Banking for IT - Corporate Actions - SWIFT and ISO 20022 message flow

Description:
The clip outlines the structured message flow within the financial industry for processing corporate actions using both SWIFT MT and ISO 20022 (seev) standards. This communication cycle begins with an MT 564 / seev.031 announcement sent by an Agent to a Custodian, which initiates the process and details the corporate event. For voluntary actions, the announcement triggers a response, where the Custodian sends an MT 565 / seev.033 instruction detailing the client's choice. The critical final step involves the MT 566 / seev.035 confirmation, which is essential for developers because it confirms the settlement and signals the requirement to book movements in back-office accounting systems. A detailed example of a Rights Issue illustrates this three-stage communication process, emphasizing the generation and processing of these standardized messages.