needs. This format has been approved by the AFG, BVI and IMA associations and therefore has been named the tripartite format or TPT format. Since then, he was approved by many european funds associations and by the EFAMA.

An exchange need also exist for the EPT files (European PRIIPS Template), the EMT files (European MIFID Template) and the EET files (European ESG Template). This platform allows the exchange of those two formats. Here is the the link to the EPT exchange platform and EMT exchange platform.

Solution

• The management company defines the format, frequency of publication and other contextuel data, then it uploads the files to the platform
• The insurer subscribe to the document
• The management company approves the subscription
• The insurer has access to the data.

We don't interfer with the relationship between the management company and its customer. Any contract (like NDA) or regulatory aspect should be handled outside the platform.

Benefits for assets managers :

• Make your solvency 2 data distribution efficient and secure
• Keep full control of who can access your data
• Access data for your FoFs

Benefits for subscribers :

• Centralized data collection from distinct management companies
• Be on time: Keep track of expected data and delivery dates
• Validation and control
• Use the format that suits your need and automate FTP/sFTP or email processing
• ...

Architecture

The Fund KIS Disclose Service has been designed from the start to allow controlled confidential data sharing: only approved subscribers can have access to confidential data.

The Fund KIS Disclose Service is used daily for the publication of fund factsheets, KIID and prospectus : each month, thousands of files go through our platform

Our architecture provides security and unmatched scalability

Cost

For data to be exchanged between two entities. One at least need to be a customer. This principle allows several situations

The basic service is provided free of charge. It allows:

• Donwload TPT files of our clients (pull mode)
• Configure your FTP/sFTP server or emails and subscribe to asset management companies. Their files will be automatically sent to you (push mode)
• Customize the TPT format: separtors and other...
• Publish TPT files that our customers can collect

The other advanced features are only available for service subscribers. Please contact us for more details.

Legal concerns

Any data exchange is covered by at least one contractual relationship that garanties to the other part quality, security and confidance expected for the exchange of such data.

Particpants (that are not customers) had no obligation and can stop using the platform at anytime. They can ask us to delete their account at any time.