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4.2 Key features of FTI

Source: TI_Host_to_Host_Client_User_Manual_v52.pdf Document pages: 63-65 PDF pages: 63-65

Q: What delivery methods are available for PTI on NetBank Business? A: Provisional transaction information is available via email on NetBank Business and can be sent in real time and/or near real time.

Q: Is pricing Volume Based? A: Yes, pricing can be tiered but pricing needs to be discussed with your transactional banker.

4.1 What is the FTI solution?

The Final Transaction Information (FTI) service offers you a statement in a machine -readable format of confirmed financial transactions that have been processed through your current or savings accounts. These confirmed transactions are extracted from your accounts, formatted and delivered to you as per your selected preferences. This file can be integrated directly into your line of business system allowing you the ability to automate the reconciliation of your bank statement.

Example: you will receive a file between 3am and 8am (client preference) of all confirmed financial transactions for the previous day, allowing your system to complete the ba nk recon and create an exception file of un-reconcilable items before your next business day starts.

A. Push of transactions

Daily confirmed transactions are pushed directly into your LOB systems using a secure delivery method (protocol).

B. Ease of reconciliation

Your LOB system extracts any relevant data for automated reconciliation process. Exception items can then be dealt with separately (eg where a reference used is not aligned with the formatting in your LOB system).

C. Multiple accounts

You can choose to receive one FTI file containing confirmed transactions for multiple accounts.

D. Delivery methods

You can choose between the following delivery methods:

  • Email
  • Web Services
  • IBM MQ
  • SWIFT
  • SFTP
  • Connect: Direct
  • SWIFT FileAct

E. Frequency of file delivery

You can choose to receive a file:

  • Daily
  • Weekly
  • Monthly

F. FTI file runs

In addition you can choose to receive files:

  • In the morning, containing all confirmed transactions for the previous day including the transactions processed overnight, ie 'normal run'
  • In the afternoon, containing all confirmed transactions for the previous day including transactions processed late, ie 'final run'
  • Or both, one file sent in the morning, containing all confirmed transactions for the previous day including the transactions processed overnight, ie 'normal run' one file sent in the afternoon, containing all confirmed transactions processed late and back dated. This file will only contain the transactions that were not included in the morning file , i.e. 'final run'.

G. File format

Multiple file formats are available eg SWIFT MT940, MT950 Please contact your Transactional Banker for available formats.

H. File resend

FTI has the ability to resend a file, once a day, to either the same delivery settings or to the alternate email address which was set up on the FTI instance.

I. Time preference

You can define the timeframe during which you want to receive FTI Transaction Information:

  • Normal Run - between 02:00 and 08:00
  • Final Run - between 14:00 and 20:00

J. Empty file

You can choose to receive and empty file, which means, should there be no activity on your account from the time of your last file, you will receive an empty file.

K. FTI Instances

An instance is a grouping of accounts and preferences. You have the option of setting up multiple instances to receive FTI. These Instances can be customised to receive data on specific accounts sent to specific delivery protocols.

Example: You can setup an instance and name it 'Host FTI'. This instance can then be customised to deliver Final Transaction Information via one of the Host delivery methods. A second instance can be setup and name it 'Email FTI'. This instance can be setup to receive Final Transaction Information via Email.

L. Adding new or maintaining FTI Instances

An Administrator who has self-maintenance on NetBank Business (NBB) can setup Final Transaction Information Instances. Should you choose to set up an instance on NBB, you can only select Email as your Delivery method. For all Host delivery methods, you may contact your Transactional Banker for assistance. If you don't have NBB, you may contact your Transactional Banker for assistance in adding or maintaining your instances.