Multi-round processing of orders

General function

The system of multi-round processing of orders has been designed to optimize financial flow in clients’ accounts. Every payment order in CZK, in FC, collection order in CZK to KB, foreign payment or SEPA payment may be added to this multi-round processing; however, this system has been designed only for online payments or batches for which Online processing was selected.

Collection orders in CZK to other banks are not added to this system of multi-round processing.

Only online orders that could not be cleared immediately after the client’s signature due to insufficient funds or, for orders with advance due dates, those that could not be cleared immediately after they became due, can be added to this system. In such case, these uncleared payments will be marked with the “waiting” status until the next round of processing. During processing, order status is “in processing”. If sufficient funds are found in the client account during any of the rounds, the payment will be cleared and the order status will change from “in processing” to “booked”.

Clearing rules - advance due date

• If an online order with advance due date is entered, its status will be “waiting”.
• On their due dates, orders will be cleared in the following rounds:
  1. All orders in CZK, all orders in FC (without conversion), SEPA payments (without conversion) and Outgoing foreign payments (without conversion) will be booked immediately after night processing has been completed.
  2. Orders in CZK, orders in FC and Outgoing foreign payments will be booked at the start of the business day (8 am) (the first round for all conversion transactions).
  3. Orders in CZK, orders in FC, SEPA payments and Outgoing foreign payments will be cleared at 8:50 am.
  4. Orders in CZK, orders in FC, SEPA payments and Outgoing foreign payments will be cleared at 9:50 am, and the last round of clearing Outgoing “Urgent” foreign payments in HRK, HUF and PLN will be executed.
  5. Orders in CZK, orders in FC, SEPA payments, Outgoing foreign payments will be cleared at 10:50 am, and the last round of clearing Outgoing “Urgent” foreign payments in RUB will be executed.
  6. Orders in CZK, orders in FC, SEPA payments “Express” and Outgoing foreign payments will be cleared at 11:20 am.
  7. Orders in CZK, orders in FC, SEPA payments “Express” and Outgoing foreign payments will be cleared at 11:50 am.
  8. Orders in CZK, orders in FC, SEPA payments “Express” and Outgoing “Express” foreign payments will be cleared at 12:50 pm, and the last round of clearing Outgoing “Urgent” foreign payments in CHF, CZK, DKK, NOK and SEK will be executed.
  9. Orders in CZK, orders in FC, SEPA payments “Express”, Outgoing “Express” foreign payments and Outgoing “Urgent” foreign payments (payments to all banks in EUR, USD, CAD and GBP) will be cleared at 1:20 pm.
  10. Orders in CZK, orders in FC, SEPA payments “Express”, Outgoing “Express” foreign payments and will be cleared at 1:50 pm, and the last round of clearing the Express payments in CZK and SEPA payments “Urgent” and Outgoing “Urgent” foreign payments (payments to all banks in EUR, USD, CAD and GBP) will be executed.
  11. Orders in CZK, orders in FC, SEPA payments “Express” and Outgoing “Express” foreign payments will be cleared at 2:50 pm.
  12. Orders in CZK, orders in FC, SEPA payments “Express” and Outgoing “Express” foreign payments will be cleared at 3:50 pm.
  13. Orders in CZK, orders in FC, SEPA payments “Express” and Outgoing “Express” foreign payments will be cleared at 4 pm.
  14. Orders in CZK, orders in FC and will be cleared at 4:50 pm; in addition, SEPA payments “Express” (without conversion) and Outgoing “Express” foreign payments (without conversion) and the last round of clearing SEPA payments “Express” with conversion (to all banks with the exception of KB) and Outgoing “Express” foreign payments with conversion will be executed.
  15. Orders in CZK and orders in FC, SEPA payments “Express” (without conversion) and Outgoing “Express” foreign payments (without conversion) will be cleared at 5:30 pm.
  16. Orders in CZK and orders in FC, SEPA payments “Express” (without conversion) and Outgoing “Express” foreign payments (without conversion) will be cleared at 6:30 pm.
  17. Orders in CZK and orders in FC, SEPA payments “Express” (without conversion) and Outgoing “Express” foreign payments (without conversion) will be cleared at 7:30 pm.
  18. The last round of clearing orders in CZK and orders in FC, SEPA payments “Express” (all payments to KB and payments without conversion to all banks) and Outgoing “Express” foreign payments (without conversion) will be carried out at 8:20 pm.

Clearing rules - standard due date (instant)

• If funds are insufficient during the first round of processing an online order with the standard due date, its status will be set to “waiting” and the order will be automatically added to multi-round processing so it can be included in further processing rounds.
• If an order is not be booked in any of rounds due to insufficient funds, its status will be set to “waiting” and it will be processed in the next round(s).
• Only after sufficient funds were not found even in the last round of processing (rounds depend on the type of payment), will the payment be rejected and the order status will change from “in processing” to “rejected”.

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