31 Jul Statuses on Instructions

General

New: Complete instruction details, and can still make changes

Submitted: Selections in status ‘new’ is set, to make further changes the instruction can be rejected, which results in a status similar to new and further changes can be made

Authorised: The instruction has been approved and can start to proceed. An authorised instruction can be cancelled if processing has not started on the instruction.

Processing: The instruction has started with the dealing process (for instance money transfer has been created or dealer instruction created)

Completed: The instruction has completed and all actions required performed.

Withdrawal

Waiting for tax (if tax should be applied to the withdrawal): Before the tax has been updated

Waiting for payment: Withdrawal is ready to be paid out

Debit orders

When the first debit order (recurring investment) has been authorised, the system will create the next recurring in the status ‘Ready to recure (auto recur), which makes it unnecessary to authorise the next debit order which will proceed on the commencement date.

This state is similar to submitted and the instruction can be rejected to make changes to it, which will require the instruction to be authorised again after it has been rejected.

An auto recur debit order status changes to Authorised when the debit order batch has been created for the debit order (then the next auto recur debit order is created). When the debit order has been matched the status changes to Buying and after the buys have been completed to status Completed.