ORM Creation for cross border Payments made towards Import of Services
❖ ORM to be created for Outward service payments processed in the regulatory mandated format – Based on the data provide by the CMO ops of theBank
❖ Validating the IDF input as per format prior to upload – Exact SOW to be agreed with the Bank
❖ Handling rejections/errors as per system as well as RBI portal- Exact SOW to be agreed with the Bank
❑ IRM Creation for cross border Payments received towards Import of Services
❖ IRM to be created for Inward service payments processed in the regulatory mandated format – Based on the data provide by the CMO ops of the Bank
❖ Validating the EDF input as per format prior to upload – Exact SOW to be agreed with the Bank
❖ Handling rejections/errors as per system as well as RBI portal- Exact SOW to be agreed with the Bank❑Settlement of E-IDF against export and Imports bills respectively as per regulatory mandated format.
❖ Creation and settlement of Domestic credits received through third bank vostro accounts based on customer requests.
❖ Validation of Invoice Details viz; Date, Amount, currency etc vis-à-vis Inward an outward amount for Service Export and Import respectively
❖ Validation of Remitter and Beneficiary names Inward an outward amount for Service Export and Import respectively
❖ Highlighting and seeking clarification in the event of discrepancies❖ Handling of rejections and respective resolution❖ Tracking and distribution of CPC wise rejection queue.