HVPS-PLUS

High-value RTGS ISO 20022 guide.

Definition

HVPS+ aligns global central RTGS rails on the same XSDs pacs.008/009/002 as CBPR+. Enables straight-through processing between domestic and international systems. Fed implements HVPS+ on Fedwire March 2025. ECB T2 already aligned since 2023 migration.

Origin

CPMI Payments Market Infrastructure Standards published 2021 ; rollout 2023-2025.

Example in context

A Fedwire payment after March 2025 uses pacs.008 HVPS+ — identical XSD structure to a SWIFT CBPR+ pacs.008.

Related terms

• CBPR+ — cross-border twin.