2013 template
TRANSCRIPT
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Serial Number Requirement
Date
Requirement Id Requirement
Type
Source of the
Requirement
(Bank Resource)
Single/Multi
Country
Requirement
3 5/6/2014 CR061-(a) High Value
Cheque Clearing
Business
Requirement
DRG Single
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Specify the
countries
Impacted
Channels
Mauritius Branch CBS Clearing Payments
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Requirement Description 1
High Value Cheques Process
Bulk Clearing System (BCSX) will identify high value cheques which will undergo a fast track clearing. The
procedures for handling high value cheques are described hereunder:1. Banks will send a normal batch of cheque payments to the system
2. The BCS will identify the high value instruments from the batch and split the batch into two batches, normal
settlement and one for priority settlement. The total amount presented for clearing will be adjusted
3. The batch containing high value cheques will be sent to the paying bank for decision making.
4. The paying bank will return the batch to the BCS with approval and rejection codes, as appropriate, before the
high value cut-off time.
5. Cheques which are rejected by the paying bank (with reason codes) will not be settled. The presenting bank
will be notified of this decision.
Further, there are four clearing sessions, As per Bank of Mauritius, bank can send cheques in any
Session. System should support multiple files upload.
Four clearing sessions are linked to specific timings i.e. 10 AM, 12 AM, 3 PM and 4 PM.
High value cheques received in first two sessions has to be returned on same day and for other two sessions it
will be returned next day.
In specific cases, even for last two sessions, can be marked as to be returned and other bank would be informed
through BOM massager.
At present high value cheques are the cheques with value of 1 Million and above. This value is parameterisable.
For session 1 & 2, BOM would send the separate files for cheques below and above 1 Million.
For session 3 & 4, BOM would send a single file for cheques below and above 1 Million
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Supporting Documents Banks remarks Requirement Status
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Requirement Description 2 Additional Information Third Party
System
Solution
Classification
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Recommended
Solution
Bank's Status Bank's Remarks HP Remarks
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Solution Status Regulatory (Y/N) Risk & Compliance
(Y/N)
Existing Functionality
(Y/N)
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Customer Impact
(H/M/L)
Profitability Impact
(H/M/L)
Release
Recommendation
Customization
Complexity
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Customization
Effort
Data Migration Impact Remarks
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Requirem
ent Id
Requirem
ent Type
Source of
the
Requirem
ent
(Bank
Resource)
Single/Mu
lti
Country
Requirem
ent
Specify
the
countries
Impacted
Channels
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Requirem
ent Id
Requirem
ent Type
Source of
the
Requirem
ent
(Bank
Resource)
Single/Mu
lti
Country
Requirem
ent
Specify
the
countries
Impacted
Channels