The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Euroclear Receives Approval for Creation of New Set of ISO 20022 Messages

Euroclear has received approval from the ISO 20022 registration bodies for the creation of a new set of ISO 20022 messages to be used throughout the global capital markets. According to the firm, it is the first set of approved ISO 20022 messages developed by an organisation operating in the securities industry other than Swift.

Starting in 2010, the new messages will be used by central securities depositories (CSDs) and issuer appointed agents to communicate both corporate action information and instructions between them, says Euroclear. Edwin De Pauw, director and head of market harmonisation and communication at Euroclear, reckons the move fits with the current requirements of the market: “Moving to ISO 20022 standards for corporate action communications between CSDs and issuer agents is in line with the Group of 30 and Giovannini Group recommendations covering Barriers 1 and 3.”

He continues: “It also supports the work done by the Barrier 3 Corporate Actions Joint Working Group in encouraging the adoption of ISO 20022 as the communications protocol to enable greater automation and more timely corporate action information flows.”

The CSD operator claims that the main benefit of using these standards is greater STP opportunities from issuers through to end investors, resulting in faster access to relevant corporate action information from which investors can take appropriate decisions on securities holdings.

Jean-Marie Eloy, manager of the ISO 20022 Registration Authority, comments: “Euroclear is supporting the convergence to ISO 20022 from two critical angles: helping to develop the ISO 20022 message portfolio which now includes 198 messages and acting as a catalyst for the adoption of ISO 20022 messages by an important industry segment. Gaining the support of global market infrastructures such as Euroclear is key to the success of the standard.”

Related content

WEBINAR

Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...

BLOG

GLEIF Moves LEI Uses Cases on from Regulatory Compliance to Digital Identity Products

The Global Legal Entity Identifier Foundation (GLEIF) is extending use cases of the LEI beyond regulatory reporting to solutions initially including digital certificates. The first commercial demonstration of LEIs embedded within digital certificates has been made by the China Financial Certification Authority (CFCA), which has also signed up as a validation agent within the global...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Dealing with Reality – How to Ensure Data Quality in the Changing Entity Identifier Landscape

“The Global LEI will be a marathon, not a sprint” is a phrase heard more than once during our series of Hot Topic webinars that’s charted the emergence of a standard identifier for entity data. Doubtless, it will be heard again. But if we’re not exactly sprinting, we are moving pretty swiftly. Every time I...