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.
-
Create standing instructions with payment type, payment frequency, ordering customer or bank information and accounts involved
-
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
-
Approve standing instructions that are sent for second or third level approvals
-
Retrieves the list of standing instructions details such as instruction reference, mode of payment, payment frequency, amount, accounts & customers involved
-
Retrieves the list of standing instructions details such as instruction reference, mode of payment, payment frequency, amount, accounts & customers involved
-
Retrieves the list of failed standing instructions details such as accounts involved, payment type & reason of failure
Sweep
Sweeps are a movement of funds from one virtual account to another targeting to maintain the defined minimum or maximum amount of account balances. You can set up balance sweeps among virtual accounts that are part of the same structure and currency. You can also perform sweeps among accounts in a cash pool group.
-
Retrieve the processed sweeps.
-
Retrieves sweep with rules which will be checked against to see if a transfer of funds needs to be made from one account to another.
-
Retrieves the cashpool group details of the virtual accounts.