The Bank Of New York Mellon Corporation · NYSE:BNY

The Bank Of New York Mellon — Technical Presentation (March 2021)

32 slides from The Bank Of New York Mellon's technical presentation, March 2021

  1. Slide 1: Module 6: ISO pacs.004.001.09 & pacs.002.001.10

    MODULE 6: ISO pacs.004.001.09 & pacs.002.001.10 March 2021 Isabelle Bouille Product Management, BNY Treasury Services Information Classification: PUBLIC

  2. Slide 2: Agenda

    1.1 MODULE 6 AGENDA 1. Introduction 1.1 Welcome and Agenda for the Session 1.2 Recap of Previous Training Sessions 2. pacs.004 vs pacs.002 2.1 Shall I use a Return of Funds or a Rejection Message? 3. pacs.004.001.08 3.1 Scope – pacs.004.001.08 3.2 Return of Funds Message Flows 3.3 Message Structure

  3. Slide 3: 1.2 Past Modules

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 1.2 Past Modules Demystifying RTGS Migration Plans SWIFT Transaction Management ISO 20022 CBPR+ Message Flows Platform (September 2020) (October 2020) (November 2020) Deep Dive pacs.008 Deep Dive pacs.009 (December 2020) (February 2021) AVAILABLE FOR E

  4. Slide 4: 2.1 Difference between a Return and a Reject

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 2.1 Difference between a Return and a Reject pain pacs camt Corp. Y Agent A Agent B Agent C Corp. Z 2. pacs.008 1. pain.001 or else Settlement: INDA 3. pacs.002 (RJCT/AM02) Whenever the payment transaction can not be processed (eg invalid Currency) and

  5. Slide 5: 2.1 Difference between a Return and a Reject (continued)

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 2.1 Difference between a Return and a Reject (continued) pain pacs camt Corp. Y Agent A Agent B Agent C Corp. Z 1. pain.001 or else 2. pacs.008 3. pacs.008 Settlement: INDA 4. pacs.002 (RJCT/RR03) 5. pacs.004 (RR03) 6. camt.54 7. camt.053 Whenever the

  6. Slide 6: 3.1 pacs.004.001.09 – Payment Return Scope

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.1 pacs.004.001.09 – Payment Return (FIN MT Equivalent: MT 103/MT 202 – Field 72 - /RETN/) SCOPE The PaymentReturn message is sent by an agent to the previous agent chain to undo a payment previously settled. 6 Information Classification: PUBLIC

  7. Slide 7: 3.2 pacs.004.001.09 – Return of a pacs.008.001.08

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.2 pacs.004.001.09 – Return of a pacs.008.001.08 pain pacs camt Corp. Y Agent A Agent B Agent C Corp. Z 1. pain.001 or else 2. pacs.008 3. pacs.008 4. pacs.004 (eg AC04) 5. pacs.004 (eg AC04) 6. camt.54 7. camt.053 AC04: Closed Account Number 7 Inform

  8. Slide 8: 3.2 pacs.004.001.09 – Return of a pacs.009.001.08

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.2 pacs.004.001.09 – Return of a pacs.009.001.08 pacs Agent A Agent B Agent C 1. pacs.009 2. pacs.009 3. pacs.004 (eg AC04) 6. pacs.004 (eg AC04) AC04: Closed Account Number 8 Information Classification: PUBLIC

  9. Slide 9: 3.2 pacs.004.001.09 – Return of a pacs.009.001.08 COV

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.2 pacs.004.001.09 – Return of a pacs.009.001.08 COV pain pacs camt 1. pain.001 or else 2. pacs.008 Pacs.002 (Negative) Corp. Y Agent A Agent B Corp. Z 3. pacs.009 COV 6. pacs.004 Agent C Agent D 9 Information Classification: PUBLIC

  10. Slide 10: 3.3 Identification of Agents

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Identification of Agents (Refresher Modules 4 & 5) FINANCIAL INSTITUTION IDENTIFICATION BICFI Name Postal Address Clearing System Member ID (0.. 1) (0.. 1) (0.. 1) (0..1) Clearing System ID (1..1) Department (0..1) Member ID (0..1) Sub-Department (

  11. Slide 11: 3.3 Identification of Parties

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Identification of Parties (Modules 4 & 5 Refresher) PARTIES IDENTIFICATION Name Postal Address Identification (0.. 1) (0..1) (0..1) Department (0..1) Organization ID Sub-Department (0..1) (1..1) Street Name (0..1) Any BIC (1..1) Building Number (0.

  12. Slide 12: 3.3 Account Structure

    MODULE 4: ISO PACS.008.001.08 3.3 Account Structure (Refresher Modules 4 & 5) Account (0..1) Identification (1..1) IBAN (1..1) or Other (1..1) Type (0..1) (New) Currency (0..1) (New) Name (0..1) (New) The Account component is not Proxy (0..1) (New) ! Available for Ultimate Debtor, Ultimate Creditor

  13. Slide 13: 3.3 Settlement Information/Settlement Method

    MODULE 4: ISO PACS.008.001.08 3.3 Settlement Information/Settlement Method (Refresher Modules 4 & 5) Settlement Information (1..1) INDA: Settlement Account is maintained by the INSTRUCTED AGENT ! INGA: Settlement Account is maintained by the INSTRUCTING AGENT Settlement Method (New) (1..1) Clearing

