Harmonising payment transactions

What is happening when?

The official migration roadmap from SIX

Payment processes are being harmonised between 2016 and 2020 following the implementation plan set out by the Swiss financial industry, which is divided into migration stages. The changes are scheduled to be completed by the end of 2020.

 

The official migration roadmap from SIX

 

 

The roadmap at Bank CIC

Bank CIC has switched its entire system to the new ISO 20022 standard bymid of November 2017.

 

The most important message types in the new XML format for bank transfers and notifications: