The CBPR+ working group has endorsed the final version of the Cross Border Payments and Reporting messages (and translation rules) that will go live from November 2022.
All usage guidelines have been posted in one single Collection on MyStandards since 31 March. It was agreed that the Collection will be named “CBPR plus ISO 20022 PORTFOLIO – November 2022 – version 2.0”. It should be noted that there will be no reference to Phase 1, 2, 3 anymore and the final list of messages that will be available in November 2022 are below:
CBPRPlus-pain.001.001.09_CustomerCreditTransferInitiation
CBPRPlus-pain.002.001.10_CustomerPaymentStatusReport
CBPRPlus-pacs.008.001.08_FIToFICustomerCreditTransfer
CBPRPlus-pacs.008.001.08_STP_FIToFICustomerCreditTransfer
CBPRPlus-pacs.009.001.08_FinancialInstitutionCreditTransfer
CBPRPlus-pacs.009.001.08_COV_FinancialInstitutionCreditTransfer
CBPRPlus-pacs.009.001.08_ADV_FinancialInstitutionCreditTransfer
CBPRPlus-pacs.002.001.10_FIToFIPaymentStatusReport
CBPRPlus-pacs.004.001.09_PaymentReturn
CBPRPlus-pacs.010.001.03_Interbank Direct Debit
CBPRPlus-camt.056.001.08_FIToFIPaymentCancellationRequest
CBPRPlus-camt.029.001.09_ResolutionOfInvestigation
CBPRPlus-camt.060.001.05_AccountReportingRequest
CBPRPlus-camt.052.001.08_BankToCustomerAccountReport
CBPRPlus-camt.053.001.08_BankToCustomerStatement
CBPRPlus-camt.054.001.08_BankToCustomerDebitCreditNotification
CBPRPlus-camt.057.001.06_NotificationToReceive
The MT/MX equivalence table available on MyStandards has been updated to reflect the translation rules available, and the deployment and retirement date of the legacy messages. The CBPR+ Readiness Portal has also been updated. The Translation Portal will be updated by July 2021.
The usage guidelines for the new ISO messages that will replace the MT110, MT111 and MT112 for Cheques and the MT190, MT290, MT191 and MT291 will target implementation in November 2023. These new ISO messages are currently being evaluated by the ISO PaySEG, and the CBPR+ working group has agreed to work on Usage Guidelines of these new messages later in 2021.
Similarly, at the request of the industry, the existing ISO messages covering the Exceptions and Investigations processes (other than the Cancellation Request and the Response) are going through an important review by the ISO PaySEG. Those messages were developed almost 10 years ago and the industry believes they should be modernised before implementation by the CBPR+ community.
We at Nth Exception collaborate with Banks and Financial Institutions to analyze, solutionize, and optimize cross border payments processes.
