ISO 20022
Toolkit
Be ready for the
end of coexistence
With the deadline for migrating to ISO 20022
for CBPR+ approaching fast, your bank needs
to act now to avoid any risk of disruption to your
clients’ services.
The November 2025 deadline for How is the migration to ISO
adopting ISO 20022 for cross-border
20022 progressing?
payments is on the horizon – and
Financial Institutions all around the Swift is here to support the industry
globe need to make sure they are ready with their decision to transition to ISO
for it. 20022. Since March 2023 we are in a
period of coexistence, where messages
We’re here to support our community can be exchanged in ISO20022. This
throughout the adoption cycle to has allowed early adopters to already
prevent unforeseen outcomes that start to benefit from ISO 20022’s richer
can include higher costs, disruption and more structured data. Financial
when sending payment messages, or institutions that have finished their
compliance issues. migrations have said they’re already
seeing benefits, and expect this to
increase as momentum builds to
What is ISO 20022? November 2025, with more institutions
ISO 20022 is an open global standard completing their migrations, and ISO
for exchanging financial information. It 20022 becoming the norm.
provides consistent, rich and structured
data that can be used for every kind
What will happen in
of financial business transaction that
comes with a host of benefits. November 2025?
After 22 November 2025, the
Whether that’s from more streamlined coexistence period between MT/
compliance, improving straight-through ISO 20022 ends, and all cross-border
processing (STP) rates, saving on payment instructions must be
operational costs, or creating more exchanged in the new ISO 20022
innovative products. Read more about messaging standard.
the basics of ISO 20022 in our popular
ISO 20022 for Dummies® ebook. The If you haven’t migrated to ISO 20022 by
transition should be viewed as an this deadline, payments instructions in
opportunity to modernise and future- scope of the migration still exchanged
proof your back-office applications. in MT format may be negatively
This is more than just a compliance task acknowledged (NAK’d) by the Swift
because while payment instructions are network therefore won’t be processed
moving to ISO 20022 first, there will be or may incur additional costs due to
further milestones in future for other the need for contingency processing
message types, like reporting, charges, measures.
securities or trade.
If you haven’t addressed the changes
your institution needs to make, you may
also face regulatory and compliance
risks going forward.
ISO 20022 adoption: Discover how the end of coexistence affects you after 22 Nov 2025
Yes These MT cannot be
Message immediately NAK’ed
No Do you send MT 102, MT 102 STP, exchanged anymore.
MT 103 REMIT, MT 201, MT 203 You must send the
No action needed equivalent ISO 20022
No message
Contingency processing
Do you send MT 103, MT 103 STP, Yes
activated: Messages processed,
No MT 200, MT 202, MT 202 COV, Yes Does this message meet delivered as ISO 20022 and
MT 205, MT 205 COV the additional validation rules subject to additional cost
Sending
No action needed No Correct the
No Message message and
NAK’ed resend with the
same UETR
Are you ready to send Great, please continue your
Yes
pacs.008, pacs.009/COV migration of non-instruction You’re now ready to send and
pacs.002, pacs.004 messages, as needed receive ISO 20022 messages
and will not be charged or face
operational risk due to
Yes contingency processing
Great, please opt out of In-flow
Are you ready to receive translation to avoid charges
pacs.008, pacs.008 STP
pacs.004, pacs.002 neg
Receiving In-flow translation ensures the
pacs. 009 & variants
message will be delivered
No with embedded MT format,
subject to additional cost
What steps can you take to Where next? 3. When you’re ready to start your
project, have a look at the following:
ensure readiness? 1. Get to grips with the basics by
Fact sheet: Building your business
If you aren’t ready for ISO 20022, it’s checking out ‘ISO 2002 for Dummies®’
case for ISO 20022
time to get started. First, make sure you Project planning tool: ISO 20022
understand how it affects your institution 2. Take a deeper dive in our ISO 20022
Adoption Project Navigator
by using this flow chart, and the possible resources:
Swift is a member-owned cooperative, You can register for your MySwift login
consequences of not being ready. Also, Ebook: Supercharge your payments
providing secure financial messaging for access to even more resources.
take a look at the tools and resources business with ISO 20022
services to more than 11,000 organisations,
available to help you adopt ISO 20022. Events: LinkedIn Live recordings and
across the financial ecosystem, in almost 4. The Swift Professional Services
every country in the world. For nearly five the ISO 20022 playlist
Note: MT messages excluded from the teams can assist you with Business,
decades we have delivered certainty, Read: Why J.P. Morgan Payments
CBPR+ migration: Standards and Technical advisory
continuity and excellence by constantly took a strategic approach to ISO
- SCORE between corporates and banks may continue services in support of your efforts
evolving in an everchanging landscape. 20022 adoption and How ISO 20022 is
In today’s fast moving, increasingly
exchanging MTs after November 2025 to assess the impact of the CBPR+
helping Diamond Trust Bank achieve
connected and challenging world, this - M I CUG: Market Infrastructure Closed User Groups on your payments value chain and
may continue exchanging MTs including MT103 operational excellence | Swift
approach has never been more relevant. to prepare for its ISO 20022
and MT202 after November 2025 within the Catch-up: Get all the latest
closed user group adoption project.
swift.com ISO 20022 news with ISO in Bytes for
See details in 5026039 - How do you assess if your payments
traffic must be migrated to CBPR+
February 2025
