The mission of the Settlements Working Group is to define best practices for the communication of settlement instructions and confirmation messages for all securities-related financial instrument types; third party and bank for foreign exchange transactions; collateral messaging and currency movements. This group works collaboratively with other industry and ISITC working groups.
ISITC organizes itself into different areas of focus within the securities industry. Each of the seven focus areas have a dedicated committee, referred to as Working Group, comprised of ISITC members close to each of the topics of interest. These groups of industry practitioners work closely with one another throughout the year to collaborate and develop market practices and industry standards aimed at increasing efficiency and further promoting straight through processing within global securities operations.