The auto-liquidation function liquidates all the outstanding components of a Bill contract on the liquidation date specified for the bill. To recall the liquidation date is calculated in the following manner:

Maturity Date = Base Date + tenor + transit days

This function will liquidate only active bills for which you have specified the liquidation method is automatic. The pertinent details of the bill with respect to tax, limits, interest and charges will be updated to indicate that the bill has been liquidated and authorized.

When running as part of the BOD process, the function automatically liquidates all the bills that have a liquidation date between the last working date and the current processing date. When running as part of EOD, the function liquidates those bills that were processed during the day and need to be liquidated as on the current day. If the next working day is a holiday, and you specified that in the branch parameters screen that holiday processing should be done upto the last working day - 1 such bill will be liquidated as part of the BOD run on the previous day.

If the option 'Verify Funds' is checked for the product, approved block amount will be fetched from ECA request which was initiated in BCAUTLIQ batch and will be proceed further.

In case of reimbursement bills, if the funds in the account are insufficient for liquidation. We will receive failure response for ECA request which was sent during BCAUTLIQ batch and LIQF event will be triggered and generates a message for the claiming bank and the issuing bank. This message needs to be configured for the LIQF event.

The system triggers the LIQF events as many times as the number specified in Auto Liquidation Retry Count in the Product Preferences screen. When LIQF event is generated for the first time, MTN99 advice message is generated to issuing and claiming banks. During subsequent attempts, the system does not generate MTN99 in issuing and claiming banks.

On successful automatic liquidation of a bill, the system generates MT202 and MT900/MT940 to the issuing banks, if this has been configured at the product level.

In the case of non-reimbursement bills, if the funds in the account are insufficient, the system does not process automatic liquidation. The system will attempt to liquidate the bill during the subsequent batches.

The bills falling due for liquidation on holiday are processed during End of Day on the last working day before the holiday.

• ECA Request Creation Batch
  
• Account Entries that are Passed
  
• Account Entries Passed for a Status Change
  
• Advices
  
• Holiday Processing
  
• Creation of Loan during Auto Liquidation
  
• Delink of CASA/CD during Auto Liquidation
  
• Delink and Utilization of FX Linkage during Auto Liquidation