The details of a bill are captured through the Bills - Contract Registration screen. No accounting entries are passed nor will any charges be levied during the registration of a bill. A bill is registered based on the first set of documents (original or duplicate) received. On registration, a acknowledgement reference number is allocated to the bill. At the time of processing a bill that has already been registered, you only need to specify the acknowledgement reference number of the bill.
This chapter contains the following section:
This section contains the following topics:
You can invoke the ‘Bills & Collections Registration Input’ screen by typing ‘BCDTRGON’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button. The ‘Bills & Collections Registration Input’ screen is displayed. Click the new button on the Application toolbar.
If you are calling a bill that has already been registered, double click on the reference number of the bill from the summary screen.
You can view the following:
Acknowledgement Reference Number
The system displays the unique acknowledgement reference number generated for the registeration on save.
Status
The system displays the status of the registration. The options are:
Registeration Type
Specify the type of registeration from the drop-down list. The options are:
Contract Reference
The sytem displays the contract reference number.
The bills that come to your bank can be raised against an LC drawn at an earlier date by another bank.
Our LC Reference
Specify our LC Referece Number.Alternatively, you can select the reference number from the option list. The list displays all the valid reference numbers maintained in the system.
Collection Reference
Enter a unique reference that will help you identify the bill. In case of an outgoing bill you can specify an identification of your own. In case of an incoming bill, you can indicate the reference assigned to the bill by your confirming bank.
Their Letter of Credit Reference
If you are processing an outgoing bill under an LC that was issued by another bank, you can enter the Reference number assigned to the LC by the other bank.
Customer ID
Specify the CIF Id (of the counterparty to the bill. Alternatively, you can select the CIF Id from the option list. The list displays all the valid CIF Ids maintained in the system.
If you are processing an Export bill you should specify details of the ‘Drawer’ of the bill. If the drawer is a customer of your bank you should specify the CIF Id assigned to the customer, the other details of the bill will be automatically picked up.
Customer Name
The system displays the name of the customer.
Party Type
Specify the party type of the customer indicated in the ‘customer’ field. If you are processing an export bill it is defaulted to DRAWER.
Document Duplicate Received
This field is applicable only for Documentary bills. Here you can indicate whether the duplicate set of documents that are required under the bill have been received.
Note
If you had indicated negatively in the ‘Document Original Received’ field you should indicate positively in this field. This is because the bill contract should be entered based on the first set of documents that are received.
Document Original Received
This field is applicable only for Documentary bills. Here you can indicate whether the original set of documents that are required under the bill have been received.
Letter Dated
This field is applicable only for Documentary bills. Here you can indicate the date printed on the covering letter based on which the contract was entered.
This date can be used to retrieve information on pending documents.
The terms that you define for a bill, while registering it, will form the basis on which the bill will be processed. You can specify the following terms for a bill:
Bill Currency
Specify the currency in which the bill is drawn.
Bill Amount
Specify the amount for which the bill is drawn.
While processing a bill that was registered, all the terms that you specify during registration will be displayed in the respective fields of the Contract Main screen.
You can specify the following tenor related details here.
Base Date
The base date is the date from which the tenor specified for the bill becomes effective. The base date is used to calculate the maturity date of the bill. In effect the tenor of the bill will begin from the base date.
For example, you indicate the base date of a bill to be 01-Jan-99 and the tenor of a bill as 45 days. The 45 day tenor of the bill will begin from 01-Jan-99.
If you are processing a sight bill, the base date is the lodgment date and for a usance bill it can be the Invoice date or the Shipping Date.
Tenor
Usance bills are generally associated with a tenor. The tenor of a bill is always expressed in days. The standard tenor defined for the product involved in the bill is defaulted. You can change the default to suit the tenor of the bill you are processing. However the tenor that you specify for a bill should be within the minimum and maximum tenor specified for the product involved in the bill.
The tenor of a sight bill is always defaulted to zero days. You will not have an option to change it.
Maturity Date
The maturity date is the date on which the bill falls due for payment. The maturity date that you specify should be a date later than or equal to the Value date specified for the bill. The maturity date is calculated in the following manner based on the entries you have made to the previous fields:
Maturity Date = Base date + Tenor
You can change the maturity date of a bill that is arrived at using the above method.
Base Date Description
Here you can specify a description of the base date specified in the earlier field. For example, you can indicate that the base date is the lodgment date or the shipment date etc.
Transaction Date
The transaction date is the date on which the bill was entered into Oracle FLEXCUBE. The system defaults the transaction, date to the current system date (today’s date). You cannot amend or change the defaulted date.
Value Date
This is the date from which the bill becomes effective. The accounting entries triggered off by events like input, amendment and liquidation hitting the Nostro and customer accounts will be passed as of the value date.
The value date should be earlier than or same as today’s date. If you do not enter a value date for a bill, the system defaults to today’s date. You can enter a value date of your choice; however it can be one of the following:
Note
The Value date of a bill should not be earlier than the Start Date or later than the End Date specified for the product involved in the bill.
Remarks
Enter information for the internal reference of your bank. This information will be made available at the time you retrieve the information on the bill. Specifying the Details of the Parties Involved in a Bill
In the Bills and Collections Registration Input screen, you can capture details pertaining to all the parties involved in a bill. You can capture the following details in the bill you are registering:
The parties that can be involved in a bill not only depend on the type of bill you are processing but also on the operation that you are performing on the bill.
At the time of processing a bill, which was registered, the documents, tracers, advices and messages applicable to the bill will be sent to the concerned parties, based on the details you specify in this screen.
Note
You can use a particular Party Type only once in a bill that you register.
You can capture the parties details in the ‘Parties’ tab of the ‘Bills & Collections Registration Input’ screen.
Specify the following details:
Party Type
Specify the party type. You can also select the same from the adjoining option list. The list displays all the valid party types maintained in the system.
Party ID
Specify the party ID. You can also select the same from the adjoining option list. The list displays all the valid parties maintained in the system. On selecting the party ID, the following details are displayed:
Click the Advice button to open the Messge screen. Alternatively, you can invoke the ‘Message’ screen by typing ‘CSDMSGVW’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
Contract Reference
Specify the contract reference number. The adjoining list displays a list of reference numbers maintained in the system. Choose the appropriate one.
The system displays the following message details of the contract reference number.
Click ‘Message Detaill’ to view the message in detail.
Click Print buttton to print the acknowledgement advice.
You can invoke the ‘BC Registeration Input Summary’ sc reen by typing ‘BCSTRGON’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
You can filter the search results using the following criteria:
Click ‘Search’ button to display the records matching the specified search criteria. For each record fetched by the system based on your query criteria, the following details are displayed: