FX Standards Evaluation Group (SEG)

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)

The 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

The 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

Click here to access the list of ISO 20022 messages approved by the FX SEG

FX SEG Member list

Convenor: Mr. Ludy Limburg
Vice convenor: Mr. Tony Smith
Secretary: vacant