Payout Schedule

Overview

What does Payout Schedule mean?

A payout schedule defines the planned dates, frequency, cutoffs, calendars, and eligibility rules for generating or executing outgoing transfers.

How it works in practice

A payout schedule defines when approved obligations are released, such as daily at a cutoff, weekly on a named day, or after a service event. It can depend on available balance, minimum amount, risk holds and settlement confirmation. A scheduler should create uniquely identified payout jobs and check prior execution state before retrying. Each job needs an unambiguous time zone, eligible invoice period, fee policy and handling rule for weekends, holidays or network outages.

Further operational details

The workflow should retain the beneficiary, source balance, destination, asset or currency, network or rail, gross amount, fees, approvals, external reference, and final delivery status. For Payout Schedule, this point supports the definition's focus on payout schedule defines the planned dates, frequency, cutoffs, calendars, and eligibility rules for generating or executing outgoing transfers.

Important failure modes include wrong destinations, duplicate execution, insufficient funding, bypassed approvals, unsupported routes, fee surprises, delayed returns, and submission being mistaken for receipt. For Payout Schedule, this point supports the definition's focus on payout schedule defines the planned dates, frequency, cutoffs, calendars, and eligibility rules for generating or executing outgoing transfers.

Limits and common misunderstandings

A schedule is not a guarantee of blockchain finality or exact arrival time. If a scheduler restarts around midnight, it must not create duplicate payouts, and a stalled earlier payout must remain visible rather than be silently replaced by the next cycle.

Related glossary terms

Payout; Payout Request; Intraday Liquidity