What is CBPR+?
Cross-border payments and reporting plus (CBPR+) is a workgroup of payments experts whose mission is to create global ISO 20022 Market Practice and Implementation Guidelines to ensure a common roll-out and implementation of ISO 20022 by banks.
CBPR+ usage guidelines define how ISO 20022 messages are to be used for cross-border payments and cash reporting on the Swift network and are to be validated.
Usage guidelines and translation rules are available on MyStandards.
How is CBPR+ linked to the PMPG?
The CBPR+ group is composed of payments experts from PMPG communities and a handful of non-PMPG banks nominated by Swift.
As members representing their specific community, each is responsible for reporting to that community and ensuring that its needs are represented in all workshops. Swift chairs the CBPR+ meetings and is responsible for the secretariat.
CBPR+ go-live in March 2023
The initial CBPR+ release was implemented in March 2023, covering a series of payment initiation (pain), payment clearing and settlement (pacs) and cash management (camt) messages. It is made of 15 usage guidelines that can be consulted in MyStandards.
CBPR+ messages are exchanged on FINplus, the InterAct store-and-forward messaging service, used for ISO 20022 messages in a many-to-many setup.
CBPR+ release of November 2023
March 2023 was only the start, with additional CBPR+ messages migrating during the coexistence period. The November 2023 release saw cheques, direct debits, and a few other use cases (cancellation, margin collection) going live. It is made up of 8 usage guidelines that can be consulted in MyStandards.
From this release onwards, implementation follows the regular Standards Release timeline: messages are testable on the network from the end of July, and generally available from November.
CBPR+ release in November 2024
End of CBPR+ coexistence in November 2025
By November 2025, cross-border payments and reporting traffic will have migrated to the ISO 20022 format, and Categories 1, 2 and 9 of MT messages will have been retired. That moment will mark the end of the co-existence period.
MT 199, MT 299 and MT 999 messages used in the payments business domain will also be decommissioned in November 2025. This type of traffic will have to migrate to the appropriate ISO 20022 equivalent.
Please note the Payment Standards Maintenance Group does not intend to approve any changes during the MT/MX coexistence period unless they are deemed critical, or required for regulatory reasons.
You can check for updates and announcements of maintenance releases through the annual standards release process.