OBPM|Forward Dated Placement Contract Having Incorrect Value Date (Doc ID 3062087.1)

Last updated on DECEMBER 05, 2024

Applies to:

Symptoms

On : 14.7.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
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Forward dated placement contract with incorrect value date|
1. SGEN fires correctly
2. System books a txn in OBPM as of 18-October. Fires accounting and generates messages ( accounting and message preference is generate message post accounting). Debit/Credit entry on value date as per the source network preference
3. As per the above configuration, we cannot generate a message till accounting has fired
4. In case, OBTR sends an activation date of value date, then this txn will be booked in warehouse queue and neither accounting nor message will fire.

EXPECTED BEHAVIOR
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1. SGEN shall get generated as per the currency system behavior
2. MT 202 shall go out
3. Accounting should fire on value date

STEPS
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The issue can be reproduced at will with the following steps:

1.MM Booking/Trade date:18-Oct-24
  MM Value date: 31-Oct-24
  Ccy settlement days:2
  Maturity date: 01-Nov-24

2. Only 18th October and 31st October are working days. All other days, in between, are holidays.

3..As part of contract booking, system generates a SGEN for PRINCIPAL component ( Gen Payment) with below dates:

  1. Initiation date: 18-Oct
  2. Requested Execution Date: 31-Oct
  3. Activation Date:18-Oct

4.OBPM receives this data and books a bank transfer successfully and fires accounting entries as below:

  Dr/Cr Ind Acc Role Book date Value Date
  Dr ISB GL 18-Oct 18-Oct
  Cr Nostro 18-Oct 31-Oct

 

Cause

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