I know this goes way back but we are trying to revise our ACH Origination Agreement- in the ACH Operating Guidelines under Appendix C it suggests the Agreement should cover : the terms & conditions for the allocation of gains & losses for foreign exchange conversion and secondly the rights and responsibilities of the ODFI in the event of an erroneous entry.

Trying to determine if these are necessary in our Originator Agreement... we do permit incoming IAT but no originations of IAT's.. so at best might agree with the second item.

Your help would be appreciated.