8.3.2 Process During End of Day

When the function is executed during the end of day activities, the processing is carried out for:

• Accrual of ICCF components scheduled for the day;
• Any Value Dated change (additional disbursements, change in interest rates, etc.) that were done during the day with a Value Date as the current system date; and
• Activities scheduled for holidays (if the current system date is preceded by holiday(s) and you have specified that activities falling on holidays should be processed on the last working day preceding a holiday).

If an event scheduled to be automatically carried out is not executed for some reason, it is reported in the Exception Report generated by the function. Examples of such events could be the non-availability of funds in a payment account, non-availability of funds in a commitment or a deposit to which a deal is linked, etc. The details of an event that could not be initiated, along with the reason, is reported in the Exception Report.