Soc Gen Adopts ISO 20022 for Funds in France
Strapline: Regulation & Standards
Société Générale Securities Services (SGSS) has completed its adoption of the ISO 20022 standard for its fund activity in France, and says it will now benefit from using messages that have been created specifically for funds rather than adapting those that have been designed for trading other instrument types.
The funds industry has been collaborating with Swift, the industry cooperative, since 2002 to create messages using ISO 20022 to automate and standardize the entire funds transaction
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