Contents
1. Preface
1.1 Introduction
1.2 Audience
1.3 Documentation Accessibility
1.4 Organization
1.5 Related Documents
1.6 Glossary of Icons
2. Islamic Bills and Collections - An Overview
2.1 Introduction
2.2 Features
2.3 Operations you can Perform on a Islamic Bill
2.4 Profit and Charge Liquidation
3. Islamic Bills Maintenance
3.1 Introduction
3.2 Documents and Clauses
3.2.1 Maintaining Documents and Clauses
3.2.2 Specifying the Document Details
3.2.3 Specifying Clause Details
3.2.4 Specifying Values for the User Defined Fields
3.2.5 Operations on the Document Maintenance Screen
3.3 Goods
3.3.1 Maintaining Goods
3.3.2 Specifying Goods Details
3.3.3 Specifying Values for the UDF
3.3.4 Operations on the Goods/Commodity Maintenance Record
3.4 Instruction Codes
3.4.1 Maintaining Instruction Codes
3.4.2 Specifying Instructions Code Details
3.4.3 Specifying Values for the User Defined Fields
3.4.4 Operations on the Instruction Code Maintenance Record
3.5 Free Format Texts (FFT)
3.5.1 Maintaining Free Format Texts (FFT)
3.5.2 Specifying Values for the User Defined Fields
3.5.3 Operations on the FFT Maintenance Record
3.6 Discrepancy Codes
3.6.1 Maintaining Discrepancy Codes
3.6.2 Specifying Values for the UDFs
3.6.3 Operations on the Discrepancy Code Maintenance Record
3.7 Insurance Company Details
3.7.1 Maintaining Insurance Company Details
3.7.2 Specifying Values for the UDFs
3.7.3 Operations that You can Perform on a Insurance Company Record
3.8 Exchange Rate Type based on Transaction Amount
3.8.1 Application of Exchange Rate Type based on Transaction Amount
3.8.2 Specifying the Exchange Rate Maintenance Details
3.8.3 Specifying Values for the User Defined Fields
4. Defining the Attributes of an Islamic Bills and Collections Product
4.1 Introduction
4.2 Characteristics for a Product
4.2.1 Defining Characteristics for a Product
4.3 Specifying the Role Details
4.4 Specifying Event Details
4.5 Specifying Preferences for a Product
4.5.1 Main Preferences
4.5.2 Specifying Main Preferences
4.5.3 Specifying Profit and Charge Details
4.6 Specifying The Charges
4.7 Specifying MIS Details
4.8 Specifying ICCF Details
4.9 Specifying Discount Accrual Details
4.10 Specifying Tax Details
4.11 Specifying Tracer Details
4.12 Specifying Free Format Text Details
4.13 Documents for a Product
4.13.1 Specifying Documents for a Product
4.13.2 Specifying the Clauses that should Accompany the Document
4.14 Status Details
4.14.1 Specifying Status Details
4.14.2 Indicating if Status Changes have to be carried out Automatically
4.14.3 Advices to be Generated for a Status Change
4.14.4 Specifying the Number of Days for a Status Change
4.14.5 Changing the GL under which the Bill is Reported
5. Processing Islamic Bills
5.1 Introduction
5.2 Invoking the Islamic BC Contract Detailed Screen
5.3 Details of a Bill
5.3.1 Entering Details of a Bill
5.3.2 Main Tab
5.3.3 Details Tab
5.3.4 Additional Tab
5.3.5 Parties Tab
5.3.6 Documents Tab
5.3.7 Exception Tab
5.3.8 Discrepancies Tab
5.3.9 Rollover Tab
5.3.10 Viewing Rollover Details of the Original Bill Contract
5.3.11 Draft Tab
5.3.12 Insurance Tab
5.3.13 Invoice Tab
5.3.14 Packing Credit Tab
5.3.15 Purchase Details Tab
5.3.16 Multi Tenor Tab
