CDE 10 - Sufficient Unit Check Process
Table of Contents
Sufficient Unit Check Process Flow
Sufficient Unit Check Process
Step | Description | Party | Recipient | Message Reference |
---|---|---|---|---|
1 | The CSP commences Batch Settlement. | CSP | - | - |
2 | The CSP calculates the Novated Net Delivery Positions (NNDPs). The NNDPs calculated will be the same as the NNDPs reported in the Netted Obligation Report, with the exception of the following scenarios which may occur after the Netted Obligation Report is generated:
| CSP | - | - |
3 | The CSP determines whether there are sufficient units available in the Account (HIN). If there are insufficient units available in the Account (HIN), refer to Step 4; "Insufficient Units". If there are sufficient units available in the Account (HIN), or payment is being processed for an mFund Application or Redemption Order Request, refer to Step 7; "Sufficient Units/mFund Order Payment". | CSP | - | - |
Insufficient Units | ||||
4 | The CSP will perform the settlement algorithm. | CSP | - | - |
5 | Where the settlement algorithm selects a non-novated settlement obligation to fail settlement, the CSP will invoke the CDE 10 - Non-Novated Settlement Obligations Process. | CSP | - | - |
6 | Where the settlement algorithm selects Novated Settlement Obligation to fail settlement, the CSP will invoke CDE 10 - Novated Settlement Obligations Process. | CSP | - | - |
Sufficient Units/mFund Order Payment | ||||
7 | Where all Accounts (HINs) have sufficient units, or payment is being processed for an mFund Application or mFund Redemption Order Request, the CSP will invoke the /wiki/spaces/CSP/pages/86675272. | CSP | - | - |
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