Real Time Clearing

The Sybrin Real Time Clearing Module will provide real time push switching of single financial credit push transactions. The maximum time limited is 60 seconds for such a solution. The system is dual message capable with beneficiary account verification followed by the financial message.

The system will be operational 24/7/365 with two distinct processing windows:

• 00h00:01 – 16h00
• 16h00:01 – 00h00

The system will provide for items limits, as it does for the EFT module. System functionality includes determination and co-ordination of settlement between participating banks and provides:

• Hourly settlement.
• Settlement exposure limits per participating bank.
• Intraday exposure service.

The System will also provide the following functionality:

• MIS Reporting services.
• Query look-up (As it does for every Sybrin Module)
• And interchange billing.