Post by Admin on Aug 29, 2018 17:25:51 GMT
Institutions may use form T to initiate a transaction (settlement) between one another. You may list one or more transactions, and you can be the one receiving funds as well as the one sending funds in your transactions. Your Form T post is simply a public announcement of a transaction. The Central Bank Authority will credit the transaction as soon as possible after your Form T has been posted. In order to do so, simply make a new post on this board and list all of the transactions which you are entering in the format provided below. Please ensure the title of your post is the day's date.
[4-Digit Institution Paying] : [4-Digit Institution Receiving] ¤ [Amount]
An example of this format is available below:
0440 : 0501 ¤ 30
Which says: Member Bank #0440 pays Member Bank #0501 thirty credits.
The Central Bank Authority will mark all completed transactions with a check-mark "✓".
[4-Digit Institution Paying] : [4-Digit Institution Receiving] ¤ [Amount]
An example of this format is available below:
0440 : 0501 ¤ 30
Which says: Member Bank #0440 pays Member Bank #0501 thirty credits.
The Central Bank Authority will mark all completed transactions with a check-mark "✓".