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Payment Procedure

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Created by Sheikh A on 2011-04-13 02:11:08 Back to Topics

Payment Procedure

What is the payment Procedure of SIS and Reporting FORM 3 of ICH.
 
Regards,
Asif
Replied by Ashley H on 2011-04-18 11:10:39

Dear Asif,

 

Your question is a little unclear, but SIS will allow you to create invoices both for ICH settlement or bilateral settlement. If for bilateral settlement, your invoice is presented to the customer by SIS, and the customer will have to settle to you directly using banking channels or whatever process you have agreed. Your bank account details for bilateral settlement will be stored in SIS and can be included in the SIS invoice for their convenience.

 

If the settlement indicator has been set to ICH, the details will be routed to the ICH, and the credit will be included in your Form 3. Settlement will be on Call Day as per the ICH calendar. If this was not what you asked, please clarify further.

 

Kind regards

 

From: ASIF Sheikh [mailto:upliftoff@shaheenair.com]
Posted At: Wednesday, April 13, 2011 2:11 AM
Posted To: SIS Forums - Other Topics
Conversation: Payment Procedure
Subject: Payment Procedure

 

What is the payment Procedure of SIS and Reporting FORM 3 of ICH.

 

Regards,

Asif

 
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