FedNow Validation Prior to Send PDF

TABLE 66. VALIDATIONS FOR CUSTOMER CREDIT TRANSFER MESSAGES – FEDNOW Valid message signature Valid message size XML syntax Authorized sender Confirm unique message ID FedNow Service ISO 20022 schema rules followed Sending and Receiving FIs are FedNow partic...

TABLE 66. VALIDATIONS FOR CUSTOMER CREDIT TRANSFER MESSAGES – FEDNOW Valid message signature Valid message size XML syntax Authorized sender Confirm unique message ID FedNow Service ISO 20022 schema rules followed Sending and Receiving FIs are FedNow participants, are active and signed on, and have profiles to send/receive payments, or receive only. Sender must have a profile for sending and receiving payments Payment timeout clock has not been exceeded Message is not future dated Message is within Receiver FI reserved response time Message is within FedNow Service network transaction limit or Sender FI transaction limit, if configured to be less than the FedNow Service limit Sender and Receiver FIs have valid settlement relationships Optional: Negative list check, if enabled TABLE 67. VALIDATIONS FOR RETURN REQUEST MESSAGES – FEDNOW Valid message signature Valid message size XML syntax Authorized sender Confirm unique message ID FedNow Service ISO 20022 schema rules followed 144  TABLE 68. VALIDATIONS FOR LIQUIDITY MANAGEMENT TRANSFER MESSAGES – FEDNOW Valid message signature Valid message size XML syntax Authorized sender Confirm unique message ID FedNow Service ISO 20022 schema rules followed Sending and Receiving FIs are FedNow participants Message is not future dated Within the FedNow Service transaction limit for LMT or the Sender FI transaction limit for LMT if configured for less than the FedNow Service limit Receiver FI is active and profile is set to send and receive or receive liquidity management transfers Sender FI is active and profile is set to Send and Receive Liquidity Management Transfers LMT is sent within the valid LMT window TABLE 69. VALIDATIONS FOR REQUEST FOR PAYMENT MESSAGES – FEDNOW Valid message signature Valid message size XML syntax Authorized sender Confirm unique message ID FedNow Service ISO 20022 schema rules followed TABLE 70. VALIDATIONS FOR REQUEST FOR PAYMENT CANCELLATION REQUEST MESSAGES – FEDNOW Valid message signature Valid message size XML syntax Authorized sender Confirm unique message ID FedNow Service ISO 20022 schema rules followed THE 2025 AFPP HANDBOOK 145  TABLE 71. VALIDATIONS FOR INFORMATION REQUEST MESSAGES – FEDNOW Valid message signature Valid message size XML syntax Authorized sender Confirm unique message ID FedNow Service ISO 20022 schema rules followed 146