Value date banking term profiles

Access in Iziago: Settings > Treasury codification > Value date banking term profiles
 



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Depending on the bank and on the type of payment, the period of time between a transaction's booking date and its value date may vary. When you are adding a new forecast transaction, Iziago automatically retrieves the non-working days calendar you have set in the Settings module (see Non-working days calendars) and applies the corresponding period of time depending on the transaction code.

From this page, you can add profiles by clicking the New button: add new value date banking term profiles.

To view existing profiles, select the profile of your choice in the Profile drop-down list. You can then:

  • Edit the profile
  • Duplicate the profile
  • Delete the profile

Here are the steps to follow to use this function:

  1. Add a new non-working day calendar
  2. Add a new value date baking term profile, to which you can assign the calendar you have just created
  3. Add a new account, to which you can assign the profile you have just created (after clicking the Save button)
  4. Add a new forecast transaction, related to the account you have just created. At this point, Iziago applies the right equivalence between booking date and value date

 

ADD NEW VALUE DATE BANKING TERM PROFILES

Access in Iziago: Settings > Treasury codification > Value date banking term profiles > New
 

To add a new value date banking term profile:

  1. In the Name field, enter the name of the profile
  2. Select a codification (transaction code)
  3. Select a calendar to assign to each transaction code (you will be able to assign other calendars to specific codes). See Non-working days calendars
  4. Enter the bank's technical timescale in respect of electronic bill of exchange submission, in days
  5. In the table:
    1. In the Shift column, enter the period of time (in days) between booking date and value date for each code (default value is 0)
    2. In the Calendar column, select a calendar to assign to the code
  6. Click the Save button

If you don't select any calendar, Iziago assigns the default calendar to each code

 

EDIT VALUE DATE BANKING TERM PROFILES

Access in Iziago: Settings > Treasury codification > Value date banking term profiles > Edit
 

On this page, you can change the details of the selected profile:

  • Name
  • Codification
  • Default calendar
  • Bank's technical timescale in respect of electronic bill of exchange submissions

 

DUPLICATE VALUE DATE BANKING TERM PROFILES

Access in Iziago: Settings > Treasury codification > Value date banking term profiles > Duplicate
 

Duplicating a profile can be useful for adding a new profile quickly without having to do it from scratch.

To duplicate a value date banking term profile:

  1. In the Profile drop-down list, select the profile you want to duplicate
  2. Click the Duplicate button
  3. In the Name field, enter the name of the new profile
  4. In the table, adjust the modifications:
    1. Shift column: enter the period of time (in days) between booking date and value date for the required codes
    2. Calendar column: if required, assign a new calendar to the codes of your choice

 

DELETE VALUE DATE BANKING TERM PROFILES

Access in Iziago: Settings > Treasury codification > Value date banking term profiles
 

To delete a value date banking term profile:

  1. In the Profile drop-down list, select the profile you want to delete
  2. Click the Delete button
  3. In the pop-in window, click the Delete button to confirm the deletion of the profile