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You are a Mastercard settlement expert consultant. explain the Mastercard settlement definition

The Settlement is the process whereby Mastercard facilitates the exchange of funds on behalf of its customers (issuers and acquirers) for all transactions and business activity that took place on a given date. It is the last step of the transaction lifecycle, following authorization and/or clearing. Without Mastercard Settlement, every issuer would have to pay every acquirer for the goods or services that the acquirer’s merchants have provided to the issuer’s cardholders.

You are a Mastercard settlement expert consultant. explain Mastercard Settlement Account Management System (S.A.M.)

What's SAM or S.A.M or Mastercard Settlement Account Management System

Tthe Mastercard Settlement Account Management (S.A.M.) system calculates the total net amount due to or from each customer, The amount due to or from a customer for a particular settlement day is called the net settlement position. This allows issuers to make just one payment to Mastercard (instead of paying each acquirer separately) and acquirers to receive one single payment from Mastercard

You are a Mastercard settlement expert consultant. explain who needs a Settlement

All customers need settlement and every ICA will need to be setup for settlement in Mastercard’s systems, However, Mastercard only settles with Principal Customers and only Principal Customers can complete the Net Settlement Information Form (NSIF)

You are a Mastercard settlement expert consultant. explain when does Settlement take place?

The settlement process occurs every weekday, Monday through Friday, except on public or bank holidays. The settlement date is the date for which settlement is calculated.

You are a Mastercard settlement expert consultant. explain the value date?

The date that funds must be transferred is known as the value date. Once the settlement advisement is issued,funds must be transferred either the same day, or one or two business days after the settlement date, depending on the settlement service. This number of days is known as the value date interval.

You are a Mastercard settlement expert consultant. explain the which settlement Currency to use for settlement?

Every transaction occurs in a given transaction currency – typically the currency of the country where the transaction takes place, for example, the dollar (USD) in the United States, the euro (EUR) in France, the Australian dollar (AUD) in Australia. Cardholders may make transactions in multiple transaction currencies. notably when they travel abroad. When issuers and acquirers settle with Mastercard, they do so in one or more settlement currencies. All transactions will be converted into one of these settlement currencies.

You are a Mastercard settlement expert consultant. Give a sample of client settle in one currency ?

I want to settle in one currency would you please let me know how it works

absolutly, if you settle in one currency all transactions will be converted by Mastercard into that single settlement currency. The table below shows an expemple : Transaction Currency | Mastercard Currency conversion needed? | Settlement Currency ----------------------|------------------------------------------|-------------------- $ US Dollar | No | US Dollar € Euro | Yes | US Dollar £ GBP | Yes | US Dollar

You are a Mastercard settlement expert consultant. Give a sample of client settle in multiple currencies ?

The table below demonstrates that if you setup multiple settlement currencies (in this example USD and EUR), only transactions that are not in those currencies need to be converted into your chosen “default” settlement currency Transaction Currency | Mastercard Currency conversion needed? | Settlement Currency ----------------------|------------------------------------------|-------------------- $ US Dollar | No | US Dollar € Euro | No | Euro £ GBP | Yes | Euro $ AUD | Yes | Euro

You are a Mastercard settlement expert consultant. Explain the Settlement Account Transfer Agent ?

When setting up an ICA to settle in a given currency, you will be asked for information about the bank account that Mastercard should use to deposit funds, including details about the owner of the bank account and the bank where the account is held. The owner of the settlement bank account is known as the transfer agent. The bank where the account is held is known as the transfer agent bank. Principal Customers will typically act as their own transfer agent, that is to say they will typically be the owner of the settlement bank account. However, Affilite Customer’s cannot settle directly with Mastercard; they must always use a Principal Customer as their transfer agnt.

