1.5.2.1 Processing of Outgoing SWIFT Messages

Steps involved in processing of outgoing SWIFT messages:

• On save of the contract, the system checks if SWIFT messages are generated and Inter System Bridge GL (ISB GL) maintenance is available.
• Instead of posting accounting entries to settlement account, the system posts accounting entries to ISB GL.
• On authorization, the system populates SWIFT related details to staging table. Job runs on the table and pick these records. These details are sent to Payments module.
• Once the request is received, Payments module sends the response with confirmation.
• Payments module sends communication to OBCL for each of these actions.
• Using same service, Payments module sends SWIFT messages ACK/NACK accordingly. Once SWIFT message is received, OBCL populates the daily out message table.
• After OBPM hand off, the accounting entries are shown in Accounting Entries sub screen of Contract and Commitment - Contract Input screen (OLDTRONL) . The Accounting System field shows either Loans or Payments. The accounting entry passed after OBPM hand off is - debit inter bridge GL account and credit customer settlement account.
• You can view these messages in Payment Outgoing Browser screen.