Daily wire payments

the purpose of this document is to explain the daily wire payment file drop by partner report using the cross river operating system (cos) wire api, you can both originate and receive wire transfers through the fedwire system the level of information required varies depending on whether the transaction is purely domestic or international domestic wire payments require less information glossary term meaning crb cross river bank partner crb’s immediate customer, i e you the table below shows the different columns included in the report together with descriptions and explanations of the information they represent column description id indicates which type of identification information is used this will be shown as a single character as follows b swift bank identifier code (bic) c chips participant d demand deposit account (dda) number f fed routing number t swift bic or bank entity identifier (bei) and account number u chips identifier accountnumber the number of the sub account under the partner’s relevant master account coretransactionid referenceid clientbatchid clientbatchsequence fedbatchid fedbatchsequence direction the direction of this transfer the options are inbound a payment received from another bank outbound a payment being sent to another bank source status status indicates the payment status which could be created the payment has been received but hasn’t been processed yet this status will only appear briefly pending the payment is waiting to be batched and sent to the through the fedwire system hold the payment is currently being held and is being reviewed by crb’s operations team batched the payment has been batched, and crb is carrying out a final review before the payment is sent in a batch file through the fedwire system processing for inbound payments, we are attempting to post the payment to the receiving account for outbound payments, the payment has been sent to the frb, but has not been posted yet an outbound standard payment may remain in this status for a day or more completed the payment has been posted and accepted by the frb (in the case of outbound payments) this is a final status canceled indicates that an outbound payment has been canceled at the partner’s request a payment can only be canceled while either pending or on hold this is a final status rejected crb’s operations team was unable to process the payment and has rejected it for inbound payments, the payment request is returned to the originating bank this is a final status paymenttype a description of the payment type, which could be one of the following transfer a new payment originating from either crb or another bank most payments are of this type drawdown a request for a drawdown drawdownresponse indicates the payment is a response to a drawdown request servicemessage this entry represents an informational message transferred between banks and not an actual payment this is used when there’s a relationship to a previously processed wire reversal reversal of a previously sent wire payment posting purpose amount the transaction amount currency the currency the payment is being or was made in imad this is the mandatory unique number given to each fedwire payment when using the federal reserve bank service you can use this number to track your wire transfer imad indicates an inbound transfer omad indicates an outbound transfer omad receiptdate the date the payment was received receipttime the time of day the payment was received businessfunctioncode this will always be shown as ctr for a customer transfer typecode this column shows the type of transfer taking place and can show one of these codes 10 indicates a funds transfer in which the sender and/or receiver may be a bank or a third party 15 indicates a foreign funds transfer to or from a foreign central bank or government, or an international organization with an account at the federal reserve bank of new york 16 indicates a settlement transfer with another fedwire member senderroutingnumber this is the sender’s aba number sendername the name of the party sending the transfer senderreference receiverroutingnumber this is the receiver’s aba number receivername the name of the party receiving the transfer originatortobeneficiary1 this is optional free text information included by the originator to the beneficiary an example could be originatortobeneficiary2 originatortobeneficiary3 originatortobeneficiary4 originatingfiidcode "originatortobeneficiary1" "thank", "originatortobeneficiary2" "you", "originatortobeneficiary3" "paid", "orginatortobeneficiary4" "in full", this is the single character code indicating the originating institution’s type as follows b swift bank identifier code (bic) c chips participant d demand deposit account (dda) number f fed routing number t swift bic or bank entity identifier (bei) and account number u chips identifier originatingfiidentifier this shows the originating institution’s identifier as per the selected fiidcode originatingfiname the name of the originating party’s financial institution originatingfiaddress1 address details of the originating party’s financial institution originatingfiaddress2 originatingfiaddress3 originatoridcode this is the single character code to indicate the originator type the code selected determines which identifier information must be used and is shown for the originator as follows b swift bank identifier code (bic) c chips participant d demand deposit account (dda) number f fed routing number t swift bic or bank entity identifier (bei) and account number u chips identifier 1 passport number 2 tax identification number 3 driver’s license number 4 alien registration number 5 corporate identification 9 other identification originatoridentifier this is the originator’s id information determined by the code used in the previous column originatorname the name of the party originating the transfer originatoraddress1 address details of the originating party originatoraddress2 originatoraddress3 intermediaryfiidcode this is the single character code indicating the intermediary institution’s type as follows b swift bank identifier code (bic) c chips participant d demand deposit account (dda) number f fed routing number t swift bic or bank entity identifier (bei) and account number u chips identifier intermediaryfiidentifier this shows the intermediary institution’s identifier as per the selected fiidcode intermediaryfiname the name of the intermediary financial institution this will be empty if an intermediary institution is not being used for this transaction intermediaryfiaddress1 address details of the intermediary financial institution intermediaryfiaddress2 intermediaryfiaddress3 beneficiaryfiidcode this is the single character code indicating the beneficiary institution’s type as follows b swift bank identifier code (bic) c chips participant d demand deposit account (dda) number f fed routing number t swift bic or bank entity identifier (bei) and account number u chips identifier beneficiaryfiidentifier this shows the beneficiary institution’s identifier as per the selected fiidcode beneficiaryfiname the name of the beneficiary party’s financial institution beneficiaryfiaddress1 address details of the beneficiary’s financial institution beneficiaryfiaddress2 beneficiaryfiaddress3 beneficiaryidcode this is the single character code to indicate the beneficiary type the code selected determines which identifier information must be used and is shown for the beneficiary as follows b swift bank identifier code (bic) c chips participant d demand deposit account (dda) number f fed routing number t swift bic or bank entity identifier (bei) and account number u chips identifier 1 passport number 2 tax identification number 3 driver’s license number 4 alien registration number 5 corporate identification 9 other identification beneficiaryidentifier this is the beneficiary’s id information determined by the code used in the previous column beneficiaryname the name of the beneficiary party beneficiaryaddress1 address details of the beneficiary party beneficiaryaddress2 beneficiaryaddress3 beneficiaryreference releasedat the date and time the payment was released processedat the date and time the payment was processed effectivedate the actual date the transaction was posted createdat the date and time the payment was initiated canceledat the date and time the payment was canceled rejectedat the date and time the payment was rejected completedat the date and time the payment was completed postedat the date and time the payment was posted originalpaymentid productid the cos product identifier for the products included with your cos package partnerid the partner’s crb identification number lastmodifiedat insertedat