Megara achieves Swift Compatible Application Labels 2026

Vermeg is pleased to announce that Megara has successfully completed the Swift Compatible Application technical validation for 2026 across three key securities domains: Securities Settlement, Corporate Actions and Collateral Management.

These validations reinforce Megara’s alignment with Swift standards and its ability to support financial institutions as securities messaging evolves toward richer, more transparent and increasingly digital post-trade processing.

Swift’s 2026 Compatible Application programme includes dedicated validation criteria for these three securities domains and assesses application support for the relevant Swift messaging, standards and connectivity requirements. Swift

Enhanced Securities Settlement for Digital and Tokenised Assets

Megara’s SR2026 settlement capabilities extend support for securities transactions involving digital assets and distributed-ledger settlement models.

Key enhancements validated as part of the 2026 work include:

• richer Digital Payment Settlement information in settlement instructions;

• additional settlement transaction condition support, including GATE;

• enhanced security identification capabilities for scenarios where traditional ISIN identification is not applicable;

• extended quantity representation for digital assets through dedicated digital-asset quantity types;

• additional settlement-party and safekeeping information required for emerging DLT-based settlement models;

• enhanced processing and validation of settlement messages across the MT54x family.

These enhancements build on Swift’s broader evolution of securities standards to accommodate tokenisation and DLT-based infrastructures while maintaining interoperability with existing settlement processes.

Customer value

• Greater readiness for tokenised securities and DLT infrastructures

• Richer settlement data and improved processing transparency

• Better interoperability between traditional and digital settlement environments

• Reduced need for proprietary extensions in emerging digital-asset use cases

Stronger Settlement Traceability and Processing Control

SR2026 also strengthens the information available within settlement messaging and improves the consistency of data exchanged throughout the settlement lifecycle.

Megara’s validated settlement scope includes enhancements across settlement instructions, confirmations, status messages and related reporting flows.

This enables customers to benefit from:

• improved transaction traceability

• more precise representation of settlement conditions

• greater consistency between counterparties and market infrastructures;

• stronger automation and reduced manual interpretation

Customer value

• Improved straight-through processing

• Easier reconciliation and investigation

• Greater visibility across the settlement lifecycle

• Reduced operational risk

Advanced Corporate Action Automation

Megara integrates a broad set of SR2026 enhancements that further improve corporate action automation, transparency, and control.

These include:

• Enhanced rate, price, and proration processing to support more accurate event calculations and confirmations

• Improved instruction and election management to provide clearer handling of client choices and responses

• New and aligned status, reason, and quantity indicators to improve instruction tracking and exception management

• Buyer Protection Allegement enhancements to better manage buyer protection allegements, removals, and related instruction references

• Market Claim process enhancements to support clearer advice generation, claim tracking, and post-event reconciliation

• Improved period, deadline, and documentation handling to reduce ambiguity around key corporate action dates and requirements

• Enhanced Swift message compliance across the corporate action lifecycle to ensure stronger alignment with SR2026 standards

Together, these enhancements provide more consistent processing, clearer event communication, and improved control throughout the corporate action lifecycle.