3.2.2 RTGS ISO - Features

Support for:

  • Change of TARGET2 transaction screens titles to RTGS ISO from TARGET2.
  • Capturing Network Directory Key during TARGET2 RTGS Directory upload through File envelope.
  • Booking Outbound TARGET2 transactions with Instruction Identification value having up to 35 characters; Defaulting of transaction reference in Instruction Identification and allowing user to input up to 35 characters.
  • Defining separate XML Schema validation file path by introducing a new file type for TARGET2 pacs.009 COVER message.
  • Receiving and processing the incoming Rejection (admi.002) message; Matching and linking the Rejection (admi.002) message with an Outbound TARGET2 ISO message; Moving the original message to NACK Message Repair Queue for modifying the message (or) for reversing the underlying transaction; Reversing the Accounting of the Outbound matched transaction on reversing the underlying transaction.
  • Skipping Currency Holiday check for RTGS ISO transactions.
  • Populating Clearing System Code value in outgoing transactions with the value configured in Network Service ID of Generic RTGS Preference and deriving network code based on Clearing System Code field from the incoming messages for Network Code derivation.
  • Capturing the Business Service value for each for the ISO message type, Header Version, Receiver BIC, Business Service in Generic RTGS Network Preference and Populating Business Service, Receiver BIC and Generating Business Application Version in Outbound RTGS ISO messages.
  • Performing Special character check for outbound Payment Return (pacs.004), FI to FI Payment Cancellation Request (camt.056), Resolution of Investigation (camt.029) messages and replacing disallowed special character on Enrich user action with Replacement Character.
  • Capturing the RTGS ISO XML Schema (XSD) for each of the ISO message type against the Media Control System (MCS) using the new maintenance (Function ID: PSDGRXSP); Mapping RTGS ISO network to Media Control System (MCS); Validating the Outgoing RTGS ISO messages generated and incoming RTGS ISO messages against the XSD captured at MCS level; Resolving RTGS ISO network based on the MCS to network mapping for Incoming RTGS ISO messages, and deriving network based on Network Service ID and Interbank Settlement currency value received in the incoming RTGS ISO messages when multiple networks are found.

Note:

For Fedwire ISO, the XSDs must be captured in the new maintenance. For RTGS ISO networks using network type code as ‘EU-TGT’, the XSDs can be captured in the new maintenance by enabling the new system parameter.