26. When choosing the messaging or payment and settlement system(s), CASPs and ICASPs should take …

When choosing the messaging or payment and settlement system(s), CASPs and ICASPs should take proportionate, risk-sensitive measures to assess:

a) the system ’ s ability to communicate with other internal core systems and with the messaging or payment and settlement systems of the counterparty of a transfer, and its compatibility with other blockchain networks;
b) the reachability of the protocol (i.e. the diversity and accuracy of counterparties that can be reached using the protocol – subject to the CASP's own due diligence assess-ment – and the rate of transfers that would successfully be sent to the intended ben-eficiary or received from the originator);
c) how the system enables the CASP or ICASP to detect a transfer with missing or incom-plete information;
d) data integration capabilities, data security and data reliability of the system.

4.3.2. Multi-intermediation and cross-border transfers

Transfer of funds

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement

EBA -
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