Initiate Transfer

Introduction

This screen is used to confirm the transfer batch. The screen gives the list of all the entries in the transfer transaction to confirm the transfer.

Navigation

Click Continue in the New Funds Transfer screen.

The Initiate Transfer 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

COMMON DETAILS

Note:

All fields are display fields.

Transaction Type

The type of transaction, that is, Self Transfer or Third Party Transfer is shown.

Frequency Type

Specifies if it is one time or recurring funds transfer.

Transaction date

The date of transaction is displayed.

Transaction Currency

The currency of transaction is displayed.

Manual Release Required

This specifies if the transaction is held or not.

Highest Entry Amount

The highest entry amount in the batch of transactions.

Total Transaction Amount

The sum total of credits or debits in the transfer batch.

Total Charge Amount

The total charge amount for the transfer batch.

Total Amount

The sum of total transaction amount and total charge amount.

Total Number of Entries

The total number of entries in the batch is displayed.

ENTRIES ADDED

Entry ID

The reference id for individual transfer entries. On clicking this link, the complete details of the transfer entry like initiator and counter party details are displayed.

Initiator detail

The debit account number is displayed. On clicking this, the account information like general account, balance, customer and security details are displayed.

Counter Party Detail

The destination party is displayed. On clicking this, the details of the counter party like general profile details like name and contact,s, payment, account and counter party bank details can be viewed.

Charge

The charge amount for the transfer entry is displayed.

Entry Amount

The transaction amount entered for the transfer entry is shown.

Total Amount

The sum of entry amount and charge amount is displayed.

APPROVER DETAILS

Select

Select the approver rule that is to be followed for approving the transaction.

Rule ID

The rule ID of the approving rule.

Authority

The approving authorities in a particular rule.

Follow Hierarchy

Indicates whether the rule follows hierarchy.

Incase of non-hierarchical workflow rules, the corporate user can send the transaction to any user or role in the workflow rule. Also any corporate user or role in non-hierarchical workflow rule will be able to initiate the transaction and send it for approval.

For hierarchical workflow rules, the approval process will be as per the set hierarchy.

Select User

The corporate user can select the approver to whom the transaction has to be sent for approval. The Lookup button displays the user details like user id, name, his role and whether he is available for approving or out of office.

Remark

Provide remarks at the time of sending the transaction for approval.

CONFIRMATION DETAILS

User ID

The corporate users, user id for confirming the transaction.

Transaction Password / Secure Token Passcode/SMS-based mobi token/device based mobi token/ Digital signature needed during initiation

The corporate user needs to authorize based on the authorization mode defined for the corporate user.

Click	To
Submit	Confirm the transaction.
Back	Go back to the previous screen

Field	Description
COMMON DETAILS Note: All fields are display fields.
Transaction Type	The type of transaction, that is, Self Transfer or Third Party Transfer is shown.
Frequency Type	Specifies if it is one time or recurring funds transfer.
Transaction date	The date of transaction is displayed.
Transaction Currency	The currency of transaction is displayed.
Manual Release Required	This specifies if the transaction is held or not.
Highest Entry Amount	The highest entry amount in the batch of transactions.
Total Transaction Amount	The sum total of credits or debits in the transfer batch.
Total Charge Amount	The total charge amount for the transfer batch.
Total Amount	The sum of total transaction amount and total charge amount.
Total Number of Entries	The total number of entries in the batch is displayed.
ENTRIES ADDED
Entry ID	The reference id for individual transfer entries. On clicking this link, the complete details of the transfer entry like initiator and counter party details are displayed.
Initiator detail	The debit account number is displayed. On clicking this, the account information like general account, balance, customer and security details are displayed.
Counter Party Detail	The destination party is displayed. On clicking this, the details of the counter party like general profile details like name and contact,s, payment, account and counter party bank details can be viewed.
Charge	The charge amount for the transfer entry is displayed.
Entry Amount	The transaction amount entered for the transfer entry is shown.
Total Amount	The sum of entry amount and charge amount is displayed.
APPROVER DETAILS
Select	Select the approver rule that is to be followed for approving the transaction.
Rule ID	The rule ID of the approving rule.
Authority	The approving authorities in a particular rule.
Follow Hierarchy	Indicates whether the rule follows hierarchy. Incase of non-hierarchical workflow rules, the corporate user can send the transaction to any user or role in the workflow rule. Also any corporate user or role in non-hierarchical workflow rule will be able to initiate the transaction and send it for approval. For hierarchical workflow rules, the approval process will be as per the set hierarchy.
Select User	The corporate user can select the approver to whom the transaction has to be sent for approval. The Lookup button displays the user details like user id, name, his role and whether he is available for approving or out of office.
Remark	Provide remarks at the time of sending the transaction for approval.
CONFIRMATION DETAILS
User ID	The corporate users, user id for confirming the transaction.
Transaction Password / Secure Token Passcode/SMS-based mobi token/device based mobi token/ Digital signature needed during initiation	The corporate user needs to authorize based on the authorization mode defined for the corporate user.