Introducing a new value 'T2' for 'Clearing network'
4 months ago by Uma Deshpande
It will soon be possible to select T2 as a clearing network for processing your single, bulk or correspondent payments. We are already supporting 'SEPAINST' and 'SEPA' as an upfront rail selection for EUR. 'T2' is an additional network rail to the allowed values of 'clearingNetwork' property. If the beneficiary's account is not enabled for Target2, the payment will get rejected and you have will have to re-instruct the payment using another value for clearing network.
Note: This is currently not applicable for the payments initiated via pain001.
Get single's endpoint response and reconciliation report will show the related value as 'Target' in 'paymentRail' property as it is being shown currently.