Our Bank sends a PACS.008 to other FI
Our Customer requests for "Return of Funds" for any reason (incorrect account number was used)
Our Bank initiates a CAMT.056 to get the funds back
The other FI accepts the CAMT.056 but is unable to send through PACS.008 since they are a "Receive Only" bank and hence returns the funds through ACH/Wire/Chips
Our Bank receives the funds through other payment rails but we does not have a good way of updating the transaction in FTM to indicate the "Funds were reversed".
Is there a recommendation from IBM in this scenario? We wanted to use the "Funds Reversed" flag but the FTM design prevents it completely.
This is opened from the IBM PMR - TS004341155.
The reversed funds is tracked through camt.056, FTM should allow the funds reversed flag to be applied on camt.056.
|Component||Administration & Configuration|
|Priority||Medium - Important|
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