Clearing & Settlement (pacs)Replaces MT 103 RETN / MT 202 RETN
pacs.004

Payment Return

CBPR+ identifier
pacs.004.001.09
Area
Clearing & Settlement (pacs)
MT equivalent
MT 103 RETN, MT 202 RETN
Exchanged
Returning agent → original instructing agent.

Overview

pacs.004 replaces the RETN conventions layered on MT 103/202. It references the original transaction (message id, UETR, amounts) and carries a coded return reason (AC01 incorrect account, AC04 closed account, AG01 transaction forbidden, etc.), enabling automated exception processing instead of manual repair queues.

Key elements

ElementNameNotes
TxInf/OrgnlUETROriginal UETR
TxInf/RtrdIntrBkSttlmAmtReturned settlement amount
TxInf/RtrRsnInf/Rsn/CdReturn reason codeAC01, AC04, AG01, CUST…