~Compatible with SWIFTNet message format ISO20022 migration~
ISID Information Services International-Dentsu, Inc. (headquartered in Minato-ku, Tokyo; President and CEO: Ryoichi Nawa; hereafter referred to as ISID) is for financial institutions. For the Bank of Japan's settlement liquidity management system "Stream-R", we have developed the "SWIFT ISO20022 compatible option (hereafter referred to as this option)" that supports the transition to the message format ISO20022*2 of SWIFTNet*1, an international financial network. Now available. Stream-R is a settlement management system that supports real-time gross settlement (RTGS settlement)*4 of the Bank of Japan Net*3 operated by the Bank of Japan. We will realize integrated management of the processes related to the settlement of current accounts, government bonds, foreign exchange, etc. that each financial institution performs through the BOJ-NET. In the foreign exchange yen settlement business, we send and receive telegrams related to settlement between SWIFTNet and the BOJ-NET, as well as manage transactions and balances. The Society for International Interbank Telecommunications (SWIFT), which operates SWIFTNet, has changed the electronic message format currently adopted for SWIFTNet from fixed-length MT (message type) format to XML*5 ISO20022 Ver.8 format ( We are proceeding with the transition to the new format), and plan to start full-scale use from November 2022. Compared to the MT format, the new format has more items and is highly flexible and expandable, so it is expected to be useful from the perspective of anti-money laundering, as it is easy to identify individual remittance sources and remittance recipients. increase. On the other hand, the message format of the BOJ-NET does not currently support the new format, and the timing of transition is undecided. Individual responses are required to fill the gaps between them. In response to this situation, ISID has developed this option in Stream-R in order to realize data linkage corresponding to the items added by the new format migration. Stream-R is connected to the foreign exchange accounting system*6 and the Bank of Japan Net gateway system*7. Accommodates differences between formats. In this option, in order to support the items added by the new format transition in SWIFTNet, and to enable data linkage with the BOJ-NET, we have improved the interface with both systems. This makes it possible to link payment information without missing data on the payment network.SwiftNet ISO20022 transition compatible image in Stream-R (MT new format coexistence period until November 2025)
Prior to the start of provision of this option, we have started introducing it for some users. ISID will continue to support the sophistication and efficiency of financial institutions' settlement operations by enhancing and improving the functionality of Stream-R, thereby contributing to the development of Japan's settlement system. *1 SWIFTNet: SWIFT is an abbreviation of Society for Worldwide Interbank Financial Telecommunication, an association that promotes the mechanization, rationalization and automation of paperwork related to international financial transactions. SWIFTNet is a network system that uses computers and communication lines to transmit messages related to international financial transactions between banks participating in SWIFT. *2 ISO20022: An international standard for financial communication messages established by the International Organization for Standardization (ISO) that uses XML as the main data description language. *3 Bank of Japan Net: An abbreviation for the Bank of Japan Financial Network System, a Japanese financial network system established for the purpose of efficiently and safely performing online settlements of funds and government bonds between the Bank of Japan and its counterparty financial institutions. A network operated by a bank. *4 Real-time gross settlement: Real-Time Gross Settlement (RTGS) is one of the methods of account transfer between financial institutions at the central bank. Unlike point-in-time net settlement, non-payment by one financial institution is always identified as a failure to pay to which financial institution, and payments to other financial institutions are not immediately suspended. *5 XML: An abbreviation for Extensible Markup Language, it is a markup language that can be easily expanded into a language for any purpose by sharing basic syntax rules. It is characterized by embedding structure in sentences with specific codes called "tags". *6 Foreign exchange accounting system: A system that performs accounting and transaction processing related to foreign exchange operations such as foreign remittances, import/export transactions, forward exchange contracts, and foreign currency deposits. *7 BOJ-NET gateway system: A system for connecting customer financial institutions and BOJ-NET. ■About Stream-R■Stream-R is a payment management system that supports RTGS payments of the Bank of Japan Net, a large-value payment system operated by the Bank of Japan. We will realize integrated management of a series of processes such as balance management, settlement transmission, and reconciliation for current deposits, government bonds, and foreign exchange settlements on the BOJ Net at each financial institution. We also respond to common requests among users and customize responses to individual needs, making it possible to provide detailed responses to customer needs. See here (https://www.isid.co.jp/solution/streamr.html) for details. About Information Services International-Dentsu (ISID) ISID's vision is "HUMANOLOGY for the future-creating the future with people and technology." is supported by In addition to providing solutions cultivated in the four areas of finance, manufacturing, business solutions, and communication IT, we will promote "X Innovation (cross innovation)" that transcends the boundaries of technology, industry, company, and region, We will continue to create solutions that contribute to the evolution and coexistence of society. For details, please see the official website (https://www.isid.co.jp/). *Company names and product names mentioned in this article are trademarks or registered trademarks of their respective companies. * The following is special information limited to media personnel. Please refrain from disclosing information on personal SNS etc.This press release contains information for members of the media.
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- ISID Launches “SWIFT ISO20022 Compatible Option” for Bank of Japan Settlement Liquidity Management System “Stream-R”
