Regulatory Alerts2022-01-01
CB Circular No. 15 of 2022: Updating ISO 20022 Message Usage Guidelines for Zambia Interbank Payment and Settlement System on SWIFT's MyStandards Portal
The Bank of Zambia has published an updated version of the ISO 20022 message specifications and usage guidelines for the Zambia Interbank Payment and Settlement System (ZIPSS) on SWIFT's MyStandards portal. This update, based on the High Value Payment System Plus (HVPS+) Accelerator Pack version 1.1, aims to incorporate important messages and align with Cross Border Payments and Reporting Plus (CBPR+) guidelines. Key changes include making specific elements mandatory in pacs.004, pacs.008, and pacs.009 messages, introducing a new Usage Identification swift.iap.01, and adding four new messages for DNS and reservation operations.
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