Initiating Return Payments

Payment returns can be initiated with pain.001 message. Currently, it is available for Faster, SEPA (Instant) Credit Transfer, Group payment, and swift if it is processed via T2. Instruction for Debtor Agent tag (index 2.85) is used to refer to the Account Servicer Reference and return reason code of the payment to be returned. Return must contain correct scheme return code found in appendix.

• If incorrect return code is used, return payment is rejected with error 'Invalid return code'.

• If payment to be returned cannot be found via Account Servicer Reference, return payment is rejected with error 'Original payment not received'. LHV does not match return payment data to the original payment.