Securities Market Infrastructures on SWIFT

Supporting more than 120 SMIs on SWIFT with standardised, secure, reliable financial messaging

Securities Market Infrastructures on SWIFT

Securities Market Infrastructures on SWIFT - Highlights

Read how some of the SMIs from across the globe, such as ASX, JASDEC, Euroclear and T2-Securities are benefiting from using SWIFT to securely transport their transactions.

ASX

The Australian Securities Exchange (ASX) is a key SWIFT user in Asia Pacific. ASX’s equity CSD, ASX Settlement (CHESS system) uses SWIFT for payment settlement with the RTGS system.

ASX has also expanded its corporate action notification service to include near real time ISO 20022 format corporate action notifications over SWIFTNet. This initiative also introduced efficiencies to the issuer announcement process and operations, by allowing issuers to input structured information to feed directly into ASX’s internal systems. The benefits and abilities of ISO 20022 to capture more data in a structured format, were among the reasons that ISO20022 was selected for this initiative.

ASX’s debt CSD, Austraclear, uses SWIFT for securities, payment and corporate action MT messages. Austraclear has also implemented a tri-party Collateral Management service, and RMB (Renminbi) payment and securities settlement service using MT messaging over SWIFTNet.

JASDEC

Japan Securities Depository Center (JASDEC) went live with ISO 20022 on SWIFTNet on 6 January 2014, the first major SMI to use the international standard for end-to-end settlement.

Euroclear

Read more about SWIFT”s messaging products and services for Euroclear:


TARGET2-Securities

TARGET2-Securities (T2S) is a European initiative, coordinated by the European Central Bank (ECB), to establish a single platform for the settlement of securities. T2S aims to improve the efficiency and safety of securities settlement by providing harmonised Delivery-versus-Payment (DvP) settlement in central bank money on a real-time gross basis.

For more information on T2S please visit the ECB website.

Read more about SWIFT’s messaging products and services for T2S:

Standards

ISO 20022 for CSDs

Adopting ISO 20022 can bring significant benefits. Ease the transition by drawing upon industry best practice, advice, and market leading tools

Factsheet

SWIFT for CSDs

SWIFT for Central Securities Depositories