Instruction authorization

Step by step

1. Register Counterparty App Administrator

   App Administrator checks the organization's eligible bank or settlement party and the people assigned to its work.

   • Establish eligible party and team scope
   • Updates Organizations, Financial counterparties, Team members

2. Set Account Scope Treasury Preparer

   Treasury Preparer selects the provider accounts and records debit and credit amounts for the instruction.

   • Connect debit and credit amounts
   • Updates Financial accounts, Instruction accounts

3. Prepare Instruction Treasury Preparer

   Treasury Preparer gives the request its subject, amount, owner and requested date while it is in draft.

   • Record owner, counterparty, amount and revision
   • Updates Bank instructions

4. Submit for Review Treasury Preparer

   Treasury Preparer sends the current revision to the independent queue with its account scope and supporting material.

   • Move the request into review
   • Updates Bank instructions, Record attachments

5. Decide Authorization Independent Treasury Approver

   Independent Treasury Approver checks the revision and records a reasoned approval, rejection or return.

   • Record the decision and resulting state
   • Updates Review decisions, Bank instructions, Operation receipts
   ApprovalA person approves before the work moves on.

App Administrator

Maintains organization and counterparty scope.

Treasury Preparer

Prepares and submits.

Independent Treasury Approver

Decides.

Auditor

Reads the resulting trail.