To begin with, I would like to let you know where the key CBPR+ documentation can be found.
CBPR+ landing page
The best way to learn about CBPR+ is to visit their landing page on MyStandards portal. To access MyStandards Portal either the MyStandards or SWIFT account is needed. The account is free of charge. To access the CBPR+ documentation I created my own SWIFT account which is not connected to any Financial Institution. To create such an account you may follow this link: How to become a SWIFT user. You will find all the information there.
Once you have created your account you should be able to access the CBPR+ landing page on MyStandards. If you click on this link: MyStandards, after you log in, you will access the MyStandards portal, where you will find a dedicated button that will take you to the CBPR+ landing page.
CBPR+ page contains a lot of information. It’s a great place to start our journey, as we have all the necessary links there.
In my opinion, there are three elements of CBPR+ documentation that are particularly helpful in understanding how cross-border payments are processed.
(1) CBPR+ User Handbook
(2) CBPR+ Sample Messages
(3) CBPR+ Usage Guidelines & Readiness Portal
They can be found in the following places on the CBPR+ landing page:
Let’s talk about them one by one.
CBPR+ User Handbook
To access this document click on the following link on CBPR+ landing page.
These examples are complemented by Sample Messages, which brings us to the next point.
CBPR+ Sample Messages
We can access the Sample Messages by following the path described below:
These sample messages show detailed examples of messages for chosen flows presented in CBPR+ User Handbook.
CBPR+ User Handbook and Sample Messages are highly valuable sources of information.
But still, to investigate the messages’ specifications in depth we need to explore CBPR+ Usage Guidelines & Readiness Portal.
CBPR+ Usage Guidelines & Readiness Portal
We can access the CBPR+ Usage Guidelines & Readiness Portal by following the path described below:
I hope the above CBPR+ deliverables will help you to familiarise yourself with the new normal for cross-border payments and will be an invaluable source of information for your own payment investigations.
Ps. CBPR+ also defined the MT/ISO 20022 translation rules for the coexistence period between these two standards until 2025. However, since these are not publicly available I will not cover this topic here.