ISO20022


When communicating with ISO15022 SWIFT FIN messages the sender and receiver where always specified in the blocks 1 and 2 of the message. These values where known as Bank Identification Codes more commonly named BICs BICs A BIC is an 8 character long unique identifier for all BANKs on the SWIFT Financial network. It is the Banks messaging equivalent of an address. A specific branch of a bank can also be defined with 3 further...

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ISO20022 is not easy and T2S is hard

ISO20022 is not easy and T2S is hard


Posted on Jun 15, 2016

  ISO20022 messages are like teenagers. They’re new and loud and need attention and monitoring. And while they may all look quite similar they all have their very own problems. But most important, they are our future. So lets get to know them a bit better. Scope of complexity ISO20022 complications begin with names. MX and ISO20022 is often used as synonym however there is a destinction. ISO20022 defines an ISO standard. The MX...

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ISO20022 Headers. BAH and more

ISO20022 Headers. BAH and more


Posted on Jun 15, 2016

Headers in ISO20022 messages appear to be a confusing matter. This post intends to bring some light into the matter. As is well known, the ISO 20022 and SWIFT MX messages require both an AppHdr and Document section for a valid message payload. The following pictures illustrate that the sender and receiver information used by the SWIFT network is not contained in the message payload but instead must be placed in a message wrapper....

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