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Standards, Messaging & Mediation

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Global Custody and Clearing Services

Part of the book series: Finance and Capital Markets Series ((FCMS))

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Abstract

In this chapter we look at messaging and standards. In order to have consistency across the industry, we need standards for the types of communication that are used. The body that oversees those standards is ISO. The current messaging standard is ISO 15022 and the next standards release will be ISO 20022. There are two key implementers of standards — FIX and SWIFT.

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© 2008 Ross K. McGill and Naren J. Patel

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McGill, R., Patel, N. (2008). Standards, Messaging & Mediation. In: Global Custody and Clearing Services. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230592445_13

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