Effective from 2021-05-05 - May 04 2021 To view other versions open the versions tab on the right
The receiving Direct Participants shall perform the following validation checks, for returned cross-currency payment messages:
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Any Payment being returned must be returned as a single message,
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The Payment Reference in field 72 is the same as the Reference in the original payment,
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Only one successful return payment is allowed for each received payment message,
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The payment must be returned within a maximum of 2 business days from the date of receiving the original payment message when both countries (sending and receiving) have business day simultaneously,
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The payment currency code and amount in the return payment must be the same as those in the original payment message,
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The exchange rate in the return payment must be the same as the exchange rate in the original payment message received by the return message creator's party,
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The instructed currency code and amount in the return payment must be the same as those in the original payment message received by the return message creator's party,
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The presence of original direct payment reference is checked in Central Component database and Return is rejected if
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The original direct credit reference is not found, or,
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The return is greater than two business days
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A successful Return has already been accepted by the Central Component
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Either of the currency amounts, currency code or exchange rate do not match the original payment
