5.14.1 Forward Processing for Investor Tax Refund Payments

The payments generated or handed off to the investors as tax refunds can be sent for Sanction Check avoiding maker/checker process. You can view the payments and their sanction screening ACK code.

If the option, Forward Processing Required in Loans Parameter screen is selected, the system populates the payments details to the forward processing browser, and the full message is sent to Sanction Check system immediately.

If the status from sanction check system is -1 (Complete) and the INIT/Liquidation mode is selected as Auto, the tax refund payment from Forward Processing browser is released. And if the INIT/Liquidation mode selected at the contract level is Semi-Auto, then you have to manually confirm the release of payment message.

Note:

Sanction check functionality is applicable only for the new payment messages.