9 Process of Local Clearing messages

Account servicer sends the Bank-to-Customer Credit Local Clearing message to the account owner or an authorized representative.It notifies the recipient of credit entries recorded in the account and can be used to report various types of outward payment transactions.

This topic contains the following sub-topics:

• Generation of Local Clearing Messages
  This topic describes the generation of Local clearing NEFT and RTGS messages supported in Oracle Banking Corporate Lending for customer credit transfer, which is N06, pacs.008 and pacs.009 credit messages.
• Local Clearing Message Notification from OBPM to OBCL
  This topic describes the Local clearing message generates OBPM and send notification to OBCL.