1. EU SEPA Credit Transfer User Guide
  2. Domestic Low Value Payments
  3. R-Transactions Dispatch

R-Transactions Dispatch

  • The Network cutoff check will be done for all R-transactions listed above. If the Network Cutoff is over, R transaction processing date is moved to next Network business day.
  • Reversal accounting entries, if applicable, are posted on the current day itself with value date as the new date derived.
  • R-Transaction details will be logged in the dispatch table with dispatch date as next Network business day.
  • Dispatch file generated for the first cycle on the dispatch date will include these Rtransactions.

FX Fetch for R-Processing

Changes are done in R-processing to fetch the new rate for the below listed transactions if the preference is set in Network preferences for re-do of FX:
  • Return or positive response of recall of SEPA Credit Transfer pacs.004
  • Reject (received after accounting)/return /refund of SDD pacs.004
  • Reversal of SDD pacs.007
  • Recall of SDD camt.056 (received after accounting)
  • Network reject of SDD/SEPA Credit Transfer messages which results in reversal of accounting

The new rate are fetched from internal rates or as a call to external FX system based on FX preference for the original transaction.

The reversal accounting is passed using the amount derived using the new rate. Transfer amount is converted back to account amount.

If ‘Re-do FX for R-transactions flag is not checked in Network preferences then the Rtransaction accounting will be reversal of original accounting. For more details on ‘Re-do FX for R-transaction Flag’ refer to Payments Core User Guide.

Parent topic: Domestic Low Value Payments