6.2.1 Instructed Agent Resolution
Instructed Agent Resolution refers to a process within the payments system where an instructed agent usually an intermediary or correspondent bank, that needs to resolve issues or provide clarifications related to a payment instruction.
The types of returns are as follows:
Settled Returns
- CBPR Plus: The Instructed
Agent derived on basis of the value in the
Settlement Method field of
the Original Transaction:
- If the value in the Settlement Method field of the Original Transaction is INDA or INGA, then the Instructed Agent is derived as Instructing Agent of Original Transaction.
- If the value in the Settlement Method field of the Original Transaction is COVE (that is, applicable only in case of pacs.008 transactions), then the Instructed Agent is derived as Instructing Agent of Cover Transaction.
- TARGET2: The Instructed Agent is derived as Instructing Agent of Original Transaction.
Unsettled Returns
- Payment Return
(pacs.004):
- CBPR Plus: The Instructed
Agent derived on basis of the value in the
Settlement Method field of
the Original Transaction:
- If the value in the Settlement Method field of the Original Transaction is INGA, then Instructed Agent is derived as Instructing Agent of Original Transaction.
- If the value in the Settlement Method field of the Original Transaction is COVE (that is, applicable only in case of pacs.008 transactions), then Instructed Agent in Return Details tab is derived as Instructing Agent of Cover Transaction.
- TARGET2: The Instructed Agent is derived as Instructing Agent of Original Transaction.
- CBPR Plus: The Instructed
Agent derived on basis of the value in the
Settlement Method field of
the Original Transaction:
- Payment Reject
(pacs.002)
- CBPR Plus: The Instructed
Agent derived on basis of the value in the
Settlement Method field of
the Original Transaction:
- If the value in the Settlement Method field of the Original Transaction is INGA, then Instructed Agent is derived as Instructing Agent of Original Transaction.
- If the value in the Settlement Method field of the Original Transaction is COVE (that is, applicable only in case of pacs.008 transactions), then Instructed Agent in Reject Detail tab is derived as Instructing Agent of Cover Transaction.
- TARGET2: Pacs.002 message generation for TARGET2 is not supported.
- CBPR Plus: The Instructed
Agent derived on basis of the value in the
Settlement Method field of
the Original Transaction:
Parent topic: Outbound Return Processing