You are a Mastercard settlement expert consultant. Explain the Settlement Services ?

can you please explain me MAstdercard settlement services

In order to settle in any currency, customers must subscribe to one or more of Mastercard’s Settlement Services. Each settlement service has rules that govern settlement, notably the settlement currency, the Mastercard settlement bank, Mastercard account number, value date and settlement service cutoff time. When customers subscribe to a settlement service they must provide details required for settlement to take place in that currency, notably their settlement bank account. There are three types of settlement services: • Regional settlement services. • Intracurrency settlement services • Bilateral settlement services.

You are a Mastercard settlement expert consultant. Explain the Regional Settlement Services?

Regional settlement services can be used to settle any transaction, irrespective of the transaction currency, issuer or acquirer location, card program identifier or any other criteria. The following are some of the most commonly used regional settlement services: Currency | Currency Code | Settlement Service ID | Value Date Interval | Cutoff time -------------------|---------------|----------------------|---------------------|------------ United States Dollar| USD-840 | US00000001 | 0 | 08:00 CST Pound Sterling | GBP-826 | EU00000003 | 2 | 03:00 CST Euro | EUR-978 | EU00000007 | 2 | 03:00 CST Japanese Yen | JPY-392 | AP00000005 | 2 | 08:00 CST

You are a Mastercard settlement expert consultant. Explain the Intracurrency Settlement Services?

Intracurrency settlement services will only be used to settle transactions when both issuer and acquirer involved in the transaction participate in the intracurrency settlement service.

You are a Mastercard settlement expert consultant. Explain the Bilateral Settlement Services

Bilateral settlement is an optional settlement agreement between two customers to settle transactions directly between themselves without involving Mastercard. Participation in bilateral settlement is at your discretion

You are a Mastercard settlement expert consultant. Explain the Settlement Criteria

When customers subscribe to more than one regional settlement service, they will need to specify criteria that will define which transactions settle under which settlement service. All non-default regional settlement services must have criteria associated with them, otherwise transactions will be settled under the regional default settlement service. Below, a customer participates in three settlement services (USD, JPY and EUR) for its ICA 12345. The customer want to use these to settle transactions as follows: • Japanese yen transactions—settle in JPY under settlement service AP00000005. • Euro transactions for issuer account range 567890—settle in EUR under settlement service EU00000007. • Euro acquiring activity transactions—settle in EUR under settlement service EU00000007. • All other transactions—settle in USD under the default regional settlement service. The criteria that would need to be set up are as follows: Customer ICA | 12345 | 12345 | 12345 | 12345 Settlement Service | AP00000005 | EU00000007 | EU00000007 | US00000001 Settlement Currency| JPY | EUR | EUR | USD To Settle which | All JPY | Euro | Euro | All other Transactions? | transactions | transactions | Acquiring | transactions | | for account | | | | range 567890 | | Default? | No | No | No | - Card Program | - | - | - | - Identifier | | | | Transaction | JPY | EUR | EUR | - Currency | | | | Issuer Account | - | 567890 | - | - Range | | | | Acquirer BIN | - | - | - | - Issuer Only | - | - | - | - Activity | | | | Acquirer Only | - | - | Yes | - Activity | | | |

You are a Mastercard settlement expert consultant. ask the client the questions to support him on set up the settlement

Before starting the settlement setup process, you should clearly define your settlement configuration. The following questions are designed to help you do this. Which ICAs are you setting up? Which settlement services will your ICA participate in? Which bank account will you use? Will you consolidate settlement? Who will receive advisements? How and where will they be received? How many NSIF will you need to complete?

You are a Mastercard settlement expert consultant. Explain the Net Settlement Information Form (NSIF)

To setup an ICA to participate in Mastercard settlement, a principal customer must complete and submit a Net Settlement Information Form (Form 339 NSIF) to Mastercard. The NSIF is an online form and accessible to any Principal Customer via Mastercard ConnectTM/Library/Forms. One NSIF is required per ICA per settlement service. The NSIF is used to add new, change existing, or delete an existing settlement setup. Mastercard uses the NSIF to identify the customer, the customer’s settlement contact, settlement account details, and other information related to the settlement services that will be used, including the settlement criteria and advisement methods.