R85
Incorrectly Coded Outbound International Payment
An entry was originated with a domestic SEC code when it was in fact an outbound international payment and should have been coded IAT.
- Initiator
- Gateway Operator
- Category
- Format
- Retry
- Yes
What to do next
Re-originate the payment as an IAT entry with the full required international addenda.
IAT
Awaiting expert review
Notably absent from BMO's March 2021 bank reference, which stops at R84 — confirmed only by processor sources. Definition warrants verification. Matters for compliance: it flags that you sent an international payment as a domestic one.