Fedwire® Funds Services ISO® 20022 Frequently Asked Questions (revised as of May 2024)

The Federal Reserve is committed to providing the answers and information you need. Answers to frequently asked questions about the Fedwire Funds Services ISO 20022 migration can be found using the links below.

If your question is not answered by the information provided on the site, please contact us at Fedwire.Funds.Format@ny.frb.org with your questions.

  1. ISO 20022 Overview and Implementation Details
    • ISO 20022 Overview
    • Fedwire Funds Service ISO 20022 Implementation
  2. Education and Training
  3. Format/Technical Documentation and MyStandards® Questions
    • Format Documentation
    • Technical Guide and Business Application Header
    • MyStandards Questions
  4. Format Questions
    • ISO 20022 Format Questions
    • Postal Address Requirements
  5. Account Reporting
    • General Questions
    • Account Balance Report
    • Endpoint Totals Report
    • Endpoint Details Report
    • Endpoint Gap Report
    • Activity Report
    • FedPayments Manager – Funds Reports
  6. FedPayments Manager for the Fedwire Funds Service via The FedLine Advantage Solution
  7. Testing
    • DIT2 Onboarding
    • Testing Requirements
    • MyStandards Readiness Portal
    • DIT2 Environment
    • Production Saturday Environment
  8. Industry Readiness and Production Cutover Preparations
    • Industry Readiness
    • Production Cutover Preparations
  9. Software Vendors
  10. Additional Questions

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