MESSAGE acmt.024 Identification Verification Report
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Last updated
The acmt.024 is the response to the acmt.023 proxy resolution or account resolution request.
For further detail on each element in the acmt.023 and acmt.024, please refer to the Message Guidelines (Excel).
The acmt.024 is also split into two blocks:
Similarly to the acmt.023 message, the acmt.024 the Assignment block contains information about who is making the request and providing the response
Creator remains the same as the acmt.023, describing the Sender who made the original proxy or account resolution request
First Agent remains the same as the acmt.023, describing the Source PSP
Assigner changes to the Destination Proxy Directory Operator
Assignee changes to the Source PSP (ie is the same as First Agent)
The Report block contains the information about the Recipient:
Verification is either true (if the payment can proceed) or false (if any error means that the payment cannot proceed)
Reason will only be filled if Verification is false, and will contain an error code explaining why the verification failed (eg proxy not registered). (See Error codes below).
OriginalPartyAndAccountIdentification is an exact copy of the “PartyAndAccountIdentification” from the acmt.023
UpdatedPartyAndAccountIdentification is where the updated information (from either the Proxy Directory or the Destination PSP) is provided
For a proxy resolution request, the Destination PSP should add the following information to the UpdatedPartyAndAccountIdentification block:
… > Party > Name – this is the verified name of the account holder, in full. It can be used by the Source PSP for sanctions screening.
… > Account > Identification > IBAN or Account > Identification > Other > Identification - this identifies the specific account of the Recipient/Creditor
… > Account > Name (in Nexus this is the display name of the Recipient, which can be shown to the Sender)
… > .Agent > FinancialInstitutionIdentification > BICFI (or Agent > FinancialInstitutionIdentification > ClearingSystemMemberIdentification > MemberIdentification, for non-BIC IDs)
For an account resolution, the Destination PSP should add the following information added to the UpdatedPartyAndAccountIdentification block:
… > Party > Name
… > Party > PostalAddress
At least Country and Town Name should be provided here, to support with sanctions screening and other compliance checks and to ensure alignment with the CPMI’s ISO 20022 harmonization requirements.
(Optional) Party > Identification > PrivateIdentification > DateAndPlaceOfBirth
This is optional but can help to reduce false alerts against sanctions screening lists
Account > Name
To be used as the display name shown to the Sender, to enable confirmation of payee. This display name can be partially masked.
When an acmt.024 travels through Nexus, Nexus will update the Assignee to the Id of the Source PSP. This is the only change.
If there is an error either with proxy resolution or account resolution, an acmt.024 should be sent:
The element … > Report > Verification should be set to false
The element … > Report > Reason > Code should be set to the appropriate error code from the table below
Error codes are taken from the ISO 20022 External Code Set.
The standard acmt.024 Message Guidelines (Excel) specify that error codes must be from the ExternalVerificationReason1Code set, but there are only 3 codes in this set and they are insufficient. For that reason, we propose to also permit codes from the ExternalStatusReason1Code set, with the following limited code set:
Code Type
Code Value
Code Name
Nexus-specific meaning
Proxy / Account Resolution
ExternalVerificationReason1Code
AC01
Incorrect Account Number
Account number provided does not match any account held by the Creditor Agent
Account
ExternalStatusReason1Code
AC04
Closed Account Number
Account number specified has been closed on the Receiver’s books
Account
ExternalStatusReason1Code
AC06
Blocked Account
Account specified is blocked, prohibiting posting of transactions against it.
Account
ExternalVerificationReason1Code
AGNT
Incorrect Agent
The PSP exists but is not onboarded with Nexus, so cannot receive Nexus payments. Alternative payment rails may work. (Contrast to RC07 Invalid Creditor BIC)
Both
ExternalStatusReason1Code
AB08
Offline Creditor Agent
Creditor Agent is not able to respond to account resolution requests, either permanently (they don’t have the capability) or temporarily (they are offline or have a technical issue).
Account
ExternalStatusReason1Code
BE23
Account Proxy Invalid
Proxy is not registered (No account is associated with the proxy provided)
Proxy
ExternalStatusReason1Code
DUPL
Duplicate Request
Both
ExternalStatusReason1Code
FRAD
Fraudulent Origin
Proxy directory, IPSO or Destination PSP suspects abuse of the proxy resolution service by the Sender and is refusing additional requests from this Sender.
Both
ExternalStatusReason1Code
MD07
End Customer Deceased
Both
ExternalStatusReason1Code
RC06
Invalid Debtor BIC Identifier
BIC provided is not a valid BIC.
Both
ExternalStatusReason1Code
RC07
Invalid Creditor BIC Identifier
The FI ID is not valid or blank. Could be used for account resolution or proxy resolution where the Creditor Agent BIC is required, such as the Philippines. (In contrast to AGNT, RC07 means that the FI ID is incorrect and the PSP is not found.)
Both
ExternalStatusReason1Code
RR01
Missing Debtor Account Or Identification
The Destination Country requires further information about the Sender in order to pre-screen the Sender.
Both
ExternalStatusReason1Code
RR02
Missing Debtor Name Or Address
The Destination Country requires further information about the Sender in order to pre-screen the Sender.
Both
