Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
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
