ISO20022 standard Message Implementation Knowledge Question Answer Phase1–11 to 20 Question

 

11. What is MessageDefinitionIdentifier?

 It is a mandatory field which defines the name of the Business Message as published on the ISO 20022 website. E.g. pacs.008.001.03 

12. What is BusinessService? It is a mandatory field specifying the business service agreed between the two MessagingEndPoints under which rules this Business Message is exchanged. It comprises a fixed value of “RTGS”, and in the case of BAH for pacs.008 and pacs.009 the fixed value of “RTGS” must be followed by the local instrument name, i.e. for RTGS, BAH for pacs.008: ‘RTGSFIToFICustomerCredit’. For RTGS, BAH for pacs.004; ‘RTGSPaymentReturn’ For RTGS, BAH for pacs.009:-‘RTGSFIToFICredit’ or -‘RTGSOwnAccTtransfer’ or -‘RTGSNetSettlementXXzNN’

Where ‘XX’ is the clearing type which may take values ‘GC’, ‘IB’, ‘FX’, MC, SE, OT & so on. ‘z’ is the indicator which may take values C –Original, R-Return, L-Last Return. “NN” is the return serial. “GC” stands for guaranteed settlement of Securities and CBLO segment. "IB" stands for guaranteed settlement of FOREX segment. "FX" stands for non guaranteed settlement. “MC” Stands for MICR Clearing “SE” stands for non-guaranteed MNSB “OT” stands for Other MNSB 

13. How to define CreationDate? 

It is a mandatory field which is defined as the Date and time when this Business Message (header) was created. The format is yyyy-mm-ddThh:mm:ss. Time upto second is recorded. 

14. How CopyDuplicate is used in BAH? 

It indicates whether the message is a Copy, a Duplicate or a copy of a duplicate of a previously sent ISO 20022 Message DUPL Duplicate(Message is for information/ confirmation purposes. It is a duplicate of a message previously sent). Valid Values are: CODU COPY DUPL 

15. What is stored in Signature field? 

It contains the digital signat

16. How the end-to-end security is ensured in NG-RTGS transactions. The RequestPayload will be used as single message tag which will contain both BAH along with signed and encrypted Business Message. The signature is attached in the BAH in tag before transmitting the message to NG-RTGS system by the bank. Further, the business message will be encrypted before it is transmitted over the Wide Area Network (WAN). 

17. Can the bank use Straight Through Processing (STP) between CBS and NG-RTGS? 

The banks can use STP between CBS and NG-RTGS in two possible ways The STP between the CBS and NG-RTGS is faciliated by either the SFMS thick client or by the implementation of the web-service API provided it is PKI enabled. For the API option the requirements on the bank’s CBS are: - Implementation of a client for the API (or purchase an equivalent commercial product) and integration of the client with the CBS - Owning a valid certificate to be able to connect to the NG-RTGS. For the thick client the SFMS infrastructure (updated with the latest patch for the MI client as provided by IDRBT) may be upgraded with proper sizing if required. 

18. When the field Related can be used?

 The Related field can be used while replying to a query; can also be used when canceling or amending a transaction. This field must be present when CopyDuplicate field is present. 

19. How a FIToFICustomerCreditTransfer message is defined? FinancialInstitutionToFinancialInstitutionCustomerCreditTransfer message is sent by the debtor agent to the creditor agent, directly or through other agents and/or a payment clearing and settlement system. It is used to move funds from a debtor account to a creditor. The FIToFICustomerCreditTransfer message is composed of two building blocks (i) Group Header (ii) Credit Transfer Transaction Information. (i) Group Header: This building block is mandatory and present once. It contains elements such as MessageIdentification and CreationDateAndTime

(ii) Credit Transfer Information: This building block is mandatory and for RTGS it will be present only once. It contains elements related to the debit and credit side of the transaction such as Creditor, CreditorAgent, Debtor and DebtorAgent. 

20. What is MessageIdentification? 

It is a mandatory field and is same as the BusinessMessageIdentifier defined in the BAH above. 

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