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TBG 5 Plenary
TBG 5 Plenary Scope & Purpose
The purpose of TBG5 is to deliver solutions and standards that lead to the
simplification of international trade. With finance forming an integral and vital part
of many trade transactions the group is widely consulted by the other industry vertical
domains under the UN/CEFACT umbrella who are pursuing similar goals.
TBG5 is becoming more Corporate orientated and broadening out its membership to attract
other industry vertical groupings, making TBG5 the focal forum allowing banks,
corporates and others to collaborate on standards issues. It is hoped that this will
create economies of scale and mitigate the need for so many ad-hoc groupings which so
often can dilute resources and slow progress. The key points differentiating TBG5 are:
The Corporate Reference Group is
exceptional in the standards space in that few other internationally recognised
groups bring together such a wide cross section of multi-national corporates
and banks.
The Corporate UN/EDIFACT messages are a valued source of
documentation which encapsulates business process and market practice maintaining
these and facilitating the migration to newer standards is vital.
The role unifying the technological and the methodological
standards used in the finance domain to interoperate and align with international
trade domain standards, notably ISO15000 (ebXML).
Scope to address security issues relevant to the finance
industry from a business domain perspective and collaborate with the work of TC68
Sub Committee 2, ISO/IEC Joint Technical Committee one and other groups such as
the Object Management Group Finance domain task force.
TBG5's Office