Process Salary Payments for External Accounts
sd Process Salary Payments for External Accounts
:Correspondence
:Corporate Payroll
Services
Record Instruction for Salary Payments
:Payment Order
Initiate Payment Order
:Corporate Current
Account
Get Operational Details for Payment
:Regulatory
Compliance
Conduct AML Check
:Payment Execution
Execute Payment Transaction
:Position Keeping
Record Debit Booking for Intermediate Account
:Corporate Current
Account
:Financial Gateway
Record Credit Booking for Correspondent Bank
Authorise Credit Booking on Vostro Account
For Each Salary Payment
If Salary Payment to External Account
1 transaction
If Vostro Account
Execute Payment Transaction
Record Debit Booking for Customer Account
Authorise Debit Booking
Record Credit Booking for Intermediate Account
If Summary Booking of External Salary Payments
1 transaction
Put Final Block for Total Amount on Customer Account
See Corporate Banking Products -
Bookings and Interest Management
for details of Record Debit Booking
and Record Credit Booking
:Internal Bank Account
Authorise Debit Booking on Intermediate Account
Authorise Credit Booking on Intermediate Account
:ACH Operations
Send All Payment Instructions
If Settlement via Clearing
Authorise Credit Booking on Nostro or Clearing Account
:Correspondent Bank
Operations
Send Instructions via SWIFT
Send Payment Message