Write-off Event Lifecycle
The following diagram shows the possible lifecycle of a write-off event:
Write-off events are initially created in the pending state.
When the system sees a pending event with a trigger date on or before the current date, the system executes the event's activity and completes the event.
Fastpath: For more information about a write-off event's
trigger date, see
Write-off Event Trigger
Date
.
A pending event will be cancelled automatically by the system when the contracts linked to the process are all closed (i.e., they no longer have debt - either because it was paid or transferred to a write-off contract). A pending event may be cancelled by an operator at their discretion.