GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

GET IN TOUCH
ISO 20022 ·

Remaining MT statement and initiation messages retire through 2027–2028

The cross-border migration is not finished. After payment and cash-reporting MT messages were retired in November 2025, the remaining categories — including MT 9xx statements and MT 1xx-style messages — are scheduled to retire across 2027 and 2028, keeping readiness an ongoing task rather than a one-off project.

Contributor Shubham Mathure

November 2025 retired the cross-border MT messages that carry payments and interbank cash reporting, but it did not end the migration. Several MT categories were deliberately left for a later phase, including the MT 9xx statement and confirmation messages — such as the MT 940 and MT 950 account statements — along with remaining customer and institutional message types.

The published adoption programme schedules these remaining retirements across 2027 and 2028, replacing them with their ISO 20022 equivalents in the camt (cash management) and pain (payment initiation) families. The takeaway for operations, treasury and reconciliation teams is that ISO 20022 readiness is a multi-year programme, not a single 2025 cutover: statement processing, corporate initiation and account reporting each have their own migration dates still ahead, so testing and vendor readiness stay on the workplan.

Sources for this update2
  1. Official requirement

    ISO 20022 Standards (Swift ISO 20022 adoption programme) ↗ — Swift · ISO 20022 adoption programme: remaining MT retirement schedule

    Describes the Swift community's adoption of ISO 20022 for cross-border payments and reporting, including the CBPR+ migration and the end of MT-MX coexistence. · Checked 2026-07-12

    Programme milestones change over time; the coexistence period for in-scope cross-border payment instructions ended in November 2025. Check swift.com for the current timeline.

  2. Market practice

    Payments Market Practice Group market practice documents ↗ — Payments Market Practice Group · market-practice guidance on remaining MT retirement

    Global market practice for payment messaging, including guidance on structured party data, cover payments, and the coexistence of MT and ISO 20022 formats. · Checked 2026-07-12

    The PMPG publishes individual papers via the Swift website; its recommendations are market practice, not binding scheme rules, and adoption varies between institutions.