Conceptional data models are an essential requirement for the development of databases and applications, in particular in the field of asset and risk management. Numerous connotations and relationships in this specialist field must be recorded, defined and mapped uniformly. These databases and applications can subsequently be used to carry out analyses and draft IT system architectures.

In this field, ECOFIN has developed two extensive data models:

• The Financial Instruments Data Model (FIDM™) for the comprehensive description of all types of financial instrument
• The Middle Office Data Model (MODM) for the description of position management and the internal organization of a financial service provider

The ECOFIN data models are continuously being developed and kept up to date.
All data models are expressed in a standardized language, thereby enabling corresponding databases and access procedures to be generated automatically, e.g. using web-technologies.

Customers for these data models and software products include banks, portfolio managers, data vendors, stock exchanges, clearing houses and insurance companies in Switzerland, Europe and the USA.