6.1.2 Batch Process

This topic describes year end batch process.

The year-end batch process is triggered to collect data about the unrealized income booked for each contract during the year. It is allowed to trigger this process only if the Track PY PnL Adjustment option is enabled for the branch through the Preferences section of the 'Branch Parameters' screen.

During liquidation, the information collected using the batch process is used to post-adjustment entries to the previous year's adjustment GL

Make sure to execute this batch process before executing the Year-end P and L balance transfer batch. The balances about the unrealized income booked for each contract during the year is stored at the Contract, Component and Currency level.

For unrealized accruals the batch process stores data for the in the leg and out leg interest components and for the unrealized accrual of termination gain/loss. For advance contracts, unrealized accrual signifies accruals for those schedules, which have liquidated but for which accruals have not completed. For arrears contracts, unrealized accrual is indicative of the amount accrued until the date for those interest schedules, which are yet to be liquidated.

For termination gain or loss, unrealized accrual is the amount accrued for a terminated contract, which has not yet reached maturity.

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