Request for Clearance
  • Updated on 01 Jul 2020
  • 3 minutes to read
  • Contributors
  • Print
  • Dark
    Light

Request for Clearance

  • Print
  • Dark
    Light

This initiates the Settlement with Orders process. The request uses the payment information from the payment commitment in the underlining agreement. The following has been agreed:

  • The payment method (Cash or EWallet)
  • The amount with its corresponding currency to be cleared, which is the NetClearanceAmount of the “SwO Settlement data” dale element associated with the selected Payment Method in the Payment Processing Summary.
  • Agreement and Commitment identifiers and other relevant information.

All applicable charges, commissions, fees and taxes including VAT are available in detail in the Order when it is created but are not needed for the Settlement process – the Request for Clearance is only interested in the Net Clearance Amount that has to be cleared between two parties. It is important to note that at payment commitment time there is full agreement on Net Clearance Amount and payment method.

Following are two possible cases:

1. Request for Clearance with method of payment Cash and according to the SwO Schedule.

Customer has purchased a service and Seller has confirmed the Order. Seller has committed payment, too, by providing payment information including an Amount and Payment Method to ORA. ORA has provided the Net Clearance Amount and currency in the response to the Seller.

a) Preconditions

Remittance and settlement are in the same currency.

b) SwO Process

  • ORA sends ClearanceRQ message to the Settlement Manager including the Clearance identified with its unique ClearanceID referring to the OrderID as the AgreementID and the PaymentID as the CommitmentID.
  • After successful sanity check and validation, the Settlement Manager acknowledges the receipt of the ClearanceRQ message with ClearanceRS message. The ClearanceRS message includes the Remittance Date “RD” and the Settlement Date “SD” as per SwO Schedule, and the Clearance Status Code “Accepted”.
  • Settlement Manager sends ClearanceNotif message to the Seller. The ClearanceNotif message includes the Remittance Date “RD” and the Settlement Date “SD” as per SwO Schedule, and the Clearance Status Code “Accepted”.
  • Following the SwO Schedule on Remittance Transfer Notification Delivery Deadline Date the Settlement Manager sends the RemittanceTransferNotif message to the Remittance Payer. The RemittanceTransferNotif message is identified with its RemitID and includes the Total Amount that must be remitted by the Remittance Payer (or the Seller) and the list of Clearances that have been aggregated for this RemittanceTransferNotif message.
  • On Remittance Date the Remittance Payer orders payment to the Settlement Manager’s bank account for funds equivalent to the Total Amount in the RemittanceTransferNotif message identified with its RemitID. The RemitID is included in the remarks of the bank transfer order.
  • On Settlement Date “SD” the Settlement Manger sends SettlementTransferNotif message, that is identified with its SettleID. The SettlementTransferNotif message includes the Total Amount being settled to ORA (or Settlement Payee) and the list of Clearances that have been aggregated for this SettlementTransferNotif. The Settlement Manager also orders bank transfer to the ORA bank account for the Total Amount in the SettlementTransferNotif message and includes in the remarks the Settle ID.

2. Request for Clearance with method of payment EasyPay including commission for the Seller.

Seller has sold two services. Seller uses IATA EasyPay as Payment Method. The seller receives 10% commission for the sale. The Seller has committed the payment to ORA with payment information provided in the Order Create Request.

a) Preconditions

ORA has received AuthorisationID for the EasyPay payment. The authorization is for the NetClearanceAmount that is net of commission. Remittance and settlement are in the same currency.

b) SwO Process

  • ORA sends one Clearance to the Settlement Manager for the NetClearanceAmount agreed upon in the commitment of the agreement (i.e. the PaymentProcessingSummary in the Order). The NetClearanceAmount is CHF369 – EasyPay payment minus applicable commissions (CHF410-CHF41=CHF369)
  • The Settlement Manager acknowledges the receipt of the ClearanceRQ message with ClearanceRS message where the data element “Settlement Date” has value “Today + 1 day”. The ClearanceRS message is structured as the ClearanceRQ message, has no errors and the Clearance Status Code for the Clearance has value “Accepted”.
  • The Settlement Manager requests transfer of funds form the EasyPay vendor providing the Payer and the Authorization ID.
  • Within 24 hours the Settlement Manager receives the funds from the EasyPay vendor.
  • On Settlement Date “SD” the Settlement Manger sends SettlementTransferNotif message, that is identified with its SettleID. The SettlementTransferNotif message includes the Total Amount being settled to ORA (or Settlement Payee) and the list of Clearances that have been aggregated for this SettlementTransferNotif. The Settlement Manager also orders bank transfer to the ORA bank account for the Total Amount in the SettlementTransferNotif message and includes in the remarks the Settle ID.