SWIFT and TWIST cooperate on ISO 20022 counterpart billing message

24 July 2012

SWIFT and TWIST cooperate on ISO 20022 counterpart billing message

SWIFT and TWIST have co-developed the camt.086, an ISO 20022 counterpart message to TWIST Bank Services Billing (BSB). The TWIST BSB version 3.1 should continue to be offered by banks while the industry migrates to the ISO 20022 camt.086 version of the BSB, say the partners.

The camt.086 BSB message is the function equivalent of the TWIST BSB version 3.1 and nothing has been lost from the TWIST BSB, assert the partners. The only changes made were to conform to the ISO 20022 XML messaging standard, which is attempting to become the de facto global messaging standard for financial services. The camt.086 message specifications and XML Schema are now available to be downloaded.

TWIST announced that a Message Usage Guide (MUG) is being reviewed and will be published shortly. It is the functional equivalent of the TWIST ‘Global Electronic BSB Standard – Requirements Document’. It will describe ‘the data content requirements of the BSB standard as defined by ISO2002’ and will include a sample camt.086 message and a data mapping between the TWIST BSB v3.1 and camt.086 message.

The next TWIST BSB Newsletter, due out this autumn, will include guidance to the adoption plans of the banks and software vendors.

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