1.5 Enhancements to the Existing Modules

ISO MX MESSAGE - CAMT054

OBCL supports ISO 20022 Bank to Customer Debit/Credit Notification message generation (camt.054) processing for Debit and Credit transactions. The camt.054 MX format ( BankToCustomerDebitCreditNotification) message is sent by the account servicer to an account owner, or a party authorized by the account owner to receive the message. It is used to inform the account owner, or authorized party, of single or multiple debits and/or credit entries reported to the account. This new ISO 20022 message replaces both MT900 confirmation of debit and the MT910 confirmation of credit messages.

• Debit Notification Changes are done to support equivalent of SWIFT MT 900(Confirmation of Debit), now as per ISO20022 the MX standard for debit Notification. This will be generated as camt.054 when the Media value is maintained as “FINPLUS” at OLDCUSAD - Customer Address Maintenance screen.
• Credit Notification Changes are done to support equivalent of SWIFT MT 910(Confirmation of Credit), now as per ISO20022 the MX standard for the credit Notification. This will be generated as camt.054 when the Media value is “FINPLUS” at OLDCUSAD- Customer Address Maintenance screen.