Navigation:  Creating ISO Wires > How to Return a Wire - ISO Pacs.004

FRB Regulations for Returned Wires

 

The Return Chain in a pacs.004 must identify all parties/FIs involved in the pacs.004 return payment; these parties/FIs should be identified by their role in the pacs.004 and not by their role, if any, in the original pacs.008 or pacs.009 message.

 

For more information, see https://www.frbservices.org/resources/financial-services/wires/faq/iso-20022/format.

 

The Return Process in ISO

 

The Return process in ISO has three steps:

 

1.Return Request (Camt.056)

2.Return Response (Camt.029) -– accepted or denied. This return response is only for the negative or denied response. We consider the Pacs.004 the accepted response.

3.Return Payment (Pacs.004)

 

You can return wires before or after they are in a final state. Final states are Canceled, Completed, or Returned. The process of returning wires depends on the state they are in.

 

For more information, see the following sections:

 

Return an Inbound Wire That Is Not in a Final State

Return an Inbound Wire in a Completed State