1. Cross Border User Guide
  2. Cross Border Outbound Transactions
  3. Outbound Transaction Processing
  4. Date Derivation

Date Derivation

Interbank Settlement Date Derivation

- To derive Interbank Settlement Date, the system checks the holiday calendar of Debit account currency (if it is different from the payment currency) and Credit account currency (if it is different from the payment currency) on the Instruction Date.

Activation Date Derivation

- To derive the Activation date for an outbound transaction, subtract Max (Settlement Days, Debit Float Days) from Interbank Settlement Date.

Debit Value & Credit Value Dates Derivation
  • The Debit value date is resolved as activation date if there are no Debit Float Days maintained or Debit Float Days value is defined as Zero in Processing cutoff maintenance (PMDCTOFF) for the Source, Customer and Customer service model combination.
  • If “Debit Float Days” is maintained, then the Debit Value date is resolved by adding Activation Date and Debit Float Days (working days).
  • Credit Value Date is resolved as ‘Activation Date’.

Parent topic: Outbound Transaction Processing