Message ID List in pacs (Payments, clearing, and settlement) area
Message Name
Msg ID (Schema)
Submitting
Organization
Msg Def Report
Message Definition
Report
Maintenance
2016/2017 – Approved
by ISO 20022
Payments SEG on 17
January 2017
FIToFIPaymentStatusReportV08
pacs.002.001.08
SWIFT
FIToFICustomerDirectDebitV07
pacs.003.001.07
SWIFT
PaymentReturnV07
pacs.004.001.07
SWIFT
FIToFIPaymentReversalV07
pacs.007.001.07
SWIFT
FIToFICustomerCreditTransferV06
pacs.008.001.06
SWIFT
FinancialInstitutionCreditTransferV06
pacs.009.001.06
SWIFT
FinancialInstitutionDirectDebitV02
pacs.010.001.02
SWIFT
FIToFIPaymentStatusRequestV01
pacs.028.001.01
SWIFT & EPC
Source: Preparatory Survey Team
Figure 3-5 Message ID and business area on ISO 20022
(B) Adoption policy of ISO 20022
The following chart shows the advantages and disadvantages of ISO 20022 adoption.
From the viewpoint of the use of the ISO 20022 message format, at least, messages
that can be exchanged across boarders may apply to ISO 20022. Otherwise, FIs shall
use different message formats in each country when sending and receiving payment
instructions via CSD-RTGS linkage.
As for ACH, including the rapid retail payment deemed “Fast Payment” as defined
in the BIS report17, payment instructions are exchanged within the country. However,
in consideration of the future trends for RRP, ACH will also apply the ISO 20022
message formats.
STP messages other than ISO 20022 may be applied to XML formats, which partly
consist of the elements of ISO 20022 messages for bank convenience, because most
of these messages are not correspondent to ISO 20022 messages. Moreover, ISO
“Fast payments – Enhancing the speed and availability of retail payments” (Nov. 2016)
Committee on Payments and Market Infrastructures, Bank for International Settlement (BIS)
17
29