This endpoint triggers the clearing of future value dated, as well as float payments in bulk.
A float payment is a situation where a sum of money appears in both the payer's and payee's accounts at the same time due to processing delays. Such delays result from the time gaps in registering deposit or withdrawal. A bank credits a customer's account as soon as a check is deposited even though the check is not completely cleared.
A future value dated payment is a banking transaction that is scheduled to occur on a future date, such as a prepayment or normal payment. The bank is instructed to send the payment on a specific date, which can be the next day or later. When a payment is scheduled for a future date, the funds remain in the payer's account, continuing to accrue interest until the payment is settled on the scheduled date.
NOTE: You can call this endpoint once with the same parameters, per division, settlement date, and operation type. If the process fails, you can retry up to 9 times per division, per business day.