The Swiss financial industry has released recommendations (Swiss Payment Standards) on exchanging of data between customers and banks based on the ISO 20022 definitions in the payments and Cash Management areas. A validation platform supports the consistent use of the ISO 20022 messages.
In assignment by PaCoS (Payments Committee Switzerland), a working group elaborated the Swiss Payment Standards for implementation of the format standards for payments initiation based on the ISO 20022 standard. The Swiss Payment Standards, which are supported by all Swiss financial institutions, are based upon the basic documentation issued by the ISO and the EPC (European Payments Council) and are reflected in the two rulebooks, the “Swiss Business Rules” and the “Swiss Implementation Guidelines”.
Swiss Payment Standards
The Swiss Payment Standards are summarized in the Business Rules and Implementation Guidelines. Below is an overview of the most recent versions. The older ones are available in the archives.
Swiss Business Rules SPS 2020 (Version 2.9 of February 2020)
The Business Rules for Credit transfers, SEPA Direct debits and Cash Management describe from a business perspective the business cases with the parties involved and the messages used (payment types), shows the message structures with details of the individual structural elements and lists the most important validation rule and error handling.
Implementation Guidelines for credit transfers SPS 2020 (Version 1.10 of February 2020)
The specifications to the credit transfer (Payment Initiation) cover the entire Swiss payment traffic and enable the submission of payment orders (inclusive SEPA). This document contains instructions for the technical implementation of the ISO 20022 “Customer Credit Transfer Initiation” message (pain.001).
Implementation Guidelines for Cash Management SPS 2020 (Version 1.7.1 of February 2020)
The specifications to the bank-to-customer message report (cash management) cover the electronic account statements, the debit authorizations and credit advices. They are based on the ISO and the corresponding EPC and SWIFT recommendations. This document contains instructions for the technical implementation of the "Bank To Customer Account Report" (camt.052), "Bank To Customer Statement" (camt.053) and "Bank To Customer Debit/Credit Notification" (camt.054).
- IG Customer-to-Bank Cash Management: camt example
Original ISO 20022 XML-Schema for camt.053.001.02
Original ISO 20022 XML-Schema for camt.053.001.04
Original ISO 20022 XML-Schema for camt.054.001.04
Implementation Guidelines for Swiss direct debits SPS 2018 (Version 1.2 of April 2018)
The definitions for Swiss direct debits cover the banks schemes (LSV+/BDD) and the PostFinance scheme (CH-DD direct debit) and enable the collection of direct debits using the ISO 20022 standard:
● version 1 for the CH-DD direct debit scheme and
● version 2 for the LSV+/BDD schemes
Implementation Guidelines for Status Report (Version 1.1.1 of August 2017)
The XML message "Customer Payment Status Report" (pain.002) is used by the financial institution to inform customers about the status of "pain.001" transfer orders or "pain.008" collection orders that have been sent. These documents serve as instructions for the technical implementation of the ISO 20022 message "Customer Payment Status Report" (pain.002).
Implementation Guidelines for SEPA direct debits SPS 2018 (Version 2.6 of December 2017)
The EPC specifications form the basis of the Swiss SEPA direct debit guidelines. These documents serve as instructions for the technical implementation of the ISO 20022 message «Customer Direct Debit Initiation» (pain.008) for SEPA direct debits. The use of the respective version must be agreed upon with the financial institution.
Version of February 2019
Versions of January 2018
Versions of December 2017
Version of September 2017
Versions of August 2017
Versions of May 2017
Version of March 2017
Versions of November 2016
Versions of July 2016
Versions of December 2015
Versions of August 2015
Version of April 2015
Versions of June 2013
|September||Submission of amendments|
|Deadline for submission of change requests for the next SPS release (to be published in February of next year). At the same time, the deadline for submitting change requests for the next SPS release begins.|
|October||Publication of planned amendments|
|The amendments planned up to this point will be published and any feedback will be sought.|
|November||End time for feedback on planned amendments|
|Expiry of time period for feedback on planned amendments|
|February||Publication of the annual SPS release|
|The updated version of the documents will be published as annual release SPS SR20nn.|
|April||Update of the SIX Validation Portal|
|The SPS annual release definitions published in February can be tested on the SIX validation portal.|
|November||Implementation by banks|
|The SPS annual release definitions published in February are supported by the banks as of the SIC release date.|