Processing Re-initiation

You can 'Reinitiate' any Reject record for which Reject status is 'Unprocessed', Original transaction status is 'Processed ' and the Original transaction value date is current date. Reinitiate actions launches the PHDOTONL screen in input mode by creating a new transaction with the original transaction details.

The following fields are provided in PHDOTONL & PHDOVIEW screens:

Re-initiation flag
Originator Details (Originator Account, Name & Address)
Linked Reference

The new transaction booked can be a Prefunded transaction with Debit Account as Return GL. Re-initiation flag is checked for the new transaction and original Debtor account, Name and address details are populated as Originator Details.

You can edit the data for the following fields only:

All additional details fields
Business type and Business Category type
Customer Name and Address
Counterparty Name and Address

The authorization of the newly generated transaction is allowed only from Reject queue.

On authorization of Re-initiate action, the following accounting is passed for the Return transaction:

Event	Dr/ Cr	Account	Account Type	Amount Tag
HSCR	Dr	Intermediary GL	GL	Transfer Amount
HSCR	Cr	Return GL	GL	Transfer Amount

Return transaction status and Original transaction status are updated as 'Re-initiated'. For the original transaction, Linked Reference is updated as newly generated transaction reference.

The new Outbound transaction gets authorized and processed from initial validations. Since the Re-initiated flag is checked, while inserting the Dispatch record, Debtor details are replaced with Originator details.

Parent topic: Return of Outbound CNAPS Credit Transactions