Introduction to Clearing Non Value Messages

There are clearing (eg., Fedwire) does supports non value messages like Account Reporting Request, Retrieval Request and has its own purpose.

• Account Reporting Request: Participants requests clearing service to send them accounting reports during intra day or end of day. For example in Fedwire, during intra day, banks decided to check its account balance of self / master or to check the details of the sent or received messages for that day for reconciliation purpose.

• Retrieval Request: Clearing participants requesting clearing to retrieve a certain message(s) and send them a copy of retrieved message for reconciliation purpose. One of the example where bank will be using Retrieval Request (admi.006 in Fedwire) is that, certain clearings like Fedwire Funds Service will be sending Fedwire Report (camt.052) - Endpoint Gap Report with the list of sent or received message reference that are missing for a particular date and if participants wants to investigate or reconcile the messages they can send Retrieval Request (admi.006) message to Fedwire Funds Service.

At the clearing layer, a new module (PPCLNV – Clearing Non Value) will be used support any non value messages which are not supported in the framework for a specific country.

• Created two new application to support these two new functionalities for the clearings under US country and it can be enhanced to other regions in future whenever similar requirements arises.

Application	Purpose / Functionality
PPCLNV.ACCT.REPORT REQ	Allows the bank to initiate and send accounting report request to clearing. Note: Message type can be defined based on clearing requirement. For eg., in Fedwire, a camt.060 (Accounting Report Request) xml message will be generated and sent to clearing upon initiating a new request from this application.
PPCLNV.MSG.RETRIEVAL.REQ	Allows the bank to initiate and send a message retrieval request to clearing. Note: Message type can be defined based on clearing requirement. For eg., in Fedwire, a admi.006 (Message Retrieval Request) xml message will be generated and sent to clearing upon initiating a new request from this application.

Account Reporting Request

Account Report Request feature offers the following,

• Ability to store the initiated request
• Enquiry to view the initiated requests and its status

List of Available Fields

Following fields are available in the newly created application (PPCLNV.ACCT.REPORT REQ) and below table gives more information about the nature of these fields as well as its brief description.

Label Name	Description	Field Type	Optional / Mandatory
ID	Unique identification of the accounting report request record	Generated by system
Clearing	Specifies the name of the clearing	User Input	Optional
File Type	XML message type of the Accounting Report Request sent	Defaulted based on clearing
Message ID	Unique reference of the accounting report request assigned by the sender of the message	Generated by TPH as per clearing requirement
Report Identification	Unique identification, as assigned by the account owner, to unambiguously identify the account reporting request	User Input	Optional
Req Resp Msg Nameid	Specifies the type of the requested reporting message.	Dropdown	Mandatory
Account Iban	International Bank Account Number (IBAN) - identifier used internationally by financial institutions to uniquely identify the account of a customer	User Input	Optional
Account Other Identification	Unique identification of an account, as assigned by the institution, using an identification scheme.	User Input	Optional
Account Type Code	Specifies the type of an account in a coded form	Dropdown
Account Type Prop	Nature or use of the account in a proprietary form	User Input	Optional
BICFI	Business identifier code (BIC) – Code allocated to a financial institution by the ISO 9362 Registration Authority	User Input	Optional
Account Owner Member id	Identification of a member of a clearing system	User Input	Mandatory
Account Owner Otherid	Unique identification of an agent, as assigned by an institution, using an identification scheme	User Input	Optional
Report Sequence From	Start sequence of the particular range	User Input	Optional
Report Sequence To	End sequence of the particular range	User Input	Optional
Resp Message Id	Response Message Identification is the reference of the return response assigned by the sender of the message	No Input
Resp Message Type	Specifies the type of the response message received for reporting message.	Defaulted based on clearing
Status	Indicates the status of the record	Updated based on the transition of report request flow
Reporting Period From	Specifies the requested reporting period start date	User Input	Optional
Reporting Period To	Specifies the requested reporting period end date	User Input	Optional
Reporting Period Type	Specifies whether all matching items need to be reported or only those items that are new or have changed since the last similar request was made.	Dropdown	Optional
Context Name	Field provisioned for defining any field name within this application to be used for processing along with value defined in ContextValue	User Input	Optional
Context Value	The value for the field defined in ContextName	User Input	Optional

Viewing Accounting Report Request

Bank user can view the created accounting report request record in the following enquiry with any of the following status.

