ISO 20022 Programme

The ISO 20022 Programme will change the way you send cross-border payments and reporting instructions. Find out what this means for you.

Quality data means quality payments

ISO 20022 is an increasingly established global language for payments messaging. Already used by payment systems in over 70 countries, in the coming years it will be the de facto standard for high-value payment systems of all reserve currencies, supporting 80% of global volumes and 87% of value of transactions worldwide.

By creating a common language and model for payments data, ISO 20022 significantly improves the quality of data across the payments ecosystem. Richer, structured, meaningful data will enable new client experiences, while improving compliance and efficiency.

ISO 20022 is flexible enough to meet the needs of today and those of tomorrow.

Moving to ISO 20022

ISO 20022 migrationMoving to ISO 20022
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Moving to ISO 20022

Now is the time: Start planning for ISO 20022

With payment systems of all reserve currencies adopting ISO 20022, the financial community with consensus has decided to move to the new standard in Financial Institution to Financial Institution payments and reporting. SWIFT is facilitating this community-wide adoption with the ISO 20022 Programme. The programme will establish a new messaging service, co-existence measures to support adoption, training and adoption services towards this goal. New ISO 20022 messages, compliant with agreed market practice, will be live on SWIFT as of November 2021. After a period of four years of coexistence, the corresponding legacy SWIFT MT messages will be decommissioned on the SWIFT platform. The adoption of ISO 20022 applies only to payment instructions and reporting messages exchanged bilaterlly between financial institutions. Other transactions such as corporate payments and cash management, securities post-trade, clearing and settlement, corporate actions, FX, treasury and trade finance are currently not in scope.

Supporting end-to-end automation

A single standard that covers all business domains and end-to-end business processes, ISO 20022 facilitates the creation of new services and enhanced straight-through processing.

Using modern technology

ISO 20022 uses modern, mainstream XML technology which is well supported and which facilitates efficient integration.

Worldwide adoption

Almost 200 market infrastructure driven initiatives are either already implementing ISO 20022 or are considering adopting the standard for payments and securities transformation projects.

Learn more about ISO 20022

Gain a greater understanding of ISO 20022.

Document centre

Last update: 
25 September 2019

The ISO 20022 standard Frequently asked questions

The ISO 20022 standard Frequently asked questions Issue 1: October 2019
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  • FAQs
Last update: 
25 September 2019

ISO 20022 Third party toolkit

Quality data means quality payments - How we share the benefits of ISO 20022
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  • Standards
ISO 20022
Last update: 
20 September 2019

ISO 20022 for dummies

Read this book for more info on why ISO 20022 matters, and the benefits for you.
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  • ISO 20022 Harmonisation
  • ISO 20022

SWIFT’s role in supporting ISO 20022

Registration authority

As the Registration Authority for ISO 20022, we oversee the financial repository and safeguard the quality of the standard.

Content contributor

We have submitted or co-submitted more than half of all message developments to the ISO 20022 portfolio.

Market practice facilitator

A trusted harmoniser of global and local market practice for ISO 20022, we advise communities on best practice.

Knowledge and expertise provider

Our rich experience and knowledge of ISO 20022 enables us to bring invaluable support to market infrastructures and their communities.