ISO 20022

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• ISO 20022

The success of ISO 20022 Universal financial
Industry message scheme

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ISO 20022The ISO recipe for all financial
messages

• ISO 20022 - Universal financial industry message
  scheme, the recipe
• syntax neutral business modelling methodology
• syntax specific design rules
• industry led development/registration process
• financial repository on www.iso20022.org
• reverse engineering approach to ease coexistence

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Why ISO 20022?Supports convergence and
co-existence
ISO 15022
TWIST
IFX
Message model
MDDL
FpML
FIX
Long term we want one standard, but in the
interim several standards need to co-exist
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Why ISO 20022?Convergence in the cooperative
space
Cooperative Space
Competitive Space
Competitive Space
High Value Payments RTGS, EURO1 and CHIPS

Financial Institutions
Financial Institutions
FX and Money Markets Rule Books, CLS
Public Admini- strators
Commercial Payments Rule Books, Clearing Houses,
Processors
Public Admini- strators
Cards Rule Books, Card Schemes, Cards Processors
Corporates
Corporates
Tradefacilitation ICC Rule Books, e-invoicing
SMEs
SMEs
Cash NCB rules, Industry Standards
Merchants
Merchants
Securities Rule Books, Exchanges, CCPs CSDs,
Standardisation
Consumers
Consumers
Certification Networks SWIFT
Cooperative space for business rules
Cooperative space for standards
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The ISO 20022 recipe - For whom?Potential
users and developers

• communities of users looking for interoperability
  and more cost-effective communications
• Message development organisations CBI
  Consortium, FIX, RIXML, FpML, IFX Forum, TWIST,
  SWIFT, RosettaNet, OAGi, ACORD, XBRL, EPASOrg,
  Berlin Group, ANBIMA, etc.
• Market Infrastructures (MIs) DTCC, FED, EBA,
  Target, CLS, Euroclear, Omgeo, ECB, NBB, etc.
• International or national standards setters
  ISITC, ISO TC68 WGs, UN/CEFACT TBG5, OMG, EPC, UK
  Payments Council, etc.

There are also catalysts for interoperability and
convergence, such as SEPA, T2S, Giovannini,
MiFID, e-Invoicing
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ISO 20022 The registration bodies

• Registration Management Group - RMG
• (Overall governance)
• 70 senior managers from 22 countries and 12
  international organisations
• Standards Evaluation Groups SEGs
• (User representatives)
• Payments (55 experts,17 countries, 6
  organisations)
• Securities (77 experts, 20 countries, 8
  organisations)
• Forex (29 experts, 13 countries, 4 organisations)
• Trade Services (29 experts, 14 countries, 2
  organisations)
• Cards and related retail financial services (30
  experts, 14 countries, 4 organisations)
• Technical Support Group TSG
• (ISO 20022 technical advisors)
• 29 experts from 11 countries and 5 international
  organisations
• Registration Authority RA
• (Maintaining ISO 20022 repository)

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ISO 20022 The registration process
R M G m o n i t o r s
Candidate ISO 20022 messages
Business validation
ISO 20022 messages
Official registration and publication
www.iso20022.org
Optional pilot testing or first implementers
Submitter users
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The ISO 20022 recipe is used! (1/11)Payments
Credit Transfers / Direct Debits / Mandates
Exceptions Investigations
Creditors financial institution
Debtorsfinancial institution
Change/Verify Account Identification
Creditor Payment Activation Request
Cash Management
ISO 20022
Exceptions Investigations
Bank Account Management
Change/Verify Account Identification
Creditor Payment Activation Request
Advice Statement
Notification to Receive
Cash Management
Account Reporting Request
Mandates
Creditor Payment Activation Request
Exceptions Investigations
Advice Statement
Credit Transfer Initiation
Direct Debit Initiation
Candidate ISO 20022 (in development)
Cash Management
Debtor
Creditor
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The ISO 20022 recipe is used! (2/11)Payments
message portfolio is growing!

• 58 ISO 20022 messages approved
• Customer payment initiation
• Interbank payment clearing and settlement
• Payments exceptions investigations
• Bank-to-customer cash management
• Mandates
• Change/verify account identification
• Bank account management
• Creditor payment activation request
• Cash account reporting request notification
  messages
• Candidate ISO 20022 messages under evaluation
  none
• Candidate ISO 20022 messages approved for
  development
• Cash management
• Cash lodgement and withdrawal
• Card clearing payment messages (CCPay)
• Real time payments
• New development proposals
• Remittance advice messages
• Bank services billing

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The ISO 20022 recipe is used! (3/11)Card message
portfolio is growing
Authorisation (ATICA)
Issuer
Acquirer
POI terminal Management (CAPE)
ATM terminal Management (IFX)
POI transaction authorisation (CAPE)
ATMI transaction authorisation (IFX)
ISO 20022
Candidate ISO 20022 (in development)
Acceptor
Sale Management (CAPE)
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The ISO 20022 recipe is used! (4/11)Cards and
related retail financial services

