1. Generic Wires ISO User Guide
  2. Generic Wires ISO Inbound Interbank Customer Credit Transfer Initiation (pain.001)
  3. Transaction Processing
  4. Date Derivation / Validation

Date Derivation / Validation

  • After resolving the Outbound Network/payment type, the activation date derivation is done based on the Requested Execution Date under Payment Information node, Transfer Currency, Transfer Amount, Customer Number, Debit Account Currency, Resolved Network, Resolved Network Type.
  • The final Instruction Date / Activation Date is resolved by applying the Outbound transaction value date/activation date resolution as done for the respective outbound network type.
  • After resolving the activation date, the activation date is compared against the current processing branch date. If the activation is more than the current processing date, the transaction marked as a Future Valued transaction.

Parent topic: Transaction Processing