1.3 Generate EFT Files

This topic provides systematic instruction to generate EFT Files.

Typically, it is recommended that you perform the generation of an EFT batch file after the End of Day process at the Fund Manager has been preformed by the Operator users.

You can create and generate the transfer instruction files in the system by using the following procedures, in sequence:

• For the date on which the hand-off instruction files are to be generated, for sending to the clearing bureau, you must extract the records that must appear in these files. You can use the EFT Batch Maintenance (Detail) screen to do this.
• After you have extracted and saved the batch in the EFT Batch Generation screen, authorize it using the EFT Batch Maintenance (Summary) screen.
• The user that has generated the batch record in the EFT Batch Maintenance (Detail) screen cannot authorize the batch. Typically, a user belonging to the Supervisor user group can authorize the batch in the EFT Batch Maintenance (Summary) screen.
• After authorization, you can generate and export the actual transfer instruction interface file that contains the batch records using the interface processing functions in the system.

Refer to the Interfaces chapter of this User Manual for a detailed discussion of the interface processing functions.

Re-exporting Batch EFT File

Once a batch has been authorized, it cannot be generated again for the same instruction type, for the same date.

If the transmitted EFT batch file is misplaced due to any reason, then you can re-export the same batch again. The saved batch data is exported. You can use the Mark Batch for Re- Export screen to do this. The Interface processing function may be used again to re-transmit the EFT batch file.

Figure 1-1 EFT Setup Detail

Description of "Figure 1-1 EFT Setup Detail"