3.16.1.1 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.

You can go through the below example for this:

Param text is set to Y for Param Code PSINCUTTIME at UTDPARAM.

Table 3-85 Example on Fund Details

From Fund ID	FNSGP1	To Fund ID	FNTWN1	-
Fund Time Zone	SGT	Fund Time Zone	CST	-
Fund Cut Off	17:30	Fund Cut Off	15:30	-
Module Default Time Zone	HKT	-	-	-
Time Zone	UKT	HKT	SGT	CST
GMT+	00:00:00	08:00:00	08:00:00	08:00:00

Table 3-86 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
From Fund ID	FNSGP1	To Fund ID	FNSGP1
Subscription Fund ID	FNTWN1	Subscription Fund ID	FNTWN1
Out Leg	-	Out Leg	-
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
In Leg	-	In Leg	-
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

If Param text is set to Y for Param Codes PSINCUTTIME/TSINCUTTIME, then for switch in transaction, the application received date, time zone and time stamp recorded at switch out transaction will be considered.

If Param text is set to Y, then system will not consider the order received date, time zone and time from out leg to derive transaction date for in leg and transaction date will be defaulted from out leg.

Note:

• For the Pre-settled trade funds, during Out Leg transaction creation of Pseudo Switch and Transfer Switch, the system will derive the Transaction Date based on Order Received Date and Notice Period.
• If ORT is after fund cut-off, then the cut-off will be ignored and system will simply add Order Received Date and Notice Period to arrive at Transaction Date.
• During In leg transaction generation, system will not consider Pre-Settled Trade details of fund preference maintenance.