What Is ISO 20022?
ISO 20022 is a globally accepted standard for creating messages for the financial services industry. These messages may convey various types of transactions, for example a payment instruction, or information such as an account statement between the parties involved.
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Customer-Bank Messages
On behalf of the Payments Committee Switzerland (PaCoS), recommendations for a Swiss market practice (Swiss Payment Standards) for customer-bank data exchange are being formulated and published based on the ISO 20022 messages. They cover the business areas of cash management reporting and payment instruction placement.
In addition to the Swiss Interbank Clearing (SIC/euroSIC) regulations, the Swiss Payment Standards (SPS) also take into account the requirements of the European Payment Council for SEPA and for cross-border payments via the SWIFT network.
Swiss Payment Standards
The Swiss Payment Standards are summarized in the Business Rules and Implementation Guidelines. Jeweils im November findet ein ordentliche Standard-Release statt. Im Folgenden findet sich eine Übersicht der aktuell gültigen Versionen, sowie ab Februar die Versionen für den kommenden Standard-Release.
The older versions are available in the archives.
The validation portal serves to promote the uniform application of the ISO 20022 standard for payments in the Swiss financial center. It supports software providers/corporates and financial institutions in their effort to ensure a high quality of the technical validation of ISO 20022 messages.
Link to Validation Portal Customer-Bank Messages:
https://validation.iso-payments.chInterbank Messages
The Implementation Guidelines, which contain the rules mutually agreed upon by Swiss interbank governance bodies and committees, are binding for all SIC participants.
Implementation Guidelines
A modular approach was used for the structure of the Implementation Guidelines. The module documentation – an overarching basic document and individual message-specific documents – contains information on the application-specific handling of the relevant ISO 20022 messages in exchange with SIC and euroSIC.
The older versions are available in the archives.
Downloads for the SIC Platform Release 4.9
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Implementation Guidelines – SIC Platform Release 4.9
Complete package, incl. Errata of 07.04.2022
The validation portal interbank messages helps to promote the uniform application of the ISO 20022 standard for SIC and euroSIC payments. It allows financial institutions to ensure a high quality of the technical validation of ISO 20022 interbank messages.
Link to Validation Portal Customer-Bank Messages:
https://validation.iso-payments.ch/SIC4