Securities Standards Evaluation Group and Derivatives SubSEG

The scope of the Securities SEG and Derivatives SubSEG includes the messages supporting transactions and business processes related to the following non-exhaustive list of financial instruments:

Scope of the Securities SEG

  • Equities
  • Fixed income
  • Funds

Scope of the Derivatives SubSEG

  • Over-The-Counter (OTC) Derivatives 
  • Listed Derivatives

for the following asset classes: Interest Rate, Credit, Equity, Commodity, FX 

The business areas include:

  • Initiation, pre-trade including RFQ and credit limit check, clearing eligibility and margin quote 
  • Trade, post-trade including post-trade events such as novation, termination, increase, amendment, option events, and external events such as index and basket changes
  • Clearing and settlement
  • Securities management: account opening, standing orders, transaction and account information, advices and statements from account servicing institutions to account owners along the processing chain, queries and investigations
  • Custody: income, corporate actions, proxy voting
  • Collateral management: collateral, repos, securities lending and borrowing
  • Regulatory reporting including real-time and snapshot reporting

The actors/roles involved include:

  • Investment managers, distributors, transfer agents, fund administrators
  • Broker/dealers
  • Stock exchanges, ETC providers, confirmation and execution platforms
  • Regulators
  • Custodians
  • Clearing houses, CCPSs
  • CSDs, ICSDs
  • Market data providers
  • Market Infrastructures
  • Service bureaux

SEG leadership team:

Securities SEG Convenor: Mrs. Axelle Wurmser
Derivatives SubSEG Convenor: Mr. Karel Engelen
Securities SEG Vice Convenor: Mr. Charles-Raymond Boniver
Securities SEG Secretary: Mr. Dominique Forceville

Derivatives SubSEG officers:

SubSEG Convenor: Mr. Karel Engelen
SubSEG Vice Convenor: Mr. Joe Halberstadt
SubSEG Secretary: Ms. Courtney McGuinn