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ISO 20022 client outreach

ISO 20022 client outreach

Stage one - FIG/PSP client readiness questionnaire

The industry transition to ISO 20022 (MX) creates new obligations and new opportunity for Banks, Broker Dealers and Non-Bank Payment Service Providers.

We want to make sure you are aware of these developments and to work with you as we progress.

We request your time to complete this short questionnaire to help us define how we can be of assistance.

For further details please see www.barclayscorporate.com/ISOforBanks or reach out to your Barclays contact for further detail.

1. Entity/institution name

2. SWIFT BIC(s)

3. Client reference e.g. #2-12344556789#?

4. Key contact(s) for ISO 20022 migration engagement

5. Contact email address

6. Contact telephone number(s)

7. Email address(es) of technical contacts requiring access to Barclays Usage Guidelines on SWIFT MyStandards

Basic awareness

8. Are you aware of the ISO 20022 migration and the impact to your business?

     

9. Are you aware of the proposed industry requirement on Bank and Non-Bank Payment Service Providers to use Purpose Codes, Legal Entity Identifiers, Structured Address Information, Structured Remittance Information and the new character set?

     

10. Do you need more information from Barclays on the transition to MX?

     

Questions for SWIFT FIN users

11. If you currently receive payment messages from us in MT, will you be you ready to receive in MX/multi-format from November 2022?

     

12. GBP Payments: Have you scheduled a date by which you will start to send (some of) your payments in MX format?

     

If so, can you please advise the scheduled target date and a view on your ramp up plans?

Start date e.g. 20/12/2022

Fully migrated by

Barclays response: Yes. Where Barclays receives messages in MX, we will send them in MX and where we receive in MT we will send in MT. This implies that as of April 2023, GBP payments received from CHAPS in favour of yourselves will be sent in MX format.

13. EUR Payments: Have you scheduled a date by which you will start to send (some of) your payments in MX format?

     

If so, can you please advise the scheduled target date and a view on your ramp up plans?

Start date e.g. 20/12/2022

Fully migrated by

Barclays response: Yes. Where Barclays receives messages in MX, we will send them in MX and where we receive in MT we will send in MT. This implies that as of November 2022, EUR payments received from Target2/Euro1/Step1 in favour of yourselves will be sent in MX format.

14. Payments in other currencies: Have you scheduled a date by which you will start to send (some of) your payments in MX format?

     

If so, can you please advise the scheduled target date and a view on your ramp up plans?

Start date e.g. 20/12/2022

Fully migrated by

Barclays response: Yes. Where Barclays receives messages in MX, we will send them in MX and where we receive in MT we will send in MT. We expect to start to send payments in other currencies from November 2022 onwards, but the ramp up volume will vary by scenario.

15. Barclays will continue to send MT9xx reports until we receive a request for MX camt reporting. Have you scheduled a migration to receive MX (camt) reporting?

     

If so, can you please advise the scheduled target date and a view on your ramp up plans?

Start date e.g. 20/12/2022

Fully migrated by

Barclays response: Barclays has not yet scheduled when we intend to transition to reporting in MX format.

Questions for users of Barclays proprietary channels (File Gateway, SWIFTNet FileAct and/or Barclays.Net)

16. If you use our host-to-host channel File Gateway, it is likely that we will ask you to move to pacs008 format for payment initiation in order to meet extended requirements. Will you have capability to generate these messages?

     

17. Do you import payment initiation files into Barclays.net?

     

18. Are you considering migrating payments currently processed on Barclays File Gateway or Barclays.Net to SWIFT?

     

If so, what is the expected timeline to migrate?

     

All dates and functionality are those advised at the time of issue and are subject to change. Barclays implementation dates may also be subject to change.

This webpage is used by Barclays Bank PLC, Barclays Bank UK PLC, Barclaycard International Payments Limited, trading as Barclaycard and Barclays Bank Ireland PLC. Details of your service provider are set out in your customer agreement.