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SETTLEMENT v. 2.1 |
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Problem
Statement |
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The goal of the Settlement message is to
send payment instruction and / or remittance information. The remittance
information can optionally include information on 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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This section identifies business
requirements and functions for Settlement.
This section of the document will walk through the Settlement use case
analysis.
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Use Case Scenario |
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Business
Transaction Use Case
Diagram - Third Party Settlement |
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Use Case ID
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UC-1
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Use Case Name
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Third Party Settlement
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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 Payer, Payee
and Remit-To, along with the Payer's Bank, Payee's
Bank and Remit-To’s Bank.
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Performance Goals
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None
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Preconditions
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The Settlement process begins when the Payer has received one or more Payment Requests from Payee or Remit-To party. The Payee has already advised the Payer
that the payment should be made to the Remit-To party.
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Post
conditions
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Payer sends to Payee
or Remit-To party the settlement information based on one of the following scenarios.
1. Payment
and Remittance
2. Remittance
only
3. Payment
only
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Scenario
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Begins when Payer has received a Payment Request from the Payee
and processes it..
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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receives a
Request for Payment from the Payee.
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2
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Payer
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receives Request for Payment.
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3
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Payer
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reconciles
Request for Payment.
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4
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Payer
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authorizes
payment amount, including remittance detail if necessary.
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5
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Payer
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instructs
Payer's Bank with payment amount and/or remittance detail and adjustment.
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5.1.
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If payment
through a third party, the Payer sends a copy of Settlement document to the
Payee.
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6
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Payer’s Bank
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receives
instructions for payment amount and/or remittance detail.
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7
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Payer's Bank
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sends payment
(and remittance detail) to Payee's, Remit-To’s Bank.
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8
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Payee's Bank
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receives
payment and remittance detail from Payer's Bank.
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9
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Payee's Bank or
Remit-To’s Bank
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advises Payee
or Remit-To party of payment (and remittance detail) received from Payer's
Bank.
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10
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Payee
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receives
notification of payment and remittance detail from Payee's Bank.
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Ends when the payer 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 Payee.
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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 Use Case
Diagram - Remittance Notification |
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Use Case
Description
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Use Case ID
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BTY5
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Use Case Name
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Remittance
Notification
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Use Case Description
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The
Remittance Notification is used to enable a payer to notify a payee of a forthcoming
payment that is to be made for goods that were previously received. The
Remittance Notification provides a detailed accounting description of any payments
made in line with contracts, invoices and goods delivered to the payer. It
should only be sent in line with the processing of a payment to a payee.
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Actors (Goal)
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Payer: To send
the Settlement message (containing the Remittance Notification).
Payee: To receive
the Settlement message (containing the Remittance Notification.
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Performance Goals
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Preconditions
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Remittance
notification created
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Post conditions
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Remittance
notification received
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Scenario
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Begins when: the
Payer generates a based on the payment he will make.
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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Sends the Settlement
message to the payee.
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2.
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Payee
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Receives the Settlement
message.
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Ends when:
The Payee
receives the Settlement message.
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Alternative Scenario
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Not applicable
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Business Transaction Rules
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1.
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For
this transaction the transaction handling type REMITTANCE_ONLY must be used.
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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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Not available |
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Business Document Example |
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Code Lists |
