This query deserves some extra attention to details. Here's how it works. the following table will hopefully clarify your query!
Ledger balance Rs. (1)
|
SPAN required Rs.(2) |
Clear credit balance Rs.
(1) - (2)
|
Payout request Rs. | Settlement details | |
|
Case A: Payout request = Clear credit balance |
100000 | 30000 | 70000 | 70000 | Payout processed for Rs 70000. Settlement considered as Standing Instruction settlement and thus settled for the quarter |
|
Case B: Payout request < Clear credit balance |
100000 | 30000 | 70000 | 50000 | Payout of Rs 50000 processed. Rs 20000 balance available. Settlement is NOT considered as SI settlement |
| Case C: Payout request > Clear credit balance |
100000 | 60000 | 40000 | 50000 | Payout of Rs 40000 processed. Settlement is considered as SI settlement and thus settled for the quarter |