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

Agreement Validation

  • The Outbound Agreement is validated based on the existing MT101 Outbound Agreement (PXD101OM).
  • The agreement is checked against the Customer Number, Receiver, and Requested Execution Date combination. For specific combination, if there is no agreement, the system check the Receiver with HO BIC (8 Char BIC + ‘XXX’).
  • If a valid agreement is not found, then Outbound pain.001 is sent to Business Override Queue (PQSOVERQU). The Transaction Status of the Outbound pain.001 is updated as ‘Exception’ and the Queue Code field is updated as ‘Business Override Queue’.

Parent topic: Transaction Processing