We will have a joint session with the Trade finance SIG on the ISO20022 standard, which is a payment standard being rapidly adopted. The presentation is by a pair of experts from PPI, a payments consultancy from Germany. This presentation will feature the beauty
of the standard as well as some of its challenges. For Capital Markets, a fully integrated payment rail is crucial for digitization of Capital Markets the asset leg needs a payments leg. More to follow in our detailed joint announcement.
