MX MT Interop

SWIFT MT/MX coexistence tooling during migration.

Definition

The SWIFT Translation Portal provides MT to MX conversion (T-Copy) and MX to MT conversion (T-Cover) with truncation handling. Truncation Indicator (TRUN) signals ISO 20022 data lost in the MT. Coexistence implies dual pipeline or central hub. Phased migration with pacs.008 mandatory August 2024.

Origin

SWIFT, Translation Portal services launched 2018, MyStandards translation rules 2020, Translation API 2022.

Usage

Essential for cross-border banks that must maintain MT FIN for not-yet-migrated counterparties while sending MX to CBPR+ adopter counterparties.

Related terms

• MX MT Mapping — tables sous-jacentes.
• CBPR+ — guide migration.
• SWIFT MyStandards — portail usage guidelines.