Roles used in ISO20022

Below are the supported roles. Since the specification crosses a lot of industry groups, the roles are rather diverse. Some actors may fulfil more than one role.

AccountServicer

Party that manages the account on behalf of the account owner, ie, manages the registration and booking of entries on the account, calculates balances on the account and provides information about the account.

Acquirer

Party in contractual relation with merchants and card schemes accepting payments, that acquires card payment from the merchant, forwards the transaction to the relevant card issuer, and makes payments to the merchant.

Agent

Party that acts on behalf, or upon request, of another party.

AgreementParty

Party involved in a - usually commercial (buying, selling, acquiring, providing products or services) - relationship, which materialises in an agreement with a counterparty.

Buyer

Party which acquires, or agrees to acquire, ownership (in case of goods), or benefit or usage (in case of services), in exchange for money or other consideration under a contract of sale.

BuyersBank

Financial institution that holds the buyer’s account.

BuySideParty

Individual or institution, that purchases or sells financial instruments, for its own account, or on behalf of an investor.

CardAcceptor

Party accepting the card and presenting transaction data to the acquirer.

Cardholder

Party who presents the card to the merchant for provision of goods or services.

CaseAssignee

Party which is assigned an investigation case.

CashCorrespondent

Financial institution that executes cash transfers on behalf of its clients.

CentralCounterparty

Infrastructure that is very often a component of a clearinghouse, and facilitates clearing and settlement for its members by standing between the buyer and the seller of a trade.

CentralMatchingUtility

Mediates communication between the broker/dealer and investment manager to exchange trade details, match settlement criteria and confirm completion of financial instrument transactions.

CentralSecuritiesDepository

Infrastructure that, holds or controls, the holding of physical or dematerialised financial instruments belonging to all, or a large portion of, the investors in a securities market.

CollateralGiver

Entity that is associated with the collateral agreement and that will deliver collateral to secure an obligation vis-à-vis the other party (the collateral taker).

CollateralTaker

Entity that is associated with the collateral agreement and that will receive collateral from the other party (the collateral giver).

ConfirmationParty

Infrastructure that issues trade confirmations, receives trade affirmations, matches allocations to confirmations and confirmations to instructions, and generates standing or special instructions to create settlement instructions.

CorporateInvestigator

Party, physical person or legal entity that starts or follows-up an investigation case within a corporate.

Creditor

Party that receives an amount of money from the debtor.

CreditorAgent

Financial institution servicing an account for the Creditor.

Custodian

Party that safekeeps and administers assets on behalf of the owner.

CustodyServiceProvider

Party that provides custody services for shares affected by proxy voting, that is, share blocking and unblocking, share registration, position keeping, securities lending services.

DataProvider

Party that is a source of financial information.

Debtor

Party that owes an amount of money to the creditor.

DebtorAgent

Financial institution servicing an account for the Debtor.

DebtorReceivingParty

The Debtor himself or a party receiving the Creditor Payment Activation Request on behalf of the Debtor.

ExecutingBroker

Financial institution that partners with the investment manager to communicate details, execute modifications and settle financial instrument transactions.

Facilitator

Party that forwards meeting information and meeting results to the Investor, checks position with the Custodian and collects voting instructions from the Investor and forwards to the next.

FinalAgent

Financial institution that receives the payment transaction on behalf of an account owner, or other nominated party, and credits the account.

FinalParty

Party that is the ultimate beneficiary of the credit transfer.

FinancialInvestigator

Party, physical person or legal entity that starts or follows-up an investigation case within a financial institution.

FirstAgent

Financial institution that receives the payment transaction from the account owner, or other authorised party, and processes the instruction.

ForwardingAgent

Party that receives the payment instruction from the originator and forwards it to the first agent in the payment chain.

FundAccountant

Party that keeps accounting records of the available assets and liabilities of the Fund.

FundManagementCompany

Party that sets up the Fund, decides the investment strategy, appoints the agents, and is responsible for the promotion and the marketing of the Fund.

GlobalSettlementAgent

Party that holds another party’s inventory of financial instruments, and effects or receives deliveries versus payment, or free of payment.

Infrastructure

Party that provides, through common membership, services to create a fair and open process for the execution of transactions between trading parties, and the creation of settlement obligations.

InstitutionalInvestor

Pension funds, mutual funds, money managers, insurance company, investment banks, commercial trusts, endowment funds, hedge funds, accountable for high volumes of trades, moving large blocks of shares on the stock market’s movements.

InterestedAgent

Party that receives information from other parties about transactions that are being processed, and performs functions such as regulatory oversight and accounting.

Intermediary

Party that provides services to investors relating to financial products.

InternationalCentralSecuritiesDepository

Party which holds and administers securities for example, Eurobonds or other financial assets, holds issuance accounts and enables transactions to be processed by book entry.

