22 Jul 2025
💵DTC Proposes Amendments to Settlement Service Guide for Wire Instructions
Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the DTC Settlement Service Guide Relating to Wire Instructions
Summary
The Securities and Exchange Commission announces a proposed rule change by The Depository Trust Company to amend its Settlement Service Guide. This change updates the wire instruction formats for settlement payments in response to the Federal Reserve's transition to the ISO 20022 messaging standard, ensuring compliance with current industry practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change modifies the DTC Settlement Service Guide to comply with the shift from FAIM to ISO 20022 messaging formats. Businesses relying on DTC for settlement will need to adapt to new wire instructions for financial transactions, affecting compliance and operational processes.