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Nowadays, one of the most challenging tasks in component-based software development processes is to discover suitable reusable assets that fulfill the requirements of a particular software system under development. In such a context, this paper presents an XML-based asset representation model for describing all kinds of software assets that can be produced or reused within componentbased software development processes. The proposed model is based on asset metadata that provides effective means for developing universal repository systems that can deal with discovery, retrieval and composition of software components.