Skip to main content
Header logo

The global provider
of secure financial messaging services

ISO 20022 for Financial Institutions

Making the move to ISO 20022

The community made the decision in 2018 to move cross-border and correspondent banking from SWIFT MTs to ISO 20022 by November 2025, using usage guidelines provided by the CBPR+ group of experts.

Based on business and technology impact assessments, you need to decide on an ISO 20022 implementation roadmap to suit your situation, your vision and your needs.

The full picture

You need to understand how different market infrastructure projects impact the implementation options for financial institutions, and evaluate the relative merits of a tactical versus strategic implementation.

Understanding these priorities makes it easier to build an ISO 20022 roadmap, and you can rely on industry support, products and tools along the way.

Defining market practice for FI to FI payments & reporting

To define a common best practice in using ISO 20022 for FI to FI payments and reporting, we are facilitating the collaboration across representatives of the community with the Cross-Border Payments and Reporting Plus (CBPR+) group.

The working group, formed of international payments experts, will formulate global market practice, usage guidelines and translation rules for the adoption of ISO 20022.

The development of a standardised global approach will also help lower the implementation cost for the industry as a whole.

To see the CBPR+ usage guidelines, access MyStandards.

Access MyStandards

CBPR+ usage guideline development phases

The CBPR+ group has published its Phase 1 usage guidelines on MyStandards; this schedule tells you what else is in the CBPR+ pipeline.

Existing FIN MTs
ISO 20022 equivalent
Usage guidelines
Translation rules in Translation Portal
Translation rules document
Status
MT 103 pacs.008.001.0x Published Published Published Completed
MT 102 ** / 103 REMIT pacs.008.001.0x Published No translation planned N/A Completed
MT 202 / 202 COV pacs.009.001.0x Published Published Published Completed
MT 200 / 201** / 203 / 205 / 205 COV pacs.009.001.0x Published No translation planned N/A Completed
MT 102 / MT 202 (RETURN Flow) pacs.004.001.0x Published Published (MX to MT 103 New - only) Published Completed
    N/A MT to MX out of scope N/A N/A
MT 102 / MT 202 (REJECT Flow) Negative pacs.002.001.xx Published Published (MX to MT 199/MT 299 only) Published Completed
    N/A MT to MX out of scope N/A N/A
No equivalent Positive pacs.002.001.0x Published No translation planned N/A Completed
MT 210 camt.057.001.0x Published Published, MX to MT - Single only Published Completed
MT 900 / 910 camt.054.001.0x Published Published Published Completed
MT 941 / 942 camt.052.001.0x Published No translation planned N/A Completed
MT 940 / 950 camt.053.001.0x Published Not required - guidance provided in UHB N/A Completed
MT 920 camt.060.001.0x Published No translation planned N/A Completed
No equivalent head.001.001.0x, v2 Published No translation planned N/A Completed

** Single transactions only are allowed until further notice

Existing FIN MTs
ISO 20022 equivalent
Usage guidelines
Translation rules in Translation Portal
Translation rules document
Status
MT 103 STP pacs.008.001.xx STP guideline Published No translation planned N/A Completed
MT 103 STP EU

pacs.008.001.0x STP EEA_EU
Combined with the pacs.008 STP UG

Published No translation planned N/A Completed
MT 204 pacs.010 Published No translation planned N/A Completed
MT 104 pacs.003 Dropped & out of scope of CBPR+ N/A N/A N/A
Existing FIN MTs
ISO 20022 equivalent
Usage guidelines
Translation rules in Translation Portal
Translation rules document
Status
MT 192 / 292 Cancellation Request camt.056.001.xx - Cancellation Request

Planned for in collaboration with gpi expert group

(Usage Guidelines will be created in context of Community Case Management - WG2
To be confirmed To be confirmed In planning
MT 195 / 295  (Query)  camt.026.001.xx - Unable to Apply
camt.027.001.xx  - Claim Non Receipt
camt.087.001.xx - Request to Modify
       
MT 196 / 296 (Answer) camt.029.001.xx - Resolution of Investigation         
MT 199 / 299 TBC        
MT 101 pain.001.001.xx - Relay payment by banks Waiting for CGI deliverable To be confirmed To be confirmed In planning
MT 110 / 111 / 112 New Cheques Messages Development in progress To be confirmed To be confirmed Planned
MT n90 / n91 New Fee Messages Development in progress To be confirmed To be confirmed Planned

How can we help?

We are committed to making this transition as easy as possible for our community and provide consulting services to support you.

To support your operating environment in its adoption of ISO 20022, we have a comprehensive portfolio of flexible and customisable support and care services. 

resource
ISO 20022 Services

Is your vendor CBPR+ ready?

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

Loading...