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CBPR+ roadmap

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.

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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.

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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

2024 is the year of charges messages. The CBPR+ workgroup developed 4 usage guidelines to cover notification and request use cases. They can be consulted in MyStandards.

CBPR+ release in November 2025

The CBPR+ working group is creating new usage guidelines for the camt.025 (“receipt”) and admi.024 (“correspondence”) messages. We expect these guidelines to be available by the end of 2024 and mark another important milestone in the evolution of CBPR+ standards.

Hybrid postal addresses will also be introduced and enabled as part of that release. During a 1-year ‘grace-period’ CBPR+ messages will support a fully structured, hybrid or unstructured postal address for all agents and parties across CBPR+ messages. For more details, please refer to Knowledge Base article 5026188 and our data quality explainer.

CBPR+ release in November 2026

Unstructured postal addresses will be retired and forbidden across CBPR+ messages. Fully structured or hybrid postal addresses must be used instead for all agents and parties, with a fully structured postal address being the more desirable option where possible.

Usage of an unstructured postal address from this point will result in CBPR+ messages to be rejected. Only the camt.052, camt.053 and camt.054 (statements and notifications) will continue to allow these. The retirement of unstructured postal addresses marks another key milestone as the payment industry mandates use of the structured data options that ISO 20022 offers for postal addresses

For more details, please refer to Knowledge Base article 5026188 and our data quality explainer.

Is your partner CBPR+ ready?

Access the list of partners that have confirmed and shared their commitment to support the CBPR+ message collection, in addition to equivalent MTs.

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