ISO 20022 CBPR Plus detail
SWIFT CBPR+ guideline MT to ISO 20022 migration.
Definition
SWIFT FIN MT / FIN+ MX coexistence window from 20 March 2023 to 22 November 2025. After Nov 2025, FIN will be retired for payments instructions and reporting messages (cross-border + reporting). CBPR+ requires structured data for addresses, BIC/LEI identification, ISO 4217 purpose code. Compatible with HVPS+ for domestic clearing systems.
Origin
SWIFT + Payments Market Practice Group (PMPG) under ISO 20022 RMG, version 1.0 2020, annual updates 2021-2024 (v9.2 Dec 2024).
Usage
Mandatory for all SWIFT FIN-connected institutions for their cross-border payments after 20 March 2023. MT/MX coexistence until November 2025.