The effective date of payment (EDP) of a payment or credit is the date on which it is deemed to have been made.

The SA system will automatically allocate an original EDP to a payment, or a freestanding credit created automatically by the SA system when it first appears on the SA record. The EDP of a freestanding credit created manually must be allocated manually.

It is important that the correct EDP is given to a payment or credit as this allows the calculation of late payment interest and / or repayment supplement as appropriate on the SA record.

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