Cross-border Payments and Reporting (CBPR+): Swift ISO 20022 Standards - June 2025
Clearstream Fund Centre1 informs clients that the ISO 20022 format will be adopted for a set of CBPR+ messages, effective
16 June 2025
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.
Impact on clients
Clearstream Fund Centre will be able to process all message types listed in the table below in MX format. ISO 15022 (MT) messages will still be supported until the end of the coexistence period, that is, November 2025, with some exceptions as per CBPR+ guidelines.
MX message | Equivalent MT | Nomenclature |
pacs.009 COV | MT202 COV | Financial Institution Credit Transfer (Cover Payment) |
pacs.009 ADV | MT200/202 | Financial Institution Credit Transfer (Advice) |
pacs.009 | MT200/202 | Financial Institution Credit Transfer |
pacs.008 STP | MT103 STP | Customer Credit Transfer (STP) |
pacs.008 | MT103 | Customer Credit Transfer |
pacs.004 (Return) | MT 103/202 RETN | Payment Return |
pacs.002 (RJCT)a | MT199 (REJT) | Payment Status Report (Reject) |
camt.106 | MT191/291 | Charges Payment Request |
camt.105 | MT190/290 | Charges Payment Notification |
camt.058 | MT292 | Notification-to-Receive Cancellation Advice |
camt.057 | MT210 | Notification to receive |
camt.056 | MT192/292 | Payment Cancellation Request |
camt.054 | MT900/910 | Customer Debit/Credit Notification |
camt.053 | MT940/950 | Bank to Customer Statement |
camt.052 | MT941/942 | Bank to Customer Account Report |
camt.029 | MT196/296 | Cancellation Response - Resolution of Investigation |
a. pacs.002 (RJCT) will be used for rejections of payment instructions (pacs.008 and pacs.009). For rejections of non-payment instructions, Clearstream Fund Centre will continue to respond via the same MT message as currently used.
Please note that the list of messages may be subject to change.
Client readiness
All ISO 20022 publications will be available from the Swift “My Standards” portal where the new ISO 20022 MX message format specifications will be available for clients. All the key MX fields in the native CBPR+ messages that are accepted by Clearstream Fund Centre will be clearly highlighted in MyStandards, where all publications and specifications will be updated as of June 2025 in the group “Clearstream Fund Centre”.
A testing subscription form will be made available to clients who wish to access the test environment. More details on the simulation phase will be provided in the coming months.
Further information
For further information, please contact your Relationship Manager.
---------------------------
1. Clearstream Fund Centre refers to Clearstream Fund Centre 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-261691.