On saving the transaction from UI initial validations are executed

• Referential Checks
• Network limits, Network allowed currencies
• Instrument Date Checks (stale period/future date)
• Account Validity Check
• Holiday Checks
• Error message is displayed, in case of invalid details

When the transaction is received through channels, it goes as auto authorized. On authorization of an Outgoing Clearing transaction, the following steps clearing process flow:

• Initial validations
  • Account/Bank re-direction
  • Referential Checks
  • Network Limits, Network allowed currencies
  • Instrument Date Checks (stale period/future date)
  • Account Validity Check
  • Holiday Checks
• Duplicate Check
• Sanction Check
• Charge Computation
• Exchange Rate Processing
• EAC & Accounting – On clearing date