💲Gross settlement

Settlements between participating banks are conducted on a gross basis.

To ensure such settlements, the DCM platform generates and sends to all participating banks a gross settlement register (gross_settlement_register) of mutual obligations between banks according to the following principles:

• gross settlement registers are sent to both the initiating and receiving banks

• gross settlement registers are generated for each bank, even if no settlements occurred during the reporting period, reflecting the corresponding settlement amount (including zero amounts).

• gross settlement registers are formed and sent to participating banks once a day at 00:01

Methods of receiving gross settlement register

• Email

  The DCM platform automatically sends consolidated registers to the email address specified during the integration process in the "Bank Information" section of the Integration Plan.

The file name of the register assists in categorization:

- The letter “O” indicates a register where the Initiating Bank and the Receiving Bank are the same institution.

- The letter “I” indicates a register where the Initiating Bank and the Receiving Bank are different institutions.

The email includes a notification about the creation of the registers and a link to access them.

• API

The DCM platform sends a “Gross Settlement” Callback to notify banks about the creation of a new gross settlement register.

Each participating bank can request registers using the following methods:

1. GET/gross_settlement_list - returns a list of all registers where the bank is the Initiating Bank, generated by the DCM platform, in chronological order from the current date to the very first register.

2. GET/gross_settlement_by_id - provides detailed information about a specific gross settlement register.

Upon receipt of the consolidated register, the Initiating Bank shall pay the Receiving Bank, informing the DCM platform of the payment.

For Interbank Settlements:

1. Notification about the payment via SEP - POST/gross_settlement_pay

2. Notification of successful payment via SEP - POST/gross_settlement_confirm

For Internal Bank Settlements:

1. Informing about the successful transfer of funds to the Merchant -POST/gross_settlement_confirm_internal