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We think processing of hex data can be done already using CHAR data and various built-in functions. If you think something is missing, it might help to provide more specifics describing what your scenario is exactly
..." Reading vendor data with no data conversions needed on HEX fields." ...
Excuse me, but what kind of data conversions are performed if you read "vendor data" into a char fields?
The question is rhetorical...
With all respect, this seems like a totally bogus request!