Imported from previous forum
I represent Oracle HRMS Development at the hr-xml (http://www.hr-xml.org) Consortium. This forum exists to define data exchange in the HR space. A new work group is looking at a Stock Option interface. I don’t know what boundaries if any are crossed that impinges with the work you guys are doing, perhaps you can advise.
The scope of the project is to define an interface which could be used between a bank / broker and an employer to exchange stock option data. To attract and retain employees, many employers reward their employees with stock options. The administration of stock option programs, including the exercising of stock options, is not usually handled by the employer, but by a bank / broker. Data required by a bank / broker from an employer to administer a stock option program include:
· Award data (award attributes, Grant details, Vesting details, etc.); and
· Participant data
In return, the employer needs information from the bank about the exercising and selling of stock options.
Bill