How Is X9 Structured?
Presently, ASC X9 operates 4 technical subcommittees and 20-to-30 technical working groups developing financial industry standards and guidelines. ASC X9 is the USA Technical Advisory Group (TAG) to the International Technical Committee on Financial Services (TC 68) under the International Organization for Standardization (ISO), of Geneva, Switzerland. In this role, X9 holds the USA vote on all ISO standards of TC 68 Financial Services or its subcommittees SC2- Security, SC4- Securities and SC7 - Core Banking. X9 holds the USA vote into the ISO 20022 (UNIFI) Registration Management Group (RMG) which today consists of the RMG board with Standards Evaluation Groups named as follows; Payments, Securities, Trade Finance, Foreign Exchange and Retail/Cards. For more on UNIFI go to www.iso20022.org. X9 services as the RMG Secretary as named in ISO 20022.
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