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ISO 20022
Universal financial industry message scheme

FX Standards Evaluation Group

Scope of the FX SEG

The scope of the FX SEG includes the messages supporting transactions and business processes related to the following non-exhaustive list of currency contracts:

  • Spot FX
  • Forward FX (including non-deliverable trades)
  • FX swaps
  • Currency options (vanilla as well as exotic)

Business areas include

  • Pre-trade (Indications Of Interests, quotes, etc.)
  • Trade (ordering, executions, allocations, affirmations, etc.)
  • Post-trade (confirmations, matching, assignment, novations, etc.)
  • Notification of trades to third-parties
  • Trigger events, option exercises
  • Clearing and settlement (including netting and related reporting)
  • Trade reporting and reconciliation

Actors involved include

  • Investment managers and hedge funds
  • Dealers (currency market makers)
  • Custodians
  • Money brokers
  • CLS and CLS settlement members (dealers)
  • Trading portals and matching services providers
  • Associations providing rules and master agreements (e.g. ICOM and ISDA agreements)
  • Application providers

SEG leadership team

  • Convenor: Mr. Zaiyue Xu
  • Vice convenor: Mr. Stuart Buckley
  • Secretary: Mr. Joe Halberstadt
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