Standing Order
A standing order is a type of financial instruction that allows an account holder to authorise a fixed amount of funds to be automatically transferred from their account to another account, typically on a regular basis. The transfer can occur weekly, bi-weekly, monthly, or on any other regular interval specified by the account holder.
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Create standing instructions with payment type, payment frequency, ordering customer or bank information and accounts involved
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Update standing instructions with payment type, payment frequency, ordering customer or bank information and accounts involved
Delete Standing Order
DELETEDelete or revoke standing instructions for a customer
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Approve standing instructions that are sent for second or third level approvals
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Retrieves the list of standing instructions details such as instruction reference, mode of payment, payment frequency, amount, accounts & customers involved
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Retrieves the list of standing instructions details such as instruction reference, mode of payment, payment frequency, amount, accounts & customers involved
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Retrieves the list of failed standing instructions details such as accounts involved, payment type & reason of failure
Posting Restriction
Banks employ posting restrictions to regulate transactions in accounts. Posting restrictions are transaction-based rules that prevent transactions from being posted to an account for the purpose of operational control. A typical business case in which a bank uses a posting restrictions to regulate credits into an account is for non-resident accounts, where there may be restrictions on depositing local currency amounts into the account.
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Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
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Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account