Contents

1. Preface

  • 1.1 Introduction
  • 1.2 Audience
  • 1.3 Documentation Accessibility
  • 1.4 Organization
  • 1.5 Related Documents
  • 1.6 Glossary of Icons

    • 2. Islamic Bills and Collections - An Overview

  • 2.1 Introduction
  • 2.2 Features
  • 2.3 Operations You can Perform on a Islamic Bill
  • 2.4 Profit and Charge Liquidation

    • 3. Islamic Bills Maintenance

  • 3.1 Introduction
  • 3.2 Documents and Clauses
  • 3.2.1 Maintaining Documents and Clauses
  • 3.2.2 Specifying the Document Details
  • 3.2.3 Specifying Clause Details
  • 3.2.4 Specifying Values for the User Defined Fields
  • 3.2.5 Operations on the Document Maintenance Screen
  • 3.3 Goods
  • 3.3.1 Maintaining Goods
  • 3.3.2 Specifying Goods Details
  • 3.3.3 Specifying Values for the UDF
  • 3.3.4 Operations on the Goods/Commodity Maintenance Record
  • 3.4 Instruction Codes
  • 3.4.1 Maintaining Instruction Codes
  • 3.4.2 Specifying Instructions Code Details
  • 3.4.3 Specifying Values for the User Defined Fields
  • 3.4.4 Operations on the Instruction Code Maintenance Record
  • 3.5 Free Format Texts (FFT)
  • 3.5.1 Maintaining Free Format Texts (FFT)
  • 3.5.2 Specifying Values for the User Defined Fields
  • 3.5.3 Operations on the FFT Maintenance Record
  • 3.6 Discrepancy Codes
  • 3.6.1 Maintaining Discrepancy Codes
  • 3.6.2 Specifying Values for the UDFs
  • 3.6.3 Operations on the Discrepancy Code Maintenance Record
  • 3.7 Insurance Company Details
  • 3.7.1 Maintaining Insurance Company Details
  • 3.7.2 Specifying Values for the UDFs
  • 3.7.3 Operations that You can Perform on a Insurance Company Record
  • 3.8 Exchange Rate Type based on Transaction Amount
  • 3.8.1 Application of Exchange Rate Type based on Transaction Amount
  • 3.8.2 Specifying the Exchange Rate Maintenance Details
  • 3.8.3 Specifying Values for the User Defined Fields

    • 4. Defining the Attributes of an Islamic Bills and Collections Product

  • 4.1 Characteristics for a Product
  • 4.1.1 Defining Characteristics for a Product
  • 4.2 Specifying the Role Details
  • 4.3 Specifying Event Details
  • 4.4 Specifying Branch Details
  • 4.5 Specifying Customer Details
  • 4.6 Specifying Preferences for a Product
  • 4.6.1 Main Preferences
  • 4.6.2 Specifying Main Preferences
  • 4.6.3 Specifying Profit and Charge Details
  • 4.7 Specifying The Charges
  • 4.8 Specifying MIS Details
  • 4.9 Specifying ICCF Details
  • 4.10 Specifying Discount Accrual Details
  • 4.11 Specifying Tax Details
  • 4.12 Specifying Tracer Details
  • 4.13 Specifying Free Format Text Details
  • 4.14 Documents for a Product
  • 4.14.1 Specifying Documents for a Product
  • 4.14.2 Specifying the Clauses that should Accompany the Document
  • 4.15 Status Details
  • 4.15.1 Specifying Status Details
  • 4.15.2 Indicating if Status Changes have to be carried out Automatically
  • 4.15.3 Advices to be Generated for a Status Change
  • 4.15.4 Specifying the Number of Days for a Status Change
  • 4.15.5 Changing the GL under which the Bill is Reported
  • 4.16 Specifying Field Details

