Read the latest ISO 20022 Newsletter (Summer 2010)
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Two scripted Powerpoint presentations describing ISO 20022 are available: | | |
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ISO is a worldwide federation of National Standards Bodies. International Standard ISO 20022 – Universal financial industry message scheme – was prepared by Technical Committee ISO TC68 Financial Services.
The ISO 20022 standard provides the financial industry with a common platform for the development of messages in a standardized XML syntax, using:
- a modelling methodology (based on UML) to capture in a syntax-independent way financial business areas, business transactions and associated message flows;
- a set of XML design rules to convert the messages described in UML into XML schemas.
The business items used in financial communications, the resulting models and derived messages are stored on this website in a central Financial Repository.
This flexible framework allows communities of users and message development organizations to define message sets according to an internationally agreed approach and to migrate to the use of common XML-based syntax.
The ISO 20022 approval and registration process involves three kinds of registration bodies: the Registration Management Group (RMG), the Registration Authority (RA) and the Standards Evaluation Groups (SEGs). Should there be a need for additional messages, communities of users or development organizations can submit registration requests. The RA and SEGs work together to validate and process the registration requests under the supervision of the RMG. Complaints about the service level or decisions of the RA or SEGs can be submitted to the RMG.
This is the official ISO 20022 Website under a grant of authority and agreement with the ISO Central Secretariat.
Warning: Although this website is not copyrighted and the material on this site is intended to be used and reproduced freely by all interested users under the ISO 20022 Intellectual Property Right Policy, all visitors of the site are hereby notified that the material contained on the site changes, is maintained and kept up to date frequently and should be the sole source for such information. Any replication of this site should make the statement that theirs is not the official site and that the sole source of up-to-date materials and information on ISO 20022 message standards and Repository is www.iso20022.org.
