BIC Cutoff
Usage of this screen
You can validate the FX cutoff days/time for the currency pair involved in the transaction using this screen.
This screen is applicable for Cross Border/ RTGS/ ACH payment types which cross currency transactions are allowed.
You can capture Currency cutoff days and time for each currency in this screen, and additionally a BIC of sender/receiver bank.
For a currency specific or All BICs, Cut-off time is maintained.
Maintenance done for The BIC code ‘ALL’ is considered for all payment types except for cross-border, for which the maintenance done for specific receiver BIC will be checked for the credit currency, if available.