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Create Payment Business Rules

1. Due Date
   • Cannot be less than the current business day
   • Cannot be a non-business day
   • Cannot be postdated more than 45 days in the future
   • Cannot be December 25th or January 1st
   • Defaults to the current date

2. Value Date
   • All Wire Payments in U.S. Dollars being sent to a beneficiary external to TD Canada Trust cannot be Value Dated on a national U.S. holiday. This includes payments in U.S. dollars between Canadian financial institutions and payments in U.S. dollars being sent anywhere in the world. This is because all U.S. Dollar Wire Payments are settled from accounts domiciled with U.S. banks. Since U.S. banks are not open on U.S. national holidays, settlement cannot occur. Any U.S. Dollar wires received with a Value Date that falls on a U.S. holiday will be adjusted so that the Value Date falls on the next business day. U.S. Dollar wires between TD accounts are not impacted by U.S. holidays.

3. Payment Amount
   • Must be numeric
   • Must be between $0.01 and $999,999,999.99
   • A foreign exchange contract rate is required if the payment amount exceeds the currency tier on the Currency Rate Table. However, you have the option of selecting Contract, even if the payment amount is less than the tier, if you have booked a foreign exchange contract rate with your TD branch.
   • Note: Authorization Limits do not restrict the creation of a payment that is greater than the Company Daily Authorization Limit or User's Daily Authorization Limit. They will, however, restrict the authorization of these payments.

4. Payment Currency/Settlement Account
   • Canadian dollar payments must be settled from a Canadian account
   • U.S. dollar payments must be settled from a US or Canadian account
   • Foreign currency payments must be settled from either an account of the same currency or a Canadian or U.S account

5. The settlement amount cannot exceed:
   • CAD$999,999,999.99 if being settled through a CAD account
   • USD$999,999,999.99 if being settled through a USD account
   • FOR999,999,999.99 if being settled through a FOREIGN account

6. The maximum number of payments that can be created in a day is 999.

7. Exchange Rates
   • The payment's exchange rate is subject to verification by TD at the time it is processed.
   • When booking a foreign exchange contract rate for a payment, inform your TD branch that you are using the Web Business Banking Wire Payments service.