1. Generic Wires ISO User Guide
  2. Generic Wires ISO Outbound Transaction
  3. Outbound Transaction Processing
  4. IBAN Validation

IBAN Validation

  • If you input IBAN for Creditor Account, then IBAN validation is done based on the ‘IBAN Mandatory for Payment Messages’ flag at the country maintenance for the Credit Agent country (Derived from Credit Agent BICFI). If the flag is checked, then IBAN validation is done based on the IBAN Plus maintenance (ISDIBNPL) and IBAN Information (ISDESBAN) maintenance.
  • The ‘IBAN Validation Required’ flag in the Generic Wires ISO Outbound Network Preference (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 No, then the IBAN validation is not done.
    • If network level ‘IBAN Validation Required’ flag is Yes, then the IBAN validation is done based on other preferences like the Country level ‘IBAN Validation Required’ flag value.

Parent topic: Outbound Transaction Processing