What is required from the financial institution regarding the payment to the seller after performance certification?

The correct answer indicates that payment must be made within 15 days of the financial institution receiving the performance certification. This requirement provides a structured timeline that ensures the seller is compensated in a reasonable and predictable manner following the completion of their obligations. It reflects the understanding that performance certification acts as an acknowledgment that the seller has met the necessary conditions for payment. Timely payment also helps maintain trust and good business relationships between the seller and the financial institution, enabling smoother transactions in the financial sector.

The other options do not align with the stipulations commonly recognized in such regulatory frameworks. For instance, immediate payment upon request does not allow for an administrative review period that might be necessary for verifying that the performance conditions have indeed been satisfied. Similarly, a settlement period of only 5 days may be too short, as it may not provide adequate time for the financial institution to process the certification and complete the necessary formalities. Finally, initiating payment only after the seller incurs expenses does not address the timely compensation principle and could lead to delays and disputes regarding payment obligations. Thus, the 15-day requirement aligns well with typical industry standards for processing such certifications.