pacs.010.001.05 — Financial Institution Direct Debit ​

ISO nameFinancialInstitutionDirectDebitV05
Registration statusRegistered
Year2019
Version5

Overview ​

The pacs.010 message is used between financial institutions for direct debit transactions on the institution's own account. It enables one institution to collect funds directly from another institution's account.

Key data elements ​

  • GrpHdr — Group Header with message identification and settlement information
  • DrctDbtTxInf — Direct Debit Transaction Information with collection amount
  • Cdtr / CdtrAgt — Creditor institution and its agent identification
  • Dbtr / DbtrAgt — Debtor institution and its agent identification
  • IntrBkSttlmAmt — Interbank Settlement Amount in the settlement currency

Business context ​

  • Supports interbank direct debit collection between financial institutions
  • Used for fee collection, margin calls, and institutional settlement obligations
  • Requires pre-agreed bilateral arrangements between participating institutions
  • Critical for institutional cash management and interbank settlement cycles

CBPR+ and scheme context ​

  • Replaces elements of MT204 for interbank direct debit processing
  • Structured party identification follows the same requirements as other pacs messages
  • Validation of institutional identifiers (BIC, LEI) is mandatory
  • Included in full ISO 20022 adoption roadmaps across market infrastructures

Message flow ​

The creditor institution sends pacs.010 to the debtor institution to collect funds under a pre-agreed arrangement. The debtor institution validates the request and settles or rejects the direct debit.

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