Third Party Identifier Update

Licensed Data Release Notes

Originally Published February 7, 2018
Updated April 25, 2018

In February, Morningstar announced changes to the distribution of third party security identifiers (CUSIP, ISIN and SEDOL) for equities and managed investments in its Data feed and API products. We understand that the removal of these identifiers and the processing of separate mapping files for appropriately licensed clients could be a significant undertaking and appreciate the feedback that has been shared. In an effort to minimize the disruption to our clients’ processes, we have modified our approach. In general, clients licensed with both S&P and the London Stock Exchange will now continue to process the feeds (with all identifiers included) in their standard FTP locations. Clients licensed only with either S&P or the London Stock Exchange (or neither) will process separate files with the identifiers removed, from new FTP paths. All clients will need to review your licenses for S&P’s CGS (CUSIP, CINS, and ISIN) and the London Stock Exchange (SEDOL) with your Relationship Manager.

If you are licensed to this data, please connect with your Morningstar relationship manager to provide them the name, email, location and phone number of the third party data procurement contact at your firm. Morningstar will then validate your license with the appropriate vendor.
If you would like to be licensed to this data, your relationship manager can provide contacts for each vendor.
If you are not licensed with S&P and/or the LSE, and do not use this data, you should ensure that the absence of these identifiers after July 31^st will not disrupt your processes.

Fund Datafeeds:

Data feed clients will be provided with a version of the same files, though CUSIP, ISIN and SEDOL will be removed. These files will follow the same existing schema, and contain the same file names, but will post to a new FTP location. The attached spreadsheet provides the impacted x-paths that contain CUSIP, ISIN or SEDOL data within the Fund data feeds. The second tab (FTP Paths) provides the existing FTP paths of impacted packages, along with the corresponding newly created FTP paths for those clients that do not license this 3^rd party data. Clients that do not license SEDOL data will need to migrate to the folder paths indicated in Column G (_v2 folder paths), and clients that do not license CUSIP, ISIN & SEDOL will need to migrate to the folder paths indicated in Column H (_v3 folder paths) by July 31, 2018. Your Relationship Manager will assist with permissioning the correct folder paths to your account once licensing has been verified. Data feed clients only licensed with the LSE, but not S&P, will be provided mapping files allowing for mapping between a Morningstar identifier and the SEDOL data.

Fund API Center:

Fund API clients will continue to see no disruption, but if you are not licensed, you should ensure that the absence of these identifiers after July 31^st will not disrupt your processes. For those clients not licensed with LSE and/or S&P, the API’s will be accessed in the same way, however the applicable identifiers will not populate after the effective date. For those clients who have built custom feeds, the column will still appear, but data will not populate.

Equity Datafeeds – list of impacted files here

Morningstar will require clients who are not licensed to third party identifiers (CUSIP, SEDOL, and to some extent, ISIN based CUSIPs) to move to a new file by July 31, 2018. This file will be the exact format and of the current files, but in a different folder location and will have the aforementioned identifiers removed. For clients who are licensed to CUSIP but not SEDOL, the new file will be the exact format and of the current files, but in a different folder location and will have just SEDOL removed. Clients who are licensed to SEDOL but not CUSIP will move to the file with no third party identifiers and will also have a mapping file to SEDOL. The new files will be available for testing in May.

Equity API – list of impacted catalogs here

Morningstar will remove access to clients that are not licensed to third party identifiers (CUSIP, SEDOL, and to some extent, ISIN based CUSIPs) on July 31, 2018.

By July 31, 2018, only clients who are not licensed must cease programming to these third party identifiers (if unlicensed and using the datapoints) as access to these datapoints will be removed. Clients who are licensed will see no change in service.

Equity Warehouse

CUSIP, ISIN and SEDOL can be found in the BasicInfo.zip file within Equity Warehouse. Equity Warehouse clients will be provided with a version of the same files, though CUSIP, ISIN and SEDOL will be removed. These files will follow the same existing schema, and contain the same file names, but will post to a new FTP location, and may require use of new FTP login credentials. Clients that do not license SEDOL data will need to migrate to a new folder paths and process files with the SEDOL removed, and clients that do not license CUSIP, ISIN & SEDOL will need to migrate to a separate folder path to process files with all 3 identifiers removed. Additional details will follow on the new FTP paths and login credentials.

Essentials

Morningstar will remove CUSIP and CUSIP-based ISINs from the Essentials website and Essentials FTP files on July 31, 2018, in advance of making July month-end data available. In most instances, these identifiers will be replaced on the site and in feed files by the Morningstar Security Id (SecId), a unique identifier available for every fund share class. If you currently use CUSIPs to map Essentials data into your system(s), you will be impacted by this change.

Clients that are licensed for CUSIP can be provided access to Essentials data through API if needed. If you are interested in API delivery, or if you have any other questions or concerns in advance of this release, please reach out to your relationship manager.

Please contact your Relationship Manager with any questions.