    • 5. Processing Islamic Bills

  • 5.1 Introduction
  • 5.2 Invoking the Islamic BC Contract Detailed Screen
  • 5.3 Details of a Bill
  • 5.3.1 Entering Details of a Bill
  • 5.3.2 Main Tab
  • 5.3.3 Details Tab
  • 5.3.4 Additional Tab
  • 5.3.5 Parties Tab
  • 5.3.6 Documents Tab
  • 5.3.7 Exception Tab
  • 5.3.8 Discrepancies Tab
  • 5.3.9 Rollover Tab
  • 5.3.10 Viewing Rollover Details of the Original Bill Contract
  • 5.3.11 Draft Tab
  • 5.3.12 Insurance Tab
  • 5.3.13 Invoice Tab
  • 5.3.14 Packing Credit Tab
  • 5.3.15 Purchase Details Tab
  • 5.3.16 Multi Tenor Tab
  • 5.3.17 Viewing Event Details
  • 5.3.18 Specifying Advices, FFTs and Instructions for a Bill
  • 5.3.19 Specifying the Settlement Details
  • 5.3.20 Capturing Split Settlement Details for a Bill
  • 5.3.21 Reducing of the LC Cash Collateral
  • 5.3.22 Viewing Profit Details
  • 5.3.23 Viewing Charge Details
  • 5.3.24 Specifying the Tax Details
  • 5.3.25 Specifying the MIS Details
  • 5.3.26 Utilizing Import Licenses
  • 5.3.27 Maintaining Preferences for Finance
  • 5.3.28 Maintaining Charge and Profit Components
  • 5.3.29 Capturing Brokerage Details
  • 5.3.30 Linking contracts to accounts and deposits
  • 5.3.31 Linking a Bill to an FX Deal
  • 5.3.32 Specifying the Field Details
  • 5.3.33 Viewing the Effective Profit Rate Details for a Bill
  • 5.3.34 Viewing Profit Dates
  • 5.3.35 Maintaining Finance Accounts
  • 5.3.36 Transferring Commission and Charges
  • 5.4 Messages
  • 5.4.1 Previewing Messages
  • 5.4.2 Viewing Message/Advice
  • 5.4.3 Printing Message/Advices
  • 5.4.4 Viewing all Messages
  • 5.4.5 Remarks Button
  • 5.4.6 Common Group Message
  • 5.5 Amend the Bill Amount
  • 5.5.1 Amending the Bill Amount
  • 5.5.2 Specifying advices for the amendment
  • 5.5.3 Maintaining Event Details
  • 5.5.4 Maintaining Profit Details
  • 5.5.5 Maintaining Charges Details
  • 5.5.6 Maintaining Tax Details
  • 5.5.7 Viewing Different Versions of a Bill
  • 5.5.8 About Templates
  • 5.5.9 Deleting a Contract
  • 5.5.10 Specifying Counterparty Details
  • 5.5.11 Viewing the Media Addresses of a Customer
  • 5.5.12 Viewing Islamic BC Contract

    • 6. Liquidation of the Receivable Components of an Islamic Bill

  • 6.1 Introduction
  • 6.2 Liquidate the Outstanding Components of a Bill
  • 6.2.1 Liquidating the Outstanding Components of a Bill
  • 6.2.2 Specifying Details of the Advices that should be Generated
  • 6.2.3 Specifying the Tracer Details
  • 6.3 Reversing Liquidation Entries
  • 6.3.1 Partial Payment of the Discounted Bills
  • 6.4 List of Outstanding Items Report
  • 6.4.1 Invoking this Report
  • 6.4.2 Selection Options
  • 6.4.3 Contents of the Report
  • 6.5 Liquidate of Overdue Components
  • 6.5.1 Liquidation of Overdue Components
  • 6.5.2 Specifying Event Details
  • 6.5.3 Specifying MIS Details
  • 6.5.4 Remarks Button
  • 6.6 Document Arrival Details
  • 6.6.1 Maintaining Document Arrival Details
  • 6.6.2 Document Details Tab
  • 6.6.3 Goods Tab
  • 6.6.4 Remarks Button

    • 7. Defining Discount Accrual Fee Classes

  • 7.1 Introduction
  • 7.2 Steps Involved in Processing Discount Accrual Fees
  • 7.2.1 Defining a Discount Accrual Fee Class
  • 7.2.2 Specifying Accrual Preferences
  • 7.2.3 Associating Discount Accrual Components To Products
  • 7.3 Events and Accounting Entries for Discount Accrual
  • 7.4 Specifying Status Change Details for Discount Accrual
  • 7.5 Processing for Discount Accrual Fees
  • 7.5.1 Computation of Net Discount Accrual Amount for a Processing Day
  • 7.5.2 IRR Calculation and IRR Re-calculation

    • 8. Registration of an Islamic Bill

  • 8.1 Introduction
  • 8.2 Registration Screen
  • 8.2.1 Invoking the Registration Screen
  • 8.2.2 Specifying the Parties Involved in a Bill
  • 8.2.3 Advice Button
  • 8.2.4 Viewing Islamic Bills and Collections Registration Input Summary

