ISO 20022 message standards

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The financial services industry is moving to ISO 20022 message standards and the market infrastructures and user groups have committed to using the format in both the payments and settlement domains. Central Securities Depositories (CSDs) now supports the use of ISO messages for both the clearing and settlement of European Cross Border transactions. To date Geld Service Austria, Bank of England and ESMA have already opted to use it for regulatory reporting purposes.

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