Validates the creditor account IBAN based on country-specific rules and IBAN maintenance tables to ensure accurate transaction processing.

• If an IBAN is entered for the Creditor Account, validation is performed based on the IBAN Mandatory for Payment Messages flag in the Country Maintenance for the Credit Agent country (derived from the Credit Agent BICFI). If this flag is enabled, the IBAN is validated using the IBAN Plus Maintenance (ISDIBNPL) and IBAN Information Maintenance (ISDESBAN) tables.
• The IBAN Validation Required flag in the Generic Wires ISO Outbound Network Preference Maintenance (PSDOGWNP) is referred during the Outbound Origination / Outbound Pass-through FI to FI Customer Credit Transfer transaction (pacs.008) and FI Credit Transfer transaction (pacs.009) processing:
  • If network level IBAN Validation Required flag is set to No, then the IBAN validation is not done.
  • If network level IBAN Validation Required flag is set to Yes, then the IBAN validation is done based on other preferences like the Country level IBAN Validation Required flag value.