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Statements

Subject Item
dbr:ISO_15022
rdf:type
yago:SystemOfMeasurement113577171 yago:Abstraction100002137 yago:Standard107260623 yago:WikicatISOStandards yago:Measure100033615 dbo:Organisation
rdfs:label
ISO 15022
rdfs:comment
ISO 15022 is an ISO standard for securities messaging used in transactions between financial institutions. Participants in the financial industry need a common representation of the financial transactions they perform and this standard defines general message schema, which in turn are used by organizations to define messages in a complete and unambiguous way. This results in efficiency, lower costs, and the avoidance of errors. Prior to standardization in this area, there were overlapping standards, or ad hoc approaches where there was a functional gap and no standard.
dct:subject
dbc:Financial_regulation dbc:Financial_routing_standards dbc:ISO_standards
dbo:wikiPageID
1117197
dbo:wikiPageRevisionID
1122032601
dbo:wikiPageWikiLink
dbc:Financial_routing_standards dbc:Financial_regulation dbr:Ad_hoc dbr:Financial_transaction dbr:Ontology_(information_science) dbr:SWIFT dbr:SWIFT_message_types dbr:ISO_standard dbc:ISO_standards dbr:MT103 dbr:ISO_20022 dbr:Registration_authority dbr:Financial_industry dbr:Messaging dbr:MT202_Cov dbr:ISO_7775 dbr:EDIFACT
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dbt:ISO_standards dbt:Short_description dbt:Reflist
dbo:abstract
ISO 15022 is an ISO standard for securities messaging used in transactions between financial institutions. Participants in the financial industry need a common representation of the financial transactions they perform and this standard defines general message schema, which in turn are used by organizations to define messages in a complete and unambiguous way. This results in efficiency, lower costs, and the avoidance of errors. Prior to standardization in this area, there were overlapping standards, or ad hoc approaches where there was a functional gap and no standard.
gold:hypernym
dbr:ISO
prov:wasDerivedFrom
wikipedia-en:ISO_15022?oldid=1122032601&ns=0
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2694
foaf:isPrimaryTopicOf
wikipedia-en:ISO_15022