Key Considerations For Treasurers As Relay Migrates To ISO 20022 Pain.001

This briefing outlines key considerations for corporate treasurers regarding the transition of the Relay service to ISO 20022 pain.001 standards. It emphasizes the importance of Rulebook adoption and native ISO submission to ensure reliable, cost-effective payment execution.

Key Takeaways

• 1.The migration to ISO 20022 pain.001 requires treasurers to ensure their banks adhere to the Relay Rulebook to avoid payment failure or manual intervention.
• 2.Treasurers should move to native ISO 20022 submission to maintain control over data quality and reduce the risks associated with legacy format conversion.
• 3.RMA (Relationship Management Application) authorizations are a critical, often overlooked, requirement for end-to-end payment connectivity.

Table of Contents

• Key considerations for treasurers as Relay migrates to ISO 20022 pain.001
• Why the Relay migration matters for treasury teams
• 1) Banks Rulebook adoption: when network standardisation becomes operationally real for corporates
• 2) Does Rulebook adoption replace bilateral client contracts?
• 3) RMA: the invisible – but decisive – precondition for end-to-end bank-to-bank connectivity
• 4) When bank-to-bank is ISO 20022-native but customer interface remains mixed: the strategic fault line
• 5) How banks de-risk the migration – and the questions treasurers should actively engage on

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