Fedwire®, CHIPS and SWIFT Message Format Mapping Information

The Federal Reserve Banks and The Clearing House Payments Company L.L.C. have been working together with the Society for Worldwide Interbank Financial Telecommunication ("SWIFT") to map the formats of the Bank Transfer message and Customer Transfer message in the Fedwire Funds Service ("Fedwire") and CHIPS to the respective ISO 20022 XML messages, which were created based on the Universal Financial Industry (UNIFI) standard.

As a result of this effort, SWIFT has created the following mapping documents:

Four-Way Comparison Matrices

  • Provides a field tag comparison for Bank Transfer and Customer Transfer messages between the ISO 20022, SWIFT MT, Fedwire and CHIPS formats.
  • There is one matrix for the Bank Transfer message and one matrix for the Customer Transfer message.

ISO 20022 Comparison Matrices

  • Provides a detailed description to show how each field tag in the Fedwire and CHIPS Customer Transfer message would translate to the new ISO 20022 XML message created for FI to FI Customer Credit Transfers (i.e., PACS 008.001.01).
  • A separate comparison matrix shows the translation the other way (i.e., from the ISO 20022 XML message to the Fedwire and CHIPS message).
  • Comparison matrices that show how the Fedwire and CHIPS field tags for the Bank Transfer message would translate to the new ISO 20022 XML message created for FI Credit Transfers (and vice versa) are still being developed and will be posted to this site when available.

The purpose of these mapping documents is to educate banks and software vendors that interface with the Fedwire Funds Service, CHIPS and/or SWIFT about the various message formats, helping the industry gain a better understanding of how these formats relate to each other.

The mapping documents are being provided, with the consent of SWIFT, free of charge for educational purposes only.  The Reserve Banks are not responsible for the accuracy of the information contained in the mapping documents and have no obligation to update these documents to reflect any future format changes.

If you would like to provide any feedback to help clarify the information included in these documents, please e-mail NY.FormatComments@ny.frb.org

Message Type Four-Way Comparison
ISO 20022, SWIFT MT, Fedwire, CHIPS 		Detailed Comparison
Fedwire to ISO 20022 and vice versa 		Detailed Comparison
CHIPS to ISO 20022 and vice versa
Bank Transfer
  • ISO 20022 "FI Credit Transfer (PACS 009)"
  • SWIFT "MT 202"
  • Fedwire "BTR"
  • CHIPS "Bank"
 ISO 20022 PACS 009, SWIFT MT202, Fedwire BTR, CHIPS Bank (PDF) In progress In progress
Customer Transfer
  • ISO 20022 "FI to FI Customer Credit Transfer (PACS 008)"
  • SWIFT "MT 103"
  • Fedwire "CTR"
  • CHIPS "Non-Bank"
 ISO 20022 PACS 008, SWIFT MT103, Fedwire CTR, CHIPS Non-Bank (PDF)

Fedwire CTR Message to ISO 20022 PACS 008 (PDF)

ISO 20022 PACS 008 to Fedwire CTR Message (PDF)

CHIPS Non-Bank Message to ISO 20022 PACS 008 (PDF)

ISO 20022 PACS 008 to CHIPS Non-Bank Message (PDF)

"CHIPS" is a registered service mark of The Clearing House Payments Company L.L.C.

"SWIFT" is a trademark of S.W.I.F.T. SCRL

"ISO" is a registered service mark of International Organization for Standardization.

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