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ISO 20022
Universal financial industry message scheme

Trade Services SEG

Scope of the FX SEG

The scope of the Trade Services SEG includes the messages supporting transactions and business processes related to the following non exhaustive list of products and services of the traditional Trade Finance business and the Financial Supply Chain management.

Business areas include

  • Collections
  • Documentary credits and standby letters of credits
  • Guarantees
  • Open account trading
  • Purchase orders, transport documents, etc. Pre- and post-shipment financing and factoring
  • e-Invoicing / Electronic Bill Presentment and Payment (EBPP)
  • Invoice financing
  • Reconciliation (accounts payable/receivable), remittance data

Actors involved include

  • Private and corporate customers (treasurers)
  • Financial institutions
  • Trade facilitators, e.g. ICC, insurance companies, freight forwarders, carriers, customs, factoring companies
  • Risk management entities
  • Associations providing rules and master agreements (e.g. IFSA, ICC)
  • Application providers

SEG leadership team

  • Convenor: Vacant
    Vice convenor: Vacant
    Secretary: Mr. David Dobbing

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