CGI: mission and scope

The Common Global Implementation (CGI) initiative provides a forum for financial institutions (banks and bank associations) and non-financial institutions (corporates, corporate associations, vendors and market infrastructures) to progress various corporate-to-bank implementation topics on the use of ISO 20022 messages and other related activities, in the payments domain.

The goal of CGI is to simplify implementation for corporate users and, thereby, to promote wider acceptance of ISO 20022 as the common XML standard used between corporates and banks.

The mission of the CGI group will be achieved through consultation, collaboration and agreement on common implementation templates for relevant ISO 20022 financial messages, leading to their subsequent publication and promotion in order to attain widespread recognition and adoption.

CGI is driven by customer demand for multibank coordination of implementations

• Intended specifically for global, multi-country, multi-bank and multi-instrument implementations that the participating banks can commonly accept as ONE of their implementations.
• Focused on the general message structure and then successful creation of individual transactions that can be executed by the participating banks.
• Published and endorsed from appropriate communities.
• Engaged through active corporate partnership.

A corporate can use the same message structure for all their payments with all of their transaction banks reaching any payment system across the globe.