Business Lines

Securities Services & Custody

As a custodian you receive your clients' settlement instructions, report on each one and keep clients informed of every corporate event. The Messaging Hub carries that traffic in ISO 15022 and ISO 20022, in whichever standard each client uses.

Client Settlement Corporate Actions Statements ISO 15022 & ISO 20022

What Operations Deal With

Every client, every market, every event

Securities services operations answer to many clients and many markets at once, and each of them moves to ISO 20022 on its own schedule.

Clients instruct in both standards

Some clients send MT540–MT543, others sese.023. Your custody system should not have to care which one arrived.

Markets are moving to ISO 20022

T2S already runs on ISO 20022. Securities messaging is expected to follow, with corporate actions becoming ISO 20022 only at the European CSDs.

Corporate actions never stop

Each event means notifications to every holder, elections back, payment confirmations and status messages, all of which must reach the right client in the right format.

Clients expect reporting on time

Holdings, transaction and pending statements go out on a fixed schedule, and late or wrong statements are the first thing a client notices.

Scope

Where the Hub stops and your custody system takes over

Handled by the Messaging Hub

Settlement, corporate action and statement messages in ISO 15022 and ISO 20022

Translation per client and per market, both directions

Validation against SWIFT and market usage guidelines

Status messages linked to the original instruction

Routing, archive, full-text search and audit trail

Handled by your custody system

Safekeeping, positions and client accounts

Corporate action entitlements and election processing

Settlement fails management, penalties and claims

Billing and client reporting content

Your custody system keeps producing and consuming the format it knows. The Hub connects to it through its standard connectors.

How Prowide Helps

One hub between your custody system and your clients

ISO 20022 Migration

Each client in its own standard

The Hub translates settlement, corporate action and statement messages between ISO 15022 and ISO 20022 in both directions, so clients and markets can migrate on their own dates.

ISO 20022 Migration →

Standards Compliance

Valid for each market

Messages are validated against SWIFT rules and market usage guidelines, including T2S, before they reach a client or a CSD.

Standards Compliance →

SWIFT Modernization

One archive for all clients

Routing, archive, search and repair for every client's traffic, with data segregation so each team sees only the clients it services.

SWIFT Modernization →

Your Message Flows

Settle, service, report

The flows a securities services team exchanges with its clients and markets, with what the Messaging Hub does for each one out of the box.

Flow	SWIFT MT	ISO 20022	What the Hub does
Settle
Client settlement instructions	MT540 · MT541 · MT542 · MT543	sese.023	Accepted in either standard and translated to the one your custody system uses
Settlement status	MT548	sese.024	Translated to the standard each client uses
Settlement confirmations	MT544 · MT545 · MT546 · MT547	sese.025	Translated to the standard each client uses
Allegements and allegement removals	MT578	sese.028 · sese.029	Translation both ways
Statement of allegements	MT586	semt.019	Translation both ways
Service
Corporate action notifications	MT564 · MT568	seev.031 · seev.038	Translation both ways
Client elections	MT565	seev.033	Translation both ways
Corporate action confirmations and status	MT566 · MT567	seev.036 · seev.032 · seev.034	Translation both ways
Report
Holdings statements	MT535	semt.002	Translation and delivery to clients
Transaction and pending statements	MT536 · MT537	semt.017 · semt.018	Translation and delivery to clients

Instructions and their confirmations (MT540–MT543 against MT544–MT547) can also be matched with the Messaging Hub's matching rules, see Business Matching.

What You Would Use

Products for securities services

On-Premises Platform

Messaging Hub

The operations platform for client and market traffic, between your custody system and the network.

Translations module for settlement, corporate actions and statements

Matching rules for instruction and confirmation pairs

Connectors for your custody system

Explore Messaging Hub →

Java Libraries

Prowide Integrator

Parsing, translation and validation of securities messages inside your own custody application.

ISO 15022 and ISO 20022 parsing and building

Category 5 to sese, semt and seev translation

Full validation of securities messages

Compare Hub and Integrator →

Running securities services?

Talk to our team about your client and market flows, the standards your clients use and your path to ISO 20022 for securities.