International Transfer Using a Treasury Deal Rate – Next Gen CIB (iBusiness Web Portal) Print

Overview

This guide provides step-by-step instructions for making an International Transfer using a Treasury Deal Rate through the iBusiness Web Portal.

This option allows you to use a pre-booked Treasury Deal Rate when processing an international payment, helping you settle the transaction at the agreed foreign exchange rate.

Step 1: Navigate to International Transfers

1. Log in to iBusiness.
2. Navigate to: Navigate to: Payment & Transfers ➜ Transfers ➜ Initiate Transfer

1. Select: Single Transfer ➜ International Transfer

Step 2: Select or Add a Beneficiary

Existing Beneficiary

1. Click Search Beneficiary.
2. Use the search function to locate the required beneficiary.
3. Select the beneficiary from the list.

New Beneficiary

If the beneficiary has not been registered, you can create a new beneficiary during the transfer process.

Individual beneficiary details

Company beneficiary details

Step 3: Enter Transfer Details

Complete all required payment information.

Account Information

• Debit Account – The account from which the funds will be debited.
• Charges Account – The account that will be used to pay any applicable transfer charges.

Transfer Information

• Transfer Amount – The amount to be transferred.
• Currency – The currency in which the payment will be made.
• Customer Reference Number – Internal reference for your records and reconciliation.
• Payment Date – The date on which the transfer will be processed.
• Purpose of Payment – The reason for the transfer, as required for regulatory and compliance purposes.
• Payment Details – Additional payment information or remarks that may be visible to the beneficiary.

Transfer Charges

Select the applicable charging method:

• OUR – Sender pays all charges.
• BEN – Beneficiary pays all charges.
• SHA – Charges are shared between the sender and beneficiary.

Step 4: Select the Treasury Deal Rate

1. Click the Deal No. drop-down list.
2. Select the applicable Treasury Deal from the available deals linked to your account.
3. Verify that the selected deal matches:
   • The transfer currency
   • The transfer amount
   • The agreed FX deal details
4. Once all details have been completed, click Continue.

Important: Ensure you select the correct Treasury Deal Number. The deal must be valid and available for the selected currency and transaction amount.

Step 5: Review and Submit

1. Review all transfer details carefully, including:
   • Beneficiary details
   • Beneficiary bank details
   • Transfer amount
   • Currency
   • Treasury Deal Number
   • Charges
   • Payment purpose and details
2. Accept the Terms and Conditions.
3. Click Submit.

Note: The cut-off time for International Payments

To view the cut-off times, click on the link below to see the complete table of cut-off times. Transfers received after cut-off times will be processed on the next business day.

Note: The cut-off time for International Payments

Step 6: Authenticate the Request

Complete authentication using one of the following methods:

iBusiness App Authentication

• A notification will be sent to the registered iBusiness Mobile App.
• Review the transaction details.
• Approve the request using biometric or device authentication.

Google Authenticator

• Open the Google Authenticator application.
• Enter the generated One-Time Password (OTP).

Once authentication is successful, the transaction will be submitted for processing.

Step 7: Approval (If Maker–Checker is Enabled)

If a Maker–Checker setup is configured:

1. The request is routed to a Checker/Approver.
2. The Approver must:
   • Log in to iBusiness
   • Navigate to Transactions Hub ➜ Pending Your Authorizations
3. Locate the transaction under: International Transfer
4. Review the request and select: Approve or Reject

Support Notes / Best Practices

• Ensure the selected Treasury Deal Number matches the transfer currency and payment requirements. 
• Verify all beneficiary information, including the account number, IBAN, and SWIFT/BIC code. 
• Confirm sufficient funds are available in the selected debit account. 
• Review applicable cut-off times when sending urgent international payments. 
• Retain the generated reference number for future tracking, reconciliation, and support enquiries. 
• Ensure all required approvals are completed before the payment cut-off time to avoid processing delays.