C1-MONPAYINS

This algorithm is invoked when the status of the reconciliation is changed to Initial Reconciliation in Progress or Reconciliation in Progress. It monitors or checks whether there are any pay instructions in the following statuses:

  • Reconciliation Pending Processing

  • Derivation Pending Processing

  • Completed

If all pay instructions in the reconciliation are in the Completed status, then the status of the reconciliation is changed to Completed. However, if there are any pay instructions in the Reconciliation Pending Processing or Derivation Pending Processing status, then the status of reconciliation is changed to Open.

This algorithm contains the following parameters:

  • Pay Instruction Derivation Pending Processing Status - Used to specify the status code to which the pending pay instruction is transitioned when the number of pay instructions in the reconciliation exceeds the deferred processing threshold (specified in an algorithm which is created using the C1-RCOPNPYIN algorithm type).

  • Pay Instruction Reconciliation Pending Processing Status - Used to specify the status code to which the open pay instruction is transitioned when the number of pay instructions in the reconciliation exceeds the deferred processing threshold (specified in an algorithm which is created using the C1-RCOPNPYIN algorithm type).

  • Pay Instruction Completed Status - Used to specify the status code to which the pay instruction is transitioned when it is fully reconciled.

  • Reconciliation Open Status - Used to specify the status code to which you want to transition the reconciliation when there is a pay instruction in the status which is specified in the Pay Instruction Derivation Pending Processing Status or Pay Instruction Reconciliation Pending Processing Status parameter.

  • Reconciliation Completed Status - Used to specify the status code to which you want to transition the reconciliation when all its pay instructions are in the status which is specified in the Pay Instruction Completed Status parameter.

All these parameters are mandatory.