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    ISO 15022-1:1999

    ISO 15022-1:1999

    ISO-15022-1
    ISO 15022-1

    ISO 15022-1:1999 Securities — Scheme for messages (Data Field Dictionary) —

    Part 1: Data field and message design rules and guidelines

    The ISO 15022-1:1999 standard is used for securities message schemes. This article will provide an overview of the standard, including data field design rules and guidelines.

    ISO 15022-2:1999 Securities — Scheme for messages (Data Field Dictionary) — Part 2: Maintenance of the Data Field Dictionary and Catalogue of Messages

    The ISO 15022-2:1999 standard defines a scheme for messages that are exchanged between financial institutions. The scheme is based on a data field dictionary and a catalogue of messages.

    The data field dictionary contains the definitions of the data fields that are used in the message scheme. The catalogue of messages contains the definitions of the messages that are exchanged between financial institutions.

    The ISO 15022-2:1999 standard is maintained by the International Organization for Standardization (ISO).

    ISO 15022-1:1999 Securities — Scheme for messages (Data Field Dictionary) — Part 1: Data field and message design rules and guidelines

    1. Introduction

    This standard defines a data field as an elemental item of information within a message. It also provides guidelines for the design of data fields and messages.

    1. Data field definition

    A data field is an elemental item of information within a message. It is represented by a code and a value. The code is used to identify the data field, while the value contains the actual data.

    1. Data field design rules

    Data fields must be designed in such a way that they can be easily understood and processed by both humans and machines. To achieve this, the following design rules must be followed:

    • The meaning of a data field must be clear and unambiguous.
    • A data field must have a single, well-defined purpose.
    • A data field must be self-contained and independent from other data fields.
    • A data field must be structured in a logical and consistent manner.
    • A data field must use clear and concise language.
    • A data field must use consistent terminology throughout.
    • A data field must use standard codes wherever possible.
    1. Message design guidelines
      Composite messages should be designed in such a way that they are

    What are the benefits of ISO 15022?

    The benefits of ISO 15022 include:

    -Improved data quality
    -Reduced processing costs
    -Elimination of duplication
    -Increased straight through processing rates
    -Reduced risk of errors and omissions
    -Improved data integrity and security

    If you need more support with ISO 15022-1:1999 please contact us at +91-8595603096 or support@pacificcert.com