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Swift Renames Second Edition of ISO 15022 Standard

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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.

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