Defining Trading Policies

Defining Trading Policies link

Policies specify our transfer on delay days and receiver reference requirements. When other trading partners are keying 'transfer on' or 'loan received' transactions to us and there is a matching policy, its rules take precedence.

1. Expand Reference Data within the navigation menu, open Trading Policies page.
2. To create a baseline policy, specify:
   • Our Account
   • Name
   • No Sending Account Number
   • No Product Code
3. If necessary, define additional policies for Sending Account Number and Product overrides.

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A trading policy takes precedence, i.e. if the matching policy specifies a delay of 28 days and the profile of the matching trading account for the sender specifies a delay of 14 days, the latter is ignored and the effective date is set to 28 days later.

Subscribing to Trading Policies link

All accounts are subscribed to trading policies by default. However, there is an option to override this.

1. Expand Reference Data within the navigation menu, open Locations page.
2. Against the location, in Trading Policy Override column, change the override accordingly.