September 2023: On the Wire - ISO® 20022 Newsletter
Updated ISO® 20022 format specification documents have been posted
The following ISO 20022 format specification documents have been posted to the Fedwire® Funds Service page on the MyStandards® platform provided by SWIFT®:
- Updated Fedwire Funds Service ISO 20022 Implementation Guide (refer to the Document Change History section to view the changes)
- Updated Fedwire Funds Service ISO 20022 MyStandards Readiness Portal Guide
- Updated usage guidelines to reflect changes related to the structuring of postal address information of parties and entities in ISO 20022 messages as redefined by the global Payments Market Practice Group
- New usage guidelines for the investigation messages (i.e., camt.110 and camt.111)
- Fedwire Funds Service ISO 20022 Technical Guide along with two proprietary XSD files (provided in a private page on MyStandards)
- Instructions to gain access (PDF) to the Technical Documentation Release 2025
Please join us at our upcoming Fedwire Funds Service ISO 20022 education sessions
In-person workshop at the Federal Reserve Bank of New York
Last call to sign up for the in-person workshop on October 18, 2023 (9 a.m. to 4 p.m. ET) at the Federal Reserve Bank of New York (Off-site) (33 Liberty Street, New York) This informal forum is open to anyone in your organization’s ISO 20022 migration for the Fedwire Funds Service who still has questions to ask our subject matter experts. We are accepting the Expression of Interest form on a first-come, first-served basis. Please note, due to space constraints, we will limit the number of attendees to no more than three per organization.
Drop-in Sessions
Registration is open for our upcoming drop-in sessions so join us with your questions. If you have urgent questions, you can always contact us directly.
- Wednesday, October 25, 2023 at 2:00 p.m. ET drop-in session to ask your questions to our experts
- Thursday, November 9, 2023 at 2:00 p.m. ET drop-in session to ask your questions to our experts
Register for October 25 Drop-In Session
Register for November 9 Drop-In Session
Live Webinars
We will host two more focused webinars on the following ISO 20022 messages in the fall. All materials referenced below are available on the Fedwire Funds Service page on the MyStandards® platform.
Account Reporting Deep Dive on October 4, 2023 at 2:00 p.m. ET
- Prepare by reading Chapter 8 of the Fedwire Funds Service ISO 20022 Implementation Guide and Chapter 8 of the Fedwire Funds Service ISO 20022 Readiness Portal Guide.
- Consult the implementation guidelines for account reporting (i.e., camt.052 and camt.060)
Register for the October 4 Account Reporting Deep Dive Webinar
Investigations Deep Dive on November 8, 2023 at 2:00 p.m. ET
Save the Date!
Content and Registration Info to come!
Helpful consolidated Quick Reference Guide on MyStandards
Based on your feedback, we have published a consolidated Quick Reference Guide on MyStandards that provide additional details and guidance on the following topics. We will continue to highlight new topics as they are added in future newsletters.
- Mandatory vs Optional ISO 20022 Messages
- Local Instrument Codes
- IMAD/OMAD and Other Identifiers
- US Treasury Tax Payments
- Postal Addresses (coming soon)
- Drawdown Requirements (coming soon)
We are getting close!
We are only a few weeks away from onboarding remaining impacted customers to the second Depository Institution Testing (DIT2) environment. Help us reach our final milestone by the end of September! If your organization has not completed its onboarding tasks, please do so as soon as possible. View the great progress we have made to date on the DIT2 Onboarding Dashboard (PDF) in the Implementation Center.
More information?
For additional information, please visit the Fedwire Funds Service ISO 20022 Implementation Center (e.g., register for live events, view recordings of past webinars, FAQs, vendor list). For specific questions related to this newsletter, please contact us.