12. Annexure A - Accounting Entries and Advices for FTs

12.1 Introduction

This chapter contains the following sections:

• Section 12.2, "Accounting Entries for FTs"
• Section 12.3, "FT Events"
• Section 12.4, "Advice Tags"
• Section 12.5, "Amount Tags"
• Section 12.6, "Accounting Roles"
• Section 12.7, "Advices for FT"

12.2 Accounting Entries for FTs

This section contains details of the suggested accounting entries that can be set up, for the FT module of Oracle FLEXCUBE. The details of the suggested accounting entries are listed event-wise.

12.3 FT Events

The following is an exhaustive list of events, related advices that are supported for Funds Transfer contract.

	Event		Event Description		Advices		Advice Description
	INIT		Initiation of an FT		CHARGE_CLAIM		MT 191 - Charge claim advice sent to the previous bank in the chain to claim charges due to our bank.
	INIT		Initiation of an FT		DEBIT_ADVICE		Debit advice sent to the cus­tomer upon debiting the cus­tomer account with the transfer amount.
	INIT		Initiation of an FT		PAYMENT_MES­SAGE		Payment Messages are sent depending on the transfer type being processed. Listed below are the various payment mes­sages that can be sent while processing different types of FTs:	MT100 - Customer Transfer	MT103 - Multiple customer transfer with cover	MT202 – Bank Transfer/Cover	MT200 -.Bank Transfer for own account	MT900 - Confirmation of Debit	MT910 - Confirmation of Credit
	INIT		Initiation of an FT		RECEIVE_NOTICE		MT 210 – Receiver’s Notice
	INIT		Initiation of an FT		DEBIT_ADVICE		When charges for cancellation have been defined the Debit Advice is sent to the Customer after debiting the customer account.
	CANC		Cancellation of Banker’s Check		STOP_PMNT		MT 111 - Banker’s check can­cellation advice is sent to the SC from the SB.
	LIQD		Liquidation		CREDIT_ADVICE		Advice sent to the Beneficiary upon crediting the transfer amount to the Beneficiary account.
	REVR		Reversal		STOP_PMNT		MT 111 - Banker’s check can­cellation advice is sent to the correspondent bank provided the MT 110 (bankers check) has already been generated and the cancellation advice has not been generated through any other event.

12.4 Advice Tags

The following are the advice wise advice tags that are supported for Funds Transfer contract.

This section contains the following topics:

• Section 12.4.1, "CHARGE_CLAIM"
• Section 12.4.2, "DEBIT_ADVICE"
• Section 12.4.3, "PAYMENT_MESSAGE"
• Section 12.4.4, "RECEIVE_NOTICE"
• Section 12.4.5, "STOP_PMNT"
• Section 12.4.6, "CREDIT_ADVICE"

