Each financial instruction represents a rolled-up view of one or more instruction line items (ILIs). 'Rolling up' is the process of amalgamating a number of ILIs of the same category, status, deliveryMethod, currencyType, caseNomineeID and concernRoleID in order to create one financial instruction.

The resultant type of the financial instruction depends on the category of its constituent ILIs. ILIs are rolled-up to create either payments or liabilities, depending on the ILIs' category, to be issued to particular participants or case nominees.

A rolled-up financial instruction generates a payment instruction or liability instruction (depending on the financial instruction type), which in turn is used in the issuing of payment instruments and liability instruments.

Rolling up prevents multiple payments/liabilities and financial advice notices being issued for every product component payable/billable to a participant or case nominee.

Example

When a utility company is being paid, creating a payment for every utility deduction created on a participant or case nominee account is not desirable as this would result in multiple checks being issued.

The utility is only interested in receiving a check for the total amount deducted from one or more accounts over a certain period of time.