Enhanced and Simplified Distribution
  • Updated on 16 Jun 2020
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Enhanced and Simplified Distribution

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1. Prerequisite Complex and simple data elements

The SwO Standard is agnostic in nature and can fulfil various clearance requirements. Therefore, the SwO Standard can be used to perform clearance of sales enabled by the Enhanced and Simplified Distribution Standard. Here are data elements from the Enhanced and Simplified Distribution Standard and how can they relate to the data elements in the SwO Standard:

a. Agreement ID
in the Enhanced and Simplified Distribution Standard this is the OrderID

b. Commitment ID
in the Enhanced and Simplified Distribution Standard this is the PaymentID

c. Payment Commitment Date

this is the same data element in the Enhanced and Simplified Distribution Standard. This is the date when for a given payment the payment status changes to successful.

c. Net Clearance Amount

this is the same data element in the Enhanced and Simplified Distribution Standard. It is important to note that in the Enhanced and Simplified Distribution Standard the Net Clearance Amount will have either + or – sign but when used in the ClearanceRQ the Net Clearance Amount will be an absolute value |Net Clearance Amount| because the ClearanceRQ has clearly defined Payer and Payee that make the sign redundant.

In the Enhanced and Simplified Distribution Standard Net Clearance Amount is defined as the amount agreed to be cleared in the Order between the two parties to the Order. Net Clearance Amount is always from the point of view of the party initiating the clearance request and therefore can be either positive [+] when the initiator of the clearance is to receive funds or negative [-] when the initiator of the clearance has to pay-out funds. It is part of the PaymentProcessingSummary in the Order.

  • Net Clearance Amount – amount to be cleared between ORA and the respective counterparty, i.e. the Seller. It is the difference between ORA Receivable from the Seller and ORA Payable to the Seller or [NetClearanceAmount] = [ORA Net Receivable] - [ORA Net Payable]. Net Clearance Amount can be either positive [+] when ORA is to receive funds or negative [-] when ORA has to pay-out funds.

  • ORA Net Payable – amount owed by ORA to the Seller that has not yet been paid for the given order.
    In its Offer (OfferPriceRS) ORA will provide the ORA Net Payable amount to define what is the total payable from ORA to the Seller if this offer is accepted.

  • ORA Net Receivable – amount owed to ORA by the Seller that has not yet been paid for the given order.
    In its Offer (OfferPriceRS) ORA will provide the ORA Net Receivable amount as what ORA expects to receive for this offer. However, in OrderCreateRQ or OrderChangeRQ the ORA Net Receivable would equal to the payment collected by the Seller on behalf of ORA or the payment relevant to the Settlement with Order process if payment is collected using multiple payment methods.

It is required that all Clearances originate from valid payment commitment that can be identified by its Payment Identifier. Therefore, the recommended release version for the Enhanced and Simplified Distribution Standard is 19.2. Requests for creation or change of order must be done with messages that result in OrderViewRS message that has valid payment related node and payment commitment identifier.