12.4.1 CHARGE_CLAIM

	Advice Tags		Description
	SWIFT

12.4.2 DEBIT_ADVICE

	Advice Tags		Description		Tab/Button-Field Name		VARCHAR/ Number/ Date		Length
	_CONTRACTREF­NO_		Contract Reference Number		Fund Transfer-Con­tract Input Screen-Reference Number		VAR­CHAR		16
	_USERREFNO_		User Reference Number		Fund Transfer-Con­tract Input Screen-User Reference		VAR­CHAR		16
	_PRODDESC_		Product Description		Fund Transfer-Con­tract Input Screen-Product Description		VAR­CHAR		105
	_SLOGAN_		Product Slogan		Fund Transfer-Products-Detailed-Slogan		VAR­CHAR		255
	_CUSTOMER_		Receiver ID		Fund Transfer-Con­tract Input Screen-Main Tab-Debit Account		VAR­CHAR		9
	_CUSTOMER-NAME_		Receiver Name		Customer Mainte­nance-Customers-Detailed-Customer Name		VAR­CHAR		105
	_CPARTY-NAME_		Counterparty Name		Fund Transfer-Con­tract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_CPARTY-ADDRESS1_		Counterparty Address Line 1		Fund Transfer-Con­tract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_CPARTY-ADDRESS2_		Counterparty Address Line 2		Fund Transfer-Con­tract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_CPARTY-ADDRESS3_		Counterparty Address Line 3		Fund Transfer-Con­tract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_CPARTY-ADDRESS4_		Counterparty Address Line 4		Fund Transfer-Con­tract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_ACC-BRANCH_		Branch Code of the Customer Account		Fund Transfer-Con­tract Input Screen-Main Tab-Debit Branch		VAR­CHAR		3
	_BRANCHNAME_		Name of the Branch		Branch Parameters-Branch Parameters-Detailed-Branch Name		VAR­CHAR		105
	_BRANCHDATE_		Today's Date for the Branch		Fund Transfer-Con­tract Input Screen-Main Tab		Date
	_ACCOUNT_		Account Number		Fund Transfer-Con­tract Input Screen-Main Tab-Debit Account		VAR­CHAR		20
	_ACC-DESC_		Account Description		Customer Accounts-Cus­tomer Accounts-Detailed		VAR­CHAR		35
	_CCY_		Currency		Fund Transfer-Con­tract Input Screen-Main Tab-Debit Cur­rency		VAR­CHAR		3
	_CCY-NAME_		Currency Name		Currency Mainte­nance-Currencies-Detailed		VAR­CHAR		105
	_SETTLEMENT-AMT_		Settlement Amount		Fund Transfer-Con­tract Input Screen-Main Tab-Debit Amount		Number		22,3
	_AMOUNTIN­WORDS_		Amount in Words		System derived from Fund Transfer-Contract Input-Detailed-Main Tab		VAR­CHAR		255
	_VALUE-DATE_		Transaction Value Date		Fund Transfer-Con­tract Input Screen-Main Tab-Debit Value Date		Date
	_SNDR-RECV-INFO1_		Sender to Receiver Information Line 1		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Sender to reciever information		VAR­CHAR		105
	_SNDR-RECV-INFO2_		Sender to Receiver Information Line 2		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Sender to reciever information		VAR­CHAR		105
	_SNDR-RECV-INFO3_		Sender to Receiver Information Line 3		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Sender to reciever information		VAR­CHAR		105
	_SNDR-RECV-INFO4_		Sender to Receiver Information Line 4		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Sender to reciever information		VAR­CHAR		105
	_SNDR-RECV-INFO5_		Sender to Receiver Information Line 5		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Sender to reciever information		VAR­CHAR		105
	_SNDR-RECV-INFO6_		Sender to Receiver Information Line 6		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Sender to reciever information		VAR­CHAR		105
	_PAYMNT-DETAILS1_		Payment Details Line 1		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_PAYMNT-DETAILS2_		Payment Details Line 2		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_PAYMNT-DETAILS3_		Payment Details Line 3		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_PAYMNT-DETAILS4_		Payment Details Line 4		Fund Transfer-Con­tract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_ADDRESS1_		Receiver Address Line 1		Fund Transfer-Con­tract Input Screen-Settlement Tab-Local Clearing-Reciever Informa­tion		VAR­CHAR		105
	_ADDRESS2_		Receiver Address Line 2		Fund Transfer-Con­tract Input Screen-Settlement Tab-Local Clearing-Reciever Informa­tion		VAR­CHAR		105
	_ADDRESS3_		Receiver Address Line 3		Fund Transfer-Con­tract Input Screen-Settlement Tab-Local Clearing-Reciever Informa­tion		VAR­CHAR		105
	_ADDRESS4_		Receiver Address Line 4		Fund Transfer-Con­tract Input Screen-Settlement Tab-Local Clearing-Reciever Informa­tion		VAR­CHAR		105
	_ORD1_		Ordering Customer Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ordering Cus­tomer		VAR­CHAR		105
	_ORD2_		Ordering Customer Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ordering Cus­tomer		VAR­CHAR		105
	_ORD3_		Ordering Customer Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ordering Cus­tomer		VAR­CHAR		105
	_ORD4_		Ordering Customer Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ordering Cus­tomer		VAR­CHAR		105
	_BEN1_		Ultimate Beneficiary Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ultimate Benefi­ciary		VAR­CHAR		255
	_BEN2_		Ultimate Beneficiary Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ultimate Benefi­ciary		VAR­CHAR		255
	_BEN3_		Ultimate Beneficiary Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ultimate Benefi­ciary		VAR­CHAR		255
	_BEN4_		Ultimate Beneficiary Name and Address		Fund Transfer-Con­tract Input Screen-Settlement Tab-Par­ties-Ultimate Benefi­ciary		VAR­CHAR		255
	_AVAIL_­SET_AMT_		LC Availment Amount being Set­tled		Letters of Credit-Availment Input-Detailed-Availment Amount		Number		22,3
	_AVAIL_­SET_AMTEQ_		LC Availment Amount being Set­tled		Letters of Credit-Availment Input-Detailed-Availment Amount		Number		22,3
	_TFR_AMT_		FT Transfer Amount		Fund Transfer-Con­tract Input Screen-Main Tab-Credit Amount in case of Outgoing and Inter­nal FT Contracts. And Debit Amount in case of Incoming FT Contract.		Number		22,3
	_AMT_EQUIV_		FT Transfer Amount Equivalent		Fund Transfer-Con­tract Input Screen-Main Tab-Debit Amount in case of Outgoing and Inter­nal FT Contracts. And Credit Amount in case of Incoming FT Contract.		Number		22,3
	_PRINCIPAL_		MM Contract Princi­pal		Money Market-Pay­ment Input-Detailed-Main Screen-Amount		Number		22,3
	_PRINCIPAL_IN­CR_		MM Contract Princi­pal Increase		Money Market-Pay­ment Input-Detailed-Main Screen-Amount		Number		22,3
	_PRINCIPAL_DE­CR_		MM Contract Princi­pal Decrease		Money Market-Pay­ment Input-Detailed-Main Screen-Amount		Number		22,3
	_comp_LIQD_		Amount of the Com­ponent ('comp') being Liquidated		Money Market-Pay­ment Input-Detailed-Main Screen-Amount		Number		22,3

