3.8.1 Generic Wires ISO - SWIFT gpi - gCCT / gCOV Rulebook Changes

Outbound pacs.008 Payments:
  • Marking the payment as gpi payment based on bank's participation in gCCT service using SWIFT gpi Directory lookup.
  • Referring the Outbound SWIFT gpi Receiver Agreement (or) SWIFT gpi Directory for transaction level settlement days and cutoff validations.
  • Referring the Outbound SWIFT gpi Receiver Agreement for Receiver Charge population for Charge Bearer DEBT option.
Inbound pacs.008 Payments
  • Marking the payment as gpi payment based on bank's participation in gCCT service using SWIFT gpi Directory lookup.
  • Referring the Inbound SWIFT gpi Sender Agreement (or) SWIFT gpi Directory for settlement days and cutoff validations.
Outbound pacs.009 COV Payments
  • Marking the payment as gpi payment based on bank's participation in gCCT service using SWIFT gpi Directory lookup.
  • Referring the Outbound SWIFT gpi Receiver Agreement (or) SWIFT gpi Directory for transaction level settlement days and cutoff validations for pass-through payments.
Inbound pacs.009 COV Payments
  • Marking the payment as gpi payment based on bank's participation in gCCT service using SWIFT gpi Directory lookup.
  • Referring the Inbound SWIFT gpi Receiver Agreement (or) SWIFT gpi Directory for transaction level settlement days and cutoff validations.

Confirmation Message Suppression

Suppressing the gpi reject confirmation when the payment reject (pacs.002) or payment return (pacs.004) message is generated for the cancellation of incoming and outbound pass-through pacs.008 / pacs.009 COVER transactions.

Parent topic: SWIFT gpi