ISO 20022: Survival Guide

9 | Treasury and Trade Solutions MT ISO 20022 (MX) (1: F01OELBATWWAXXX09750000073 (2: I103ABNANL2AXXXU3003) (3: (113:URGT)(108:1NTLPMTS)) (4: (CrLf) :20:494932/DEV (CrLf) :32A:0307031EUR19658, 47 (CrLf) :33B:EUR1958, 47 (CrLf) :50K: Franz Holzappfel GMBH (CrLf) Vienna (CrLf) :59:H.F. JANSSEN (CrLf) AMSTERDAM (CrLf) :70:/INV 19042 910412 (CrLf) :71A: SHA (CrLf) -) (5: (CHK: 123456789AVC)) Basic header block Application header block User header block Text block Trailer block SWIFTNet Headers Envelope — container for the business message The business message comprises the application header and “business” document The “business” document contains the MX message instance (or ISO 20022 message instance) ISO 20022 Business Application Header ISO 20022 Message Business Message Application Header Request Payload Request Header Request Exchange Request Document MX Message Instance Crypto <AppHdr> … </AppHdr> <Document> … </Document> Source: SWIFT. For more information, visit myStandards. The ISO 20022 method is based on the concept of separate layers. We distinguish three layers: the top layer provides the key business processes and concepts; the middle layer provides logical messages or message models; and the bottom layer deals with syntax. • With MX messages it uses XML tags that are more descriptive and understandable • MX messages are significantly longer than MT messages, capturing a much larger amount of data ISO 20022 Structure Learn more about the structure & basics of ISO 20022 in our ISO Mini-Series Part 1 here Material