Message validation tool for funds is now available

Ensuring compliance to ISO 20022 standard for investment funds

SWIFT's Simulation Testing and Qualification Service (STaQS) for Funds has been developed to support the Funds community in implementing ISO20022 (MX) funds messages. It will help to familiarise users with MX message structures and processing flows. STaQS will also support existing users of ISO 15022 messages migrating to ISO 20022 funds messages.

Users can upload a file of funds messages for testing. STaQS for Funds validates each message and returns full validation details, summaries and statistics.

"Today ISO 20022 users see a lot of demand from non-ISO 20022 enabled counterparties for testing with them. They are asked to manually verify the counterparties' test messages which is very labour-intensive. As STaQS for Funds allows participants to conduct tests before implementing their SWIFTNet InterAct access, it will increase efficiency and reduce testing duration" said Koen Vierendeels, Marketing Manager Funds servicing at SWIFT.

This tool is available free of charge and can be ordered by using this order form

More detailed information about STaQS for Funds can be found on Simulation Testing and Qualification Service (STaQS) for Funds.