2015年-SWIFT环球同业银行金融电讯_ISO_20022_Harmonisation_Charter_4页_446kb

ISO 20022 Harmonisation Charter Summary

Core Content

The ISO 20022 Harmonisation Charter was introduced in September 2015 by SWIFT to address the challenges posed by the fragmented implementation of the ISO 20022 messaging standard across financial market infrastructures (FMIs). The goal is to promote consistency, reduce industry costs and risk, and enhance interoperability by aligning the rollout of ISO 20022 across the financial sector.

Main Objectives

1. Promote Harmonisation: Ensure that FMIs adopt ISO 20022 in a coordinated and consistent manner.
2. Facilitate Implementation: Provide a roadmap and tools to help FMIs implement the standard effectively.
3. Encourage Community Engagement: Involve FMIs in defining and maintaining global market practices for ISO 20022.

Key Measures

The charter outlines three principal axes for harmonisation:

1. Information Sharing

   • FMIs that endorse the charter share up-to-date information on their ISO 20022 usage, including messages, versions, and market practices.
   • SWIFT facilitates the collection, maintenance, and sharing of this information through its MyStandards platform.

2. Adherence to Market Practice

   • FMIs are encouraged to follow global market practice for their business domains, where applicable.
   • FMIs are also advised to define and document specific guidelines for message formatting to meet service or regulatory needs.
   • SWIFT collaborates with the community to identify and establish market practices, often through groups like ISO TC68 or the Payments/Securities Market Practice Group.

3. Version and Release Management

   • FMIs should adopt the latest message versions for new projects.
   • They should align their publication of advance information and standards cutover dates with SWIFT's MT/FIN maintenance cycle.
   • Regular upgrades to message versions will help achieve convergence across all participants over time.

4. Publication of Standards Information

   • FMIs publish their standards information in MyStandards, including market practice, messages used, and release timelines.
   • Implementation timelines are published similarly to SWIFT’s own MT/FIN timeline, providing participants with sufficient time to adapt their systems.

Endorsement and Support

• The charter seeks formal support from FMIs, which does not imply any legal obligation to implement ISO 20022 in new business segments.
• Endorsing organisations are not liable for the execution or non-execution of the steps outlined in the charter.
• SWIFT will publish the names of endorsing organisations along with their current readiness and future plans.

Support Details Required

Organisations wishing to formally support the programme are asked to provide the following:

1. Name and contact details of representatives (not publicly disclosed).
2. Nature of the organisation (e.g., Central Bank, CSD).
3. Details of each ISO 20022 implementation:
   • Business area (e.g., High Value Payments, Corporate Actions)
   • Maturity level (community consultation, planning adoption, planning implementation, live)
   • Messages specified
   • Global Market Practice adhered to
   • Timetable for required upgrades
4. Any additional information relevant to the programme.

Additional Information

• SWIFT is a member-owned cooperative that provides a secure, standardised communications platform for over 10,800 institutions in 200+ countries.
• The charter is not legally binding, and its purpose is to encourage participation and alignment in the ISO 20022 harmonisation effort.
• The document includes legal notices, copyright, disclaimer, and trademark information.

Conclusion

The ISO 20022 Harmonisation Charter is a strategic initiative by SWIFT to unify the global financial industry in the adoption of the ISO 20022 standard. By fostering information sharing, adherence to market practice, and coordinated version management, it aims to enhance efficiency, reduce risk, and improve interoperability across financial market infrastructures. The charter provides a framework for FMIs to engage at their own pace, while promoting a long-term vision of standardised financial messaging.