What is ISO? The International Organization for Standardization (“ISO”), an independent non-governmental organization of national standards bodies from more than 160 countries. It has published standards for a wide range of industries, including ISO 20022, a new message format that many global payment and messaging systems are adopting. Last week, the LSTA and LMA published...
This is the form used by administrative agents when a lender joins the syndicate and must provide the agent with its contact details, wiring instructions, etc. which now includes optionality for inputting Standard Settlement Instructions/Wiring Instructions for those transactions that align with the ISO20022 updates....
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