Navigation:  Creating ISO Wires > How to Return a Wire - ISO Pacs.004 > Return an Inbound Wire That Is Not in a Final State

This section explains the process for returning inbound wires that are not in a final state. Final states are Canceled, Completed, or Returned.

 

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.

 

To return an inbound wire not in a final state:

 

1.On the Inbound tab, check the selection box at the left of the wire number.

2.Click the <Return> button.

3.Select the return reason from the Return Reason drop-down list.

4.Enter any other information in the two Additional Information fields.

 

 

5.Click <Return Wire>.

 

 

 

The wire now has a "Pending Return" status and needs one approval.

 

5.Someone else will need to approve the wire because dual control is required.

 

After approval, the status will show "Returned," and no more changes can be made.

 

 

 

On the Outbound tab, you can now see a Pacs.004 wire in a "Submitted" state with the appropriate Monetary Instrument code matching the inbound wire.

 

Local Instrument Codes for the Pacs.004 Function

 

The following table defines the Local Instrument codes available for the Pacs.004 Function and shows the FAIM codes they replace.