BNP Paribas Securities Services has released a set of APIs for its fund administration business. The bank has opted to standardise these APIs to ISO 20022 for greater interoperability across platforms. This new catalogue of 17 fund accounting APIs automatically updates clients’ systems with information specific to their business held by BP2S. This information includes data sets such as NAV calculations and distribution, and settlement instructions and status. Clients are also able to post information, such as NAV validation, directly in BP2S systems. The bank is working with SWIFT to standardise all its existing and future APIs via the global ISO 20022 standard.
