Article 17 Payment orders submitted in advance

Payment orders may be submitted up to five business days before the specified settlement date (warehoused payment orders).

Warehoused payment orders shall be accepted and entered into the entry disposition on the date specified by the instructing participant at the start of daytime processing, as referred to in Appendix V. They shall be placed in front of payment orders of the same priority.

Articles 13(3), 20(2) and 23(1)(a) shall apply mutatis mutandis to warehoused payment orders.