API Console
Executive Summary
This service domain maintains correspondent bank reference details. This includes correspondent bank payment parameters in particular bank limits and capturing transaction activity to track reciprocity
Examples of Use
Correspondent bank (reciprocal) activity is consolidated to support periodic correspondent banking relationship reviews
Role Definition
This service domain maintains reference details specific to a correspondent banking partner covering payment terms and preferences and security keys. It also consolidates transactional activity as might be needed to track reciprocity with the correspondent bank. Any specific arrangements and terms (e.g. SSIs) that might override market directory details are maintained here as part of the data record.
Related Business Scenarios
Core Business Object
Correspondent Banking Agreement
Key Features
- Maintain correspondent bank reference data
- Maintain specific correspondent settlement instructions
- Track correspondent bank’s service reciprocity