    • 9. Automatic Processes

  • 9.1 Introduction
  • 9.2 Branch Parameters
  • 9.2.1 Maintaining Branch Parameters
  • 9.2.2 Specifying the Branch Details
  • 9.2.3 Specifying Preferences for Batch Processing
  • 9.2.4 Specifying the Accrual Level
  • 9.2.5 Specify the Liquidation Details
  • 9.2.6 Specifying the User Defined Fields
  • 9.3 Invoking the Bills Batch Process
  • 9.4 Processes Run during Beginning of Day (BOD)
  • 9.4.1 Automatic Liquidation of Bills
  • 9.4.2 Tracer Generation
  • 9.4.3 Automatic Accrual of Profit
  • 9.4.4 Intra Day Accruals
  • 9.4.5 Automatic Status Changes
  • 9.4.6 Floating Rate Change
  • 9.4.7 Automatic Change from Acceptance to Advance
  • 9.4.8 Automatic Generation Advices

    • 10. Reports

  • 10.1 Introduction
  • 10.2 List of Bills with Pending Document Report
  • 10.2.1 Contents of the Report
  • 10.3 Bills to be Protested Report
  • 10.3.1 Contents of the Report
  • 10.4 List of Bills Eligible for Rediscounting
  • 10.4.1 Contents of the Report
  • 10.5 Islamic Bills in User Defined Statuses
  • 10.5.1 Contents of the Report
  • 10.6 Islamic Bills under Protest
  • 10.6.1 Contents of the Report
  • 10.7 Islamic Overdue Acceptances
  • 10.7.1 Selection Options
  • 10.7.2 Contents of the Report
  • 10.8 Islamic Bills Under Reserve Report
  • 10.8.1 Contents of the Report
  • 10.9 Finalization Overdue Days Report
  • 10.9.1 Selection Options
  • 10.9.2 Contents of the Report
  • 10.10 Islamic Bills and Collections Contract Maturing Bills Report
  • 10.10.1 Contents of the Report
  • 10.11 Islamic Overdue Payments Report
  • 10.11.1 Selection Options
  • 10.11.2 Contents of the Report
  • 10.12 Islamic Bills And Collections Contract Activity Report
  • 10.12.1 Selection Options
  • 10.12.2 Contents of the Report
  • 10.13 Islamic Bills And Collections Contract Overrides Report
  • 10.13.1 Selection Options
  • 10.13.2 Contents of the Report
  • 10.14 Islamic Bills And Collections Automatic Exception Report
  • 10.14.1 Contents of the Report
  • 10.15 IB Issued Report
  • 10.15.1 Contents of the Report
  • 10.16 Import Documents under Islamic Letters of Credit MIS Report
  • 10.16.1 Contents of the Report
  • 10.17 Unaccepted Import Collection Outstanding Documents Report
  • 10.17.1 Contents of the Report
  • 10.18 Islamic Multi Tenor Bills Report

    • 11. Annexure - A

  • 11.1 Free Format Texts (FFTs)

    • 12. Annexure - B

  • 12.1 Suggested Accounting Entries and Advices for Islamic Bills
  • 12.1.1 BOOK: Booking
  • 12.1.2 INIT: Initiation
  • 12.1.3 LIQD: Contract Liquidation
  • 12.1.4 CLOS: Contract Closure
  • 12.1.5 REGN: Contract Registration
  • 12.1.6 BDIS: Discounting
  • 12.1.7 BACP: Bill Acceptance
  • 12.1.8 REVR: Reversal
  • 12.1.9 All Bill Products
  • 12.1.10 ACCR: Profit Accrual
  • 12.1.11 REAS: Reassignment
  • 12.1.12 ADIS: Approval of Discrepancies
  • 12.1.13 REFA: Refusal to Accept
  • 12.1.14 REFP: Refusal to Pay
  • 12.1.15 TAFT: Advice of Fate
  • 12.1.16 TACP: Tracer for Acceptance
  • 12.1.17 TAPY: Transfer for Payment
  • 12.1.18 TDIS: Tracer for approval of discrepancies
  • 12.1.19 TRES: Tracer for release of reserve
  • 12.1.20 All Bill Products
  • 12.1.21 DNTC - Arrival of Document Notice
  • 12.1.22 All Bill Products
  • 12.1.23 ROLL: Rollover
  • 12.1.24 Accounting Roles for transfer of Charge & Commission components from LC to BC
  • 12.1.25 Collateral Bridge Accounting Role
  • 12.1.26 Crystallization Linkage Event
  • 12.1.27 Events for Reversal of Linked Finance before and after initiation of the finance

    • 13. Annexure C - Error Codes and Messages for Islamic Bills and Collections

  • 13.1 Error Codes and Messages

    • 14. Function ID Glossary