camt.053
ISO 20022 bank statement
Other languages: Deutsch · Français · Español
XML format under ISO 20022 for electronic account statements, replacing the older SWIFT MT940 format.
Family office software can import camt.053 statements, match accounts by IBAN and detect duplicate bookings.
In practice
In practice, camt.053 statements are obtained from each bank on a daily or monthly basis and imported automatically. Because the format contains structured data on counterparties, references and booking dates, payments can be matched to invoices and transactions categorised with fewer manual steps. Statements are archived in their original form, so that imported data can be traced back to the source.
Distinctions and common mistakes
camt.053 is the end-of-day statement; intraday information uses camt.052 and debit or credit notifications use camt.054. A common mistake is to import the same period twice from different formats, which leads to duplicate bookings if duplicates are not detected.
Relevant in: EU-wide
Related terms
- Consolidated wealth
- The overall view of a family's wealth across all banks, structures and currencies in one reporting currency.
Mentioned in these guides
- Software for the single family officeSingle family office software: the whole family structure, consolidated wealth across all banks, documents with deadlines and compliance evidence in one system.
- Consolidated wealth overview for the single family officeConsolidated wealth in a single family office: look-through across companies and foundations, one reporting currency, performance and illiquid assets.
- Transaction monitoring in a family officeHow a family office monitors transactions in line with risk: criteria for anomalies, clarification, documentation and the link to the reporting obligation.
- Building a family office's reporting frameworkHow a family office builds its reporting: recipients, frequency, contents, data flow through to approval, controls and a template for the monthly report.
- Implementing family office software: the project planHow a family office introduces new software: HERMES-style phases, data inventory, structures, bank feeds, migration, parallel run, training and acceptance.