Contents

1. Preface

  • 1.1 Introduction
  • 1.2 Audience
  • 1.3 Documentation Accessibility
  • 1.4 Organization
  • 1.5 Related Documents
  • 1.6 Glossary of Icons
  • 2. Funds Transfer - An Overview

  • 2.1 Introduction
  • 2.2 Funds Transfer - An Introduction
  • 2.2.1 Media Supported
  • 3. Defining Attributes of FT Product

  • 3.1 Introduction
  • 3.2 Funds Transfer Product
  • 3.3 Preferences for Product
  • 3.3.1 Specifying Preferences for Product
  • 3.3.2 Specifying Message Related Details for Product
  • 3.3.3 Processing Back Values Payment Messages for Outgoing FT Contracts
  • 3.3.4 Specifying Payment Related Preferences
  • 3.3.5 Specifying Rate Related Details for Product
  • 3.3.6 After Rate Refresh
  • 3.3.7 Specifying Clearing Related Details for Product
  • 3.3.8 Specifying Instrument Related Details
  • 3.3.9 Specifying Contract Authorization Details for Product
  • 3.3.10 Specifying Other Preferences for Product
  • 3.3.11 Maintaining Product Event Accounting Entries for Outgoing Funds Transfer
  • 3.3.12 Processing Split Dr/Cr Liquidation for FT Contracts
  • 3.3.13 Batch Processing of FT Contracts
  • 3.3.14 Applying Currency Cut-off Checks on Transactions Involving Product
  • 3.3.15 Specifying Rate Variance
  • 3.3.16 Specifying Back Value Date Preferences for Funds Transfer Transactions
  • 4. Maintenance Required for Processing FTs

  • 4.1 Introduction
  • 4.2 Value Date Spreads
  • 4.2.1 Maintaining Value Date Spreads
  • 4.2.2 Maintaining Clearing Network Details
  • 4.3 National Clearing Codes
  • 4.3.1 Maintaining National Clearing Codes
  • 4.3.2 Maintaining Network Details
  • 4.3.3 Maintaining Clearing Codes for Individual Banks
  • 4.3.4 Uploading Clearing Codes
  • 4.3.5 Maintaining Clearing Code Exclusion List
  • 4.4 Blacklisted BIC Codes
  • 4.5 RTGS Directory
  • 4.5.1 Maintaining RTGS Directory
  • 4.5.2 RTGS Directory Upload
  • 4.6 Branch Parameters for Funds Transfer
  • 4.6.1 Maintaining Branch Parameters for Funds Transfer
  • 4.6.2 Maintaining Currency and Transaction Amount Agreements for MT102 and MT102+
  • 5. Processing Funds Transfer

  • 5.1 Introduction
  • 5.2 Entering Details of Funds Transfer
  • 5.3 Specifying FT Contract Details
  • 5.4 Description of FT Contract Details Screen
  • 5.4.1 Body of Screen
  • 5.5 Funds Transfer
  • 5.5.1 Processing Funds Transfer
  • 5.5.2 Specifying Details for Debit Leg of Transfer
  • 5.5.3 Specifying Details for Credit Leg of Transfer
  • 5.5.4 Specifying Party Details
  • 5.5.5 Capturing Additional Details
  • 5.5.6 Note on Rate Pickup and Message Generation
  • 5.5.7 Limit Amounts for Cross Currency Transactions for Default of Exchange Rates
  • 5.5.8 How Limits are applied when Transaction is Entered
  • 5.5.9 Exchange Rate for Cross Currency Transactions
  • 5.5.10 Internal Remarks
  • 5.5.11 Capturing Payment Details
  • 5.5.12 Specifying Upload Details
  • 5.6 Viewing Settlement Route of Transfer
  • 5.6.1 FT Fields and Information Flow
  • 5.7 Viewing Details of Transfer Events
  • 5.7.1 Viewing Accounting Entries that are Passed
  • 5.8 Specifying Advices for Transfer
  • 5.9 Selecting User Defined Fields
  • 5.10 Generating Charge Claim Advice
  • 5.11 Specifying Customer Cover Details
  • 5.12 Viewing OFAC Check Response
  • 5.13 Capturing MIS Details
  • 5.14 Viewing Change Log
  • 5.15 Specifying Settlement Details
  • 5.16 Viewing All Messages
  • 5.17 Specifying Project Details
  • 5.18 Viewing Duplication details
  • 5.19 Generation of MT 210 for Funds Transfer Contract
  • 5.20 Generation of MT900 and 910
  • 5.21 Checks for Generation of MT103+ Messages
  • 5.22 Currency Cut-off Checks for Funds Transfer Transaction
  • 5.22.1 Exceptions for Currency Cut-off Checks
  • 5.23 Funds Transfers with Blacklisted BIC Codes
  • 5.23.1 Funds Transfer Transactions with Blacklisted BIC Codes
  • 5.23.2 Authorizing Funds Transfer Transaction with Blacklisted BIC Codes
  • 5.23.3 Processing Uploaded Payment Transactions with Blacklisted BIC Codes
  • 5.24 Operations that you can perform on contracts
  • 5.25 View Different Versions of Contract
  • 5.25.1 Verifying and Authorizing Funds Transfer Transaction
  • 5.25.2 Viewing Transaction to be Authorized
  • 5.25.3 Specifying Details in Rekey Fields
  • 5.25.4 Verifying Transaction
  • 5.25.5 Rejecting Transaction
  • 5.25.6 Amending Transaction that has ‘failed verification’
  • 5.25.7 Deleting Transaction that has ‘failed verification’
  • 5.25.8 Authorizing Verified Transaction
  • 5.26 Multi-level Authorization of a Contract
  • 5.27 Transaction Queues (Transaction Status) Management
  • 5.28 Summary Dash Board for Funds Transfer Transactions
  • 5.29 Examples on how to Enter Details of FT Contracts
  • 5.29.1 Outgoing Customer Transfer
  • 5.29.2 Outgoing Bank Transfer for Own Account
  • 5.30 Authorize Bulk FT Contracts
  • 5.30.1 Authorizing Bulk FT Contracts
  • 5.30.2 Indicating Ignore Overrides
  • 5.30.3 Indicating Generate Messages
  • 5.30.4 Authorizing Contracts
  • 5.30.5 Viewing Errors
  • 5.30.6 Viewing Settlement Details
  • 5.30.7 Viewing Contract Details
  • 5.31 Maintaining MT101 Agreements with Ordering Customer
  • 5.32 MT101 Transaction Input Screen
  • 5.32.1 Viewing FT Contract
  • 6. Automatic Processes

