Return Settlement Date Derivation
CBPRPlus
Settlement Date Derivation
- If the Original transaction Value Date is back-dated, the Settlement Date for the Return transaction is moved forward to the current date.
- The ‘Settlement Days’ value maintained in the Inbound BIC cutoff (for the Sender BIC/Transfer Currency or ALL BIC/Transfer Currency combination) is referred and the same is applied on the settlement date.
- If the derived settlement date is a Currency holiday (for debit/credit currencies), then the date is moved to the next working day of currency.
Activation Date is the Booking Date (Return Date) itself.
The derived Settlement Date is populated in the return transaction during Enrich user action. Users are allowed to change the derived Settlement Date.
Validation is done on the Settlement Date to check:
- When the settlement method of Original Transaction is Serial (i.e. INDA/INGA) the modified Settlement Date is less than the Original value date received in the incoming message.
- When the settlement method of Original Transaction is Cover (i.e. COVE) the modified Settlement Date is less than the original Cover transaction settlement date received in the incoming message.
- If the modified Settlement Date is less than the Original Value date, then Save operation is not allowed.
TARGET2
Settlement Date Derivation
- Network Holidays (PMDNWHOL) maintenance allows the user to specify the working days and holidays for the year for the payment network.
- System considers the Network Holidays (PMDNWHOL) maintenance for validating the Interbank Settlement Date.
- If the Interbank Settlement Date provided is a holiday for a network, then an error message is thrown, and the user is forced to change the Interbank Settlement date to a working date for the network.
Activation Date is the Booking Date (Return Date) itself.
The derived Settlement Date is populated in the return transaction during Enrich user action. Users are allowed to change the derived Settlement Date.
Validation is done on the Settlement Date to check:
- If the Settlement Date is less than the Original Value date, then Save operation is not allowed.
Parent topic: Outbound Return Processing