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

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

PROGRESS
DRILL · THE ISO 20022 MIGRATION TIMELINE

The words behind The ISO 20022 migration timeline

Read the plain-language definition, then name the term it describes.

The stretch of time during which a network carries both the old message format and the new one, so no bank has to migrate on the same day as every other bank.

Step 1 of 4

THE DRILL AS TEXT

  1. The stretch of time during which a network carries both the old message format and the new one, so no bank has to migrate on the same day as every other bank.
    • Coexistence period
  2. A postal address whose parts — street, building number, town, postcode, country — each sit in their own labelled ISO 20022 element.
    • Structured address
  3. A part-structured address: town and country sit in labelled elements while the rest of the address stays as free-text lines.
    • Hybrid address
  4. A postal address held as free-text lines with no labelled parts — the legacy form ISO 20022 is phasing out for cross-border payments.
    • Unstructured address

This drill is built from The ISO 20022 migration timeline — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.