Swift to Introduce Rules for ISO 20022 Implementation

BRUSSELS-Swift will next month introduce funds messages and credit transfer translation rules designed to help users implement the industry standard ISO 20022.

The release follows the introduction of human-readable rules in July, and the funds messages and credit transfers are the first machine-readable rules types to be completed -a result of three full-time professionals dedicated to the project.

Rules have been created for "virtually every code word" in the messages, says Jamie Shay, who re