Efficient receivables management for correspondent banks
Banks charge their correspondent banks fees for the settlement of payments which are mostly not yet processed automatically (STP). Likewise, fees accrue for the processing of OUR payments whose settlement is also not standardised so far. Thanks to FinCASE for Bank2Bank Commissions, these non-standardised processes can very efficiently be concluded for different types of receivables.
SEPA payments are, at least in Germany, almost free of charge whereas foreign payments are subject to high charges. All banks within the correspondent banks chain claim fees for the settlement, especially for payments which have been processed manually. Irrespective of whether fees accrue for OUR or non-STP payments or third-party processing yields have to be concluded, the check and settlement of payment receivables is complicated and often handled manually.
FinCASE for Bank2Bank Commissions automates the handling of incoming and outgoing receivables and monitors the corresponding cash flows. A granular rulebook allows the configuration of the fee model and the controlling of the receivables delivery. Moreover, the receivables and yields are transparently broken down and comprehensive statistics, such as the level of STP degree for the business partners’ payments, are displayed. The high-quality evaluations actively support the receivables management.