Industry Standardization for Institutional Trade Communications: ISITC was formed by investment managers, custodian banks and portfolio accounting vendors to enhance SWIFT message types used to communicate settlement information between banks and advisors. ISITC standards adhere to SWIFT standards (based upon ISO 7775) and ISITC formatted messages can be sent on the SWIFT network.

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Industry Standardization for Institutional Trade Communications in our glossary: terms and definitions

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