Table of Contents

Aggregate Funds Obligation Process Flow

Aggregate Funds Obligation Process

Step	Description	Party	Recipient	Message Reference
1	The CSP calculates the net funds obligation and net trust amount for each payment facility.	CSP	-	-
2	The CSP sends a Participant Funds Notification to the Settlement Participant advising of the net funds obligation for each of their Payment Facilities.	CSP	Settlement Participant / PISP	Participant Funds Notification (sett_134)
3	The CSP sends a Funds Obligation to the Payment Provider advising of the net funds obligation and net trust amount for each of their Payment Facilities they service.	CSP	Payment Provider	Funds Obligation (sett_133)
4	The CSP calculates the total funds obligation for each Payment Provider.	CSP	-	-
5	The CSP sends a Funds Obligation to the Payment Provider advising of their total funds obligation.	CSP	Payment Provider	Funds Obligation (sett_133)
6	Where a Payment Provider is required to provide authorisation, with a reason of Accepted or Rejected, for each Payment Facility. If the Payment Provider is required to provide authorisation, then refer to Step 7. If the Payment Provider is not required to provide authorisation, then refer to Step 10. A Payment Provider can provide an authorisation for a Payment Facility that is a recipient of funds. This authorisation is optional and will not prevent the CSP from continuing with Batch Settlement processing.	-	-	-
7	The Payment Provider populates the Funds Obligation Status Advice with the following: Mandatory ISO 20022 elements defined in the Message Usage Guidelines; Optional ISO 20022 elements defined in the Message Usage Guidelines where applicable to the request; and Related ASX business values and rules applicable to the request. The Payment Provider sends the Funds Obligation Status Advice to the CSP. (Optional if the Funds Obligation amount is receivable by the Payment Provider from the CCP)	Payment Provider	CSP	Funds Obligation Status Advice (sett_135)
8	The CSP validates the Funds Obligation Status Advice against the schema and business validation rules. If the Funds Obligation Status Advice is schema and business valid, then refer to Step 9; "On Success". If the Funds Obligation Status Advice is not schema or business valid, then refer to Step 12; "On Fail".	CSP	-	-
On Success
9	The CSP determines whether the Payment Provider provided an acceptance or rejection for a Funds Obligation amount that is payable to the CCP. If an Acceptance is provided by the Payment Provider, then refer to Step 10. If a rejection is provided by the Payment Provider, then refer to Step 11.	CSP	-	-
10	Once acceptances are provided from all Payment Providers, the CSP initiates the Batch Settlement Funds Movement Process.	CSP	-	-
11	If the Paying Payment Provider has rejected the Funds Obligation, the CSP will initiate the Default Management Process.	-	-	-
On Fail
12	If the Funds Obligation Status Advice fails schema or business validation, the CSP will send the Payment Provider: An invalid Transaction Notification with the relevant error code for schema failure; or A rejected Transaction for business validation failure.	CSP	Payment Provider	Invalid Transaction Notification (comm_807) Rejected Transaction (comm_808)

Business Values and Rules

Participant Funds Notification

A Participant Funds Notification is created by the CSP and sent to the Settlement Participant / PISP to notify the Settlement Participant / PISP of the projection of the the Settlement Participants Funds Obligation (before payment has been completed).

ASX Element Name	ISO 20022 Element	Guidelines
Transaction Id	Report / Identification	The unique identifier of a transaction within the CSP. Further details of Transaction Identifications are detailed here.
Payment Facility Id	Account / Identification / Other / Identification	The identifier of the Payment Facility against which the Funds Obligation amount is to be settled.
Cash Balance Type Code	Code Or Proprietary / Proprietary	Indicates the type of balance being reported. In this case, it will be: Projected Funds Notification (PFNO)
Projected Net Funds Obligation	Balance / Amount	An estimate of the Funds Obligation amount calculated to be settled against a Payment Facility.
Credit Debit Indicator	Credit Debit Indicator	The Credit Debit Indicator indicates whether the Settlement Participant is the Payer or Payee of the Funds Obligation amount: Credit (CRDT) indicates the Settlement Participant is the Payee Debit (DBIT) indicates the Settlement Participant is the Payer
Settlement Date	Balance / Date / Date	Indicates the Business Date of the current Batch Settlement Cycle.

