Processing Transactions with Daily Limits

Once we receive your transaction file, we will:

1. Validate your payments.
   1. If they are VALID, we will assign a select date and a value date based on the payment due dates.
   2. Payments with different due dates are separated and processed in batches.
2. Verify if there is sufficient Daily Limit available to process these payments.

When we evaluate your available Daily Limit capacity we consider:

• Previously accepted and stored transactions that are already scheduled for delivery
• Transactions that we would have delivered before that date, but are unpaid to RBC

When your Daily Limit is exceeded, the entire block of payments will be stored in our Pending Database with a status of “I” for 3 business days, starting on the due date or value date of the payments. If no action is taken on this block of payments, they will be dropped and reported on your Payments Activity Report at the end of the 3 business days.

If you have payments dated for 10 days in the future that exceeds your Daily Limit, we will store these payments for 9 calendar days plus the 3 business days, starting on the value date of the payments. If no action is taken on this block of payments, they will be dropped and reported on your Payments Activity Report at the end of that time frame.