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Kitchen sink

Information about some of the key messages before we dive deep into.

Payments​

Credit Transfer​

  • As a customer, to initiate a transfer you may send pain.001 to your bank
  • Your bank will then send pacs.008 to the creditor bank or intermediary bank
  • It could also send pacs.009 cover message to the reimbursement/correspondent bank
  • pain.002 will be used by your bank to inform you(customer) the status of the payment instruction
  • pacs.002 will be used to instruct the instructing agent(Your Bank) by the instructed agent about
    • the status of the transaction or
    • to reject the transaction
  • pacs.004 will be used to return the transaction
  • camt.054 will be used to inform the account owner of the debit/credit on the account
  • camt.052 can be used independently to provide the account report to the account owner
  • camt.053 can be used independently to provide the periodical statement to the account owner
  • pacs.009 core is used to send the payment from one bank to another(not customer initiated)
note

Work in progress - Request for return