Use this activity to view or enter dates blocked for payments per payment institute. The system will automatically generate planned payment dates for each payment institute, either before or after the date stated, depending on what information is entered. This activity also can be used to calculate the value date of a transaction. (The value date is the date on which a cash transaction affects your cash account at the bank. E.g., processing a check may need 2 days at the bank so the value date would reflect this.)
Payment institutes must have been entered into the system.
As a result of this entry, the specified date will be blocked for payment. However, the system will choose either to pay on a date before that specified or on a date after, according to what is entered. Value dates for relevant transactions are also calculated based on the blocked dates.