Comments due on proposed Fedwire format change
The Federal Reserve Board has published [83 FR 31391] a request for comment on a proposal to adopt the ISO® 20022 message format for the Fedwire® Funds Service. ISO 20022 is an international standard that would replace the Fedwire Funds Service's current, proprietary message format. The migration to ISO 20022 would take place in three phases beginning in 2020 and ending in 2023. Comments are due by September 4, 2018.
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