Process Outgoing Direct Debit Instruction at Creditor Bank
sd Process Outgoing Direct Debit Instruction at Creditor Bank
:Correspondence
:Payment Initiation
Record Request for Outgoing Direct Debits
:Customer
Agreement
Verify Direct Debit Agreement
:Direct Debit
Process Request for Outgoing Direct Debits
:Regulatory
Compliance
Check Debtor
:Correspondent
Bank Operations
:ACH Operations
:Payment Order
Initiate Payment Order
:Payment Execution
Execute Payment Transaction
See Corporate Banking Products -
Bookings and Interest Management
for details of Record Debit Booking
and Record Credit Booking
:Position Keeping
Record Debit Booking for Intermediate Account
:Corporate Current
Account
For Each Direct Debit Instruction
If Settlement Is via Clearing
Record Credit Booking for Customer Account
Authorise Credit Booking
If Provisional Direct Debit Booking
1 transaction
Send Direct Debit Message
:Internal Bank Account
Authorise Debit Booking
:Financial Gateway
Send Direct Debit Instruction via SWIFT
Send Payment Message