ISO 20022: Survival Guide

Treasury and Trade Solutions Introduction The November 2022 ISO 200222 go-live date for the SWIFT Network is fast approaching and the expectation is that 85% of all Market Infrastructures (by payments value) will migrate by 2025. The transition to ISO 20022 will bring significant changes across the payments industry. We have created this guide to help guide our clients through the transition and provide insight into why these changes are happening, how the new standard will work and all the benefits that ISO 20022 can provide. This material has been created based on Cross Border Payments & Reporting Group (CBPR+) guidelines to ensure standardization across all MX messages. CBPR+ defines how ISO 20022 will be used in Financial Institution to Financial Institution payments and reporting and advises on the standards for MX messaging across the SWIFT network.