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Ensure you're fully prepared for November 2022

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 November 2022.

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.

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

Latest news on ISO 20022

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