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Template Receiver BIC Is Populated Incorrectly During Template Modification And Enrich (Doc ID 2640488.1)

Last updated on FEBRUARY 29, 2020

Applies to:

Oracle Banking Payments - Version 14.3.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.3.0.0.0 version, Implementation Support


Template Receiver Bank Identifier Code is populated wrongly during Template modification and Enrich when BIC not associated with Credit Nostro is in field 53. System failed to validate BIC associated with Credit Nostro and BIC used in field 53

System should have validated the following during template modification:
if Receiver of Cover is BIC of Credit Nostro
If field 53 BIC match with BIC of Credit Nostro
Once Template is saved, user is not able to modify to correct the Receiver, Receiver of Cover and field 53.



ERROR
-----------------------

PM-VALS-085
Credit account specified and currency correspondent account for receiver of cover does not match



STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create a template with Account With Institution as Primary Currency Correspondent.
2.Save the template.Post the transaction using the template.Transaction Saved successfully.
3.Modify the template- Change the Account With Institution to correspondent.On click of Enrich System is re-deriving the Receiver and Receiver of Cover, but not re-deriving the credit account.
4.Save the template.Authorize the template
5.Post a transaction using this modified template.
6.On click of Enrich its failing with the below error:

Credit account specified and currency correspondent account for receiver of cover does not match

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot identify the root cause of error.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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