For Netted Transactions, the following will appear for each of the Transactions that got netted

	Advice Tags		Description		Tab/Button-Field Name		VARCHAR/ Number/ Date		Length
	_AMTDESC_		Transaction Descrip­tion		Funds Transfer-Con­tract Input-Detailed-Events Button-Accounting Entries Tab-Accounting Entries Title-Code(Transaction Code)		VARCHAR		3
	_TCY_		Amount Tag Currency		Funds Transfer-Con­tract Input-Detailed-Events Button-Accounting Entries Tab-Accounting Entries Title-Amount Tag		VARCHAR		25
	_FCYAMT_		Amount in Amount Tag Currency		Funds Transfer-Con­tract Input-Detailed-Events Button-Accounting Entries Tab-Accounting Entries Title-Foreign Currency Amount		VARCHAR		22
	_RATE_		Exchange Rate Used		Funds Transfer-Con­tract Input-Detailed-Main Tab-Exchange Rate Details title -Exchange Rate field		Number		3
	_ACY_		Account Currency		Funds Transfer-Con­tract Input-Detailed-Events Button-Accounting Entries Tab-Accounting Entries Title-Currency field		VARCHAR		3
	_AMT_		Amount in Account Currency		Funds Transfer-Con­tract Input-Detailed-Events Button-Accounting Entries Tab-Accounting Entries Title-Local Currency Field(Amount in local Currency)		VARCHAR		22
	_DRCR_		Debit Credit Indicator		Funds Transfer-Con­tract Input-Detailed-Events Button-Accounting Entries Tab-Accounting Entries Title-Dr/Cr		VARCHAR		1

