2.2.7.2 Standing Instruction Processing

The execution of a Standing Instruction (SI) is triggered based on the Next Generation Date calculated by the system. This date is treated as the Instruction Date, and all other dates, including the Activation Date, are derived from it.

• On the execution date, a new RTGS transaction is created using the SI template details.
• The Source Code is defaulted to SI, and the Source Reference is set to the SI reference.
• The transaction is processed by the respective payment processor.
• The system parameter SI_REDEFAULT_PRICING determines pricing behaviour:
  • If set to Y, the pricing code is defaulted from the source.
  • If set to N, the pricing code is defaulted from the template.