Securities Market Practice Group

Securities Market Practice Group
Sponsored by SWIFT, the objective of this industry group is to create globally harmonised market practices which, together with the ISO 15022 standard, will enhance straight through processing (STP) at an industry level. The formation of the SMPG resulted in the establishment of National Market Practice Groups (NMPG) in more than 35 geographic markets comprised of broker/dealers, investment managers, custodian banks, central securities depositories and regulators.

Euroclear glossary. 2008.

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