MT940 Message Format - NAK In SWIFT
(Doc ID 2911155.1)
Last updated on NOVEMBER 28, 2022
Applies to:
Oracle FLEXCUBE Universal Banking - Version 14.5.0.0.0 and laterInformation in this document applies to any platform.
Symptoms
On : 14.5.0.0.0 version, Implementation Support
ACTUAL BEHAVIOR
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MT940 Message Format - NAK in SWIFT
The MT940 messages generated from V14 has been NAKed in SWIFT due to the format in SWIFT
EXPECTED BEHAVIOR
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MT940 message should be accepted successfully by SWIFT alliance and it should not be NAKed
STEPS
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The issue can be reproduced at will with the following steps:
1. Create a Payment transaction with Narrative as
::::Mrs ABC||::::V14-4379||Buy Currency::EUR||Exchange Rate::1.18
2. Generate a MT940 message such that the transaction is included in the MT940
3. Verify if SWIFT alliance has accepted the message and there is no NAK for that.
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, MT940 messages are NAKed by SWIFT
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |