For Value Date, Network Holiday and Debit /Credit currency holiday checks are applicable. If Value Date is a holiday it is moved forward.

For Activation date both Network Holidays and Branch holidays are considered. If Activation date is a holiday, move it backward.

The Derivation logic covers the steps for arriving at the Cutoff Time Type and the Dispatch cycle applicable.

Since the Batch cutoff time maintained is in Network Time Zone, it is converted to Host Time Zone while doing the Cutoff time validation. The Cutoff time displayed in the Exception Queues are in Host Time Zone.

The cutoff time is populated in EAC request in UTC.

If the Batch is received post Batch cutoff time (based on the Cutoff time type derived), system rollover the dates at the time of Date derivation itself. If Activation Date is future, Consol Batch is marked as Future Dated.

The Holiday checks applicable for the Value Date and Activation Date is applied.

Staging of the batch to a process cutoff queue is done for current dated batches received after cutoff time maintained in Process cutoff Maintenance (Function ID PMDCTOFF).This is optional.