Groups and batches

The group and batches section is split into specific tabs, the main tab is an aggregated view with all the credit transfer groups and all the uploaded batch bookings existing in the system.
The groups and batches list provides an overview with the most important information regarding it’s data, displaying the status of the batch bookings or the number of credit transfers inside a user defined credit transfer group.

To view the details of the specific group or batch booking, the user can either go the specific tab or click on the name. Group names will redirect to a pre-filtered credit transfers page with associated transactions, batch bookings will open their own details page. (Read more on the dedicated sections below)

Credit transfer groups / User defined groups

Credit transfers group are a utility to group transactions in a custom way. The interface allows creation with custom names, and management of the user defined groups. Credit transfers can be grouped or ungrouped, by users to manage the association of the transactions and their respective groups. On the user defined groups tab users have the ability to navigate through all the credit transfer groups available in the system. Each group represents a collection of related transactions.

To view the details of a specific group, users can simply click on the name of the group. This action will provide them with a comprehensive overview of the transactions associated with that particular group.

Batch bookings

A Batch booking is a payment that allows multiple payments to be processed in a single file. It’s considered to be a bundle of payments that are all corresponding to the same conditions.
Batch bookings have the advantages of time savings, cost savings and improved reconciliation since the interface is considering one so called Summary transaction. All actions and status transitions (& reconciliation) are done on this summary transactions and are effective to all the child transactions inside the batch booking.

Upon creation, all child payments need to be from a same ordering party account, in EUR, have common requested authorisation and execution date, have same urgency and payment category. LYNKS will only disclose the exact counterparties to the users that are eligible to read the information.
More details about Batch bookings will be described in the how to section.

The batch booking tab provides a similar overview to the credit transfers list:

Batch booking details

The structure of the details view of a batch booking is very similar to the one for Credit transfers (link here). The difference between those two payment types is that the counterparties are disclosed only to the people eligible to have this detail information.

Therefore, the payment information has no specific counterparty but only the aggregated amount of counterparty accounts. In the additional details, we disclose the aggregated number of credit transfers being part of the batch booking.

Users eligible to view the detail of all the credit transfers inside a batch booking, a dedicated section is right below the additional details to summarise the payments.