3.8.1.1 Derive Transaction Date

This topic provides the instructions to derive the Transaction Date.

Transaction Date will be derived based on the Order received Date, Order Received Time Zone and Order Received Time. If order received time is within fund cutoff (converting time from Order Received Time Zone to Fund Time Zone), then transaction date arrives to same as order received date. If order received time breaches the fund cutoff, then transaction date arrives to next business date.

It is better understood by the below example:

Table 3-30 Example on Fund details

Fund Details	Case 1	Case 2	Case 3
Fund ID	FNSGP1	-	-
Fund Time Zone	SGT	-	-
Fund Cut Off	17:30	-	-
Module Default Time Zone	HKT	-	-
Time Zone	UKT	HKT	SGT
GMT+	00:00:00	08:00:00	08:00:00

Table 3-31 Example on Order Received details before and after Cut Off time

Order Received within Cut off time	Order Received within Cut off time	Order Received Post Cut off time	Order Received Post Cut off time
Fund ID	FNSGP1	Fund ID	FNSGP1
Order Received Date	2-Jan-15	Order Received Date	2-Jan-15
Order Received Time Zone	UKT	Order Received Time Zone	UKT
Order Received Time	9:15	Order Received Time	9:45
Transaction Date arrives to	2-Jan-15	Transaction Date arrives to	5-Jan-15

Table 3-32 Examples on Transaction Date Derivation

Transaction Details	Transaction Date Derivation
Notice Period	5 days
Trade Cut Off Applicable	No
Calendar basis	Actual
Transaction Type	02

Table 3-33 Example of Transaction Date Derivation based on Captured Transaction Date

Capture Transaction Date	Application Date	Cut Off	Transaction Date/ Override Transaction Date	ORD	ORT	Derived Transaction Date
Pre-Settle Trade	07-Jan- 2015	12:00	07-Jan- 2015	07-Jan- 2015	15:00	12-Jan- 2015
Future Date	07-Jan- 2015	12:00	09-Jan- 2015	07-Jan- 2015	15:00	09-Jan- 2015
Back Date	07-Jan- 2015	12:00	06-Jan- 2015	07-Jan- 2015	15:00	06-Jan- 2015
Application Date	07-Jan- 2015	12:00	07-Jan- 2015	-	-	07-Jan- 2015

Note:

• For the Pre-settled trade, system will arrive at the transaction date as Order Received Date + Notice period for the transaction.
• If ORT is after fund cut-off then, cut-off will be ignored and system will simply take ORD + NOTICE PERIOD to arrive at transaction date.
• If transaction date is overridden, system will derive the new settlement due date based on new price date.
• If derived transaction date is holiday, then next working date will be considered as transaction date.
• System generated transaction will not be considered for deriving transaction date and settlement due date for pre-settled funds.