Payments

•	Payments in KTP are totally integrated and fully rely on workflow settings.
•	They are automatically taken into account during the maturity processing.
•	Once an event has been validated, corresponding payments will immediately be taken care of and proper information will be ready for confirmations - for cash and security accounting.
•	Based on pre-configured business rules, KTP is able to direct cash and security flows to the right accounts.
•	Automated settlement feature of KTP is built upon an extensive user defined rule based parameter feature consisting of different levels of payment and correspondent breakdowns.

Deliveries
Pre-defined rules at event level enable KTP to define a default cash settlement or delivery method. KTP further supports isolated delivery input including automated import from an external system.
To provide for maximum flexibility, the associated accounting schemes can be configured through the rules engine.

Confirmations
The system is able to send outward confirmations including the following delivery channels:

• FAX
• E-mail
• SWIFT
• Physical Mail (i.e. ability to produce printed confirmation)

Confirmations are based on files to print or to run.

Files to run allow the integration of business rules and are a convenient way for generating native messages including SWIFT™. The flexibility of KTP makes it very easy to generate any kind of SWIFT™ message that may be released in the future.

Generation of confirmations may be tailored based on business rules including the status of the transaction - such as pre-validated, back- validated, etc.

Access to individual confirmations is available, if required, at any point in time.

Counter confirmation feature is also available.