CDD – FGR_PRIME

Disclosure/Acknowledgment in
Ratings Hub

As Of: 9 Feb 2015

For Internal Use Only—Not For External Distribution

This document is the property of Standard & Poor’s. It contains proprietary and confidential
information and is for internal use only by Standard & Poor’s employees. This document shall not be
shown or provided to anyone other than Standard & Poor’s employees.
 CIQ SDM, T & C CIQ R2P Feed
RPM/RAMP Online/CORE Replicate from
UI(PB)/WFM SPREF(Util, Pre Adj ARROWPRD/CGSODSPR
(Preview) FGR & IA CIQ S&P.COM
Corp) Corp Adj Fins
Bulk Jobs (No Preview) DISCLOSURE PORTLET
JTM
FGR_PRIME Broadcast
Alerts
CGSPROD
UK Ins
IRSDB(Insurance)
RAD
in RH to IPD Timing Rep
RECOPROD(Default HUGINMDR (CDS Spread, Z-
&Reco) scores)
FGR_PRIME
Service Layer/API
RATINGS HUB IPD
RepTnT FGR FGR
RATING RATING Product Schemas
RepTnT Package DETAILS DETAILS
CORE Product 1
Entity/ Entity/
GCP
FGR_PUT(without Instruments Instruments
Derivation CORE derivations) Articles
REPTnT Entitlement Mask Articles RX
REPTNT Setting
Package PRE_ACTIONS Product 2 to 30
RD Status PRE_ACTIONS
Orgs Sector/Sub-Sector GDS
Ratings Data Securities GENERAL
Mapping GENERAL ACTIONS
Rating Actions Rating Search ACTIONS Others
Rated/Unrated Others
Extend Tables Securities Others
To include Rated/Unrated
DERIVATION Articles
SFI
Eg
RAT_DTL_PUT PUT MSG
Acknowledge Status SPAPP
Derivation _MSG TABLES
DEPARTMENTS
With DERIV
COUNTRIES
SPCOM
Derivation Disclosure OTHERS
· IPD LINX Trg Monitor
· Product
· RepTnt FGR_PUT Replication to FGR and FGR’ FGR_PRIME
WITH DERIV
Derivations(i SPAPP Acknowledge Status INSTR DETL
CORE->SPAPP DEPARTMENTS Migrated Products
f any) Reference Master Ref Process
COUNTRIES General Actions
Data
OTHERS FGR_PRIME
DERIVATION Rating Details Migrated Product 1
AFFECTED ONLY
Single Line Deriv
INSTR DETL
SFI Entity/
Instruments MASTERREF
General Migrated Product
Org/Security
LINX MASTER_REF Actions Articles 2….30
Rated/
Org ONLY Unrated
Rating Details PRE_ACTIONS
SFITNT

SFSS Singe Line

Deriv Migrated SDL

CMP Org Only

CMP
For Internal Use Only—Not for External Distribution
Securities
This document contains proprietary and confidential information and is for Standard & Poor’s employees.
2.
 Disclosure – Acknowledgement FGR_PRIME Principles

• One Disclosure and Acknowledgement on both FGR (V1.0) and

FGR_PRIME(V2.0)

• Rating Data has to reach IPD on both Paths at same time*

For Internal Use Only—Not for External Distribution

This document contains proprietary and confidential information and is for Standard & Poor’s employees.
3.
 Current High Level Process
CORE
REPTNT
IPD
cp_ident_put_msg_tbl credit_enh_put_msg_tbl
doa_put_msg_tbl entity_analysts_put_msg_tbl
Updates IPD Status FGR
entity_identifier_put_msg_tbl entity_name_put_msg_tbl
Releases to
Entity_put_msg_tbl entity_rel_put_msg_tbl Extend to FGR_PRIME
Product
Entity_type_put_msg_tbl instr_attrib_put_msg_tbl
5 Second DBMS
Instr_detail_put_msg_tbl instr_part_put_msg_tbl
JOB
Instr_put_msg_tbl published_names_put_msg_tbl Golden Gate Replication
FGR_PRIME
Rating_detail_put_msg_tbl rrq_put_msg_tbl
Serv_cor_put_msg_tbl serv_cot_put_msg_tbl

Set Ack Flag

Golden Gate Replication

RDSH
FGR
REPTNT General
Acknowledged FGR_PRIME SLD
Same table Actions
list Actions Ready for
Rating Ratings
Rating Details SLD replication Job
Msg Poller Rating Details Regulatory Validates Ind
Qualifier Actions are ack
Pre_actions, load_queue
Disclosure
New/Rev Rating Actions Gcpetl.cmp_load_queue
Monitor Single RA per call
SRD Status Updates to SRD Status
Latest Disclosed Actions

Latest Acknowledge Actions

SPCOM
Rating Actions Newly Acknowledgement
Action_disclosure_Audit Sp_ack_audit DBMS Job
Displayed DBMS Job

