TeX MI
Who produces TeX MI? Each individual TeX member (or their administrator) produces MI as a download through their internal or external systems and must submit this to TeX by the 10th working day of each month. Where firms use a solution provider directly (such as Actuare, Calastone, Equisoft or Origo) the TeX MI reports are typically […]
TeX register
The TeX register is a secure database containing electronic transfer details, relevant transfer information and contact information for TeX members. Who can access the TeX register? The TeX register can only be accessed by the designated contacts of TeX members who have completed the full membership process (both joined and registered). As part of the […]
TeX contact types
There are several types of contact created when companies join and register with TeX. Some contacts types are mandatory and others optional to be used as required. This section aims to explain the different types and purpose of TeX contacts by answering the following questions: Why? Why is the contact set up (the purpose of the […]
Electronic systems address
What Electronic Systems Address information is required by TeX? For all TeX member companies transferring electronically, a business entity (participant) BIC and a SWIFT DN is required. This information is shown in a standard format within the TeX register for all relevant member companies. Additional electronic systems address information may be shown as required along […]
TeX membership fees
There are two fees payable for TeX membership, a joining fee and an annual membership fee. What is the TeX joining fee? The TeX joining fee is a one-off fee of £6,000 (£5,000 plus £1,000 VAT) for all individual entities or corporate groups intending to register with TeX and move towards electronic messaging to facilitate […]
TeX membership agreement
What makes up the “Membership Agreement”? The following documents, together with the joining fee and registration forms, make up “the Membership Agreement” that each member will enter into with TeX and each other member. These documents are listed in the order of precedence: (1) Competition Policy: members will have to comply with the competition policy to […]
Becoming a TeX member
Becoming a TeX member is a 2-stage process: Join TeX Register with TeX Joining TeX will allow you to participate in relevant TeX Groups but does not provide access to the TeX register and other secure services reserved for registered members. When you are ready to send/receive ISO 20022 messages and need the legal agreements necessary […]
General
What is TeX? TeX is a not-for-profit organisation which works with the industry to ensure that the maximum benefit is provided to all members. One of the biggest benefits is that having one single contract means substantial savings are made by eliminating the need for multiple contracts between every pair of companies. It also means […]