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Incoming SWIFT Message MT700 uploaded goes to Repair with inappropriate Error LC-700-007 (Doc ID 2668790.1)

Last updated on MAY 17, 2020

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.3 and later
Information in this document applies to any platform.

Symptoms

Incoming SWIFT message MT700 uploaded with missing Sender BIC maintenance is going to repair with inappropriate error mentioned below

ERROR
-----------------------
LC-700-007 Failed to get CIF for Sender


STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Upload incoming message MT700
2. Message should have Sender as invalid (Maintenance missing for BIC or address maintenance not done)
3. After save, check the repair reason and its description

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot take correct action to rectify the error, since the error description does not clearly state that BIC maintenance is missing

Cause

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In this Document
Symptoms
Cause
Solution
References


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