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Status Delivered
Workspace Sterling Transformation Extender Advanced
Created by Guest
Created on Oct 27, 2022

RELATED IDEAS

ITXA - Need SWIFT standards releases 2019-2022 and the ability for the TPUI to select the version in the STANDARD VERSION envelope parameter

SWIFT Network is validating from the 2021 Standards.

Today, ITXA is only offering 2018 Standards compliance.

SWIFT financial documents are exchanged by banks via the SWIFT Network vs going Peer to Peer to exchange. SWIFT Network requires the current year and the one previous for acceptable message formatting. In November of the year, the newest standard is moved into production compliance. If a message is rejected by the SWIFT Network there are financial penalties. When called, ITXA creates the Header Blocks {1: {2: {3: and trailer block {5: related to Enveloping parameter set up.

What is your industry? Banking
How will this idea be used?

2021 standards are in play today with SWIFT Network.

Within weeks, the 2022 standards will come on as production compliance.

New standards will ensure Validation checks measure the data and ensure good data is only passed to the Swift Network.

  • Admin
    Mike Lamb
    Reply
    |     Mar 19, 2024

    Delivered in 10.0.1.8

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