Navigation:  Creating ISO Wires > Creating a Pacs.008 Customer Credit Transfer Wire > For International Wires

Each Foreign provider can have different International fields depending on whether the rate is imported from a list or API connection.

 

To send a foreign wire:

 

1.In the International field group, select the Country where the Creditor Account resides.

2.Select the Foreign Currency Code.

 

This will default to the country’s currency unless you have set Default Foreign Currency to USD on the Admin screen > Options tab > Foreign Correspondent Routing Numbers field group.

 

3.Enter the Exchange Rate.

•The first field is Foreign to USD rate.

•The second field is USD to Foreign rate.

 

 

If your International field group does not have an exchange rate, enter the Instructed Amount (Currency Code and Amount) and Exchange Rate under More Amount.

 

 

Debtor Agent

These values are defaulted from the Instructing Agent fields. Unless you originate wires for other financial institutions, this will always be your institution information.

 

Creditor Agent

These values are defaulted from the Instructed Agent fields.

 

4.If the Creditor Agent uses a correspondent bank, enter the Creditor Agent Name, Member Identification Type, Member Identification (routing number or transit code), or the BICFI (SWIFT code if this institution is outside of the United States).

 

If the BICFI is entered, the Member Identification Type should be set to “None,” and Creditor Agent Name and address fields are not required.

 

5.Enter the Creditor Agent Address information. The Town Name and Country are required; the other address fields are optional.

 

 

Intermediary Agent 1

6.If the Creditor Agent uses an intermediary bank to receive wires from the Instructed Agent (correspondent bank), enter the Agent Name, Member Identification Type, Identifier (routing number or transit code), or the BICFI (SWIFT code if this institution is outside of the United States).

 

If the BICFI is entered, the Identification Type should be set to “None,” and Agent Name and address fields are not required.

 

7.Enter the Intermediary Address information. The Town Name and Country are required; the other address fields are optional.

 

Intermediary Account fields are available to fill in as specified in the wire instructions.

 

 

Intermediary Agent 2, Intermediary Agent 3

Up to three intermediary agents can be used. Repeat Step 8 above for each.

 

Ultimate Creditor

If the Creditor is receiving the wire on behalf of another party:

 

8.Enter the Ultimate Creditor Name, Resident Country, and Ultimate Creditor Address information. The Town Name and Country are required; the other address fields are optional.

9.Enter any additional information in the Additional Ultimate Creditor Identification fields. Up to two identifiers can be entered.

 

 

Payment Notification Info

10.Enter these fields if requested.

 

 

Unstructured Remittance Information

11. Enter the Originator to Beneficiary Information in this field.

 

If Structured Remittance Information is used, this option will be unavailable.

 

 

Structured Remittance Information

12. Enter Structured Remittance Information as requested.

 

You are limited to one structured record. If Unstructured Remittance Information is used, this option will be unavailable.

 

Release Time

13. Accept the default value in the Release Method field.

 

Please consult your internal policies and procedures before making changes to the default value. The release time cannot be edited after the wire is created.

 

 

14.Click <Create Wire> or <Create and Submit Wire>.                                   .

 

Once the wire is approved, it will be sent.