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Currency Correspondent - 8 Digit BIC (Doc ID 2830686.1)

Last updated on JANUARY 06, 2022

Applies to:

Oracle Banking Payments - Version 14.4.0.0.0 and later
Information in this document applies to any platform.

Symptoms

Bank is facing the following issue : they have a currency correspondent maintenance for BIC CXXXXXX80A.
This is the BIC that is supposed to be displayed also in the generated messages for outgoing contracts,
when the respective Nostro account is used. However if they receive an incoming SWIFT with 8 digit BIC (CXXXXXX)
the system does not recognize it as coming from correspondent and puts the message in Pending Cover.

Expectation is to process the message with the Nostro, maintained for CXXXXXX80A.
Please find attached a print-screen with the correspondent maintenance and debug from uploading a message, where we have in 53A:CXXXXXX.

Please note, that system is not allowing to maintain one more correspondent with the same Nostro and BIC CXXXXXXXXX

Cause

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In this Document
Symptoms
Cause
Solution
References


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