![]() Some banks already support ISO 20022 for corporate payment and account statements services. ![]() The migration will affect all SWIFT members: banks, brokers, corporates, non-bank financial institutions, service providers and others. Who does the ISO migration affect and how? The goal of this new standard is to use the same message structure, form and meaning to relay financial transaction information around the world. What are the advantages of the MX format? MX messages will be composed of 940 separate fields and will incorporate more structured, robust and comprehensive data.
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