Cross-border Payments and Reporting (CBPR+): Swift ISO 20022 Standards November 2023

07.09.2023

Following Announcement C22033, Clearstream Banking¹ informs clients that, effective

20 November 2023

a number of changes related to Swift ISO 15022 and ISO 20022 standards will be implemented with the Swift Release 2023. Impacted media channels include Xact via Swift, and Xact Web Portal.

The messages in scope for Clearstream Banking in November 2023 are listed in the table below.

• Clients can continue to send messages in MT format;
• MT9xx reporting messages can be transmitted outbound in ISO20022 camt.05x format.
• Clearstream can receive inbound reporting statements in either MT or MX formats.

The enhancements include new information for

MT Message Type	CBPR+ ISO 20022 MX equivalent
MT900, MT910	camt.054.001.08	Bank to Customer DebitCreditNotification
MT940/MT950	camt.053.001.08	Bank to Customer Report
,MT942	camt.052.001.08	Bank to Customer Statement

Impact on clients

Clearstream Banking will be able to receive ISO 20022 format for currently supported standard cash messages. These messages are processed using the Multi MX format with embedded MT.

A Swift User Guide, with detailed descriptions of the messages, will be published shortly.

Background

The Cross Border Payments & Reporting Group (CBPR+) has defined how ISO 20022 will be used in Financial Institution to Financial Institution payments and reporting across the Swift network.

Swift will be fully ISO 20022 compliant by November 2025 for cross-border payments and reporting services. The ISO 20022 standard is the next generation of Swift instructions which will supersede the current MT standard on the journey towards a rich and structured language for payment data.

Further information

For further information, please contact the Clearstream Connectivity Helpdesk or your Relationship Manager.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany, and registered in Register B of the Amtsgericht Frankfurt am Main, Germany, under number HRB 7500.