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SETTLEMENT v. 2.0.2 |
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Problem
Statement |
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The goal of this Settlement use case is to
send payment and remittance without adjustment, send remittance with
adjustments and/or discounts, send payment and remittance with adjustment
and/or discounts, send payment, send remittance without adjustments and/or
discounts.
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Objective |
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To supply the detail design of a Settlement
business transaction needed to meet the requirements of the referenced BRAD(s).
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Audience |
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The audience of the standards would be any participant in
the global supply chain. This would include retailers, manufacturers, service
providers and other third parties.
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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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Use Case Scenario |
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Business
Transaction Use Case
Diagram |
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Use Case
Description
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Use Case Name
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Add Settlement of request for payment
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Use
Case Description
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The goal of this Settlement use case is to send payment and
remittance without adjustment, send remittance with adjustments and/or
discounts, send payment and remittance with adjustment and/or discounts, send
payment, send remittance without adjustments and/or discounts. |
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Actors (Goal)
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The primary actors in the 'Settlement' process are
the trading partners, comprised of Buyer, Seller andRemit-To,
along with the Buyer's Bank, Seller's Bank and Remit-To’s Bank
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Performance Goals
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Goals related to
technical requirements
None
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Preconditions
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The Settlement process begins when the buyer
has received Request for Payment(s) from Seller or Remit-To
party. The Seller has already advised the Buyer that the payment should be
made to the Remit-To party.
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Post
conditions
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Buyer sends to Seller or Remit-To party one of the five following
scenarios.
1.
Payment and Remittance
2.
Payment and Remittance with Adjustment
3.
Remittance
4.
Remittance with Adjustment
5.
Payment
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Scenario
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Begins when Buyer has received a Request for Payment from the Seller and
processes it..
Continues with...
1
Buyer receives a Request for Payment from the Seller
2
Buyer receives request for
payment
3
Buyer
reconciles request for payment
4
Buyer
authorizes payment amount, including remittance detail if necessary
5
Buyer
instructs Buyer's Bank with payment amount and/or remittance detail
and adjustment.
5.1. If payment through a
third party, the Buyer send a copy of Settlement document to the Seller.
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Buyer’s Bank
receives instructions for payment amount and/or remittance detail
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Buyer's Bank
sends payment (and remittance detail) to Seller's, Remit-To’s Bank
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Seller's Bank
receives payment and remittance detail from Buyer's Bank
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Seller's Bank or Remit-To’s Bank
advises Seller or Remit-To party of payment (and remittance detail)
received from Buyer's Bank
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Seller
receives notification of payment and remittance detail from Seller's
Bank.
Ends when... the buyer
sends payment and remittance without adjustments or discounts, payment and
remittance with adjustments or discounts, remittance only, remittance with adjustments
or payment only to the Seller. |
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Alternative Scenario
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None
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Related Requirements
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None
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Related Rules
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None
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Business
Transaction Activity Diagram |
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Business
Transaction Sequence Diagram |
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Implementation Considerations |
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Not available |
