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2018-07-03
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New Message Format for the Fedwire® Funds Service
Notices
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United States
Federal Reserve System
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United States Government Agency or Subagency
The Board of Governors of the Federal Reserve System (Board) is requesting comment on a proposal to adopt the ISO[supreg] 20022 message format for the Fedwire[supreg] Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023.
83 FR 31391
https://www.govinfo.gov/app/details/FR-2018-07-05/2018-14351
2018-14351
fr05jy18-52
Docket Number OP-1613
https://www.govinfo.gov/app/details/FR-2018-07-05/2018-14351
https://www.govinfo.gov/content/pkg/FR-2018-07-05/html/2018-14351.htm
https://www.govinfo.gov/content/pkg/FR-2018-07-05/pdf/2018-14351.pdf
6 p.
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83 FR 31391
New Message Format for the Fedwire® Funds Service; Federal Register Vol. 83, Issue
NOTICE
2018-14351
FEDERAL RESERVE SYSTEM
2018-09-04
Docket Number OP-1613
2018-14351
Notice of proposed service enhancement; request for comment.
The Board of Governors of the Federal Reserve System (Board) is requesting comment on a proposal to adopt the ISO[supreg] 20022 message format for the Fedwire[supreg] Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023.
Comment due date: September 4, 2018.
Evan Winerman, Counsel (202-872-7578), Legal Division; or Melissa Leistra, Manager (202-530-6285), Renuka Lakshmanan, Senior Financial Services Analyst (202-475-6633), Division of Reserve Bank Operations and Payment Systems. For users of Telecommunications Device for the Deaf (TDD) only, contact (202-263- 4869).
Requests for Comments:
New Message Format for Fedwire Funds Service
,
regs.comments@federalreserve.gov
http://www.federalreserve.gov
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm
http://www.federalreserve.gov/paymentsystems/pfs_frpaysys.htm
https://fedpaymentsimprovement.org/payments-efficiency/iso-20022/
https://fedpaymentsimprovement.org/wp-content/uploads/101817-iso20022-deep-dive.pdf
https://fedpaymentsimprovement.org/wp-content/uploads/iso20022_adoption_considerations_survey.pdf
https://fedpaymentsimprovement.org/wp-content/uploads/strategies-improving-us-payment-system.pdf
https://www.frbservices.org/financial-services/wires/testing/di-testing.html
https://www.frbservices.org/resources/financial-services/wires/iso-20022-implementation-center.html
https://www.iso.org/about-us.html
https://www.iso20022.org/full_catalogue.page
https://www.swift.com/news-events/news/iso-20022-migration_the-time-is-now
https://www.swift.com/news-events/news/payments-standards-changes-for-2020-and-why-you-should-act-now
https://www.swift.com/our-solutions/compliance-and-shared-services/mystandards
https://www.swift.com/resource/iso-20022-migration-study
Federal Register
Vol. 83, no. 129
Office of the Federal Register, National Archives and Records Administration
2018-07-05
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125 p.
Table of Contents:
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https://www.govinfo.gov/app/details/FR-2018-07-05
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https://www.govinfo.gov/app/details/FR-2018-07-05
https://www.govinfo.gov/content/pkg/FR-2018-07-05/pdf/FR-2018-07-05.pdf
https://www.govinfo.gov/content/pkg/FR-2018-07-05/xml/FR-2018-07-05.xml
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