ISO 20022-2:2007

Financial services -- UNIversal Financial Industry message scheme -- Part 2: Roles and responsibilities of the registration bodies

ISO 20022-2:2007 specifies the responsibilities of the bodies involved in the registration and maintenance of the ISO 20022 Repository. The Registration Authority (RA) is the operating authority responsible for the above-mentioned tasks and is assisted by different Standards Evaluation Groups (SEGs), i.e. groups of industry experts responsible for specific Business Areas of the Repository. The Registration Management Group (RMG) is the governing body of the overall registration process and the appeal body for the communities of users, the RA, the SEGs and the Submitting Organizations, and monitors the registration process performance.

General information

  • Current status : Withdrawn
    Publication date : 2007-04
  • Edition : 2
  • :
    ISO/TC 68
    Financial services
  • 03.060
    Finances. Banking. Monetary systems. Insurance

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By Peter Potgieser on
Financial services messaging - Business benefits boosted by interoperability
In simple terms, “trade” is the exchange of goods and services from a supplier to a buyer. The resulting debt of the buyer is assumed to be compensated using a payment, taken care of by one (or more) bank(s). This scenario is depicted in Figure 1.

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