Funds Obligation

A Funds Obligation is created by the CSP advising the Payment Provider of funds obligated for each Payment Facility. This message is sent out twice as part of the process - individually for each payment facility and as an aggregation of all Payment Facilities for the Payment Provider.

ASX Element Name	ISO 20022 Element	Guidelines
Report Header
Settlement Date	Settlement Date / Date	The current date upon which the batch settlement is occurring.
Cash Obligation Status	Cash Obligation Status	Specifies whether the message is a projected or an actual cash obligation report. In this case, Actual Funds (ACTL) is present.
Settlement Account Net Position
Transaction Id	Net Position Identification	The unique identifier of a transaction within the CSP. Further details of Transaction Identifications are detailed here.
Settlement Participant Name	Cash Account Owner / Name	The name of the Settlement Participant that is associated to the Payment Facility.
Settlement Participant Identifier	Cash Account Owner / Identification	The unique identifier of a Settlement Participant that is associated to the Payment Facility.
Payment Facility Id	Cash Account / Identification / Other / Identification	The identifier of the Payment Facility to which this notification refers to.
Net Funds Obligation	Amount / Amount	The net funds obligation for the Payment Provider for this specific Payment Facility.
Credit Debit Indicator	Credit Debit Indicator	The Credit Debit Indicator indicates whether the Payment Provider is the Payer or Payee of the Net Funds Obligation: Credit (CRDT) indicates the Payment Provider is the Payee Debit (DBIT) indicates the Payment Provider is the Payer
Net Trust Amount	Trust Amount	The Trust Amount is the sum of all trust amounts, taking into consideration the Credit Debit Indicator, calculated for settlement instructions for the Payment Facility for the current business date. The Trust Amount is not received by or paid to the CCP. The Trust Amount is information provided to the Payment Provider for their internal process.
Credit Debit Indicator	Credit Debit Indicator	Indicates the direction of the payment at the bank for the internal Net Trust Amount process. Credit (CRDT) indicates the Payment Provider will credit the amount to the Participant's Trust Bank Account and debit the Participant's General Bank Account Debit (DBIT) indicates the Payment Provider will debit the amount to the Participant's Trust Bank Account and credit the Participant's General Bank Account
Authorisation Reason	Authorisation Reason	Indicates the type of authorisation being notified. In this case it will either be: Funds Notification (PFNO) Funds Authorisation (PFAU)
Settlement Agent Net Position
Transaction Id	Net Position Identification	The unique identifier of a transaction within the CSP. Further details of Transaction Identifications are detailed here.
Total Funds Obligation	Net Cash Amount / Amount	The total funds obligation for the Payment Provider across all of their Payment Facilities.
Credit Debit Indicator	Credit Debit Indicator	The Credit Debit Indicator indicates whether the Payment Provider is the Payer or Payee of the total Funds Obligation: Credit (CRDT) indicates the Payment Provider is the Payee Debit (DBIT) indicates the Payment Provider is the Payer
Total Message Count	Total Number Of Positions	The number of Payment Facilities that are contributing to the total Funds Obligation.
Authorisation Reason	Authorisation Reason	Indicates the reason for which a transaction has been authorised. In this case it will be: Primary (PRIM)

Funds Obligation Status Advice

A Funds Obligation Status Advice is sent by the Payment Provider to the CSP, advising of their acceptance or rejection of a Funds Obligation amount.

ASX Element Name	ISO 20022 Element	Guidelines
Target Transaction Id	Net Position Identification	The identifier of the Funds Obligation which is the target of the required action.
Payment Facility Id	Cash Account / Identification / Other / Identification	The identifier of the Payment Facility to which this acceptance / rejection refers.
Status	Status	Indicates the authorisation status of the Funds Obligation. In this case it will either be: Acknowledge Accepted (PACK) Rejected (REJT)
Bank Reference	Account Servicer Reference	A reference supplied by the Payment Provider for their own reference. No business validations are performed on this field.

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