SWIFT Universal Confirmations Go-Live November 22nd, 2020

ISO 20022 Fedwire Update

‘The Federal Reserve Banks will continue to collaborate with other high-value payment system operators to ensure a coordinated implementation approach. However, given the coronavirus (COVID-19), it is unlikely that we will announce a final decision on the ISO 20022 migration strategy before the end of this year, but we can provide an update on the status of Phase 1 of the migration. We will not implement the Phase 1 release in 2020 or 2021 and do not have any other message format changes for the Fedwire Funds Service planned through 2021.’

Source: https://www.frbservices.org/news/communications/052720-fedwire-iso-20022-migration-update.html