Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
New message format for Fedwire Funds Service
The Federal Reserve Board has announced that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service. The change will allow for enhanced efficiency of both domestic and cross-border payments, and a richer set of payment data that may help banks and other entities comply with sanctions and anti-money laundering requirements.
The Board also invited public comment on a revised plan for migrating the Fedwire Funds Service to the new message format. Specifically, the Board is proposing that the Reserve Banks adopt the new message format on a single day, rather than in three separate phases as previously proposed. Comments will be accepted for 90 days following publication in the Federal Register.
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