12.4.3 PAYMENT_MESSAGE

	Advice Tags		Description
	SWIFT

12.4.4 RECEIVE_NOTICE

	Advice Tags		Description
	SWIFT

12.4.5 STOP_PMNT

	Advice Tags		Description
	SWIFT

12.4.6 CREDIT_ADVICE

	Advice Tags		Description		Tab/Button-Field Name		VARCHAR/ Number/ Date		Length
	_CONTRACTREF­NO_		Contract Refer­ence Number		Fund Transfer-Contract Input Screen-Reference Number		VAR­CHAR		16
	_USERREFNO_		User Refer­ence Number		Fund Transfer-Contract Input Screen-User Refer­ence		VAR­CHAR		16
	_PRODDESC_		Product Description		Fund Transfer-Contract Input Screen-Product Description		VAR­CHAR		105
	_SLOGAN_		Product Slogan		Fund Transfer-Products-Detailed-Slogan		VAR­CHAR		255
	_CUSTOMER_		Receiver ID		Fund Transfer-Contract Input Screen-Main Tab-Credit Account		VAR­CHAR		9
	_CUSTOMER-NAME_		Receiver Name		Customer Maintenance-Customers-Detailed-Customer Name		VAR­CHAR		105
	_CPARTY-NAME_		Counterparty Name		Fund Transfer-Contract Input Screen-Party Details Tab		VAR­CHAR		105
	_CPARTY-ADDRESS1_		Counterparty Address Line 1		Fund Transfer-Contract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_CPARTY-ADDRESS2_		Counterparty Address Line 2		Fund Transfer-Contract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_CPARTY-ADDRESS3_		Counterparty Address Line 3		Fund Transfer-Contract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_CPARTY-ADDRESS4_		Counterparty Address Line 4		Fund Transfer-Contract Input Screen-Party Details Tab-Payment Details		VAR­CHAR		105
	_ACC-BRANCH_		Branch Code of the Customer Account		Fund Transfer-Contract Input Screen-Main Tab-Credit Branch		VAR­CHAR		3
	_BRANCHNAME_		Name of the Branch		Branch Parameters-Branch Parameters-Detailed.		VAR­CHAR		105
	_BRANCHDATE_		Today's Date for the Branch		Fund Transfer-Contract Input Screen-Main Tab		Date
	_ACCOUNT_		Account Num­ber		Fund Transfer-Contract Input Screen-Main Tab-Credit Account		VAR­CHAR		20
	_ACC-DESC_		Account Description		Customer Accounts-Cus­tomer Accounts-Detailed		VAR­CHAR
	_CCY_		Currency		Fund Transfer-Contract Input Screen-Main Tab-Credit Currency		VAR­CHAR		3
	_CCY-NAME_		Currency Name		Currency Maintenance-Currencies-Detailed		VAR­CHAR		105
	_SETTLEMENT-AMT_		Settlement Amount		Fund Transfer-Contract Input Screen-Main Tab-Credit Amount		Number		22,3
	_AMOUNTIN­WORDS_		Amount in Words		System derived from Fund Transfer-Contract Input-Detailed-Main Tab-Credit Amount		VAR­CHAR		255
	_VALUE-DATE_		Transaction Value Date		Fund Transfer-Contract Input Screen-Main Tab-Credit Value Date		Date
	_SNDR-RECV-INFO1_		Sender to Receiver Infor­mation Line 1		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Sender to receiver infor­mation		VAR­CHAR		105
	_SNDR-RECV-INFO2_		Sender to Receiver Infor­mation Line 2		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Sender to receiver infor­mation		VAR­CHAR		105
	_SNDR-RECV-INFO3_		Sender to Receiver Infor­mation Line 3		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Sender to receiver infor­mation		VAR­CHAR		105
	_SNDR-RECV-INFO4_		Sender to Receiver Infor­mation Line 4		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Sender to receiver infor­mation		VAR­CHAR		105
	_SNDR-RECV-INFO5_		Sender to Receiver Infor­mation Line 5		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Sender to receiver infor­mation		VAR­CHAR		105
	_SNDR-RECV-INFO6_		Sender to Receiver Infor­mation Line 6		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Sender to receiver infor­mation		VAR­CHAR		105
	_PAYMNT-DETAILS1_		Payment Details Line 1		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_PAYMNT-DETAILS2_		Payment Details Line 2		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_PAYMNT-DETAILS3_		Payment Details Line 3		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_PAYMNT-DETAILS4_		Payment Details Line 4		Fund Transfer-Contract Input Screen-Settlement Tab-Message Details-Details of Payment		VAR­CHAR		105
	_ADDRESS1_		Receiver Address Line 1		Fund Transfer-Contract Input Screen-Settlement Tab-Local Clearing-Receiver Information		VAR­CHAR		105
	_ADDRESS2_		Receiver Address Line 2		Fund Transfer-Contract Input Screen-Settlement Tab-Local Clearing-Receiver Information		VAR­CHAR		105
	_ADDRESS3_		Receiver Address Line 3		Fund Transfer-Contract Input Screen-Settlement Tab-Local Clearing-Receiver Information		VAR­CHAR		105
	_ADDRESS4_		Receiver Address Line 4		Fund Transfer-Contract Input Screen-Settlement Tab-Local Clearing-Receiver Information		VAR­CHAR		105
	_ORD1_		Ordering Cus­tomer Name and Address		Fund Transfer-Contract Input Screen-Settlement Tab-Parties-Ordering Customer		VAR­CHAR		105
	_ORD2_		Ordering Cus­tomer Name and Address		Fund Transfer-Contract Input Screen-Settlement Tab-Parties-Ordering Customer		VAR­CHAR		105
	_ORD3_		Ordering Cus­tomer Name and Address		Fund Transfer-Contract Input Screen-Settlement Tab-Parties-Ordering Customer		VAR­CHAR		105
	_ORD4_		Ordering Cus­tomer Name and Address		Fund Transfer-Contract Input Screen-Settlement Tab-Parties-Ordering Customer		VAR­CHAR		105
	_AVAIL_­SET_AMT_		LC Availment Amount being Settled		Letters of Credit-Avail­ment Input-Detailed-Availment Amount		Number		22,3
	_AVAIL_­SET_AMTEQ_		LC Availment Amount being Settled		Letters of Credit-Avail­ment Input-Detailed-Availment Amount		Number		22,3
	_TFR_AMT_		FT Transfer Amount		Fund Transfer-Contract Input Screen-Main Tab-Credit Amount in case of Outgoing and Internal FT Contracts. And Debit Amount in case of Incoming FT Contract.		Number		22,3
	_AMT_EQUIV_		FT Transfer Amount Equiva­lent		Fund Transfer-Contract Input Screen-Main Tab-Debit Amount in case of Outgoing and Internal FT Contracts. And Credit Amount in case of Incoming FT Contract.		Number		22,3
	_PRINCIPAL_		MM Contract Principal		Money Market-Payment Input-Detailed-Main Screen-Amount		Number		22,3
	_PRINCIPAL_IN­CR_		MM Contract Principal Increase		Money Market-Payment Input-Detailed-Main Screen-Amount		Number		22,3
	_PRINCIPAL_DE­CR_		MM Contract Principal Decrease		Money Market-Payment Input-Detailed-Main Screen-Amount		Number		22,3
	_comp_LIQD_		Amount of the Component ('comp') being Liquidated		Money Market-Payment Input-Detailed-Main Screen-Amount		Number		22,3

