Once the this check box is selected, systematically the
Confirmed
to Auto check box is cleared and disabled. Even though if the
Confirmed to Auto check box is selected for a
transaction before it is held, once you select
Hold
Transaction check box, the
Confirmed to
Auto check box is cleared and disabled systematically.
The
system performs the below validations when you select Hold
Transaction check box and save the record.
- The liquidation mode of the underlying drawdown contract should be
Semi Auto.
- The payment message should have been generated for any of the below
events.
- Future dated rollover with increase (VAMI) where system has
generated the payment message as part of PMSG event.
- Liquidation (LIQD) which can be either manual or auto
liquidation. The payments can either be future dated or current
dated and scheduled payments or prepayments.
- If the above validations are failed, appropriate error messages
appears.
Once the record is saved and authorized, the payment message is put on
hold and it is not released from the system. No changes is done as part of
rollover processing/VAMI and rollovers are processed on the respective dates
irrespective of whether the payments are held/un-held. All accounting
entries are passed on the relevant value date and not when the payments are
un-held/released.
Liquidation (LIQD) is not processed for the contracts
during EOD batch on the schedule date if the payment message for the associated
event is held. All accounting entries are passed on the relevant value date
online if the current application date is lesser than the schedule date. If the
current application date is greater than the schedule date, then the accounting
entries are posted during the EOD batch on the schedule date.
You are not
allowed to hold messages generated for any other events than liquidation
(LIQD), and future dated rollover with increase (VAMI). The Hold
Transaction check box is enabled for current dated payments
where the message generation has happened before the current date. If both
the message and payment generation happened on the current date, the system
does not allow you to hold such messages. Appropriate error messages are
displayed.
If the payment messages generated for future dated
VAMI/LIQD/rollover with increase is placed on hold,
- System does not stop the processing of rollovers. Only the payment
message generation (either manual or batch) for rollovers is put on hold
systematically in the FP browser.
Note:
In case of future dated rollover
with increase, VAMB/VAMI events are triggered on the value date and
there are no blocks on these events. However, the payment message is
generated as part of PMSG are blocked systematically.
- System stops the processing of VAMI or any further manual or auto
payments and the corresponding payment messages generation in the FP
browser systematically.
Currently if any fee payment is being held in FP browser, the system does
not stop the processing of any drawdown events and the same continues to
exist.
Changes are done to stop the archival of the payment messages which
are held in the FP browser. Archival is done on the EOD once the payment
messages are un-held in the FP browser.
You are allowed to hold / un-hold
the reverse MT103 payment messages generated as part of payment liquidation as
well.