  • 6.1 Introduction
  • 6.2 Autobook Function
  • 6.3 Update Rate
  • 6.3.1 Rate Update Function
  • 6.3.2 Invoking Rate Update Function
  • 6.3.3 Processing Contract with Rate Update
  • 6.4 Referral Queue
  • 6.4.1 Referral Queue Function
  • 6.4.2 Invoking Referral Queue Function
  • 6.4.3 Processing Contract with Referral Queue Function
  • 6.5 Notifying Reversal of Payment
  • 6.6 Notifications for Split Events
  • 7. Batch Upload Function

  • 7.1 Introduction
  • 7.2 Upload Sources
  • 7.2.1 Maintaining Upload Sources
  • 7.2.2 Deleting Uploaded Contract
  • 7.3 Amending Uploaded Contract
  • 7.4 Reversing Uploaded Contract
  • 7.5 Automatic Upload of MT 103 and MT 202 S.W.I.F.T Messages
  • 7.6 Contracts through STP Function
  • 7.6.1 Uploading Contracts through STP Function
  • 7.6.2 FT Upload Tables (Gateway Tables)
  • 7.6.3 Structure of FT Upload (Gateway) Tables
  • 7.7 Uploading Contracts through Upload Master Screen
  • 7.8 Upload of Incoming SWIFT Payment Messages
  • 7.9 Single Debit Multiple Credit (SDMC) for Bulk Payments
  • 7.9.1 Processing Single Debit Multiple Credit (SDMC) for Bulk Payments
  • 7.9.2 Upload Process
  • 7.9.3 Liquidation Process
  • 7.9.4 Reversing a Liquidated Contract
  • 8. Straight through Processing - An Overview

  • 8.1 Introduction
  • 9. Maintenance for Straight through Processing

  • 9.1 Introduction
  • 9.1.1 Maintaining Funds Transfer Products
  • 9.1.2 Maintaining Settlement Instructions
  • 9.1.3 BIC Directory
  • 9.1.4 Messaging Maintenance
  • 9.1.5 Mapping Message Types to Products and Queues
  • 9.1.6 D to A Converter Records Maintenance
  • 9.1.7 STP Rule Maintenance
  • 9.1.8 Specifying Branch Details
  • 9.1.9 Indicating ‘Pending Cover Match’
  • 9.1.10 Selecting ‘Suppress Message’ Option
  • 9.1.11 Maintenance Related to Upload Source
  • 9.1.12 Maintaining Branch-Level STP Preferences
  • 9.1.13 External Account Maintenance
  • 9.1.14 Overrides Maintenance
  • 10. Straight through Processing – Sequence of Events

