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appenDiX B - acH anD rtGs Basics
B.4
DIRect connectIon to An A cH
For organisations having large volumes of transactions, for efficiency purposes, some acH systems allow direct connections. this allows
corporate customers and service providers (bureaux) to be able to submit transactions directly into the acH processor without passing
the transaction instruction through a member bank. Funds are settled through bank accounts as normal. this is illustrated below.
Intra-day Net rTGS
Settlement SETTlEMENT
INSTITUTION
ACH
ACH
PrOCESSOr
BANK A BANK B
Account at
Bank A PAyEr PAyEE
Figure 11: Direct Connection to an ACH
some central Banks require very high volume transaction originators to have a direct connection into the acH. the criteria to this can
depend on the number or value of transactions is relation to the number or value of transaction submitted in total by their bank. this
allows integrity risk and reliability to be managed more directly.
49
B.4
DIRect connectIon to An A cH
For organisations having large volumes of transactions, for efficiency purposes, some acH systems allow direct connections. this allows
corporate customers and service providers (bureaux) to be able to submit transactions directly into the acH processor without passing
the transaction instruction through a member bank. Funds are settled through bank accounts as normal. this is illustrated below.
Intra-day Net rTGS
Settlement SETTlEMENT
INSTITUTION
ACH
ACH
PrOCESSOr
BANK A BANK B
Account at
Bank A PAyEr PAyEE
Figure 11: Direct Connection to an ACH
some central Banks require very high volume transaction originators to have a direct connection into the acH. the criteria to this can
depend on the number or value of transactions is relation to the number or value of transaction submitted in total by their bank. this
allows integrity risk and reliability to be managed more directly.
49
