1.4.9 Amount Settlement

This topic describe about amount settlement.

Settlement happens either online or in a batch process configured to run as part of the Mini EOD or EOD process.

The settlement happens as described in the following table.

Table 1-10 Amount Settlement

S.No	System	Process
1	FCIS	Triggers a web service call to release the amount block
2	FCIS	Sends the settlement entries to FCUBS system as a flat file as part of settlement batch.
3	FCUBS	Processes accounting entries flat file, posts the accounting entries in FCUBS to debit the customer account, and credit the respective GL account (applicable to the settlement of IN transactions only).
4	FCUBS	Releases the amount block on passing the accounting entries.
5	FCUBS	Sends response to FCIS system as a flat file.
6	FCIS	If settlement process is successful, triggers payment clearing process.
7	FCIS	If the settlement process is failed, it triggers a payment rejection process based on the error codes.
8	FCIS	Marks the status of the transaction as Settled.

Note:

• Payment rejection cases where FCIS has not automatically triggered reversals must be reversed manually.
• Settlement related entries for redemption are triggered on confirmation.

For settlement-related accounting entries, the debit/credit leg will be generated in the transaction currency, and other leg will be in fund base currency.

Data Exchange

Table 1-11 Data Exchange

Source System	Target System	Operation	Action	Communication Channel	Webservice/ Notification Name	Synchronous/ Asynchronous
FCIS	FCUBS	Transaction authorisation - Online Settlement	Authorization	Webservice call from insulation layer	FCUBSIFService	CreateExtAccEntries ReverseExtAccEntries Synchronous
FCIS	FCUBS	Online clearing -Online Settlement	Authorization	Webservice call from insulation layer	FCUBSIFService	CreateExtAccEntries ReverseExtAccEntries Synchronous
FCIS	FCUBS	Post allocation- settlement and GL extract	Intra day batch	Flat file	NA	Asynchronous
FCIS	FCUBS	Post allocation- settlement and GL extract	EOD batch	Flat file	NA	Asynchronous
FCIS	FCUBS	Online settlement failure reconciliation	Reconciliation	Flat file	NA	Asynchronous