Enhanced automation for securities market firms
Local market practices, legacy systems and even commercial strategies continue to present challenges to automation and straight-through processing of securities. MyStandards helps to smooth the transaction lifecycle.
The securities markets are, by nature, complex. There are many instruments, each with its unique characteristics, lifecycle and settlement terms. Add to that local market practices, back office constraints, and commercial considerations, and variations to globally-agreed standards soon multiply – presenting challenges to straight-through processing and automation.
MyStandards cuts through complexity
MyStandards is a collaborative, online platform where you can find all the global standards, counterparty specifications and industry guidance you need, up-to-date and in one place.
For example, use MyStandards to consult all ISO 15022 and 20022 message definitions, view T2S messages usage guidelines, or consult various SMPG templates for both Settlement and Reconciliation and Corporate Actions. You can also publish and manage your own specifications and usage guidelines, and share them internally and with your counterparties, as appropriate.
The benefits for securities markets players
MyStandards gives you the support you need to cut through the complexity of securities markets and instruments and use standards effectively in your business.
- Access global industry standards: the MyStandards repository holds all current and future MT, MX and ISO 20022 financial standards.
- Stay up-to-date with publicly available industry specifications, as well as with guidelines that counterparties publish and share with you via MyStandards.
- Publish, manage and share your own specifications and usage guidelines.
- Speed up implementations – including a more efficient migration to ISO 20022 messages.
- Increase straight-through processing, improve back-office automation and reduce costs.
- Combined with the MyStandards Readiness Portal for online testing, MyStandards facilitates onboarding to new counterparties or markets and reduces implementation errors.