24*7 In T24

Hi all,

T24 claims that the 24*7 can be implemented by removing the end of day processing. Could anyone explain a bit more detail for the solution of 24*7 in T24? How the online transactions be handled when the batch started?

Regards

Someone technical mighe be able to expain better but from a functional perspective, Account based trasanction such as ATM and other online transactions are allowed based on Account Balances before COB being stored in a file for cross reference. At SOD, these entries are posted to relevant Account Applications, updating LIVE files.

If you are a technical, you might want to check the routines in the SOD stage of COB.

Hi Muariha,

Based on your information, do you mean that after the COB started, for any online transactions (such as ATM and other online transaction) being processed, these transactions will be based on the account balance before COB and the updated account balance (after the online transactions are done) will be post after COB finished and the SOD is being processed? So, how will the following scenario be handled in the system?

1. Before COB started, the account balance of account A is $100.

2. After the COB started, there is an ATM transaction which need to debit $100 from account A. The system accept (or will not accept) this ATM transaction as the account balance of Account A (image before COB) is $100. After this ATM processing, balance of Account A should be $0, however, since the SOD is not yet started, this transaction is not yet post to account A and at the moment, Account A still have $100 at the account.

3. During the COB process, account A was being debited by $40, and the balance of account A is now being updated as $60 in the LIVE files.

4. After COB process completed, and SOD is started, the ATM transaction mentioned in point 2 is being posted to the LIVE files, however, now, the balance of account A is $60 (instead of $100) and enough for debiting...then, now, how the system will handle?

Hi Muariha,

To make my previous question short, seems that the solution you mentioned doesn't provide a real balance for inquiry or when there is a debit/credit transactions performed on an account during the COB process. Am I correct?


Regards

I think what is meant my 24*7 is using Non-Stop module where we can input transactions while the COB is running. We can also use external delivery channels such as ATM, Internet banking but I do see few issues here with regard to balances but everything could be overcome by doing bit of changes.

I believe this also would involve some architecrual changes such as performing backups, journaling , etc.

However, at this moment no all the modules in T24 are supported by Non-stop processing.

Hi ,

During the COB the very first job is the date change. If you have noticed, in DATES application there will be two record for each company one with company id and the other with company-COB. After the date change job the date in company record will change to the next working day so the system will use this date for online transactions. Cob will use the other one ( Company - cob) record for the cob processing.

So by this system can be online 24*7.

So in your case if the customer withdraws the amount of $100 from account A during the cob the account available balance will change so it will be zero.

so in cob if you want to debit that account say $40 , it will be overdrawn or go to PD according to the setup.

Regards,
Saravanan.

Hi Saranvelu,

So, does it means that both the online transaction and the COB process are point to a same database? Once the online transaction has made the debit/credit tarnsaction, the account balance will be updated immediately to the database and the COB process will doing any debit/credit process based on the updated account balance?

Besides, will the image of the database be captured before the COB process started? As I suppose, for interest calculation process in COB, it should be based on the date end balance image (with the date same as COB), instead of current account balance.

Regards
RL