Outgoing Domestic - ISO20022 PAIN 014 - Drawdown Response

PAIN 014 Drawdown Responses provide the credit union with the ability to provide a non-value response to drawdown request wires. Note that the sending of funds would be completed with a PACS 008 or PACS 009 - whichever is appropriate per the instructions received.

In the system, there are multiple ways to create a PAIN 014 Drawdown Response wire:

• When creating a new PAIN 014 wire, the “Find Wire” function can be used to find and populate the wire.

• When creating a new PAIN 014 wire, the wire details can be manually entered.

• If a PAIN 013 Drawdown Request was received, the response can be initiated using the Respond button on the PAIN 013 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 PAIN 014 Drawdown Response

4. If responding to a drawdown 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. Original Business Function Code

   2. Transaction ID

   3. Beneficiary Reference

   4. Sender Reference

   5. UETR - UETR of the original message to which the payment return message relates

   6. Created Date

   7. Time

   8. Original Amount

6. Click Next Step

Section 2 - Final Credit

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

2. If manually entering information, complete the following fields

   1. Receiving ABA/Instructed Agent

      1. Provide Bank Identification (routing number)

   2. Initiating Party

      1. Type

         1. Select Organization or Person

            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

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

            2. Person

               1. Name - complete

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

      2. Complete Address fields

         1. Name, City, and Country are required fields

3. Click Next Step

Section 3 - References

1. Select Drawdown Request Response

   1. ACTC - Accepted

   2. RJCT - Rejected

   3. PDNG - Pending

2. Select Drawdown Request Reason

   1. See ISO20022 FedWire Code Appendix 5

3. Optional - Provide Drawdown Request 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.