STP

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STP Complex Migration to Simpler Messaging

Some firms call the adoption of SWIFT’s ISO 15022 necessary but pricey. By

When SWIFT’s ISO 15022 went into general use in November, the industry took a step forward in replacing a messaging protocol that had been in place for more than a decade.

What makes the new standard better than the older ISO 7775 is a central data field dictionary that allows messages to be constructed from reusable data elements. The dictionary means that once data is keyed in

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