Additional Frequently Asked Questions
- Will the format of the download file for the E-Payments Routing Directory be changed as part of the Fedwire® Funds Service migration to the ISO® 20022 standard?
No, the format of the download file for the E-Payments Routing Directory will remain as-is and will not be changed with the ISO 20022 migration. There are no plans to change the format of this file or add additional data elements in the future.
- Will broadcast messages for E-Payments Routing Directory and Fedwire Securities Service move to the ISO 20022 standard?
With the ISO 20022 implementation, effective March 10, 2025, we will retire broadcast messages related to changes to Fedwire Funds Service customers in the E-Payments Routing Directory. Customers with access to a FedLine® solution can routinely download the E-Payments Routing Directory to obtain copies of the most recent directory. This directory is updated whenever changes are made. Please refer to the E-Payments Routing Directory FAQs for additional information.
Broadcast messages related to the Fedwire Securities Service will remain in the legacy format.
- Will the Fedwire Funds Service continue to support the market practices for Dodd-Frank remittance transfers and SWIFT® global payments innovation (gpi) after ISO 20022 is implemented?
Both of the following market practices will be discontinued when we implement ISO 20022 messages on March 10, 2025 because the ISO 20022 messages include data elements to carry the information described in each market practice and thus the market practices are no longer needed.
- Will the FedTransaction Analyzer® tool be updated to include the Fedwire Funds Service ISO 20022 messages?
Effective, March 10, 2025, the FedTransaction Analyzer tool will be updated to include Fedwire Funds Service ISO 20022 messages. Additional information will be provided in 2024, but in the meantime, please note the following:
- The look and feel of the FedTransaction Analyzer tool will remain as it is today.
- The data included in the FedTransaction Analyzer tool will be limited to the fields that the tool provides today and will not be enhanced to include all of the data elements available in ISO 20022 messages. For example, the tool will not be updated to include the Ultimate Debtor, Ultimate Creditor, and other new parties/agents that can be included in ISO 20022 messages. Due to this limitation, you will not be able to solely rely on the FedTransaction Analyzer tool to contain full details of your Fedwire Funds Service messages. While the tool may be enhanced in the future to include all ISO 20022 data elements, that date has not yet been determined.