1. US Fedwire User Guide
  2. Fedwire Maintenances
  3. Fedwire Network
  4. Fedwire Network Preferences Detailed

Fedwire Network Preferences Detailed

You can capture Network Preferences for Fedwire Network in this maintenance screen.

  1. On Homepage, specify PWDNWPRF in the text box, and click next arrow.
    Fedwire Network Preferences Detailed screen is displayed.

    Figure 2-1 Fedwire Network Preferences Detailed

    Description of Figure 2-1 follows
    Description of "Figure 2-1 Fedwire Network Preferences Detailed"
  2. On Fedwire Network Preferences Detailed screen, specify the fields.
    For more information about the fields, refer to field description below:

    Table 2-1 Fedwire Network Preferences Detailed - Field Description

    Field Description
    Network Code Specify the Network Code from the list of values.
    Network Description System defaults the description of the Network Code displayed.
    Network Type Description System defaults the description of the Network Code displayed.
    Host Code System displays the Host Code of selected branch of the logged in user on clicking ‘New’ button.
    Transaction Type Specify Transaction Type from the following:
    • Outgoing
    • Incoming
    Exchange Rate Preference --
    FX Rate Type Specify the FX Rate Type from the list of values.
    External Exchange Rate Applicable Check this box to indicate that fetching External Exchange Rate is applicable.
    Split Accounting Preferences --
    Early Nostro/Vostro Entry Posting Select the values from the following:
    • Yes
    • No
    Cutoff --
    Funds Transfer CutOff Hours Specify the Cutoff hours for Funds Transfer of Type code 10.
    Funds Transfer CutOff Minutes Specify the Cutoff Minutes for Funds Transfer of Type code 10.
    Foreign Transfer CutOff Hours Specify the Cutoff hours for Foreign Transfers to foreign central banks and international organizations i.e. fund transfers of Type code 15.
    Foreign Transfer CutOff Minutes Specify the Cutoff Minutes for Foreign Transfers to foreign central banks and international organizations.
    Settlement Transfer CutOff Hours Specify the Cutoff hours for Settlement Transfers between Direct Fedwire members i.e. fund transfers of Type code 16.
    Settlement Transfer CutOff Minutes Specify the Cutoff Minutes for Settlement Transfers between Direct Fedwire members.
    Service Start Time --
    Process on Network Start Day You can check this box to specify the Process on Next Start Day.
    Beneficiary Name Match Required For inbound payments beneficiary name match is done based on this flag. The preference created here can be applied if the Host Code, Network code, Currency and Payment Method fields inputted during inbound payment processing is exactly matched.
    Beneficiary Validation Currency Specify the Currency.
    Beneficiary Validation Amount Specify the Amount in specified currency.

Parent topic: Fedwire Network