Validates outbound transactions against the network’s cutoff time to ensure timely processing.

CBPRPlus

The Cutoff Time maintained in Outbound BIC Cutoff Detailed (PXDCYCOF) is used to perform network cutoff checks for cross-border payments.

If the transaction processing time is past cutoff time maintained or no cutoff maintenance is available, the transaction is moved to the Network Cutoff Queue.

TARGET2

The Cutoff Time maintained in Generic RTGS Network Preference Maintenance (PSDGRTNP) is used to perform network cutoff checks for RTGS TARGET 2 transactions.

The fields Cutoff Hours and Cutoff Minutes are referred to check the transaction processing time of pacs.008 transaction.

The fields Interbank Cutoff Hours and Interbank Cutoff Minutes are referred to check the transaction processing time of pacs.009 transaction.

If the transaction processing time is past cutoff time maintained or no cutoff maintenance is available, the transaction is moved to the Network Cutoff Queue.