1.2.3.3 Date Derivation

Determines applicable transaction and settlement dates during credit outbound processing.

Effective Date

If the original Requested Effective Date backdated, then the system defaults the current date as the Effective Date. System checks the Requested Effective Date for network holidays, currency holidays (Debit/ Credit). If the Requested Effective date falls on Network / Currency holidays, the Effective Date is moved forward to the Network Working date / Currency Working date.

During date derivation, the cutoff times for Same Day and Standard transactions, as maintained in US ACH Network Preferences (PNDNWPRF), are also validated. Based on these cutoff times and the preference for processing Same Day transactions as Standard ACH after the Same Day cutoff, both the settlement method and effective date are re-derived.

For ACH Credit standard transactions, date derivation considers the Dispatch Days (1 day) and Earliest Dispatch Days (2 days) maintained in US ACH Network Preferences, ensuring that the derived dispatch date is at least 1 day and no more than 2 days before the Effective Date.