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CONFIRMATION OF SETTLEMENT INSTRUCTIONS v. 2.0.2 |
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Problem
Statement |
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A process needs to be developed to handle
the acknowledgment of payment orders, by transaction, from the financial
institution to the payer. The payer
submits payment requests to the financial institution. The payer has requested that the financial
institution confirm receipt for processing of the payment requests.
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Objective |
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To
supply the detail design of the confirmation of settlement business transaction
needed to meet the requirements of the referenced BRAD(s).
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Audience |
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The audience for this document is the payer
personnel who send requests for payment to their financial institution and
financial institution payables processing departments that confirm receipt of
settlement requests to the payer.
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Business
Context
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Industry: All
Geopolitical: All
Product: All
Process: Pay
System
Capabilities: EAN.UCC
Official
Constraints: None
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Business
Transaction View
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Business
Transaction Use Case
Diagram |
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The trading
partners, the Financial Institution and the Buyer of the goods have completed
their planning and align data activities.
Requirements for aligning data include:
Identifying the
codes and meaning of codes for detailing the transaction status message
Agreement on the
payee and payer information to be exchanged
Then, together
they must be prepared to send and receive electronic transactions.
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Figure 1 Confirmation of Settlement Instructions Use Case Diagram |
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Use Case
Description
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UC-1 |
| Use
Case Name: |
Confirmation of Settlement Instructions |
| Use
Case Description: |
The payer’s financial institution has received one or
more Settlement documents from the payer.
The payer has requested a payment reconciliation, by transaction, of the
Settlement document(s) from their financial institution. |
| Actors
(Goal): |
This is a two party system. The primary actors are the Payer (a type of buyer)
and the Payer’s Financial Institution (a
type of third party). |
| Performance
Goals: |
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| Preconditions:
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Both parties have established their trading partner
agreement, aligned their data, and are capable of sending and receiving transactions. |
| Postconditions: |
Successful receipt of the data by the Payer from the
Financial Institution. |
| Scenario: |
Begins when the Payer submits
one or more Settlement documents to the Financial Institution.
Continues with...
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Step #
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Actor
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Activity Step
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1
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Payer
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The Payer transmits one or
more Settlement documents to the Financial Institution.
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2
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Financial Institution
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The Financial Institution
processes the document(s) and transmits a Confirmation of Settlement
Instructions (reconciliation) to the payer.
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3
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Payer
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The Payer receives the
Confirmation of Settlement Instructions (reconciliation) document from the
Financial Institution.
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Ends
when The Payer receives a confirmation of settlement
documents (reconciliation), by transaction, from the financial
institution.
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Alternative
Scenario:
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Business
Transaction Activity Diagram |
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Not available
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Business
Transaction Sequence Diagram |
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The diagram illustrates the sequence
using a single request for payment. The
buyer may send and the financial institution may receive one or more requests
for payment at the same time.
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Code Lists |
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