Refers to the end-to-end handling of payment instructions where funds are sent out of the bank (debiting the bank’s customer account and crediting an external beneficiary’s account).

Outbound transaction follows the below listed processing steps:

• Non STP Validation
  Validates outbound credit transactions that cannot be processed straight-through and require manual intervention.
• Settlement Preference Derivation
  Determines settlement instructions based on predefined preferences during credit outbound processing.
• Date Derivation
  Determines applicable transaction and settlement dates during credit outbound processing.
• Process Exception Check
  Validates outbound credit transactions for exceptions and flags errors for resolution.
• Business Override Validations
  Enables users to override specific business validation failures during credit outbound processing.
• Authorization Limits Check
  Verifies transaction amounts against defined authorization limits during credit outbound processing.
• Processing Cut-off Checks
  Ensures outbound credit transactions are validated against processing cut-off times.
• Sanctions Check
  Validates outbound credit transactions against sanctions lists to ensure compliance.
• Future Date Checks
  Validates outbound credit transactions to ensure dates are not set beyond allowable future limits.
• FX Validation
  Validates foreign exchange details for outbound credit transactions to ensure correct currency conversion and compliance.
• Pricing
  Calculates applicable fees and charges for outbound credit transactions based on pricing rules.
• External Credit Approval Check
  Validates outbound credit transactions against external approval requirements before processing.
• Network Cut-Off Check
  Validates outbound credit transactions against network-specific cut-off times before processing.
• Accounting
  Posts outbound credit transactions to the general ledger and updates accounting records.
• Dispatch Processing
  Prepares and sends outbound credit transactions to the respective network or destination.
• On-us Transfer Processing
  On-us Transfer Processing refers to the workflow for processing payment transactions where both the source (payer) and the destination (payee) accounts are maintained within the same bank or financial institution.
• Zero Dollar Entry Processing
  Handles outbound credit transactions with zero-dollar amounts, ensuring proper processing and compliance.
• Pre Notification Entry Processing