02 — Capability · BC-1730.20
Clearing & Settlement
Exchange payments with other banks through clearing systems, settle the net or gross amounts owed, and prove that every payment sent and received has been settled and booked. Handling the enterprise's own bank statements is treasury.
- Interbank Clearing
- Payment Settlement
- Clearing Operations
In scope
- Submission to and receipt from clearing houses and schemes
- Settlement positions at the central bank and settlement agents
- Inbound payment posting, returns and rejects, and check and item clearing
- Payment reconciliation and exception handling
Out of scope
- Bank account reconciliation for the enterprise's own accounts (see BC-210.10)
- Card network clearing for issued cards (see BC-1730.40)
- Liquidity risk measurement and regulatory ratios (see BC-1780.20)
Realized by · 0
- No product in the catalog yet.
Used in · 3
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 5
- BC-1730.20.10Clearing ExchangeSend outgoing payment files to each clearing system and receive incoming ones on schedule, confirming every file was accepted.
- BC-1730.20.20Settlement Position MonitoringTrack the bank's settlement obligations and balances at the central bank and settlement agents through the day so payments are never held for lack of funds.
- BC-1730.20.30Payment Returns & RejectsProcess payments returned or rejected by other banks and send returns for incoming payments that cannot be applied, within each rail's deadlines.
- BC-1730.20.40Payment ReconciliationMatch payments sent, received and settled across the payment systems, clearing reports and ledger, and resolve every break.
- BC-1730.20.50Check & Item ClearingCapture deposited checks at branches, ATMs and by mobile or remote deposit, clear them by image exchange with paying banks, and handle the items that come back unpaid.