R-Transactions Quiz

When must a pacs.002 Status Report Message be sent?

• Must always be sent in case the instruction was processed (positive pacs.002)

• Must always be sent in case the instruction could not be processed (negative pacs.002)

When a message is returned (with pacs.004), what is true?

• The Business Application Header in the pacs.004 contains the Related (Rltd) element which will correspond to the Business Application Header of the original message.

• The Business Application Header in the pacs.004 contains the Related (Rltd) element which will correspond to the Business Application Header of the return message.

• The parties that were responsible for the settlement of the payment return message do not change. The return instruction is travelling in the opposite direction to the original instruction.

• The parties that were responsible for the settlement of the payment return message can change. The return instruction is travelling following this return chain.

When a message is returned (with pacs.004), what is true?

• Return Chain element is optional and can disclose Debtor and Creditor

• Return Chain element is mandatory and must disclose Debtor and Creditor

• Original Settlement Method, EndToEndId and UETR of the corresponding message are mandatorily disclosed unchanged in the Return message

• Original Settlement Method, EndToEndId and UETR of the corresponding message are optionally disclosed unchanged in the Return message

• Original EndToEndId and UETR of the corresponding message are disclosed unchanged in the Return message, and Settlement Method code is changed to reflect the return

If you want to request a cancellation of a previously sent message, what message will you send?

• Send a camt.056 with a mandatory Reason Code (Rsn/Cd)

• Send a camt.029 with a mandatory Reason Code (Rsn/Cd)

• Send a pacs.002 with a mandatory Reason Code (Rsn/Cd)

• Send a pacs.004 with a mandatory Reason Code (Rsn/Cd)

If you want to reject a cancellation request of a previously sent message, what message will you send?

• Send a camt.056 with a mandatory Reason Code (Rsn/Cd)

• Send a camt.029 with a mandatory Reason Code (Rsn/Cd)

• Send a pacs.002 or a pacs.004 with a mandatory Reason Code (Rsn/Cd)

• Send a pacs.002 or a pacs.004 without a Reason Code (Rsn/Cd)

Which of these statement is true for Debit / Credit Confirmation (MT900/MT910)?

• MT900 is equivalent to camt.052 and MT910 is equivalent to camt.054

• camt.054 is the equivalent message for both MT900 and MT910, but there is no indication of Debit or Credit for an entry

• camt.054 is the equivalent message for both MT900 and MT910, with the indication of Debit or Credit being mandatory for an entry

• There is no MX equivalent currently available for MT900 and 910

• camt.053 is the equivalent message for both MT900 and MT910

Which of these statement is true for camt.053 Bank To Customer Statement?

• It is equivalent to combining data from MT935, MT940 and MT950 into a single MX message, for which it is the MX equivalent message

• It has no equivalent in MT

• It can be used for providing the entries booked and balance information of multiple accounts

• Is sent by the account owner to its account servicer or to a party authorised by the account owner to receive the message

Which of these statement is true for camt.057 Notification To Receive?

• It is similar to a pacs.009 ADV, informing the next bank in the chain that an Interbank Payment will follow

• It is a whole new MX message, no MT equivalent

• It is the MX equivalent of MT210, sent by the account owner to its account servicer

• It is the MX equivalent of MT210, sent by the account servicer to its account owner