5.21.3.2 UnHold Transaction Processing

1. You are allowed to un-hold the payment messages for principal and interest payments and the messages are regenerated.
2. You are allowed to un-hold the reverse MT103 payment messages generated as part of payment liquidation as well.
3. You follow the below steps to un-hold and release the payment messages.
   • You should query for the contract in the Forward Processing Browser.
   • You should unlock the contract, de-select the Hold Transaction check box and then save and authorize the record.
   • The system perform below changes.
     • You are not allowed to change any details in the un-held message; the un-held payment message is generated with value date as application date.
     • The system does not recalculate the amount in the payment messages when unheld, though back dated transactions exist on the contract. For example,
     • Rate change for the value date prior to the payment date after holding the payment.
     • Participant ratio amendment (PRAM) done for the value date prior to the payment date after holding the payment.
     In the above scenarios, the accounting entries are posted in the respective contracts as per the amendment done. However, the amount in the payment messages are not changed and the payment messages are generated for the original amount.
     • If Hold Transaction check box is not selected and saved from the forward processing browser (current application date is greater than schedule due date), then the existing messages are cancelled and new payment message is generated with new payment value date that is current application date. Liquidation (LIQD) event is triggered online on the application date itself.
     • If Hold Transaction flag is not selected and saved from the forward processing browser (current application date is same or lesser than that of schedule due date), only message is regenerated on the application date.
     • Liquidation (LIQD) event is triggered only in the EOD batch on the schedule date.
     • Upon authorization, the payment is sent to sanction check.
4. Once the sanction check is successfully completed, the payment message is displayed in the FP browser.
5. You should query for the contract in the FP browser and unlock the same. You should select Confirmed to Auto check box and proceed to save and authorize the record. Upon authorization, the payment message is released from the system.
6. You are allowed to release only one payment per contract reference number at a time from the forward processing browser. There is no option to release multiple payments even though the payments belong to the same contract reference number.
7. When a payment is un-held, confirmed and authorized, the same cannot be put on hold once again.
8. In case of future dated VAMI/rollover with increase (VAMI), when the payment message is un-held and authorized, only the payment message is released. The event and the related accounting entries are posted on the value date itself and the same is not posted again.