Database

External Process

Schema

Color
ForLegend
Internal Use Only—Not for External Distribution

This document contains proprietary and confidential information and is for Standard & Poor’s employees.
4.
 Derivations : Need to Acknowledge FGR_PRIME rating data

• Drive of DICLOSURE_EVENT in FGR_PRIME similar to general_actions

• Per DSO, ratings actions need to sent across to IPD and not necessarily wait for Single Line
Display (Triple/Quad)

• With CDD tables like RATINGS will become obsolete, and will not exist in FGR_PRIME. And they
contain triple component. General Actions will only have Reference data and not ratings records
__________________________________________________________________________________

Next phase of Acknowledgement changes

• TBD - S&P.com adopts derivations. Disclosure/Acknowledgement runs out of FGR_PRIME

• TBD - Modify disclosure process view SPCOM.DIS_DISCLOSURE_ACTIONS to run out of
FGR_PRIME.DISCLOSURE_EVENT.
• Future: Combine disclosure and acknowledgement in one process. Con – only one action
at a time can be done, potential slowness.

For Internal Use Only—Not for External Distribution

This document contains proprietary and confidential information and is for Standard & Poor’s employees.
5.
 Appendix: Technical Details of Acknowledgement process in RDSH
Current SRD STATUS Detail Flow

FGR.FGR_JOBS.update_rating_ack_status
DBMS JOB
Acknowledgement DBMS Job Every 5 Seconds
J1
D1 1

fgr.rd_jobs.maintain_job
SPCOM.P_ACK_ACTIONS

D2
For each Single Rating Action FGR.SRD.AFTER_ACK_PROCESS
2
Update FGR.SRD_STATUS Set
FGR.SRD.P_SP_ACKNOWLEDGE_ACTION ipd_process_ind = 'P',
ipd_upd_date = sysdate where
Update Gen_Actions set
Update FGR.SRD_STATUS Set sp_ack_flag, ipd_process_ind = 'W' and
ack_status. Update
sp_ack_date, sp_pub_flag, sp_ack_flag = 'Y'; J2
SRD_STATUS comments for
sp_pub_date 3 Temp Fix
ipd_ack_date=systimestamp 13
select max(record_id),
min(record_id), max(action_id), Temp Fix update
Insert to sp_ack_audit
min(action_id)from fgr.rating_details set ack_status
fgr.srd_status where = rec0.sp_ack_flag for
5 ipd_process_ind = 'P' ack_status = 'N'
4 11 14
FGR.SRD.UPDATE_ACK_FLAG Get rating_detail_id from Update SRD_STATUS if status is
SRD_Status for ipd_process_ind hold or done based on result
Pick records from FGR.RATINGS for 12
= 'P' from update_ack_flag
rating_detail_id. Make sure all transient/
Comp Ratng(LCS,FCS) if any are also
acknowledged or mark HOLD
6
FGR.SRD.reset_curr_ind_rd
update fgr.rating_details set 7a Take all historical records, rank them and mark
ack_status = 'Y', ack_dt = sysdate for the latest one as current, based on entity. Debt
type, rating group etc
rating_detail_id ack_status = 'N';
7b 10

update fgr.ratings set ack_status = 'Y' FGR.SRD.reset_curr_ind

Take all historical records, rank them and mark FGR.SRD.distribution_notice
8b 8a the latest one as current, based on
rating_id,rating_detail_id, rating type cd &
gcpetl.p_release_ratings_hold(in_rd_id
update fgr.rating_regulatory_qualifier rating Ind , 'R');
set ack_status = 'Y' update fgr.pre_actions set
pa.status_ind = 'W'
update fgr.load_queue
Internal Use Only—Not for External DistributionX10 IF NOT ON HOLD
9
For update gcpetl.cmp_load_queue
update fgr.general_actions set update gcpetl.cmp_load_queue
ack_status = 'Y'
This document contains proprietary and confidential information and is for Standard & Poor’s employees.
6.
 CURRENT DISCLOSURE/ACKNOWLEDGEMENT

Acknowledgement Job
Disclosure Monitor SPCOM.P_ACK_ACTIONS

Read Actions from General

Actions and
Read New/Aff/Rev Actions Action_Disclosure_Audit that are
from FGR.General_Actions but not in SP_ACK_AUDIT
not in Action_Disclosure_Audit

FGR.SRD.P_SP_ACKNOWLEDGE_ACTION

DIS_DISCLOSURE_ACTIONS

RATINGS HUB

FGR.GENERAL_ACTIONS

MINUS
UPDATE ACK FLAG
SPCOM.ACTION_DISCLOSURE_AUDIT
(BA uses this, Only Disclosure updates this)

MINUS(Ack Only)

FGR.SRD_STATUS
SPCOM.SP_ACK_AUDIT Insert Has more columns than ADA,
and multiple process updates

For Internal Use Only—Not for External Distribution

This document contains proprietary and confidential information and is for Standard & Poor’s employees.
7.
 For Internal Use Only—Not for External Distribution

This document contains proprietary and confidential information and is for Standard & Poor’s employees.
8.