Swift Renames Second Edition of ISO 15022 Standard

To avoid confusion, Swift plans to rename its planned second edition of the ISO 15022 messaging standard, which is used in many corporate actions and other financial applications. The new edition – which will be offered alongside the original – will be called UNIFI (for Universal Financial Industry messaging scheme) and will be designated a different number: ISO 20022. UNIFI will be more comprehensive than ISO 15022 in that it includes standardized message formats, rather than simply providing a framework for developing messages.