Outbound payments follows the below listed processing steps:

• Settlement Instruction
  
• Non-STP Check
  
• Bank Re-direction
  
• Account Re-direction
  
• D to A Conversion
  
• Account Derivation
  
• Receiver Derivation
  
• IBAN Validation
  
• Special Character Validation
  
• Settlement Method/Account Derivation
  
• Nostro to Nostro Transfer Processing
  
• Date Derivation
  
• PSD Validation
  
• Customer Payment Restriction Validation
  
• Duplicate Check
  
• Special Instructions Validations
  
• Authorization Limit Validations
  
• Processing Cutoff Validation
  
• EU Payer Validation
  
• Sanctions Check
  
• Exchange Rate/FX Processing
  
• Pricing
  
• Charges Calculation - Charge Bearer 'DEBT'
  
• External Credit Approval Processing
  
• Network Cutoff Validation
  
• Accounting
  
• MIS & UDF
  
• Messaging
  
• Transaction Cancellation Processing
  
• Future Date Transaction Processing
  
• Cross Border to RTGS/Fedwire Rule Evaluation