Auto-generated Inbound Payments Processing
- On processing originated ACH credit transfers, it is possible that the credit account belongs to the same bank.
- On Us transfer validation is done for the originated ACH Credit transfers before
dispatch as below :
- (Creditor agent BIC is a valid BIC for the Host OR Creditor Agent Member ID
is a valid branch identifier for the Network and
Host)
AND Creditor account is a valid account in External Account maintenance
- (Creditor agent BIC is a valid BIC for the Host OR Creditor Agent Member ID
is a valid branch identifier for the Network and
Host)
- The system marks the Originated Credit Transfer as 'On Us' and auto generate the
inbound transaction, if in ACH Dispatch preferences (Function ID PMDACHDS) the value
for field 'Dispatch On Us Transfer' is maintained as 'No'.
Note:
It is assumed that Incoming & Outgoing internal transactions use the same Network Clearing GL for accounting.
- The processing of auto-generated inbound transaction follows every processing step similar to a normal ACH Credit Receipts.
- Customer FX preference check and FX rate fetch is applicable for auto-generated Receipt transactions.
Parent topic: Upload of pacs.008 files