2.1.7.7 SI Specific Info

This topic provides information on SI specific info tab of transaction processing rule screen details.

In this section, you can maintain the rules for standing instruction generation that are to be applicable for the fund.

You can maintain the following rules:

• The holiday rule, that is, whether the generation date must be moved to the previous working day or the next working day, if it falls on a holiday.

For instance, if SI start date is 28th of every month, assuming, post maintaining the SI transactions 28th, 29th and 30th of that month has been marked as holiday. If the holiday rule is set as After, then the system will generate SI for that month on the next available Business day. There will not be any change in regular transaction of that month, i.e. the system will generate another transaction on 28th again.

The system will increment the successful debit counter on the date when clearing happens

Example

Assume SI Start date is 28th Mar 2017 and if the holiday rule is set as ‘Next’. Holiday is marked for 28th, 29th, 30th and 31st of March. In such cases, the system will generate SI on 03-Apr-2017. The next processing date will be on 28-Apr-2017.

If the holiday rule is set as Prior, then the system will generate SI for that month on the previous available Business day.

• The calendar to be used for standing instructions generation – System, fund or actual.
• The default frequency for standing instructions generation – Daily, Bi-Weekly, Weekly, Monthly, Quarterly, Half-Yearly or Yearly.
• The generation cycle for standing instructions – Monthly, Quarterly, Half-Yearly or Yearly
• The specific generation day, if any.
• If the generation of standing instructions must happen on the last day of the frequency period.
• The cut-off day for SI generation.
• The cut-off lag for SI generation.
• Whether the SI rules must be enforced.
• The lead time period based on the system calendar for the standing instruction.
• The default description for the standing instruction.
• If an override message in case of inflow is to be displayed.
• The maximum number of times the SI payment rejections are allowed before the auto termination.
• The maximum number of times successive SI payment rejections are allowed before being automatically terminated.
• The maximum number of SI transactions allowed for the fund. If you specify a limit here, while saving the SI, the system will extend the end date for the SI to a hundred years from the system date, subject to the validation for Transaction End Date in the transaction processing rules for the specific transaction for the specific fund. If the number of transactions generated for a fund equals this limit, the SI will be cancelled.

1. Click Transaction Processing Rules, click SI Specific Info tab in screen to specify the details.
   The SI Specific Info screen is displayed.

   Figure 2-21 SI Specific Info

   
   

   
   Description of "Figure 2-21 SI Specific Info"

   
   

   Note:

   • If you set the cumulative and consecutive counters for SI auto-termination to zero, then the system will cancel the SI the first time an SI payment is rejected. If you do not specify any value for the counters, auto-termination will not be activated for SIs whose payment has been rejected.
   • If the client country parameter is set to SIRULEATFREQ for your bank, in order to maintain SI specific details click on the link SI Rules for Frequency under the Transaction limit tab. For further reference please refer to the Annexure.
   • If the client country parameter is set for your bank, and provided the Inflow Overridable msg check box is checked, the system will check for the existence of any scheduled SWP / STP for the Unitholder during subscription transaction. If it is available, then the override message is displayed as THE NEW SUBSCRIPTION (PARTLY OR FULLY) WILL BE REDEEMED BY AN SI.
2. On SI Specific Info tab, specify the details.

   For more information on fields in the screen, refer the below table.

   Table 2-35 SI Specific Info - Transaction Processing Rule

   Field	Description
   Holiday Rule	Optional Select holiday rule from the drop-down list. The list displays the following values: Prior After
   Specific Gen.Day	Alphanumeric; 3 Characters; Optional Specify the specific generation day.
   Default SI Frequency	Optional Select default SI frequency from the drop-down list. The list displays the following values: Daily Monthly Quarterly Weekly Yearly Bi-Weekly Half-Yearly
   SI Cut-Off Day	Numeric; 22 Characters; Optional Specify the SI Cut-Off day.
   Enforce Generation	Optional Select Yes from drop-down list to enforce generation.
   Max No. of SI Txns	Numeric; 22 Characters; Optional Specify the maximum number of SI transactions.
   SI Lead Time	Numeric; 22 Characters; Optional Specify SI Lead Time.
   SI Auto-Termination Cumulative Counter	Numeric; 22 Characters; Optional Specify the SI Auto-Termination Cumulative Counter.
   Default SI Description	Alphanumeric; 255 Characters; Optional Specify the Default SI Description.
   Calendar Basis	Optional Select the calendar basis from the drop-down list. The list displays the following values: Actual Calendar Fund Calendar System Calendar
   SI Generation Freq	Optional Select SI Generation Frequency from the drop-down list. The list displays the following values: Monthly Quarterly Half Yearly Yearly
   SI Cut-off Lag	Numeric; 22 Characters; Optional Specify the SI cut-off lag details.
   Max. Validity(Days)	Numeric; 22 Characters; Optional Specify the maximum validity in days.
   Inflow Overridable Msg	Optional Select Yes from drop-down list to inflow overridable message.
   Last Working Day	Optional Check this box to indicate the last working day.
   SI Auto-Termination Consecutive Counter	Numeric; 22 Characters; Optional Specify SI Auto-Termination Consecutive Counter details.