This white paper provides the reader with some in-depth background about the ISO 20022 Stand-alone Remittance messages; why they were developed, how they were developed, the use cases they address and the case for adoption of the messages by industry and financial service providers.

Many examples are provided in order to familiarize the reader with structure and capabilities of the messages. However, this paper does not explain all of the data elements in detail. Items that are self-explanatory or not structurally significant may not be shown. When implementing these messages the reader is referred to the ISO 20022 repository, where the formal definitions of the messages are maintained.

Understanding the ISO 20022 Stand-Alone Remittance Messages