Gestitres deploys Trace Datawise solution to meet Swift 15022 deadline

Gestitres deploys Trace Datawise solution to meet Swift 15022 deadline

Paris-based back office processor Gestitres has gone live with Trace Datawise Financial's Easy ISO 15022 system for message processing over the Swift interbank network.

Trace Datawise says that Gestitres, which has parnetship agreements with Caisse d'Epargne, CDC and Credit Lyonnnais, had handled more than 50 per cent of its message traffic in the 15022 format within the first week of conversion.

The Easy ISO 15022 system processes both outbound and inbound message types without interfering with existing operations, adds the vendor.

The solution also carries a guarantee of support for the introduction of new XML standards for ISO 15022 expected next year, allowing firms to convert from the old ISO 7775 message standard.

Trace Datawise has also announced that US investment manager Delaware International has started live operations with its solution after two months of testing.

The deadline for migration to the new ISO 15022 securities message standard was 16 November. A little over 82% of securities message traffic passing over the interbank network is so far compliant with the new standard.

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