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Standard MT Release 2018 - Business highlights

The annual MT Standards release ensures that the message types (MTs) exchanged by SWIFT users remain suitable for the business areas in which they are used, by enabling new business functionality and compliance with changing regulations.

Click here to learn more about high level, business information related to the changes made to MT messages as part of Standards Release 2018 (SR 2018).

Standards MT Release 2018 and 2019: prepare for major changes related to Category 7 messages

We would like to inform you that a mandatory maintenance will be performed on MT Category 7 messages in November 2018 and November 2019, as part of the continuous improvement of our standards.

To ensure you can plan sufficiently in advance for these releases and to provide you with all the information you need, SWIFT Standards has organised webinar sessions that have been recorded. More information can be found here.

The advance documentation for the Category 7 messages can be found here.

In addition to the above changes, we have also published the new MT 798 Trade Guidelines for corporate-to-bank communication V5.

Standards MT Release 2020: Free format deletion for party fields in MT Payments messages

The Payments Maintenance Working Group (PMWG) decided in its August 2015 meeting to mandate the use of structured data in ordering and beneficiary customer fields by removing the free format options from these fields in the November 2020 standards release.
A five year time-frame was chosen because the change may have far-reaching consequences for banks’ payment processing systems. SWIFT recommends the community to prepare for the 2020 release and to migrate as soon as possible to the structured format options 50F and 59F.

More details in the dedicated Standards Information Paper.

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Standards releases

Standards MT Release Guide 2017

The Standards Release Guide (SRG) for Standards MT November 2017 describes the changes for the next version of the Standards messages.

Standards releases

Category 7 – Upgrade SR2018 and 2019

The revamp of Category 7 is the biggest upgrade ever and will include 9 new messages

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