One standardized message interface / VP Securities

One standardized message interface

While the globalization of markets continue steadily, Financial Market participants are struggling to maintain all the different technical connections and ways to communicate with their counterparties.

In order for our clients to benefit from an easy accessible market infrastructure, VP SECURITES has chosen to implement the latest ISO 20022 standards to all of its business processes.

/~/media/D65DF4049A814A9A93AAD1F31AD9EFCA.ashx?w=453

Benefits for the market

  • Easy access via a standardized ISO 20022 interface 
  • Full transparency of message formats via documentation on SWIFT MyStandards 
  • Increased efficiency in communication with ISO 20022 messages, minimizing redundant information 
  • Minimize your costs for communication with VP SECURITIES using ISO 20022

Read more

VP is about to develop an interface for communication in ISO 20022 in several steps, where Corporate Action was the first of seven steps, which was completed on 21 September 2015. All seven steps and a full operational ISO 20022 interface will be developed and implemented in due time for VP’s connection to TARGET2-Securities (T2S) for settlement of securities in DKK in 2018.

VP SECURITIES will join T2S with EUR in 2016 and DKK in 2018. Since all communication with T2S will be conducted in ISO 20022, VP has decided to develop a fully functional ISO 20022 interface for all business areas.

VP is involved in several different working groups with SWIFT, and has co-signed the “ISO 20022 Harmonization Charter for the Financial Industry”, published during SIBOS 2015.