4. Annexure
This chapter contains the following section:
4.1 Accounting Entries
The following are the various accounting entries for RTGS and SKN Messages.
- Section 4.1.1, "Accounting entries for RTGS Incoming Debit (from Central Bank)"
- Section 4.1.2, "Accounting Entries for SKN/RTGS incoming payments"
- Section 4.1.3, "Accounting Entries for SKN/RTGS Outgoing Payments"
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 |