Settlement Completion And Confirmation Letter

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NCI adheres to the following requirement for an account settlement with respect to letters only on AMEX BAU accounts.

Single Payment Settlement

    • Systematically triggers the settlement completion closure code to AMEX on the 16th day from the settlement payment received date.
    • For New York (NY) states accounts, the completion letter (A68) is systemically triggered on the 5th day from the settlement payment received date.
    • For Non – NY state accounts, the completion letter (A68) is systemically triggered on the 18th day from the settlement payment received date.

 

Multi Payment Settlement

    • For all states systemically triggers the settlement confirmation letter on the receipt of the first payment towards the settlement on the account.
    • For NY state accounts, the completion letter (A68) is systemically sent out on the 18th day from the last payment received date towards the settlement
    • For Non – NY state accounts settlement completion letter (A68) is sent out only when the customer requests for it after the account is sesttled post the last payment received.

Note: The settlement completion and confirmation letter requirement only applies to AMEX BAU and no AMEX iCollect.


 

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