1. Generic Wires ISO User Guide
  2. Generic Wires ISO Inbound Interbank Customer Credit Transfer Initiation (pain.001)
  3. Transaction Processing
  4. Agreement Validation

Agreement Validation

  • The existing MT101 Inbound Agreement (PXD101IM) maintenance is reused to do the agreement validation.
  • The Customer number (Derived) and Requested Execution Date is used to validate the MT101 Inbound Agreement with Party Type as ‘Ordering Customer’.
  • If a valid maintenance is found, then the Sender BIC (Received in Business Application Header – From Tag) is checked whether the BIC is in the Allowed Sender’s list or not. The 11-character specific BIC is checked first, and then 8-character BIC (8+XXX’) iswill be checked.
  • If there is no valid (Open/Authorized) maintenance found (or) the Sender BIC is not in allowed list, then the transaction is moved to Business Override Queue (BO).

    Note:

    The above validation are done only if the transaction is not a Future Dated transaction.

Parent topic: Transaction Processing