Settlement Statement Summary

[jgusew]

Just in regards to the settlement statement. The statement does not show us or get us to sign off on destination line items that the bank or the other side added.

For example, water and rates - If the other side added them - the settlement statement does not get us to sign off on it. Another example, we put in all our destination line items and the bank puts in theirs. It doesnt show everything on the statement - it only shows the ones that we put in.

Basically it is just not sitting well that we sign off to proceed but do not have control in deciding whether to proceed on all the destination line items, we figured the settlement statement would contain all destinations. 

[Marty · Accepted solution]

Hi @jgusew,

The idea behind the current approach is that you should only have to sign off on your destination line items. We didn't want changes in other participants' line items causing your Settlement Statement to be unsigned.

The definition of "your" line items was simply ones that you created.

But we acknowledge that this approach is too simplistic. We now realise that some destinations added by others should also fall into your Settlement Statement, as per your examples.

We'll look into changes we can make in this area.

Thanks,

Marty