CP0777

Formal title: Alterations to FAA Documentation to meet four BSC requirements

Current Status

Submission
Assessment
CPC Consultation
Committee Decision
Awaiting Implementation
Implemented

Summary

Alterations to FAA Documentation to meet four BSC requirements. 1. Amend the NETA Data File Catalogue and FAA IDD Part 1 to state that Bank Reports/Payment Instructions are sent to Collection Banks and the BSC Clearer. 2. Modify FAA-R011 to reference Postponed Payments as detailed in the Code N 6. 6. 1 b and section 7. 5 of the FAA Service Description. 3. Update FAA-R012 and FAA Service Description section 8. 1. 2 to reflect requirements in Code N 7. 1. 2 (a) & (b) that describe the details which should be contained in Advice Notes. 4. FAA-R046 should state that the Confirmation Notice for Payment Day “A” will be sent on day “A+2 WDs”.

Progression

This CP was implemented

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