A structured postal address in ISO 20022 places each part of an address in its own field, such as street name, building number, post code, town name and country. The hybrid format allows some free text but requires town and country in their own fields. Swift planned to reject unstructured addresses in cross-border payments from November 2026 and then agreed to extend the migration.
MT to MX migrationMT to MX migration is the move of cross-border payments and reporting on Swift from legacy MT messages, such as MT 103 and MT 202, to ISO 20022 (MX) messages under the CBPR+ guidelines. Coexistence for payment instructions ended in November 2025; later steps cover MT 101, structured addresses and investigations in 2026 and 2027.
CBPR+ (Cross-Border Payments and Reporting Plus)CBPR+ is the set of ISO 20022 usage guidelines, agreed by a Swift community group, for cross-border payments and cash reporting between banks on the Swift network. It defines how messages such as pacs.008, pacs.009 and camt.053 must be filled in, including rules on structured addresses and character sets.
ISO 20022ISO 20022 is the international standard for financial messages, built from a common business dictionary and usually expressed in XML. Payment messages are grouped as pain (customer to bank), pacs (bank to bank) and camt (cash management, such as statements). It is the format of SEPA, T2, CHAPS and Swift cross-border payments.
ISO 20022ISO 20022 is the international standard for financial messages, built from a common business dictionary and usually expressed in XML. Payment messages are grouped as pain (customer to bank), pacs (bank to bank) and camt (cash management, such as statements). It is the format of SEPA, T2, CHAPS and Swift cross-border payments.
Swift (network)Swift is a cooperative, owned by its member institutions, that runs a secure messaging network for payment, securities and trade messages between banks and other institutions worldwide. Swift carries instructions only: it holds no accounts, and the money settles on the books of banks or in central bank systems. Members must meet its Customer Security Programme controls.