This chapter contains the following sections:
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.
The following is an exhaustive list of events, related advices that are supported for Funds Transfer contract.
The following are the advice wise advice tags that are supported for Funds Transfer contract.
This section contains the following topics:
Advice Tags | Description | ||
---|---|---|---|
SWIFT |
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 |
Advice Tags | Description | ||
---|---|---|---|
SWIFT |
Advice Tags | Description | ||
---|---|---|---|
SWIFT |
Advice Tags | Description | ||
---|---|---|---|
SWIFT |
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 |
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 |
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 |
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:
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) |
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 |