• 15 ISO 20022 messages approved
• Card payments exchanges (CAPE) Acceptor to
  Acquirer
• Candidate ISO 20022 messages under evaluation
• None
• Candidate ISO 20022 messages approved for
  development
• ATM interface for transaction processing and ATM
  management (IFX)
• Acquirer to issuer card messages (ATICA)
• Card Payments Exchanges (CAPE) - Sale-to-POI
  management
• Card Payments Exchanges (CAPE) - Terminal
  management
• New development proposal
• None

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The ISO 20022 recipe is used! (5/11)Securities -
equities and fixed income
Seller
Buyer
Pre-trade / Trade (FIX/SWIFT)
Post-Trade (Omgeo/SWIFT) CCP Clearing
(FPL/SWIFT)
Regulators
Transaction Regulatory Reporting (SWIFT)
Corporate Actions (SWIFT)
Settlement (SWIFT)
Settlement (SWIFT)
Corporate Actions (SWIFT)
ISO 20022
Reconciliation TPV Statement (ISITC/SWIFT)
Candidate ISO 20022 (in development)
Reconciliation (SWIFT)
ISO 15022
I/CSD
Settlement Reconciliation (SWIFT)
Settlement Reconciliation (SWIFT)
Custodian
Clearing agent
Issuers Agent Communication (Euroclear)
Registration Communication (Euroclear)
Corporate Actions (SWIFT)
Market Claims (Euroclear)
Issuers Agent
Registrar
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The ISO 20022 recipe is used! (6/11)Securities -
investment funds (CIV)
Old plan manager
PEP/ISA/Portfolio Transfers
Fund accountant
New plan manager
Price Report
Order Confirmation Status
Alternative Funds Order, Confirm Status
Transfer agent
Transfer Confirmation Status
Institutional investor
Statements
Account Management
Fund Cash Forecast Report
Request for Fund Report
Prospectus or FPP report user, e.g. Fund
distributor
FPP Report
Fund Prospectus
Investment manager
Prospectus or FPP report provider, e.g. Fund
manager
ISO 20022
Candidate ISO 20022 (in development)
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The ISO 20022 recipe is used! (7/11)Securities
message portfolio is growing!

• 145 ISO 20022 messages approved and published
• Investment funds distribution
• Securities transaction regulatory reporting
• Proxy voting
• Issuers agents communication
• Fund processing passport report
• Securities settlement and reconciliation
• Securities corporate actions
• Candidate ISO 20022 messages under evaluation
• Securities pre-trade/trade
• Candidate ISO 20022 messages approved for
  development
• Total portfolio valuation statement
• Securities registration and holder identification
• Securities market claims and automatic
  transformation
• Securities issuance
• Triparty collateral management
• Alternative funds
• Securities post-trade
• Settlement modification/replace and allegement
  response

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The ISO 20022 recipe is used! (8/11) Forex
Ordering party
ISO 20022
MTs
FpML CUG (Trade Notifications)
Trading party
Trading party
FX Loan/Deposit Advice Allocations
NDF Opening and Valuation Notifications
and Foreign Exchange Option Premium Notifications
Settlement party custodian
NDF and Foreign Exchange Option Notifications
NDF and Foreign Exchange Option Notifications
Central Settlement System
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The ISO 20022 recipe is used! (9/11)FX message
portfolio is growing!

• 15 ISO 20022 messages approved and published
• Forex notifications
• Candidate ISO 20022 messages under evaluation
• none
• Candidate ISO 20022 messages approved for
  development
• none
• New development proposals
• none

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The ISO 20022 recipe is used! (10/11)Trade
Services
Financial Invoice
Sellers bank
Buyers bank
Trade Services Management
Trade Services Management
Invoice Financing Request
Financial Invoice
Financial Invoice
ISO 20022
Candidate ISO 20022 (in development)
Financial Invoice
Seller
Buyer
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The ISO 20022 recipe is used! (11/11)Trade
message portfolio is growing!

• 54 ISO 20022 messages approved and published
• Invoice financing request
• Trade services management
• Financial invoice
• Candidate ISO 20022 messages under evaluation
• none
• Candidate ISO 20022 messages approved for
  development
• none
• New development proposals
• Demand guarantees and standby letters of credit

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Who is interested by ISO 20022?
  Country Visits
1 France 8,269 13
2 USA 6,674 11
3 UK 6,642 11
4 Germany 5,645 9
5 Belgium 3,436 6
6 India 2,491 4
7 Finland 2,265 4
8 Netherlands 2,264 4
9 Sweden 1,996 3
10 Japan 1,934 3
11 Switzerland 1,888 3
12 Australia 1,381 2
13 Italy 1,250 2
14 Hong Kong 979 2
15 China 872 1
16 Poland 871 1
17 Canada 772 1
18 Denmark 767 1
19 Spain 757 1
20 Slovenia 707 1
21 Singapore 680 1
22 Austria 635 1
23 Brazil 632 1
24 Ireland 532 1
25 Russia 475 1
  54,814 88
From 1 April to 30 September 2010,
www.iso20022.org had over 62,000 visits from 162
countries
Continent Visits
Europe 42,037 67.4
Asia 9,199 14.8
Americas 8,676 13.9
Oceania 1,463 2.3
Africa 971 1.6
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www.iso20022.org
uestions

Answers
iso20022ra_at_iso20022.org