Process Internal Direct Debit Instruction
sd Process Internal Direct Debit Instruction
:Correspondence
:Payment Initiation
Record Request for Internal Direct Debits
:Customer
Agreement
Verify Direct Debit Agreement
Initiate Direct Debit Order
:Direct Debit
Process Request for Internal Direct Debits
:Payment Order
:Payment Execution
:Position Keeping
Record Debit Booking for Customer Account
:Current Account
Initiate Payment Order for Internal Direct Debit
Execute Payment Transaction
Authorise Debit Booking
Record Credit Booking for Intermediate Account
For Each Direct Debit in Instruction
If Internal Direct Debit Payment
1 transaction
See Corporate Banking Products -
Bookings and Interest Management
for details of Record Debit Booking
and Record Credit Booking
:Internal Bank Account
Authorise Direct Debit Booking on Intermediate Account
Initiate Payment Order for Summary Booking on Creditor Account
Execute Payment Transaction
Record Debit Booking for Intermediate Account
Authorise Direct Debit Summary Booking on Intermediate Account
:Corporate Current
Account
Record Credit Booking for Customer Account
Authorise Credit Booking
If Summary Booking on Direct Debits Creditor Account
1 transaction