financial hold not Triggering after dunning run

Dear Experts,

Financial hold is not getting triggered after dunning run in SlcM-FICA. Dunning Run completes successfully but Financal Hold is not created in student file.

As per SAP guidelines, We have created a dunning activity with Action category 01 and same is assigned with Functional Module CMAC_EVENT_0350_HOLD_SET. The specified FM is active in the system (System is not allowing to add it in Fqevents-0350 event- as we need to add this in dunning config as per SAP recommendations).

A hold type is created with object type ST. Status indicator Badi is activated with filters AC10 and AC11.

Could you please, advise, where I am missing something.