Investigator

Party, physical person or legal entity that starts or follows-up an investigation case.

InvestmentDecisionMaker

Individual investor that makes its own investment decision, a financial analyst that advises the investor, or a portfolio manager that has received the investor’s cash to be invested.

InvestmentManager

Party that implements the investment strategy, ie, selects portfolio investments in accordance with the objectives and strategy in the fund’s prospectus, and places orders to effect or liquidate selected investments in accordance with net flow of capital into or out of the fund.

Investor

Party, either an individual or organisation, whose assets are being invested.

Invoicee

Party identified in a commercial invoice as the liable party.

Invoicer

Party identified as the issuer of an invoice on the face of a commercial invoice.

Issuer

Entity which is obligated on a security or other financial instrument.

IssuerAgent

Organisation appointed by the issuer for the purposes of administration of a security issue or processing of a corporate action or a meeting event.

LocalMarketIntermediary

Intermediary in the proxy voting chain that is active in the same market as where the shares are safekept.

LocalSettlementAgent

Party that holds a portion of another party’s inventory of financial instruments within a location or market, effects or receives local deliveries versus payment, or free of payment, as directed by the global settlement agent.

MarketMaker

Party that makes a market in one or more specific instruments.

MasterTerminalManager

Party which is responsible for the point of interaction (POI), and has the control of the access rights.

Merchant

Party who provides goods or services at one or several sites (physical or virtual).

NationalCentralBank

Principal monetary authority of a nation, a central bank performs several key functions, including issuing currency and regulating the supply of credit in the economy.

NonClearingMember

Party (an exchange member firm) that chooses not to clear transactions, and uses/subcontracts a general clearing member to access the central counterparty ’s services.

OrderGiver

Firm which instructs an order, also known as the ordering firm or orderer.

OriginatingParty

Party that owes an amount of money to the creditor, eg, for the receipt of goods and services.

PaymentClearingAgent

Agent that instructs the next party in the payment chain to carry out the payment.

PaymentSettlementAgent

Agent that executes the cash transfer upon the request of either an agreement party, or a clearing agent.

PostTradeAdministrator

Party ensuring thatall the details of the trade have been collected and reported, as required to all parties involved in the trade transaction including counterparties, the investor, and settlement parties.

PrimeBroker

Financial insitution that acts as settlement agent, provides custody for assets, provides financing for leverage, and prepares daily account statements for its clients, who are money managers, hedge funds, market makers, arbitrageurs, specialists and other professional investors.

ProxyInformationProvider

Intermediary in the Proxy voting chain that forwards and makes information available that was received/collected from the Proxy Initiator.

ProxyVotingInitiator

Party that is responsible for making meeting information available to the market, collecting the votes and publishing the meeting results.

RedistributorAgent

Institution that receives and redistributes certain business information, for example, quote or order details, or facilitating trading.

Registrar

Party that is responsible for keeping track of the owners of securities.

Regulator

Government agency, or a self-regulated body, that sets the rules for the regulation of the market, as well as the relationship between the different parties in the market.

ReportingInstitution

Organisation that is legally responsible for reporting securities trade transactions to a regulator or a competent authority.

Seller

Entity that makes, or offers or contracts to make, a sale to an actual or potential buyer.

SellersBank

Financial institution that holds the seller’s account.

SellSideParty

Broker that sells its services (for example, research, analysis and recommendation), to buy-side parties.

SettlementAgent

Party that provides settlement, custody, and accounting services for its own, or someone else’s, assets.

SettlementMember

Party which is member of a cash settlement system and which submits trades to be settled between members.

StockExchange

Corporation or mutual organization which provides the facilities for stock brokers to trade company stocks and other financial instruments in the secondary market.

SystemDirectMember

Party that is a member, and granted full access to the functions of the system transaction administrator.

SystemIndirectMember

Party that is sponsored by a direct member, and has limited access to the system transaction administrator functions.

SystemMember

Party that is entitled to make full or partial use of the system transaction administrator, to make it perform business processes on its behalf.

TerminalManager

Party which is responsible for one security domain of the point of interaction (POI) application.

ThirdParty

Party that is a customer of either a direct or indirect system member.

TradeInstructor

Party that decides upon one or more specific trades to follow the investment decision maker’s strategy.

Trader

Party that interacts with counterparties in the context of a market (that is, an exchange, network, or over-the-counter network), to execute trades.

TradingParty

Party that plays an active role in planning and executing the transactions that create or liquidate investments of the investors assets, or that move the investor’s assets from one investment to another.

TreasurySettlementParty

Party which settles a deal through its own accounts without being party to that deal, for example, custodians, settlement systems.

Trustee

Individual or institution who holds or manages assets for the benefit of another.

Underwriter

Company or other entity that administers the public issuance and distribution of securities from a corporation or other issuing body.

VotingParty

Party that issues voting instructions instructions.