 Transactions with past settlement date will be rejected.  FIs can set not only forward date but also time frame for the processing (e.g. Date: Dec-12th 2017, Time frame: 10:00-11:00)  One business day before the settlement day, CBM-NET Phase 2 notifies FIs of the following information. credit/debit amount, netting amount, number of credit/debit instructions, designated time for settlement  Forward date transactions are, “Bank transfer (LSF)”, “Customer credit transfer (LSF)”, “DVP request”, “ACH direct credit” and “ACH direct debit”. Table 3-11 Forward Date Transaction Source: Preparatory Survey Team (2) Screen Requirement The message format for the bank transfer (LSF) is compatible with ISO 20022 pacs.009. The message format for the customer credit transfer (LSF) is compatible with ISO 20022 pacs.008. Input items on the screen are almost in line with each ISO 20022 message format. Output data can be downloaded in both PDF and XML formats. These details will be drafted in the external design phase. (3) Form Requirement The system related form will be designed by the CBM-NET Phase 2 application vendor and will be confirmed by CBM in the external design phase. 42