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Did SWIFT cross-border payment instruction coexistence between MT and ISO 20022 end in November 2025?
Payment Messages and ISO 20022
Learn why 2026 cross-border payment education cannot stop at MT103.
Historic MT terminology
MT103 has long been used for single-customer credit transfer information and remains familiar market language.
Reviewed: September 2026Standards and bank policy can change.How MyGreed classifies proceduresOfficial-source directory
Cross-border migration
For SWIFT cross-border payment instructions, the MT/ISO 20022 coexistence period ended on 22 November 2025. ISO 20022 is now the standard language for CBPR+ cross-border payments.
Contingency processing
Some legacy MT payment instructions, including certain MT103 variants, may be subject to contingency conversion/processing rather than being the preferred native cross-border format.
What MyGreed teaches
Users should understand both the legacy MT terminology they will still hear and the modern ISO 20022 payment-message environment.
Source / standards noteSWIFT standards evolve through standards releases. This page teaches message purpose and common concepts; banks should use the current official message specification for live traffic.
Remember thisIn 2026, teach MT103 historically and operationally — but teach ISO 20022 as the current cross-border payments standard.
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