For Netted Transactions, the following details appear for each of the transactions that is netted:

	Advice Tags		Description		Tab/Button-Field Name		VARCHAR/ Number/ Date		Length
	_AMTDESC_		Transaction Description		Funds Transfer-Contract Input-Detailed-Events But­ton-Accounting Entries Tab-Accounting Entries Title-Code(Transaction Code)		VAR­CHAR		3
	_TCY_		Amount Tag Currency		Funds Transfer-Contract Input-Detailed-Events But­ton-Accounting Entries Tab-Accounting Entries Title-Amount Tag		VAR­CHAR		25
	_FCYAMT_		Amount in Amount Tag Currency		Funds Transfer-Contract Input-Detailed-Events But­ton-Accounting Entries Tab-Accounting Entries Title-Foreign Currency Amount		VAR­CHAR		22
	_RATE_		Exchange Rate Used		Funds Transfer-Contract Input-Detailed-Main Tab-Exchange Rate Details title -Exchange Rate field		Number		3
	_ACY_		Account Cur­rency		Funds Transfer-Contract Input-Detailed-Events But­ton-Accounting Entries Tab-Accounting Entries Title-Currency field		VAR­CHAR		3
	_AMT_		Amount in Account Cur­rency		Funds Transfer-Contract Input-Detailed-Events But­ton-Accounting Entries Tab-Accounting Entries Title-Local Currency Field(Amount in local Cur­rency)		VAR­CHAR		22
	_DRCR_		Debit Credit Indicator		Funds Transfer-Contract Input-Detailed-Events But­ton-Accounting Entries Tab-Accounting Entries Title-Dr/Cr		VAR­CHAR		1

12.5 Amount Tags

The amount tags required to define accounting entries in FT Module are listed below..

	Amount Tag		Description
	AMT_EQUIV		Equivalent Amount – For Outgoing and Internal FTs this is the debit amount. For Incoming Transfers this is the Credit Amount.
	TFR_AMT		Transfer Amount - For Outgoing and Internal FTs this is the Credit Amount. For Incoming FTs this is the Debit Amount.
	FT_COURIR_CHG		Courier Charges
	FT_FAX_CHG		Fax Charges
	FT_MAIL_CHG		Mail Charges
	FT_SWIFT_CHG		SWIFT Charges
	FT_TELEX­_CHG		Telex Charges
	FT_RVR_CHGS		FT Receiver Charges
	RVR_CHGS		Receiver Charges

12.6 Accounting Roles

The following list contains details of the accounting Roles that are applicable to the FTs you can process at your bank.

