ISO 20022 Harmonisation

SWIFT has launched an industry programme to ensure a cost effective and seamless adoption of ISO 20022 by Market Infrastructures and their communities

About the Harmonisation Charter

ISO 20022 is emerging as the preferred choice of messaging standard for market infrastructures around the world. As ISO 20022 implementations proliferate, variability in the ways in which ISO 20022 is deployed, in terms of message versions, market practice rules and release cycles, threatens to undermine its value.

SWIFT Standards’ Harmonisation Charter sets out a series of measures designed to drive harmonisation of the rollout of ISO 20022 along 3 principal axes:

  1. Sharing of information
  2. Adherence to market practice, as well as message version and release management
  3. Publishing information on a common and global platform: MyStandards

Harmonisation diagram

From the global banking perspective, this is a great collaborative initiative that will benefit all Financial Institutions and Market Infrastructures longer term. By taking a standardised global approach to ISO 20022 implementation, the industry as a whole will be in a much better place to manage and lower costs, ensure efficient implementation, and most importantly, keep the focus where it should be – serving our customers.”

— Marcus Sehr, Global Head Institutional Cash, Deutsche Bank

Learn more

The success of the ISO 20022 harmonisation programme depends crucially on engagement from the Market Infrastructure community. If your organisation or your community is interested in receiving additional information please contact your account manager or regional representative.


Standard Chartered, Jyi Chen Chueh


National Settlement Depository, Sergey Putyatinskiy


Clearstream Banking, Bernard Lenelle

Endorsing Market Infrastructures

The following Market Infrastructures have endorsed or support the Harmonisation Charter to jointly implement a global framework enabling the ISO20022 harmonisation across the industry. This endorsement means that those Market Infrastructures will to the extent possible adopt and apply the best practice principles outlined in the charter

Read more about Harmonisation

ISO 20022 Charter Endorsement - Next Steps for Market Infrastructures

Consult the information paper to know more about the different steps for the MI to complete once they have endorsed the ISO 20022 Harmonisation Charter

Benefits of ISO 20022 Harmonisation Charter – Factsheet

Consult the factsheet to understand the benefits of the harmonisation framework for Financial Institutions and FMIs

ISO 20022 Harmonisation Charter

SWIFT Standards’ harmonisation proposal sets out a series of measures designed to drive harmonisation of the rollout of ISO 20022

ISO 20022 Harmonisation plan - Press Release (October 2015)

SWIFT collaborates with market infrastructures to ensure a cost effective and seamless move to ISO 20022

ISO 20022 Harmonisation Best Practice - Information Paper

The paper describes the initiative that SWIFT has undertaken with the industry, which brings consistency to the rollout of ISO 20022 in a way that benefits the user community without sacrificing necessary flexibility for FMIs. The end-goal is to create a common framework that helps FMIs and their communities adopt and use the standard in a cost-effective, timely and consistent way.

Working in Harmony

Banking Technology Roundtable: Standards Harmonisation

Frequently Asked Questions

Consult the FAQs for more information regarding the Charter