Routing


 

Routing:

  • Routing is the process by which the destination of a received payment is found.
  • Routing must assign each Transaction an Outgoing Clearing Condition.
  • Routing will also assign an Outgoing Business Participant and an Outgoing Settlement Participant.
  • Routing determines whether a Transaction is on-us or not on-us.
  • Routing relies on an ordered list of “Routing Rules”which can be of two types:
    • “Criteria Based”: certain attributes of the Transaction are compared with attributes of the Exchange Condition. If all criteria matched, the Transaction is routed to the Exchange Condition. For instance: Currency, Maximum Amount, Destination Bank Code.
    • “Algorithm Based”: the Routing Rule consists of code developed by customization team, which, for a Transaction received as parameter, will return the Outgoing Clearing Condition
  • Each Routing Rule is evaluated up until a Clearing Condition is
    found.