1. Instruments & Clearing User Guide
  2. Instrument Clearing
  3. Clearing Transactions
  4. Outbound Clearing Transaction Float Extension
  5. Float Extension Value Date Derivation & Accounting

Float Extension Value Date Derivation & Accounting

New credit value date and Debit value date are derived by adding the float extension days counted as Network working day to the existing dates.

For example, existing credit Value Date is 1st Dec 2021 and float extension is 1 and 2nd Dec 2021 is a Holiday.

New Credit Value Date derived will be 3rd Dec 2021.
  • The original accounting entries are reversed with negative amounts and new accounting is posted with the same transaction Reference & extended Debit Value Date and Credit Value Date.

Parent topic: Outbound Clearing Transaction Float Extension