Outgoing Domestic - ISO20022 PAIN 013 - Drawdown Request

  • Updated on Jul 10, 2025
  • Published on Feb 5, 2025
  • 3 minute(s) read
  • Stephanie Schmidt
  • Shannon Cate
  • Jevon Cliffgard
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PAIN 013 Drawdown Requests provide the credit union with the ability to create drawdown request wires for customers or other financial institutions.

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. If a Pre-Authorized Template will be used, select from dropdown

  4. Select Business Function Code PAIN 013

  5. Select Type Code

    See ISO20022 FedWire Code Appendix 2

  6. Select the Requested Execution Date

  7. Provide the Amount

  8. Optional - Identify the Charge Bearer - instructs the recipient of the request to identify the entity that should be impacted by the Charge

    See ISO20022 FedWire Code Appendix 3

    1. SHAR - Shared

    2. SLEV - Following Service Level

    3. CRED - Borne by Creditor

    4. DEBT - Borne by Debtor

  9. Click Next Step

For wires being entered after the cutoff, Users will see a message that states, "The Effective Date has automatically been set to the next available business day allowed to send funds since it is now past the daily cut off time."

Section 2 - Originator

  1. Receiving ABA/Instructed Agent

    1. Provide Bank Identification (routing number)

  2. Select Originator/Debtor type:

    1. Organization

      1. If provided, include Business Identification Code (BIC) - may use the BIC Search button to auto-fill information

      2. Name - complete if BIC information is not utilized

      3. Address Format may be entered in Simple or Detailed form, depending on what the wire instructions indicate - select the appropriate radio button

  3. Optional - Provide Account Information (may be useful to include for internal purposes)

    1. Account Identification

      1. May be an account number or other form of identification

    2. Account Identification Type

      1. In most cases may be BBAN - BBAN Identifier

      2. Other options:

        1. AIIN - Issuer Identification Number

        2. IBAN1 - International Bank Account Number

        3. CUID - CHIPS Universal Identifier

        4. UPIC - UPCI Identifier

        5. Account Identification Type Proprietary - enter custom type

      3. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Additional Information checkbox

        1. Account Identification Issuer (may not be displayed, depending on Account Identification Type selected) - entity that assigns the identification

        2. Currency

        3. Account Name - name of the account, as assigned by the account servicing institution, in agreement with the account owner in order to provide an additional means of identification of the account; different from the account owner name

        4. Account Type

          See ISO20022 FedWire Code Appendix 4

        5. Alternate Account Name

        6. Alternate Account Type

          See ISO20022 FedWire Code Appendix 4

  4. Optional - Provide Initiating Party information

    Used only when different from Debtor; party that initiates the payment the credit transfer on behalf of the debtor

    1. Click the blue dropdown arrow to select, and then provide information

      1. Provide Name, Address, and additional Identification, as noted by wire instructions

  5. Optional - Provide Ultimate Debtor information

    Ultimate party that owes an amount of money to the (ultimate) creditor

    1. Click the blue dropdown arrow to select, and then provide information

      1. Provide Name, Address, and additional Identification, as noted by wire instructions

  6. Click Next Step

Section 3 - Final Credit

  1. Beneficiary FI/Creditor Agent auto-fills to display the corporate

  2. Beneficiary Name auto-fills to display the credit union

  3. Optional - Provide Ultimate Creditor information

    The Ultimate Creditor is the ultimate party to which an amount of money is due

    1. Click the blue dropdown arrow to select, and then provide information

      1. Provide Name, Address, and additional Identification, as noted by wire instructions

  4. Click Next Step

Section 4 - References

  1. Optional - Provide Beneficiary Reference

    1. Optional - Select Purpose for Wire - See ISO20022 FedWire Code Appendix 11, or create custom Purpose for Wire Proprietary

  2. Click Next Step

Section 5 - Remittance Information

  1. Optional - Remittance Information

    1. Summary

      1. Information supplied to enable the matching/reconciliation of an entry with the items that the payment is intended to settle, such as commercial invoices in an accounts’ receivable system, in an unstructured form

      2. Entry summary information, up to 140 characters

  2. Click Next Step

Section 6 - 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.