DTC Mandates New ISO 20022 Format for Wire Instructions
Published Date: 7/22/2025
Notice
Summary
The Depository Trust Company (DTC) is updating its Settlement Service Guide to switch from the old Fedwire messaging format to the new ISO 20022 format starting July 14, 2025. This change affects all DTC participants who send settlement payments and fund contributions, ensuring smoother and more modern wire instructions. No extra costs are mentioned, but everyone needs to follow the new rules right away.
No Economic Impacts Identified for this Document
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