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SWIFT IN- Routing Out As FED- Charge Bearer Should Be BEN If In Msg Charge Bearer Is SHA (Doc ID 2656618.1)

Last updated on APRIL 08, 2020

Applies to:

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


On : version, Implementation Support

SWIFT IN- Routing out as FED- Charge Bearer should be BEN if in msg charge bearer is SHA

SWIFT incoming message sent with charge bearer as SHA- created FED OUT contract with charge as SENDER.
Charges are debited to sending bank vostro and message sent with charges as Sender.

As FED out- transaction- there is no charge claim or OUR scenario - chargewhom if SHA/BEN should be sent as BEN charges by deducting the charges from FED nostro.

Charge Bearer should be BEN if in msg charge bearer is SHA

The issue can be reproduced at will with the following steps:
1. Perform a FED OUT transaction.
2. Charge bearer is going wrong.


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