Common use of Process and statuses Clause in Contracts

Process and statuses. It’s important to distinguish between (1) the reception, validation, feedback and delivery of the DGS SCV data exchange by Logius and (2) the subsequent process of reception, validation and feedback of the DGS SCV data exchange by DNB. Ad 1) reception, validation, feedback and delivery by Logius  Bank sends DGS SCV data  Logius validates and send delivery conformation, (XML, MIME) – including message ID  Logius pushes DGS SCV data to DNB Ad 2) reception, validation and feedback by DNB When Logius sent DNB a delivery notification of the data exchange, communications relating to the status of a delivery can at all times be consulted in DNB’s DLR. There are two types of statuses:

Process and statuses. It’s important to distinguish between (1) the reception, validation, feedback and delivery of the DGS SCV data exchange by Logius and (2) the subsequent process of reception, validation and feedback of the DGS SCV data exchange by DNB. Ad 1) reception, validation, feedback and delivery by Logius  ▪ Bank sends DGS SCV data  ▪ Logius validates and send delivery conformation, (XML, MIME) – including message ID  ▪ Logius pushes DGS SCV data to DNB Ad 2) reception, validation and feedback by DNB When Logius sent DNB a delivery notification of the data exchange, communications relating to the status of a delivery can at all times be consulted in DNB’s DLR. There are two types of statuses: