Cutoff Time

Introduction

This option allows you to maintain the cutoff for different types of transactions in a bank.

The cutoff time is the time after which transactions are not allowed on that day. This is specific to the transaction and the day of the week.

Note:

This is same for all the transaction types but they are different for different days of the week.

Navigation

• Click Cutoff time in the Financial Transaction Maintenance under Application Maintenance

• The Cutoff time screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

Day of Week

Select  the day of the week for the cutoff time from the drop-down.

Counterparty Type

Select from the counterparty type from the drop-down.

For Example:

Own Accounts, Third Party Accounts, Home Bank Payees, Domestic Payees, International Payees.

Network

Select the network from the drop-down.

For Example:

Automated clearing house, within bank, SWIFT, BIC and so on.