Established in 1998, the Securities Market Practice Group (SMPG) is a collaborative initiative within the global securities industry. Its primary mission is to create, maintain, and promote agreed-upon market practice guidelines for securities settlement and corporate actions, utilizing messaging standards such as ISO 15022 and ISO 20022. The group is comprised of experts from various financial institutions, including custodians, brokers, and investment managers, organized into National Market Practice Groups (NMPGs). By harmonizing practices, the SMPG aims to increase efficiency, reduce costs, and minimize risks in cross-border securities processing. The initiative is supported and facilitated by SWIFT.

Founded in

Belgium