Ensure you're fully prepared for March 2023
Starting your journey now will ensure you're ready for go-live on ISO 20022 for cross-border payments and reporting (CBPR+), and the start of the coexistence period, from March 2023.
From this date, any participant can begin sending ISO 20022 messages for CBPR+. So, you need to be ready to receive ISO 20022 messages and process either the ISO 20022 message or the translated MT that will be embedded within it. To ensure readiness, you need to upgrade your messaging interface, configure your connectivity to the FINplus service, prepare your Relationship Management Authorisation (RMA) setup for FINplus, and of course test, test and test again. Not being ready will mean a break in the continuity of your business operations, with payment instructions coming from your correspondents that cannot be processed.
The following steps explain what you need to do to ensure readiness. We’ll also direct you to all the documentation you’ll need to help you on your journey.
Are you ready for ISO 20022 for CBPR+?
Set up your testing environment
Upgrade your test interface
Upgrade your messaging interface to a version that supports multi-format MX messages.
Configure your interface and set up your test connectivity
Configure your messaging interface for the FINplus test service.
Test (self-testing or testing with Swift)
Validate your readiness for processing ISO 20022 messages (plain or multi-format).
Prepare for live deployment
Upgrade your live interface
Upgrade your messaging interface to a version that supports multi-format MX messages.
Validate and import the FINplus Bootstrap file
Import a synchronised RMA starting point into your messaging interface.
Configure your interface and set up your live connectivity
Configure your messaging interface for the FINplus live service.
Want to know more?
CBPR+ Interactive Readiness Checklist
The CBPR+ interactive readiness checklist gives you an opportunity to assess your own readiness level
Get started with ISO 20022
The list of all useful links to support you in your ISO 20022 readiness journey
Key documents overview
To help you navigate through the suite of supporting documents we have available
