FX Processing

FX processing is applicable in cases where the transfer currency and credit account currency are different. The Exchange Rate preferences and Small FX limit maintained in ACH Credit Receipts Preferences PYDINPRF is considered while fetching the Exchange Rate.

Payment contract is moved to Exchange Rate Exception queue in the following cases with proper error code details:

Exchange Rate derivation based on core system maintenance fails.
Small FX limit is breached and no external exchange rate is applicable.
Response from Exchange Rate system is not having exchange rate.

Note:

FX rate override and error limit check is done if the exchange rate is manually input from Exchange Rate Queue.

If a new Value Date is returned by the External FX system, the existing value date is replaced with the new Value Date received.

ECA Check

Upfront amount block request for the total transfer amount is sent to the ECA system.
Customer/Account status check is done by the ECA system as part of ECA call.

Sending the transaction records to ACH Credit Processor

The individual transaction records of the batch is sent for processing to ACH Credit processor.
The processing till pricing is completed for the individual transactions in a current dated Batch.

Parent topic: ACH Credit Transfer Bulk File Upload