4. Annexure

This chapter contains the following section:

4.1 Accounting Entries

The following are the various accounting entries for RTGS and SKN Messages.

4.1.1 Accounting entries for RTGS Incoming Debit (from Central Bank)

If the transaction does not fall in to any of the exception queues, then both ‘DRLQ’,’CRLQ’ will be processed.

Event Account Debit/Credit Amount
DRLQ Network GL Credit Charge Amount
DRLQ Intermediary GL Debit Charge Amount

Event Account Debit/Credit Amount
CRLQ Charge/Fees GL Debit Charge Amount
CRLQ Intermediary GL Credit Charge Amount

 

4.1.2 Accounting Entries for SKN/RTGS incoming payments

If the transaction does not fall in to any of the exception queues, then both ‘DRLQ’,’CRLQ’ will be processed.

Event Account Debit/Credit Amount
DRLQ Incoming Network GL (NOSTRO) Debit Transaction Amount
DRLQ Intermediary GL Credit Transaction Amount

Event Account Debit/Credit Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Customer Account Credit Transaction Amount

If the transaction falls on incoming authorization queue then ‘DRLQ’ event will be processed.

Event Account Debit/Credit Amount
DRLQ Incoming Network GL (NOSTRO) Debit Transaction Amount
DRLQ Intermediary GL Credit Transaction Amount

If the transaction is completely authorized from the incoming authorization queue that means the transaction not falls on any exception queue then system will process the ‘CRLQ’ event.

Event Account Debit/Credit Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Customer Account Credit Transaction Amount

If the incoming payment is rejected from the incoming authorization queue then system will process ‘CRLQ event

Event Account Debit/Credit Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Unsettle GL(will be picked up from Product Category) Credit Transaction Amount

If the incoming payment or return of outgoing payment is suspended from the incoming authorization queue then system will process the ‘CRLQ’ event with following accounting entries

Event Account Debit/Credit Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Unsettle GL(will be picked up from Product Category) Credit Transaction Amount

If the incoming payment or return of outgoing payment is authorized from the repair queue then system will not post any accounting entries and the transaction will be moved into incoming authorization queue.

If the incoming payment is rejected from the repair queue then system will process ‘‘CRLQ event

Event Account Debit/Credit Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Unsettle GL(will be picked up from Product Category) Credit Transaction Amount

 

4.1.3 Accounting Entries for SKN/RTGS Outgoing Payments

If the contract is moved to release queue, then ‘DRLQ’ event will be processed.

Event Account Debit/Credit Amount
DRLQ Customer Account Debit Transaction Amount
DRLQ Intermediary GL Credit Transaction Amount

If the contract is released from Release queue, then CRLQ event will be processed.

Event Account Debit/Credit Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Outgoing Network GL (NOSTRO) Credit Transaction Amount

If the contract does not require any manual authorization or release action then both ‘DRLQ’ and ‘CRLQ’ event will be processed. Accounting entries will be posted as below:

Event Account Debit/Credit Amount
DRLQ Customer Account Debit Transaction Amount
DRLQ Intermediary GL Credit Transaction Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Outgoing Network GL (NOSTRO) Credit Transaction Amount

If the contract is rejected from Release queue, then contract will be reversed and the accounting entries will be as given below:

Event Account Debit/Credit Amount
REVR Customer Account Debit Negative transaction Amount
REVR Intermediary GL Credit Negative transaction Amount

If the contract is rejected from Authorization (A1, A2) queues, then system will not process any accounting entries.

For Reject of Incoming Payments (IN) contracts following accounting entries will be posted for DRLQ and CRLQ events.

Event Account Debit/Credit Amount
DRLQ Unsettle GL Debit Transaction Amount
DRLQ Intermediary GL Credit Transaction Amount
CRLQ Intermediary GL Debit Transaction Amount
CRLQ Outgoing Network GL (NOSTRO) Credit Transaction Amount