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