• REQUEST SENT – When the retrieval request is sent to clearing
• SUCCESSFUL – When the response (the requested report) is received from the clearing for the previously sent report request.
• CLEARING REJECTED – When NACK (Negative Acknowledgement) from the clearing for the previously sent report request.

along with the below listed fields,

• ID – Specifies the unique identification of the accounting report request record.
• File Type – Specifies the XML message type of the Accounting Report Request sent
• Report Identification – Specifies the unique identification, as assigned by the account owner, to unambiguously identify the account reporting request
• Requested Date – Specifies the date when the accounting report request is initiated.
• Status – Specifies the current status of the accounting report request record.

Enquiry Navigation: User menu > Payments > Payment Hub > Payment Inquiries > Reports > Accounting Report Request >Account Report Request – US > View Accounting Report Request

Acknowledgement Messages

When a participant sends an outward account reporting request message to the clearing, bank can receive either of the following message from clearing as a response to the sent message

• Requested account report – For eg., Fedwire supports Fedwire reports message in the format camt.052
• Message reject – Negative response

On receipt of a requested report, system matches with the report request sent earlier based on the original business query tag element received in the report and

• If matches then the corresponding report request status is updated as SUCCESSFUL.
• If unmatched, then the received report is still be processed in the system as unsolicited report and the report request remains in REQUESTSENT status.

Certain clearings sends negative response for the received account reporting request message due to validation failure, upon receipt of negative response from clearing for the previously sent account reporting request, the status of the accounting report request is updated as CLEARING REJECTED.

Message Retrieval Request

Message retrieval request is the functionality allows the clearing participants to request to retrieve any previously sent or received messages.

For example, Fedwire allows its participants to request to retrieve the following message types.

• pacs.008 – Customer Credit Transfer
• pacs.009 – Financial Institution Credit Transfer
• pacs.004 – Payment Return
• camt.056 – Return Request
• camt.029 – Return Request Response
• camt.110 – Investigation Request
• camt.111 – Investigation Request Response

List of available fields:

Following fields are available in the newly created application (PPCLNV.MSG.RETRIEVAL.REQ) and below table gives more information about the nature of these fields as well as its brief description.

Field	Description	Field Type	Optional / Mandatory	Is Multi-valued
ID	Unique identification of the message retrieval request record
Clearing	Specifies the type of clearing from where the message has been received or to where the message has to be sent to	User Input	0	N
File Type	XML message type of the Retrieval Request sent	Fixed		N
Message Identification	Unique reference assigned by the sending institution	Fixed		N
Creation Date Time	The Date and time when the retrieval request was initiated by the bank	No Input	0	N
Request Type	Request type identification of the retrieval request assigned by the sending institution	User Input	0	N
Business Date	Date of the business day of the requested messages the resend function is used for	Dropdown	0	N
Orgnl Msg Name Identification		Dropdown	0	N
Original File Reference	String of characters that uniquely identifies the file, which was delivered by the sender	User Input	0	N
Recipient Identification	Unique and unambiguous identifier, as assigned to a financial institution using a proprietary identification scheme eg., GTFS2314	No Input	0	N
Status	Specifies the current status of the retrieval request. The Status movement is as follows. While the user is initiation screen, the status of the request should be as "NEW" When the request is completed the status should be updated as "REQUESTSENT" When the clearing sends NACK against the sent request, the status should be updated as "CLEARINGREJECTED" When the TPH receives the copy of retrieved message, the status is updated as "SUCCESSFUL"	Fixed		N
Context Name	Text field to hold field value of TPS used during submission or next simulation. Paired field with CONTEXT.NAME	User Input	0	Y
Context Value	Text field to hold field value of TPS used during submission or next simulation. Paired field with CONTEXT.VALUE	User Input	0	Y

View Message Retrieval Request:

Bank can view the sent message retrieval request and its status transition in an enquiry “View Message Retrieval Request”.

Navigation: User Menu > Payments > Payment Hub > Investigations & Cancellations > Retrieval Request > US > View Message Retrieval Request.

Acknowledgement Messages

When a participant sends an outward account reporting request message to the clearing, bank can receive either of the following message from clearing as a response to the sent message.

• Copy duplicate of retrieved message – Positive response
• Message reject – Negative response

Whenever a positive response is received from the clearing (the copy duplicate of retrieved message), the message retrieval request status is updated as SUCCESSFULL.

Certain clearings sends negative response for the received retrieval request message due to validation failure, upon receipt of negative response from clearing for the previously sent retrieval request, the status is updated as CLEARING REJECTED.