Source: Preparatory Survey Team Figure 3-17 Example of maximum transfer amount and sender net debit cap (D) ACH direct credit 1) Business Requirements  ACH implements the direct credit function and enables FIs to exchange interbank payment instructions for direct credit.  Once the sender bank receives payroll data from companies or public organizations, the sender bank extracts interbank direct credit data from them and sends the data to ACH.  ACH checks the sender net debit cap, and if applicable, sorts the data by receiving banks and sends them to each receiving bank. Receiving banks credit, the payroll into the payee’s a/cs. 2) Functions  The message formats of payment instructions received from sender banks and sent to receiving banks are compatible with pacs.008 of ISO 20022.  The sender net debit cap is set up by CBM preliminarily. Settlement is conducted on the RTGS a/c in DTNS mode a few times a day.  ACH will accept forward-dating payment instructions. 47