Vermeg is proud to announce that Megara has been granted the Swift Certification Label 2025, following the successful completion of all Swift validation requirements.
This achievement covers three key domains: Securities Settlement, Corporate Actions, and Collateral Management, reaffirming Vermeg’s commitment to delivering trusted, standards-compliant solutions to the global financial community.
Through its alignment with the Swift Standard Release 2025 (SR2025), Megara delivers a confirmed set of SR2025-ready enhancements that strengthen corporate actions processing, settlement transparency, tax services, and ISO 20022 compliance.
These enhancements are validated and available for SR2025 readiness, enabling customers to prepare confidently for upcoming market, regulatory, and infrastructure changes while ensuring continuity of existing operations.
Advanced Corporate Action Automation
Megara integrates a broad set of SR2025 enhancements that improve corporate action automation, transparency, and control.
These include:
Acceptance Priority Types and Priority Level Codes to better manage competing elections
Documentation Required indicators with explicit deadline dates
Transfer of Proceeds indicators and related market claim quantities
New and aligned instruction and return status codes
Additional price calculation methods
Forfeiture of interest flags in notifications
Together, these enhancements provide more granular control over corporate action processing and reduce ambiguity throughout the event lifecycle.
Customer value
Higher straight-through processing (STP) rates
Clearer prioritization of elections and responses
Improved deadline tracking and documentation governance
Reduced operational risk and exception handling
Improved Settlement Traceability & Transparency
To enhance settlement clarity and reconciliation, Megara supports SR2025 settlement enrichments focused on traceability and data consistency.
These include extended use of Unique Transaction Identifiers (UTI) within the confirmed scope, new price source place codes including Oracle references, and additional settlement and collateral indicators.
These enhancements improve visibility across settlement chains and facilitate reconciliation across multiple intermediaries and infrastructures.
Customer value
Improved end-to-end transaction traceability
Easier reconciliation across custodians, CSDs, and market infrastructures
Stronger interoperability in cross-border and multi-platform settlement environments
Digital Asset & Wallet Readiness
As part of SR2025, Megara reinforces its readiness for emerging digital finance and distributed ledger models.
The platform now supports digital wallet data types integrated into cash account structures, allowing customers to manage wallet-based balances alongside traditional cash accounts. In addition, blockchain-oriented network fee indicators are supported, enabling transparent representation of transaction costs specific to distributed ledger settlement models.
Megara also strengthens transaction integrity through NONCE support in settlement messaging, improving uniqueness and traceability of transactions in DLT-enabled environments.
Customer value
Enables custody and settlement models that include digital wallets
Prepares customers for DLT-based market infrastructures without disrupting legacy workflows
Improves operational security and transaction traceability
Enhanced Tax & Fiscal Services
SR2025 introduces significant improvements in tax handling and fiscal transparency, fully supported in Megara.
The platform now supports the Tax Reclassification Event, enabling clearer representation of post-event tax adjustments. Enhancements also include refined definitions of tax-related amounts and rates, as well as the addition of a Fiscal Year Date at the corporate action event level.
These changes allow tax information to be communicated in a more structured and deterministic manner across the corporate action lifecycle.
Customer value
Greater accuracy in tax reporting and reclassification workflows
Reduced manual interpretation of complex tax events
Stronger compliance with jurisdiction-specific fiscal regulations
ISO 20022 & CBPR+ Compliance Without Disruption
Megara transparently incorporates mandatory SR2025 updates related to cash and payments messaging.
These include corrected date and time patterns, updated translation rules for cash reporting messages, and support for extended character sets in identifiers. All changes are aligned with CBPR+ requirements and the broader ISO 20022 migration roadmap.
Customer value
Seamless ISO 20022 and CBPR+ compliance
No functional impact on existing business processes
Alignment with SWIFT’s global ISO 20022 migration milestones
With SR2025, Megara delivers confirmed, validated enhancements that strengthen:
Corporate action automation
Settlement traceability
Digital and wallet-based services
Tax accuracy and fiscal transparency
Regulatory and messaging compliance
These capabilities position Megara customers to operate efficiently today while confidently preparing for tomorrow’s digital, data-rich, and interoperable securities markets.
