Initiate Collection - Additional Information

Introduction

While initiating the collection transaction, apart from the debit and credit information, the following additional information are also entered.

• Negotiated Details

• Additional origination details including intermediary bank details

• Additional destination details like the address details of the retail user or the customer on behalf of whom retail user is initiating the collection

Navigation

• Click Additional Information in the Initiate Collection screen.

• The Initiate Collection - Additional Information screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

NEGOTIATED RATE DETAILS

Negotiated Rate

The user can provide the negotiated rate in case of the multicurrency transactions.

Dealer Reference

Provide the dealer reference number for negotiated rate.

ADDITIONAL ORIGINATION DETAILS

Intermediary Bank Search

The details of the intermediary bank can be populated by using the Lookup. The intermediary bank details include the following:

• Intermediary Bank Name

• Intermediary Branch Name

• Address of the intermediary bank

• City and Postal Code of the intermediary bank

• Country of the intermediary bank

• Bank clearing code of the intermediary bank

ADDITIONAL DESTINATION DETAILS

Delivery Model

The delivery mode in which the collection would happen. The available options are

• E Transfer

• Cash

• Instrument

Transfer Information

Provide additional transfer information about the collection transaction.

Collect On Behalf of

In case the user is initiating the transaction on behalf of a different customer ID, use the click here link to select a different customer id and populate the address of the different customer ID.

Address

The address of the user or other customer ID chosen.

City & Zip

The city and zip code of the other user or other customer ID chosen.

State

The state of the user id/other customer ID chosen.

Country

The country of the user id/other customer ID chosen.

Bank Clearing Code

Provide the bank clearing code of the home bank of the retail user.