ISO 20022 Resources

Visit these industry resources to learn more about ISO 20022

ISO 20022 Community Readiness Deck
The latest information from Swift on ISO 20022 readiness including preparations for live deployment, testing and resources is included in this document, effective October 2022.

SWIFT Platform Evolution Knowledge Center (SWIFT Credentials required)
The Platform Evolution Knowledge Center is the primary access point to all information and documentation that SWIFT members need to prepare for the go-live of the Transaction Manager, SWIFT’s new message orchestration platform which supports the ISO20022 implementation starting in November 2022. SWIFT credentials are required to access the Knowledge Center.

Usage Guidelines on SWIFT MyStandards (SWIFT Credentials required)
MyStandards is a collaborative web platform used by the Financial Industry to create, publish and share message specifications and usage guidelines. This platform contains, amongst others, the usage guidelines for CBPR+ (Cross Border Payments and Reporting Plus) and the various RTGS systems such as Target 2, Bank of England, Fedwire or CHIPS. These can be viewed, downloaded and tested. Please use your SWIFT credentials to access the platform.

Payments Market Practice Group Document Centre
The Payments Market Practice Group (PMPG) provides a global forum to drive better market practices which, together with correct use of standards, will help to achieve full Straight Through Processing (STP) and improved customer service. In order to achieve this, the PMPG publishes on regular basis papers and guidance covering different key topics such as the ISO 20022 Financial Institution Migration Strategy or Structured Address for end parties.

ISO 20022 Messages Catalogue
ISO 20022 is a multi-part International Standard prepared by ISO Technical Committee TC68 Financial Services; this link brings you to the documentation related to all ISO 20022 message definitions.

Bank of England
The UK payments industry is moving to ISO 20022, the emerging global standard for payments messaging. From June 2022, the Bank of England will require all CHAPS Direct Participants to send and receive like-for-like ISO 20022 payment messages (pacs.008, pacs.009 (/COV) and pacs.004) using the like-for-like schemas. Learn more about this major initiative by using this link.

T2
The Eurosystem has launched a project to consolidate Target 2 and T2S with the objective to meet changing market demands by replacing TARGET2 with a new real-time gross settlement (RTGS) system called T2 and optimizing liquidity management across all TARGET Services. The new consolidated platform will be launched in November 2022. T2 will offer the market enhanced and modernized services and will use the messaging standard ISO 20022. Learn more about this major initiative by using this link.

Fedwire
The Fedwire is currently working on its ISO 20022 migration strategy. More information about their phased approach and timelines is expected soon. Stay informed about the latest developments by using this link.

CHIPS
The Clearing House collaborates with Fedwire, amongst others, to develop and coordinate ISO 20022 implementation in the U.S. Stay informed about the latest developments by using this link.