Outbound Return Processing
Return processing creates a Return transaction with a system-generated Return Reference, and the Return transaction status tracks the return processing.
The following processing steps are applicable for the Return transaction
processing of a settled Inbound transaction:
- Instructed Agent Resolution
- Return Settlement Date Derivation
- Return Days Validation
- Sanctions Check
- FX Processing
- External Credit Approval
- Accounting Handoff
- Generation of return message (pacs.004)
- Transaction Cancellation Processing
This section contains the following sub-sections:
- Instructed Agent Resolution
- Instructed Agent (Cover) Resolution
- Return Chain Population
- Return Settlement Date Derivation
- Return Days Validation
- Sanctions Check
- Exchange Rate/FX Processing
- External Credit Approval
- Return Accounting
- Transaction Status Update
- Return Message Generation
- Transaction Cancellation Processing
Parent topic: Generic Wires ISO Outbound Return