	Accounting Role		Description		Role Type
	REMITTER		Remitter’s account		Real/Type “X”
	CUSTCHARGE­ACC		Customer account		Real/Type “X”
	BENEFICIARY		Beneficiary account		Real/Type “X”

For your convenience we have defined a typical set of accounting entries for each of the events mentioned above, for an incoming and an outgoing funds transfer contract. Also note that some of the Amount Tag’s linked to the Accounting Roles are user defined.

Outgoing FT Product (where payment is by message)

INIT: Initiation of an outgoing FT contract

If the charges are to be collected when the FT contract is initiated, the entries that will be passed would be as below:

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	REMITTER		AMT_EQUIV		Debit
	BENEFICIARY		TFR_AMT		Credit
	CUSTCHARGE­ACC		ChargeComp		Debit
	ChargeCompINC		ChargeComp		Credit

These two events shown above are the only events (with accounting) applicable for a simple outgoing FT product.

Note

Here, ChargeComp refers to the charge component that you have defined for the product involving the contract, through the Product-ICCF screen.

CINT: Consolidation Event for Messaging and Accounting

CINT is triggered during Closure of consolidated records. Consolidated accounting entries are passed after MT102 message is generated.

	Accounting Role		Amount Tag		Dr./Cr.
	MT102 Suspense GL (Outgoing) for Consolidated amount		TFR_AMT/AMT_EQUIV		Debit
	Settlement Account/Beneficiary for Consolidated amount		TFR_AMT/AMT_EQUIV		Credit

In case the charge is borne by the beneficiary then the following entry is passed

	Accounting Role		Amount Tag		Dr./Cr.
	Settlement Account/Beneficiary for Consolidated amount		CHARGE COMPO­NENT		Debit
	MT102 Suspense GL (Outgoing) for Consolidated Charge Amount		CHARGE COMPO­NENT		Credit

Payment Message for Multi Credit Transfer contracts will not be generated during contract authorization. The above entries would be passed using “Consolidated Accounting Entry” Reference number. The transaction codes used for these Accounting Entries would be picked up from Accounting Entries defined for the FT product. In case of multiple charges one pair of entries will be passed for each charge component. In case Netting is true for the accounting entries defined then netted entries would be passed.

Accounting entries for Multi Financial Institution Transfer

In the case of Multi Financial Institution Transfer, consolidated accounting entries will be passed after the generation of MT203 message. The entries will be posted using ‘Consolidated Accounting Entry’ Reference number which was used for consolidation. The Transaction codes for the accounting entries will be selected from the Product Accounting Entries defined for the FT product. If ‘Netting’ has been enabled for the accounting entries, netted entries will be passed. CINT is not maintained at the product level. They are automatically triggered for a MT102/ MT203 kind of contract.

	Accounting Role		Dr./Cr. Indicator
	Suspense GL(Outgoing) for consolidated amount		Dr
	Settlement/Beneficiary for consolidated amount		Cr

REVERSAL: Reversal of an Outgoing Multi Credit Financial Institution Transfer

During reversal process, accounting entries will be posted with the negative transaction amount.

Case 1: Outgoing Payment for which MT 203 is not generated.

	Accounting Role		Dr./Cr. Indicator
	REMITTER		Debit
	Outgoing Suspense GL		Credit

The total consolidated amount will be adjusted and the corresponding contract will be removed from the consolidation queue.

Case 2: Outgoing Payment for which MT 203 is already generated.

An override will be displayed stating the ‘Message has already been generated’. If you confirm the override, Reversal will be effected.

	Accounting Role		Dr./Cr. Indicator
	REMITTER		Debit
	Outgoing Suspense GL		Credit
	Outgoing Suspense GL		Debit
	Beneficiary		Credit

Incoming FT Product

BOOK: Booking of an Incoming FT Contract

If the charges are to be collected when the FT contract is booked, the entries that will be passed for the same would be as indicated below:

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	CUSTCHARGE­ACC		ChargeComp		Debit
	ChargeCompINC		ChargeComp		Credit

INIT: Initiation of an incoming FT contract

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	REMITTER		TFR_AMT		Debit
	ADVISED_OUT­STD		AMT_EQUIV		Credit
	CUSTCHARGE­ACC		ChargeComp		Debit
	ChargeCompINC		Charge Comp		Credit

