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FED In Routing To SWIFT- Charges Should Always Be BEN (Doc ID 2668601.1)

Last updated on MAY 31, 2020

Applies to:

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

Symptoms

ACTUAL BEHAVIOR
---------------
FED In routing to SWIFT- charges should always be BEN

1. As per the latest fix, charges should always be defaulted as BEN and debited from CR Nostro.
2. FED- do not support charge claim and hence any routing payment will be sent out after deducting from BEN (CR account).

EXPECTED BEHAVIOR
-----------------------
charges should always be BEN

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Perform FED to SWIFT transaction
2. Charges are not BEN as expected.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot deduct the charge from BEN.

Cause

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In this Document
Symptoms
Cause
Solution
References


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