Outgoing Domestic - ISO20022 CAMT 029 - Return Response

  • Published on Feb 5, 2025
  • 1 minute(s) read
  • Stephanie Schmidt
  • Jevon Cliffgard
 Prev Next

CAMT 029 Return Response provides the credit union with the ability to provide a status update to a previously received Return Request. Please note that the PACS 004 would be used to return any funds related to the request.

In the Beastro system, there are multiple ways to create a CAMT 029 Return Response wire:

  • When creating a new CAMT 029 wire, the “Find Wire” function can be used to find and populate the wire.

  • When creating a new CAMT 029 wire, the wire details can be manually entered.

  • If a CAMT 056 Return Request was received, the response can be initiated using the Respond button on the CAMT 056 wire detail.  

All optional steps are marked Optional at the beginning of the step.

Section 1 - Wire Detail

  1. Click Create New Domestic

  2. Select Member Contact For Verification

    1. Individual who will most likely verify wire or who may answer questions regarding the wire

    2. This dropdown will only display the names of Users that have the permission to verify wires

  3. Select Business Function Code CAMT 029 Return Response

  4. To respond to a return request, select the Find Wire button to auto-fill the Original Transaction fields

    1. Find Wire tab defaults to Incoming

    2. Provide filtering information in the column headers to narrow results

    3. Click the radio button of the wire to investigate

    4. Click Apply Selected

  5. If manually responding to a drawdown request, complete the following fields for the Main Information and the Original Transaction

    1. IMAD

    2. Original Business Function Code

    3. Case Identification

    4. Transaction ID

    5. Beneficiary Reference

    6. Sender Reference

    7. UETR

    8. Created Date

    9. Time

    10. Original Effective Date

    11. Original Amount

  6. Click Next Step

Section 2 - Final Credit

  1. If the return wire was identified and selected in the first screen, the field will be auto-filled

  2. If manually entering information, complete the following field

    1. Receiving ABA/Instructed Agent

      1. Provide Bank Identification (routing number)

  3. Click Next Step

Section 3 - References

  1. Select Return Response

    1. CNCL - Return Request Accepted

    2. RJCR - Return Request Rejected

    3. PDCR - Return Request Pending

    4. PECR - Partially Executed Return Request

  2. Select Return Response Reason

    See ISO20022 FedWire Code Appendix 14

  3. Optional - Provide Return Response Additional Information

  4. Click Next Step

Section 4 - Review

Once all sections have been completed, the User will review all wire detail. If any errors are detected at this time, the User may update the information from this screen or go back and navigate through all screens to make the correction(s).

After wire entry has been reviewed, click Create.

A second User will need to verify the wire. Those steps may be reviewed in the Outgoing Wire Approvals article.