Automatic exchange of information requires the standardisation of technical reporting formats so that information can be captured, exchanged and processed quickly and efficiently in a cost-effective manner by the receiving jurisdiction. In addition, secure and compatible methods of transmission and encryption of the data must be in place. Further work is currently being undertaken by the OECD in both of these areas. A common schema is being developed for the standardised model as well as recommendations on transmission and encryption.
The standard formats, designed by the OECD, presently used by countries are:
- the 1997 Standard Magnetic Format (SMF) which was recommended by the OECD Council C(97)30/FINAL and
- the Standard Transmission Format (STF 2.1 ) recommended for use as of 1 January 2012 and based on XML.
User Guides assist in the implementation of those standards. As the SMF continues to be used bridging programs between the two standards are also available and regularly updated. They are designed to enable countries able to work only with SMF to transform information they receive in STF into SMF files and vice versa.
As of 1 January 2012, countries should not use the previous versions of the STF and bridging programmes for new exchanges. The previous versions provided below are for use for exchanges before 1 January 2012.
Any questions on the standard formats should be sent to: CTP.AEOI@oecd.org