1. SEPA Direct Debits User Guide
  2. Collections Transactions
  3. Inbound Collections View
  4. Settlement Date Processing Changes for Inward Collections

Settlement Date Processing Changes for Inward Collections

Electronic collections can be received prior to actual settlement date. The system does the processing till Sanction check and then move the transactions to a future valued table.

The following additional processing are done in the settlement date processing of Inward collections:
  • Initial validations
  • Customer/Account Validations
  • Mandate Validations
  • Debtor Instruction Validations
  • Sanction Screening

The inward collection is returned with appropriate return code if any of the validations fail.

Notifications are supported as part of an Incoming DD transactions in common format on completion of the transaction processing.

Parent topic: Inbound Collections View