3. EOD Processing

This chapter introduces you to the batches maintained for liquidation of Receivable/Payable components at EOD stage. As part of Receivable Liquidation batch,

• For each Receivable entry, a record will be created for ‘Charge Claim Advice’ in Outgoing Browser. Respective messages will be recorded based on the module.
• For each Payable entry, a record will be created for ‘Charge Pay Advice’ in Outgoing Browser. Respective messages will be recorded based on the module.

The messages have to be generated manually from Outgoing Browser. Based on the default media of the customer, either MAIL or SWIFT message will be generated.

This chapter contains the following sections:

• Section 3.1, "EOD for Receivable/Payable Components"

3.1 EOD for Receivable/Payable Components

This section contains the following topics:

• Section 3.1.1, "Processing EOD for Receivable/Payable Components"
• Section 3.1.2, "LQ EOTI Function"
• Section 3.1.3, "LQ EOD Function"

3.1.1 Processing EOD for Receivable/Payable Components

The following End of Day processing is done for receivable/payable components:

• A batch process that reverses, the liquidated receivable components, for a contract that is reversed during the day (the LQ EOTI function). This function should be defined as a mandatory program in the pre-EOC stage.
• A batch process that generates the charge and commission claim advice to the party on behalf of whom a charge or commission was debited, from a receivable account during the day (the LQ EOD function). This function should be defined as a mandatory program in the EOC stage.

3.1.2 LQ EOTI Function

There are some occasions when you have to reverse a contract on which a receivable component has been liquidated. The following is an example:

You issue an LC for Gem Granites on 01 January 1998, for which the charges and commission was debited from a receivable account. On 05 January 1998, you liquidate the commission from the customer’s account.

Thereafter, say on 07 January 1998, you reverse the LC. All the entries for the LC that were passed when the LC was stored (including the entries passed into the receivable account) will be reversed. However, the entries that were passed to liquidate the commission from the customer’s account (which was subsequently done through the liquidation function) will not be reversed. This entry will be reversed by the LQ EOTI of 07 January 1998.

3.1.3 LQ EOD Function

A charge claim advice informs the concerned party, about a component that is outstanding against them. This advice will be generated on the day a contract is booked or when any subsequent amendment for the contract is stored and authorized. The generation of this advice is done by the LQ EOD function. The advices are put in the Outgoing Messaging Browser by this function. You should generate them from the browser.