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Q:

What are Future value advices?

A:

Future Value advices are created for payments (debit or credit) that have been received by the Bank but will debit or credit the account in the future.

  • Future value debit advices will be generated for debit payments submitted to the Bank with a debit value date greater than today. When the payment has been debited from your account a payment Debit Advice will be created.
  • Future value credit advices will be generated for incoming payments that have a credit value date greater than today. Once the incoming payment is received by the bank a Credit Advice will be created.
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