 

While processing an incoming payment message where the value for field 71A is ‘OUR’ and 71G is also present, the system will compute the transfer amount by subtracting the receiver’s charges from the credit amount. In such cases, the following accounting entries will be passed for the INIT event:

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	REMITTER		TFR_AMT		Debit
	BENEFICIARY		AMT_EQUIV		Credit
	CUSTCHARGE­ACC		FT_RVR_CHG		Debit
	FT_RVR_CHGINC		FT_RVR_CHG		Credit

The ‘ADVISED_OUTSTD’ role is a role that must be mapped to the “Advised Outstanding” (payable) GL in the Product Role to Head Mapping, for the product involving the contract.

LIQD: of an Incoming FT

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	ADVISED_OUT­STD		AMT_EQUIV		Debit
	BENEFICIARY		AMT_EQUIV		Credit
	CUSTCHARGE­ACC		ChargeComp		Debit
	ChargeCompINC		ChargeComp		Credit

 

Outgoing FT Product such as Manager’s Check Product (where payment is by instrument)

BOOK: Booking of an Outgoing FT Contract

If the charges are to be collected when the FT contract is booked, the entries that will be passed for the same would be as indicated below:

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	CUSTCHARGE­ACC		ChargeComp		Debit
	ChargeCompINC		ChargeComp		Credit

Note

Here, ChargeComp refers to the charge component that you have defined for the product involving the contract, through the Product-ICCF screen.

INIT: Initiation of an outgoing FT contract

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	REMITTER		AMT_EQUIV		Debit
	ADVISED_OUT­STD		TFR_AMT		Credit
	CUSTCHARGE­ACC		ChargeComp		Debit
	ChargeCompINC		ChargeComp		Credit

 

LIQD: Liquidation of an Outgoing (MCK) type of FT

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	ADVISED_OUT­STD		AMT_EQUIV		Debit
	BENEFICIARY		AMT_EQUIV		Credit
	CUSTCHARGE­ACC		ChargeComp		Debit
	ChargeCompINC		ChargeComp		Credit

 

The other events do not require any accounting entry definition to be maintained.

REVR: Reversal for Outgoing Multi Credit Customer Transfers:

Example1: Outgoing Payment for which MT 102 is not generated

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	Remitter				Debit
	Remitter				Credit

The Total Consolidated amount will be adjusted for the same Corresponding contract and will be removed from the consolidation queue. If the charges are being borne by the beneficiary the following entry will be passed:

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	MT102 Suspense				Debit
	Charge Income				Credit

 

Example 2: Outgoing Payment for which MT 102 is already generated

A configurable override -’Message has already been generated’ will appear on your screen. If you click ’Ok,’ then a reversal will be affected .In this case, the reversed contract will pass the following entries

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	Remitter				Debit
	MT102 Suspense				Credit
	MT102 Suspense				Debit
	Beneficiary				Credit

In case the charges are being borne by the beneficiary:

	Accounting Role		Amount Tag		Dr./Cr. Indicator
	MT102 Suspense				Debit
	Charge Income				Credit
	Beneficiary				Debit
	MT102 Suspense				Credit

12.7 Advices for FT

In this section you will find an event-wise listing of advices that can be generated during the life-cycle of an FT.

This section contains the following topics:

• Section 12.7.1, "FT Messages"
• Section 12.7.2, "Other Messages"

12.7.1 FT Messages

The following is an exhaustive list of messages that can be generated for an FT.

