With release 21.3 of the Enhanced and Simplified Distribution Standard it is possible to exchange clearance information during shopping and to agree upon and digitally sign the Clearance Data at the time of payment commitment.
1. Clearance Criteria
This common type is used by the retailer to communicate preference for using the SwO Standard for clearance reporting with or without a specific remittance date. ”Clearance Criteria” supplies information about preference for given clearance process and reporting standard at the time of requesting an offer or additional information about an offer, an item, or an order. It is part of the “Payment Method Criteria”, and it is relevant whenever the method of payment will require clearance of funds between the partners of the sale.
2. Clearance Methods
This common type provides the clearance options with their supporting information proposed by the supplier for a given offer when using the SwO Standard for clearance reporting. "Clearance Methods” supplies the methods available to clear a payment. It is part of the “Payment Supported Method”, and it is relevant whenever the method of payment will require clearance of funds between the partners of the sale. Includes the Commission data to allow the supplier to support choices that are in line with its payment policy. Optionally, the supplier could provide the Net Clearance Amount based on the available data in the offer and the given clearance process as per the Process Rule Code. It shall be noted that the Net Clearance Amount would be more relevant at the time of selecting an offer to be priced or at the time when the order is created.
3. Clearance Data
This is an agreed upon set of data that delivers all that is necessary for a clearance of funds to take place when using the SwO Standard for clearance reporting.
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