3.12.12.1 Process Multi Transactions

This topic provides information about processing multi transactions details.

To process the outflow transactions, execute the Multiple Transaction Generation batch as part of EOD process. While processing multi transactions, settlement will take precedence over the subscription transactions to be generated (with the exception of settlement of residual). Also, while doing settlement or while generating subscription the following will be the precedence order:

• Fixed – Units (Not applicable for settlement)
• Fixed – Amount (For subscription transaction generation, both unit and amount takes same priority)
• Percentage
• Residual

The system will either create settlement entries or create subscription transactions as per the multiple transactions. Once all the redemption transactions are allocated and settled, the subscription transactions are generated by a BOD batch. If any of the redemption transaction is not allotted, then the system will not pick up the entire wrapper transaction for settlement. In this case, the subscription transaction is also not created.

Note:

• Each outflow and inflow transactions are saved as separate transactions but against the same wrapper reference number
• Backdated and future date transactions are allowed only for the out flow transactions
• The transaction date for the subscription transaction will be the highest settlement date of the redemption transactions.
• The settlement details entered at the individual transaction level will be overridden by the settlement details maintained at the multi transaction level.
• Settlement for the subscription transaction will always be by cash and the redemption transaction settlement will be based on the settlement details you have maintained.
• Reversing multiple transactions is not allowed from the FCIS Bulk Transaction screen. However, you can reverse the individual transaction from online transaction screen.
• You can modify the individual linked transaction using the online transaction screen. In this case, the system will display a warning message indicating the transaction is a linked transaction
• The sum of redemption and sum of subscription should be same, else you can select transaction mode as residual.
• When the payment mode is given as multi payment, the payment mode should be provided in settlement details
• On saving the multi transaction, if any transaction fails, the system will display an error message. However, it saves the remaining transactions. You can correct the failed transactions and save it again.
• System will allow user to settle a particular trade from payment tab of subscription.
• If trade is settled from the subscription screen (UTDTXN02) after the settlement date, system will display a warning message ‘Trade is Settled After Settlement Due Date’.
• If trade is cleared from the clearing screen post settlement date, system will not display warning message.
• If Settlement Due Date is given in any format of process that is upload/front-end/ gateway/REST/SWIFT will be considered as user overridden settlement Due Date.
• For Pre-Settled Trade Funds, System will derive the settlement due date as Price Date minus due lag and in case settlement due date falls on a holiday, system will be move to next payment currency working day and rule AFTER will be applied.

Error Messages for Settlement Details

Table 3-48 Error Messages for Settlement Details

Validation	Type	Error code	Error Message
When user tries to settle a transaction after settlement due date, system will raise an error	W	W-SETTLEMENTDUEDATE	Trade is Settled after Settlement Due Date