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ISSA Working Groups


ISSA WG "Impact of regulatory changes on post trade processing"

WG-Chair: Florence Fontan (BNP Paribas Securities Services)  
Scope: Impact of regulatory changes on post trade processing, including impact of the CPSS-IOSCO Principles for Financial Market Intermediaries.
 

ISSA WG "Hidden risks"

WG-Chair: Ed Neeck (JP Morgan)  
Scope: Hidden risks for custodians, clearers, CSDs and ICSDs.
 

ISSA WG "Communication standards and reference data"

WG-Chair: Irene Mermigidis (Clearstream)  
Scope: Communication standards and reference data, with a special focus on the Le-gal Entity Identifier (LEI).
 

ISSA WG "Liability of a fund depositary bank"

WG-Chair: Urs Staehli  
Mandate: To produce an educational paper explaining the intermediary chains, responsibilities and inherent risks - adressing not only traditional securities, but also unit shares of mutual funds (e.g. direct deposit with non-regulated registrars), derivatives, cash, etc.
 
Milestones: Letter to European Commission (09/2009) PDF 125 kB
  Final paper: UCITS Depositary Functions - Risks and Liabilities (10/2009) PDF 262 kB
  [Members of the Working Group]  

ISSA Corporate Actions WG

WG-Chair: Ranjit Chatterji  
Mandate: To develop best practice recommendations, and join hands with other industry organizations
 
Milestones: Proposed Global Corporate Actions Principles (01/2010) Details
  Solicitation of Initial Feedback and Market Info (01/2010) Details
  Issuer Outreach 2011 (01/2011) PDF 179 kB
Final Report: "Global Corporate Actions Principles" (05/2010) PDF 459 kB
  Annex to the Final Report (05/2010) PDF 344 kB
  > Market Survey Reports 06/2010  
  [more details]  

ISSA Mutual Funds WG

WG-Chair: Edouard-François de Lencquesaing  
Mandate: Propose practical ways of gradually achieving more process efficiency in European corss-border funds processing  
Milestones: ISSA Fund Working Group, Status Report (09/2008) PDF 378 kB
  Roundtable: central funds database in Europe
with data vendors and EFAMA (03/2008)
PDF 147 kB
Final Report: Report "Investment Funds Processing in Europe" (10/2009) PDF 743 kB
  Executive Summary and Guiding Principles (10/2009) PDF 97 kB
  Annexes to the Report (10/2009) PDF 2.4 MB
  [more details]  

ISSA OTC Trade Capture and Trade Confirmation WG

WG-Chair: Markus H. Ruetimann  
Mandate: To draft best practice recommendations to improve the trade capture and trade confirmation process for segregated and pooled investment vehicles using OTC derivatives.  
Milestones: OTC Derivatives Information Sharing Platform  
  [more details]  

ISSA OTC Derivatives Verification of Valuations WG

WG-Chair: Markus H. Ruetimann
(2010 Status update)
 
  Jon Lloyd, JPMorgan Worldwide Securities Services
(2005-2008)
 
Mandate: To draft best practice recommendations for the process by which the valuations of OTC derivative instru-ments held in regulated investment funds are validated  
Final Report: Report on the verification of valuations of OTC derivatives (08/2008) PDF 168 kB
Update: Status review (03/2010) PDF 119 kB
  [more details]