Date Derivation

Instruction Date

If the Original Instruction date is given and backdated, then the system default the Host date as the Instruction Date.

System checks the Instruction date for network holidays, currency holidays (Debit / Credit). If the Instruction date falls on Network / Currency holidays, the instruction date moves forward to the Network Working date / Currency Working date.

If the Original Instruction date is not given and the Activation Date is given, then the Instruction Date is derived after the Activation Date is checked for holidays. Instruction Date is derived as Activation Date plus Dispatch Days minus working days.

Activation Date

Instruction Date minus Dispatch Days (For Same Day, Dispatch days is zero and For Standard settlement, the Settlement Days is picked up from the Network Preference) if:

System checks the Activation Date for the branch holiday/network holiday. If the date falls on a holiday, then the activation date is moved backward to the Previous Branch Working Date / Network Working Date.
If the Activation Date falls below the booking date, then the Activation Date is set to the Booking date. The branch holiday/network holiday is applied, and the activation date moves forward. The Instruction Date also moves forward by applying the Dispatch Days minus Network Working days.

Dispatch Date

The Dispatch Date is derived as Instruction Date minus Dispatch Days (Network working days).

Parent topic: Credit Outbound Transaction Processing