This business sector is used to register mass check presentations of a customer (presenter) requesting immediate transfer of funds to the relevant current account and to generate a remittance to the collecting bank.
The normal processing of checks is done in two steps: check presentation and generation of a remittance.
Check presentations group homogeneous checks, i.e. checks that are in the same currency and which all have the same check route. A separate contract is captured for each presentation, with the individual checks being stored in a check pool.
This pool collects similar checks in order to combine them into one remittance when generating the outgoing remittance to the collecting bank.
The MyModelbank contains several contracts at various stages of processing which provide examples of the contingent variations. The relevant transactions have then been processed in full to illustrate the methods of working with the application. The list of contracts and processed transactions can be found in the chapter 'Contracts and Transactions'. These examples have been written with the standard version of the application. Due to the fact that customer-specific adjustments may have been carried out, real results can vary from those provided by the MyModelbank.
The different ways of working with the individual transactions are described in the user documentation of the application.