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Status Change Processing
Certain accounts have automatic status changes, wherein the SDEs required for status change
are evaluated. In such cases, this batch detects status changes at BOD. Once this is done,
appropriate status change activities are triggered.
If you have selected the CIF/Group level status processing option (as part of the preferences for
your branch), the status change batch picks up the worst status among all the leases and
accounts (savings and current accounts) for a customer within the branch and updates this in all
the customer’s leases (in the ‘User Defined Status’ field).
Notice Generation – Billing, Payments
For each lease, the number of days prior to which a Notice is to be generated is evaluated. In
case of leases that carry dues, the Notice is generated as specified in the notice days maintained
for the product. This batch is processed at BOD.
Statement Generation
At EOD, the statement is generated depending on the statement frequency and other statement
based maintenance actions specified.
Forward VAMI
At BOD, this batch processes all value dated amendments that are booked with the date as Value
Date.
Penalty
Penalty computations are evaluated at BOD by this batch. Any grace period maintained will have
to be considered during this calculation. On completion of the grace period, the penalty
components are computed from the due date till the current date.
Revaluation
At EOD, revaluation of assets and liabilities to the LCY are carried out.
Readjustment
This batch is processed at EOD. It is triggered in the presence of Index currencies that are not
treated as a part of revaluation. It handles readjustments based on new index rates.
Minimum Amount Due
At BOD, this batch will identify the Open Line Leases accounts whose MAIN_INT component due
date is equal to the application date and then calculate the minimum amount due details.
9.2.2 Initiating the Batch Process
If you have opted to trigger the CL batch programs at EOD, the same will be executed as part of
the ‘End of Cycle Operations’ after marking the ‘EOTI’ for the day. If the trigger is maintained as
‘BOD’, the programs will be executed before the start of ‘Transaction Input’. However, the
programs will be triggered both at EOD and BOD if you opt to trigger it at both the instances.
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