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. ▪ Bank sends DGS SCV data ▪ Logius validates and send delivery conformation, (XML, MIME) – including message ID ▪ Logius pushes DGS SCV data to 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: 1. The status of the reporting obligation: “you must deliver the DGS SCV data for data delivery set <date>”. 2. The status of the delivery: “you have submitted a delivery under a reporting obligation”. This means that a single reporting obligation can have multiple deliveries in case of validation errors.

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. ▪  Bank sends DGS SCV data ▪  Logius validates and send delivery conformation, (XML, MIME) – including message ID ▪  Logius pushes DGS SCV data to 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: 1. The status of the reporting obligation: “you must deliver the DGS SCV data for data delivery set <date>”. 2. The status of the delivery: “you have submitted a delivery under a reporting obligation”. This means that a single reporting obligation can have multiple deliveries in case of validation errors.