Transaction matching application: Difference between revisions
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Revision as of 13:22, 20 June 2016
(TMA).
A transaction matching application compares submitted data with prespecified criteria (the 'baseline') and declares a match or non-match.
TMAs are used in bank payment obligations.
An example of a TMA is the SWIFTNet Trade Services Utility (TSU).
This is a matching system for trade documents designed to allow banks to provide funding at various stages throughout the physical supply chain.
