Receiving: From March 2023
Sending: From March 2023
Message name: FI to FI Customer Credit Transfer
MT Equivalent: MT103
Description: This message type is used to execute a payment if the debtor or the creditor or both are non-financial institutions
Introduction
Financial institutions are navigating through the coexistence period for ISO 20022 en route to full industry migration in November 2025. To ensure this process goes as smoothly as possible, J.P. Morgan has released its schedule of when it will be able to receive and send specific messaging types. These dates only apply to Swift users using Swift FINPlus, not for electronic channels.
Review the charts below to see when those actions will be possible. (Dates are subject to change)
Payments
Receiving: From March 2023
Sending: From March 2023
Message name: FI Credit Transfer - core
MT Equivalent: MT202
Also replaces the MT200, MT201, MT203, MT205
Description: This message type is used to execute a payment between financial institutions
Receiving: From March 2023
Sending: From March 2023
Message name: FI Credit Transfer – cover
MT Equivalent: MT202COV and MT205COV
Description: This message type is a settlement instruction in Cover Method after exchange of pacs.008 announcement message
Receiving: From March 2023
Sending: From March 2023
Message name: FI Credit Transfer - advice
MT Equivalent: n/a
Description: This message is used to pre-advice an Agent of a fund movement toward the Creditor, sent directly by a Debtor Agent to a Creditor Agent
Receiving: From March 2023
Sending: Gradually from March 2023
Message name: Payment Return
MT Equivalent: New
Description: Used to undo a previously settled payment
Receiving: From March 2023
Sending: From March 2023
Message name: Payment Status Information
MT Equivalent: MT199/MT299
Description: Sent by an instructed agent to the previous party to advise about the status of a payment order
Receiving: From March 2023
Sending: n/a
Message name: Interbank Direct Debit
MT Equivalent: MT204
Description: This message type is used to execute an interbank direct debit
Receiving: From November 2023
Sending: n/a
Message name: FI Direct Debit - Margin Collection
MT Equivalent: MT204
Description: The FI Direct Debit (pacs.010) is sent by a FI, directly or through another agent, to the Debtor Agent. It is used to instruct the Debtor Agent to move fund from the Debtor's account to the Creditor, where both Debtor and Creditor are financial institutions
Reporting and Advising
Receiving: Starting 2024 based on bilateral agreement
Sending: Starting second half of 2024 on client opt-in basis
Message name: Bank to Customer Account Report
MT Equivalent: MT941/942
Description: Bank to bank and bank to customer account report
Receiving: Starting 2024 based on bilateral agreement
Sending: Starting second half of 2024 on client opt-in basis
Message name: Bank to Customer Statement
MT Equivalent: MT940 / MT950
Description: Statement of account
Receiving: Starting 2024 based on bilateral agreement
Sending: Starting second half of 2024 on client opt-in basis
Message name: Bank to Customer Debit / Credit Notification
MT Equivalent: MT900/MT910
Description: Notification concerned with a single debit or credit to an account
Receiving: From March 2023
Sending: From March 2023
Message name: Notice to Receive
MT Equivalent: MT210
Description: Advice to Receive (ATR)
Cancellation
Receiving: Gradually from March 2023
Sending: Gradually from March 2023
Message name: Resolution of Investigation
MT Equivalent: MTx96
Description: Used in response to the request for a cancellation of a payment order (camt.056)
Receiving: Gradually from March 2023
Sending: Gradually from March 2023
Message name: FI to FI Payment Cancellation
MT Equivalent: MTx92
Description: Used to request the cancellation of a payment order
Receiving: Gradually from November 2024
Sending: Gradually from November 2024
Message name: Customer Payment Cancellation Request
MT Equivalent: New
Description: The Customer Payment Cancellation Request message is sent by a case creator / case assigner to a case assignee. This message is used to request the cancellation of an original payment instruction (pre or post settlement to the Creditor). The Customer Payment Cancellation Request message is issued by the initiating party to request the cancellation of an initiation payment message previously sent.
Receiving: Gradually from November 2024
Sending: Gradually from November 2024
Message name: Notification to Receive Cancellation Advice
MT Equivalent: MT292
Description: Role of the Creditor Agent and Creditor in the payment changes description in the Notification to Receive message (camt.057). The Account Owner is typically the Creditor and the Account Servicer is typically the Creditor Agent. The Notification to Receive Cancellation Advice (camt.058) is used to request the cancellation of a previous Notification to Receive.
Enquiry and Investigation
Receiving: CBPR + 2025 release tbc
Sending: CBPR + 2025 release tbc
Message name: Investigation request
Description: The Investigation Request message is sent between agents or parties to create a payment or account related investigation or request a status update on an open payment or account related investigation.
Receiving: CBPR + 2025 release tbc
Sending: CBPR + 2025 release tbc
Message name: Investigation response
Description: The Investigation Response message is sent between agents to provide a response or status update on an investigation.
Charges
Receiving: CBPR + 2024 release tbc
Sending: CBPR + 2024 release tbc
Message name: Charges Payment Notification
MT Equivalent: MT190
Description: The Charges Payment Notification message is sent by the account servicing institution to the account owner to advise charges, interest or other adjustments to the owner's account. It provides details of charges which are previously unknown to the Receiver.
Receiving: CBPR + 2024 release tbc
Sending: CBPR + 2024 release tbc
Message name: Charges Payment Request
MT Equivalent: MT191
Description: The Charges Payment Request message is sent by a financial institution to another financial institution to request the payment of charges, interest and/or other expenses which are previously unknown to the Receiver.
Payment Initiation
Receiving: Gradually from November 2024
Sending: Gradually from November 2024
Message name: Customer Credit Transfer Initiation
MT Equivalent: MT101
Description: This message type is sent by the initiating party to the forwarding agent which acts as a concentrating financial institution. It will forward the Customer Credit Transfer Initiation to the debtor agent - Relay Scenario.
Receiving: Gradually from November 2024
Sending: Gradually from November 2024
Message name: Customer Payment Status Report
MT Equivalent: n/a
Description: To be used in Relay scenario and is a status information message used in the response to the pain.001
Cheque
Receiving: From November 2023
Sending: Gradually from November 2023
Message name: Cheque Presentment Notification
MT Equivalent: MT110
Description: The Agent A (drawer agent) sends a Cheque Presentment Notification message to Agent B (the drawee agent). The Cheque Presentment Notification message informs the drawee agent about the cheque submission. The notification message facilitates the drawee agent to follow up the cheque submission and relevant business process.
Receiving: From November 2023
Sending: Gradually from November 2023
Message name: Cheque Cancellation or Stop Notification
MT Equivalent: MT111
Description: The Agent A (Drawer Agent) sends a Cheque Cancellation or Stop Request message to Agent B (the Drawee Agent). The Cheque Cancellation or Stop Request message requests the drawee agent to place a stop (refusal to settle) upon presentment of the cheque, effectively canceling the issued cheque.
Receiving: From November 2023
Sending: Gradually from November 2023
Message name: Cheque Cancellation or Stop Report
MT Equivalent: MT112
Description: The Agent B (Drawee Agent) sends a Cheque Cancellation or Stop Report message to Agent A (the Drawer Agent). The Cheque Cancelation or Stop Report message reports the outcome of a Cheque Cancellation or Stop Request.
