[{"data":1,"prerenderedAt":203},["ShallowReactive",2],{"post-what-is-cross-border-payments-and-reporting-plus-cbpr":3},{"id":4,"title":5,"body":6,"categories":193,"date":194,"description":195,"extension":196,"meta":197,"navigation":198,"path":199,"seo":200,"stem":201,"tags":193,"__hash__":202},"blog\u002Fblog\u002Foutput\u002Fposts\u002F2023-07-07-what-is-cross-border-payments-and-reporting-plus-cbpr\u002Findex.md","What is Cross-border Payments and Reporting Plus (CBPR+)",{"type":7,"value":8,"toc":188},"minimark",[9,27,40,45,48,51,70,78,89,92,99],[10,11,12,13,20,21,26],"p",{},"CBPR+ is an acronym which stands for Cross-border payments and reporting plus. It defines how the ",[14,15,19],"a",{"href":16,"rel":17},"https:\u002F\u002Fdavegarry.com\u002Fwho-are-swift\u002F",[18],"nofollow","SWIFT"," network uses ",[14,22,25],{"href":23,"rel":24},"https:\u002F\u002Fdavegarry.com\u002Fwhat-is-iso-20022\u002F",[18],"ISO 20022"," messages for cross-border payments and cash reporting.",[10,28,29,30,35,36,39],{},"ISO 20022 messages will replace MT (",[14,31,34],{"href":32,"rel":33},"https:\u002F\u002Fwww.iso20022.org\u002Fwelcome-iso-15022",[18],"ISO 15022",") for cross-border payments. The ISO 20022 standard is the next generation of Swift instructions which will supersede the",[37,38],"br",{},"\ncurrent MT standard.",[41,42,44],"h2",{"id":43},"rollout-of-cross-border-payments-and-reporting-plus","Rollout of Cross-border Payments and Reporting Plus",[10,46,47],{},"CBPR+ rollout has already started. SWIFT will facilitate translation from MT to MX and vice versa across a translation window that exists until November 2025. Mapping rules provide how MT messages are translated to Cross Border and Payments (CBPR+) messages and vice versa.",[10,49,50],{},"The rollout of CBPR+ is split into specific functional areas:",[52,53,54,58,61,64,67],"ul",{},[55,56,57],"li",{},"Payment Transactions and Confirmation",[55,59,60],{},"Account Statements and Advice",[55,62,63],{},"Cash Management",[55,65,66],{},"Cheques",[55,68,69],{},"Interest, Fees and Charges",[10,71,72,73,77],{},"From March 2023, Swift will enable CBPR+ messages over the ",[14,74,76],{"href":16,"rel":75},[18],"FINplus"," service for the following:",[52,79,80,83,86],{},[55,81,82],{},"Category 1 - Customer Payments and Cheques. These are the MT1xx series of messages.",[55,84,85],{},"Category 2 - Financial Institution Transfers. These are the MT2xx series of messages.",[55,87,88],{},"Category 9 - Cash Management and Customer Status. These are the MT9xx series of messages.",[10,90,91],{},"After November 2025, MT1xx, MT2xx and MT9xx will become obsolete and will no longer will accepted on the SWIFT network.",[10,93,94],{},[95,96],"img",{"alt":97,"src":98},"Cross-border payments and reporting plus","\u002Fimages\u002F2023-07-07-what-is-cross-border-payments-and-reporting-plus-cbpr\u002Fcbpr.png",[100,101,102,125],"table",{},[103,104,105],"thead",{},[106,107,108,115,120],"tr",{},[109,110,111],"th",{},[112,113,114],"strong",{},"MT Message Type",[109,116,117],{},[112,118,119],{},"CBPR+ ISO 20022 equivalent",[109,121,122],{},[112,123,124],{},"Date",[126,127,128,140,150,160,169,179],"tbody",{},[106,129,130,134,137],{},[131,132,133],"td",{},"MT103",[131,135,136],{},"pacs.008.001.08",[131,138,139],{},"March 2023",[106,141,142,145,148],{},[131,143,144],{},"MT192",[131,146,147],{},"camt.056.001.08",[131,149,139],{},[106,151,152,155,158],{},[131,153,154],{},"MT200",[131,156,157],{},"pacs.009.001.08",[131,159,139],{},[106,161,162,165,167],{},[131,163,164],{},"MT202",[131,166,157],{},[131,168,139],{},[106,170,171,174,177],{},[131,172,173],{},"MT210",[131,175,176],{},"camt.057.001.06",[131,178,139],{},[106,180,181,184,186],{},[131,182,183],{},"MT292",[131,185,147],{},[131,187,139],{},{"title":189,"searchDepth":190,"depth":190,"links":191},"",2,[192],{"id":43,"depth":190,"text":44},null,"2023-07-07","CBPR+ is an acronym which stands for Cross-border payments and reporting plus. It defines how the SWIFT network uses ISO 20022 messages for cross-border payments and cash reporting.","md",{},true,"\u002Fblog\u002Foutput\u002Fposts\u002F2023-07-07-what-is-cross-border-payments-and-reporting-plus-cbpr",{"title":5,"description":195},"blog\u002Foutput\u002Fposts\u002F2023-07-07-what-is-cross-border-payments-and-reporting-plus-cbpr\u002Findex","5q-uTW1qJ7_l9k08f_fKBiElh1ZbzhI1I4LxljPoBHw",1779314090579]