  14. Slide 14: 3.3 Identifications: pacs.004.001.09

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Identifications: pacs.004.001.09 PATH IDENTIFICATION SPECIFICITIES Group Header/ Message Identification (1..1) Identifies the MX ISO 20022 message – Max 35 Characters Point to Point Transaction Information/ Return Identification (0..1) Identificati

  15. Slide 15: 3.3 Original Group Information: pacs.004.001.09

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Original Group Information: pacs.004.001.09 PATH ELEMENT DEFINITION Transaction Information/ Original Group Original Message Identification (1..1) Message Identification of underlying transaction Information Original Message Name Identification For

  16. Slide 16: 3.3 Amounts

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Amounts AMOUNT ELEMENTS SPECIFICITIES Transaction Information/Original Interbank Settlement Amount Interbank Settlement Amount from Underlying Transaction Transaction Information/Returned Interbank Settlement Amount Interbank Settlement Amount of t

  17. Slide 17: 3.3 Return Reason Information

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Return Reason Information Return Reason Information/Originator (0..1) Party that issues the Return transaction Return Reason Information/Reason/Code (1..1) Reason for the Return in coded form (Proprietary/Free text not allowed in CBPR+) – Codes mus

  18. Slide 18: 3.3 Return Chain

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Return Chain Ultimate debtor Debtor Initiating Party Debtor Agent Previous instructing Agent 1 Parties involved in the Return Transaction Previous Instructing Agent 2 Note: Ultimate Debtor, Debtor, Debtor Previous Instructing Agent 3 Agent, Ultimat

  19. Slide 19: 3.3 pacs.004.001.09 Message Structure

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 pacs.004.001.09 Message Structure Group Header Set of characteristics shared by all individual transactions included in the message. pacs.004.001.09 Information concerning the original transactions, Transaction to which the return message refers. I

  20. Slide 20: Group Header and Settlement Information elements

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 Message Identification 1..1 Group Header Creation Date Time 1..1 pacs.004.001.09 Authorisation 0..2 Transaction Information Batch Booking 0..1 Number of Transactions 1..1 Control Sum 0..1 Original Transaction Information Group Return 0..1 Total Interba

  21. Slide 21: Transaction Information elements

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 Transaction Information 1/2 Group Header Return Identification (Slide 14) 0..1 pacs.004.001.09 Original Group Information (Slide 15) 0..1 Transaction Original Instruction Identification (Slide 14) 0..1 Information Original End to End Identification (Sl

  22. Slide 22: Original Transaction Information

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 Group Header pacs.004.001.09 Transaction Information Original Transaction Information Copy of elements from the underlying payment transaction, i.e.. Please refer to Module 4: pacs.008 Deep Dive Please refer to Module 5: pacs.009 Deep Dive 22 Informati

  23. Slide 23: 4.1 pacs.002.001.10 Scope

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 4.1 pacs.002.001.10 FI to FI Payment Status Report SCOPE: The FIToFIPaymentStatusReport message is sent by an instructed agent to the previous party in the payment chain. It is used to inform this party about the positive or negative status of an instr

  24. Slide 24: 4.3 pacs.002.001.10 Message Structure

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 4.3 pacs.002.001.10 Message Structure Group Header Set of characteristics shared by all individual transactions included in the status report message. pacs.002.001.10 Transaction Information concerning the original transactions, Information & to which

  25. Slide 25: 4.3 Original Group Information: pacs.002.001.10

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 4.3 Original Group Information: pacs.002.001.10 PATH ELEMENT DEFINITION Transaction Information/ Original Original Message Identification (1..1) Message Identification of underlying Group Information transaction Original Message Name Identification (1.

  26. Slide 26: 4.3 Identifications: pacs.002.001.10

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 4.3 Identifications: pacs.002.001.10 PATH IDENTIFICATION SPECIFICITIES Group Header/ Message Identification (1..1) Identifies the MX ISO 20022 message – Max 35 Characters Point to Point Transaction Information/ Status Identification (0..1) – Not used i

  27. Slide 27: 3.3 Transaction status

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Transaction status Specifies the Status of a Transaction, In a Coded Form CODE NAME ISO DEFINITION pacs HIGH LEVEL USE CASE ACCC AcceptedSettlementCompleted Settlement on the creditor's account has been Sent by Creditor Agent to confirm the settlem

  28. Slide 28: 3.3 Status Reason Information

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 3.3 Status Reason Information Status Reason Information/Originator (0..1) Party that issues the Status Status Reason Information/Reason/ Code (1..1) Reason for the status report – if codes are used, these must be contained in the ISO Code List publishe

  29. Slide 29: pacs.002.001.10 Group Header elements

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 Message Identification 1..1 Group Header Creation Date Time 1..1 pacs.002.001.10 Transaction Instructing Agent 0..1 Information & Status Instructed Agent 0..1 Original Element removed in pacs.002 CBPR+ Transaction Reference 29 Information Classificatio

  30. Slide 30: pacs.002.001.10 Transaction Information and Status elements

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 Status Identification 0..1 Group Header Original Group Information (Slide 26) 0..1 pacs.002.001.10 Original Instruction Identification (Slide 27) 0..1 Transaction Information & Original End to End Identification (Slide 27) 1..1 Status Original Transact

  31. Slide 31: Disclosures & Disclaimers

    MODULE 6: ISO PACS.004.001.09 & PACS.002.001.10 Disclosures & Disclaimers BNY, BNY Mellon and Bank of New York Mellon are corporate brands of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries generally a

  32. Slide 32: g m A

    g m A

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