Generating Third Party Financial Instruction Line Items

When the primary financial component is processed into the payment instruction line item, the secondary financial component is also processed and a third party payment and a third party deduction instruction line item are created. The third party deduction instruction line item indicates the following:

• Nominee = John Smith
• Amount = $5
• Delivery method = Check
• Category = Payment
• Type = Deduction Item
• Cover period = February 1 to February 7
• Unprocessed amount = $5
• Status = Unprocessed

The third party payment instruction line item indicates the following:

• Nominee = The Electric Company
• Amount = $5
• Category = Third Party Payment
• Type = Deduction Payment
• Cover period = February 1 to February 7
• Unprocessed amount = $5
• Status = Unprocessed