ISO 20022 – Information for the changeover for corporates
The international standard for electronic data transmission aims to standardize communication and the exchange of information between financial institutions worldwide. Find out here what the changeover to the new standard means for payment transactions and how you can prepare for it now.
Advantages: Speed and safety
The switch to XML formats will standardise financial messages worldwide. The format changeover that began in Europe with SEPA is thus being continued internationally. The new ISO 20022 standard covers the entire process chain for payment transactions and will ensure greater speed and security, particularly in international payment transactions.
The changeover to ISO 20022 is entering the decisive phase: although the implementation deadline of October 2025 is only binding for banks, companies should also set themselves this date as a target. All adjustments should be completed by November 2026. We will be happy to support you.
Which formats are affected and how?
Discontinuation of camt Version 2 and replacement by camt Version 8 – affecting camt.052, camt.053 and camt.054.
Important: HCOB currently offers both camt Version 2 and camt Version 8 – camt Version 2 will be supported by HCOB until October 2025.
Deactivation or discontinuation of the MT940 and MT942 formats and replacement by the corresponding camt formats (camt.053 and camt.052, respectively).
HCOB currently supports camt and MT formats. If you use both, you must switch to using only camt formats, Version 8, by October 2025.
Only the latest format versions pain.001.001.09 and pain.008.001.08 in DK version 3.7 and higher are accepted – previous versions are no longer supported.
If you use our TRAVIC Port and enter payment orders there manually, there is no need for any changes.
If you use our TRAVIC Port and execute payments there via file upload (use of a third-party system), you must adapt the corresponding third-party system.
If you submit payment orders to us via your own EBICS client, you must ensure the latter uses only the latest format versions.
The replacement of DTAZV messages with pain.001.001.09 for foreign payment transactions (Auslandszahlungsverkehr, AZV) will not take place in November 2025 as planned, but in November 2026. Nevertheless, we recommend that our customers complete the changeover as soon as possible in order to meet the final DTAZV deadline.
Questions about your changeover?
Please feel free to contact our payment transaction experts:
iso20022@hcob-bank.com
Or take another look at our
Guide
ISO 20022
Yes, the ISO 20022 format is already supported by Hamburg Commercial Bank.
The following formats are currently supported (subject to change):
You can submit pain.001.01.09 and pain.008.001.08 payment formats to us (we will also accept older versions until October 2025). For pain.002 we provide you with positive and negative messages for SCTInst, for SDD and SCT we can only provide you with a negative message (not for all negative cases).
Both formats can be provided in parallel on the customer access computer. We are currently planning to discontinue the MT940 in October 2025. We recommend only using camt.053.001.08 and only using MT940 on a transitional basis if the systems still need to be converted to camt.053.
S Firm
Steps:
- Select an HCOB account and right-click on it.
- Select Change bank account details” in the context menu.
- Switch to the “EDI Configuration” tab in the account options.
- In the last section “Create SEPA according version (DFÜ agreement, Annex 3)”, select version 3.7 from the drop-down menu and save.
Indications:
- The setting applies to all accounts of this institution and is applied to payments created manually in SFirm and to imported third-party files.
- The SEPA scheme of third-party files that are created in third-party applications and only sent via SFirm is not affected and remains unchanged!
To retrieve account transactions in camt format, please activate the “camt(C53/52)” checkbox in the download dialog. This setting applies to all accounts of the assigned bank access until it is deactivated.
Indication:
Setting up the retrieval of camt formats is only possible when the corresponding order type was set up in the customer access (EBICS server) by HCOB
If you use the “Collective Call” function to retrieve the account amounts, it is necessary to create a new Collective Call definition with the corresponding order type (camt.053 / camt.052).
Test activities
It is possible to provide sample files upon request.
Yes, camt files can be made available to you for testing.
No, no test system with EBICS connection is offered.
Are old account statements still available if required and what are the requirements here?
General Questions
If account information is already obtained in MT format, an informal e-mail is sufficient for the changeover to camt formats. An informal e-mail is also sufficient for a changeover from camt V.02 to camt V.08. No separate order is required from HCOB for the submission of the pain message in version 09.
According to the current state of knowledge, no extended requirements will be placed on the payment files. However, it is expected that the Instant Payment Regulation (Regulation (EU) 2024/886) will result in adjustments to the recipient verification in October 2024. For this purpose, the new “Verification of payee” (VOP) service will be introduced based on a comparison of the recipient’s name and the IBAN provided. The VOP rulebook is currently being consulted and will be published in September 2024.
No, no external service providers are used for this.