International Securities Market Advisory Group - ISMAG

The International Securities Market Advisory Group (ISMAG), established in 2007, is a major efficiency programme to harmonise issuance and asset servicing processes of international securities primarily deposited in the International Central Securities Depositories (ICSDs).

ISMAG is unique in that it gathered end-to-end parties involved in asset servicing, with representatives from Issuers, Issuer’s agents, the ICSDs and various associations and custodians, to agree and define best practices for:

• Providing the highest quality of asset servicing to investors
• Increasing operational efficiency and reduce operational risk in issuance and asset servicing processes.

The International Securities Operational Market Practice Book (MPB) provides a summary of the best practices for operational processes related to new issues, corporate actions and income. The current version is dated January 2012.

By implementing the recommendations contained within the MPB, Issuers and their Agents will, to a large extent, ensure an efficient and effective end-to-end service to investors. An overview of those recommendations is available by clicking here to access the reference card.

From 2011, Issuers and Agents have the opportunity to market their adherence by officially joining the market framework, developed by the ICSDs after ISMAG consultation.

Please refer to following links for more detailed information:

www.euroclear.com/ismag
www.clearstream.com/ismag

Contact - If you have any questions or would like to get involved, please contact ISMAG ICSDs programme management teams:

ismag_pmo@clearstream.com
ismag.pmo@euroclear.com