  • 10.1 Introduction
  • 10.2 Incoming Message Browser
  • 10.3 Message Upload Function
  • 10.3.1 Automatic Execution of Message Upload Function
  • 10.4 Interpreting Contents of Incoming Message
  • 10.4.1 D to A Conversion
  • 10.4.2 Derivation of Debit and Credit Accounts
  • 10.4.3 Processing ISO 11649 in Field 70
  • 10.4.4 Processing of Field 72
  • 10.4.5 Processing of ‘BNF’ in Field 72
  • 10.4.6 Derivation of FT Product
  • 10.4.7 Build-up of FT Upload Transaction Record
  • 10.5 Validations Performed on Incoming SWIFT Message
  • 10.5.1 Validations for Back Value Days
  • 10.5.2 Validation of Local Clearing Codes
  • 10.5.3 Available Balance Check
  • 10.5.4 Currency Cut-off Checks
  • 10.5.5 Processing Uploaded Future Valued Payment Message Transaction
  • 10.5.6 Exchange Rates Default for Cross-Currency STP Transactions
  • 10.5.7 Checking for Blocked BIC Codes
  • 10.5.8 Validating Transfer Currency and Account Currency
  • 10.5.9 Validating Credit Card Payments
  • 10.6 Cover Matching
  • 10.6.1 Detection of Messages for ‘Pending Cover’ Status
  • 10.6.2 Matching Payment Message with its Cover
  • 10.7 Payment Cover (MT 202) Generation Rules
  • 10.7.1 Incoming MT 202
  • 10.8 FT Upload Process
  • 10.9 Operations on Incoming Message
  • 10.9.1 Handling Exceptions in STP Process (Repair of Messages)
  • 10.9.2 Suppression of Incoming SWIFT Payment Messages
  • 10.9.3 Verifying and Authorizing an Incoming SWIFT Payment Message
  • 10.10 Payment Transaction Status Management
  • 10.11 Payments Summary Dash Board
  • 10.12 Examples of STP
  • 10.12.1 Maintenance (assumed for illustration purposes)
  • 10.12.2 FT Products
  • 10.12.3 BIC codes
  • 10.12.4 Settlement Instructions
  • 10.12.5 Other maintenance
  • 10.12.6 Incoming Message
  • 10.12.7 Interpretation of Message
  • 10.13 Example 2: Incoming Transfer
  • 10.14 Example 3: Outgoing Customer Transfer
  • 10.15 Example 4: Outgoing Customer Transfer with Cover
  • 10.16 Example 5: Outgoing Bank Transfer
  • 10.17 Viewing Funds Transfer Multi Customer Summary
  • 11. Processing of Non SWIFT Incoming Payment Messages

  • 11.1 Introduction
  • 11.2 Common Payment Gateway Message Parameters
  • 11.2.1 Maintaining Common Payment Gateway Message Parameters
  • 11.2.2 Maintaining Common Payment Gateway Messages
  • 11.2.3 Viewing Payment Gateway Browser
  • 11.2.4 Viewing ‘Main’ Tab Details
  • 11.2.5 Viewing Settlement Details
  • 11.2.6 Viewing ‘Additional’ Tab Details
  • 11.2.7 Viewing ‘Other Details’ Tab
  • 11.2.8 Maintaining ‘Other Details1’ Tab
  • 11.2.9 Viewing Incoming File Details
  • 12. Annexure A - Accounting Entries and Advices for FTs

  • 12.1 Introduction
  • 12.2 Accounting Entries for FTs
  • 12.3 FT Events
  • 12.4 Advice Tags
  • 12.4.1 CHARGE_CLAIM
  • 12.4.2 DEBIT_ADVICE
  • 12.4.3 PAYMENT_MESSAGE
  • 12.4.4 RECEIVE_NOTICE
  • 12.4.5 STOP_PMNT
  • 12.4.6 CREDIT_ADVICE
  • 12.5 Amount Tags
  • 12.6 Accounting Roles
  • 12.7 Advices for FT
  • 12.7.1 FT Messages
  • 12.7.2 Other Messages
  • 13. Annexure B - Derivation of Debit and Credit Accounts for STP

  • 13.1 Introduction
  • 13.1.1 Derivation of Debit Account (MT 100/103)
  • 13.1.2 Derivation of Credit Account (MT 100/103)
  • 13.1.3 Derivation of Debit Account (MT 200)
  • 13.1.4 Derivation of Credit Account (MT 200)
  • 13.1.5 Derivation of Debit Account (MT 202)
  • 13.1.6 Derivation of Credit Account (MT 202)
  • 13.1.7 Checks for Derived Account
  • 14. Glossary

  • 14.1 List of Important Terms
  • 15. Reports

  • 15.1 Introduction
  • 15.2 FT Daily Activity Journal
  • 15.2.1 Contents of the Report
  • 15.3 FT Contract Report
  • 15.3.1 Selection Options
  • 15.3.2 Contents of the Report
  • 15.4 Remittance Received Report
  • 15.4.1 Contents of the Report
  • 16. Function ID Glossary