INIT: Initiation of an FT

	Event		Message / Advice		Description		SWIFT Message Format		New Advices in FC		Remarks
	INIT		PAYMENT_MES­SAGE		Customer Transfer		MT 103, MT 103+, MT 102 , MT 102 +				IN FT Mod­ule, only PAY­MENT_MESSAGE is main­tained. It resolves which mes­sage to gener­ate on the basis of main­tenance at BIC / Cur­rency / Coun­try Code / Product / Cus­tomer / Con­tract Level
			Customer Transfer With Cover		MT 103, MT 103+, MT 202,
			Bank Transfer		MT 202 / MT 203
			Financial Insti­tution Transfer Execution message is sent by the Receiver of a category 2 transfer mes­sage, i.e., MT 200, 201, 202, 203 or 205 to further trans­mit a funds transfer instruction domestically.		MT 205
			Bank Transfer - Own Account		MT 200
			Multiple Bank Transfer - Own Account		MT 201		CONS_OWNAC_TFR
			Confirmation of Debit		MT 900
			Confirmation of Credit		MT 910
			MT202 old cover format		MT202 (old cover format)		COVER
			Cover for Cus­tomer Transfer		MT202­COV		CUST_­COVER
					New RTGS COV form		MT202­COV		CUST_RTGS_­COV
					Old RTGS cover format		MT202­COV		RTGS_­COV
					Financial Insti­tution Transfer Execution - Not Required in FT as PAY­MENT_MES­SAGE will generate MT 205 as per parameteriza­tion		MT 205		BANK_INST_TRANS
					MT205 New cover format		MT205­COV		CUST_­COV­ERL
					MT205 Old cover format		MT205­COV		COV­ERL
			BANKER_CHQ		Banker’s check		MT 110
			CHARGE_CLAIM		Charge Claim Advice		MT 191
			DEBIT_ADVICE		Debit advice to the customer for Transfer Amount
			RECEIVE_NOTICE		Receiver’s Notice		MT 210
			REVSWIFT		Generation of MT292 on reversal of a contract

 

Note

Messages such as ‘Allow Message before Accounting’ parameters can have an influence on messages and accounting entries which you intend to initiate. If you enable the ‘Allow Message before Accounting’ option, then you can associate PAYMENT_MESSAGE to INIT event only.

CANC: Cancellation of Banker’s Check

	Event		Message / Advice		Description		SWIFT Message Format
	CANC		DEBIT_ADVICE		Debit advice to the customer for Can­cellation Charges		MT 111
		STOP_PMNT		Banker’s check cancellation advice

 

FXGN: Adhoc generation of Customer Transfer Message

	Event		Message / Advice		Description
	FXGN		FAX_PMT_MSG		MT 103 - A copy of the Customer Transfer mes­sage

 

Note

Accounting Entry definition for receiver bank charges in MT103 are as follows:

	Dr		Remitter		AMT_EQUIV
	Cr		Beneficiary		TFR_AMT
	Dr		Custchargeacc		CHARGES (Own)
	Cr		Charge Inc		CHARGES (Own)
	Dr		Custchargeacc		FT_RVR_CHGS
	Cr		Beneficiary		RVR_CHGS

LIQD: Liquidation

	Event		Message / Advice		Description
	LIQD		CREDIT_ADVICE		Credit advice to the beneficiary for Transfer Amount
		DEBIT_ADVICE		Debit advice to the Remitter for Transfer Amount.
		DEBIT_ADVICE		Debit advice to the Bearer of Charges for the charge amount.

 

REVR: Reversal

	Event		Message / Advice		Description		SWIFT Message Format
	REVR		DEBIT_ADVICE		Debit advice to the cus­tomer for Cancellation Charges		MT 111
		STOP_PMNT		Banker’s check cancel­lation advice (Provided not generated in CANC)

 

12.7.2 Other Messages

Customer / Financial Transfer related SWIFT Messages supported in Oracle FLEXCUBE but not generated from FT Contract in FT Module are detailed below:

Common Group Messages

You can generate following Common Group Messages using Function ID MSDCOMMS.

	Description		SWIFT Message Format
	Advice of Charges, Interest and other Adjustments		MT 190
	Request for Payment of Charges, Inter­est and other Expenses		MT 191
	Request for Cancellation		MT 192
	Queries		MT 195
	Answers		MT 196
	Proprietary Message		MT 198
	Free Format Message		MT 199

 

MT920 Request Message

You can generate MT 920 using ‘Generate MT920’ screen, function ID MSDMT92 (Menu Path Messages -> MT920 -> Detailed).

	Description		SWIFT Message Format
	Request Message		MT 920
	To request one or more MT 940 Customer Statement(s), MT941 Balance Report(s), MT942 Interim Transaction Report(s), or MT 950 Statement Message(s)

 

Balance Report (MT 941) & Interim Statement (MT942)

You can generate Balance Report (MT 941) and Interim Statement (MT942) using ‘Adhoc Report Generation’ screen – Function ID ACDADCRP (Menu Option – Messages > Account Balance and Interim Report > Detailed).

	Description		SWIFT Message Format
	ACST_BALANCE		MT 941
	Balance Report
	ACST_INT_DTL		MT 942
	Interim Statement