3.3.12 Field 72 Codeword Validation

A validation is done on the Field 72 codewords. The STP preference for the codewords is referred to process the transaction/ to move the transaction to Business Override Queue.

If there is no preference maintained for a codeword, then the system checks whether the codeword is a standard codeword or not. The codewords that are published in the SWIFT Field format specification are considered as standard codewords. If the codeword is a not a standard codeword, then the transaction is moved to Business Override Queue. Otherwise, the transaction is processed further.

An option is available to skip the codeword validation for non-standard or bilateral codewords.

• For Cross-border transaction, set the parameter 'SKIP_SWIFT_F72_VALIDATION', value as "Y" to skip the Field 72 validation.
• For RTGS transaction, set the parameter 'SKIP_RTGS_F72_VALIDATION', value as the RTGS network code to skip the Field 72 validation.