5.3.17 Viewing Event Details
5.3.18 Specifying Advices, FFTs and Instructions for a Bill
5.3.19 Specifying the Settlement Details
5.3.20 Capturing Split Settlement Details for a Bill
5.3.21 Reducing of the LC Cash Collateral
5.3.22 Viewing Profit Details
5.3.23 Viewing Charge Details
5.3.24 Specifying the Tax Details
5.3.25 Specifying the MIS Details
5.3.26 Utilizing Import Licenses
5.3.27 Maintaining Preferences for Finance
5.3.28 , Maintaining Charge and Profit Components
5.3.29 Capturing Brokerage Details
5.3.30 Linking contracts to accounts and deposits
5.3.31 Linking a Bill to an FX Deal
5.3.32 Specifying the Field Details
5.3.33 Viewing the Effective Profit Rate Details for a Bill
5.3.34 Viewing Profit Dates
5.3.35 Maintaining Finance Accounts
5.3.36 Transferring Commission and Charges
5.4 Messages
5.4.1 Previewing Messages
5.4.2 Viewing Message/Advice
5.4.3 Printing Message/Advices
5.4.4 Viewing all Messages
5.5 Remarks
5.6 Common Group Message
5.7 Amend the Bill Amount
5.7.1 Amending the Bill Amount
5.7.2 Specifying advices for the amendment
5.7.3 Maintaining Event Details
5.7.4 Maintaining Profit Details
5.7.5 Maintaining Charges Details
5.7.6 Maintaining Tax Details
5.7.7 Viewing Different Versions of a Bill
5.7.8 About Templates
5.7.9 Deleting a Contract
5.7.10 Specifying Counterparty Details
5.7.11 Viewing the Media Addresses of a Customer
5.7.12 Viewing Islamic BC Contract
6. Liquidation of the Receivable Components of an Islamic Bill
6.1 Introduction
6.2 Liquidate the Outstanding Components of a Bill
6.2.1 Liquidating the Outstanding Components of a Bill
6.2.2 Specifying Details of the Advices that should be Generated
6.2.3 Specifying the Tracer Details
6.3 Reversing Liquidation Entries
6.3.1 Partial Payment of the Discounted Bills
6.4 List of Outstanding Items Report
6.4.1 Invoking this Report
6.4.2 Selection Options
6.4.3 Contents of the Report
6.5 Liquidate of Overdue Components
6.5.1 Liquidation of Overdue Components
6.5.2 Specifying Event Details
6.5.3 Specifying MIS Details
6.6 Remarks
6.7 Document Arrival Details
6.7.1 Maintaining Document Arrival Details
6.7.2 Document Details Tab
6.7.3 Goods Tab
6.7.4 Remarks
7. Defining Discount Accrual Fee Classes
7.1 Introduction
7.2 Steps Involved in Processing Discount Accrual Fees
7.2.1 Defining a Discount Accrual Fee Class
7.2.2 Specifying Accrual Preferences
7.2.3 Associating Discount Accrual Components To Products
7.3 Events and Accounting Entries for Discount Accrual
7.4 Specifying Status Change Details for Discount Accrual
7.5 Processing for Discount Accrual Fees
7.5.1 Computation of Net Discount Accrual Amount for a Processing Day
7.5.2 IRR Calculation and IRR Re-calculation
8. Registration of an Islamic Bill
8.1 Introduction
8.2 Registration Screen
8.2.1 Invoking the Registration Screen
8.2.2 Specifying the Parties Involved in a Bill
8.2.3 Advice Button
8.2.4 Viewing Islamic Bills and Collections Registeration Input Summary
9. Automatic Processes
9.1 Introduction
9.2 Branch Parameters
9.2.1 Maintaining Branch Parameters
9.2.2 Specifying the Branch Details
9.2.3 Specifying Preferences for Batch Processing
9.2.4 Specifying the Accrual Level
9.2.5 Specify the Liquidation Details
9.2.6 Specifying the User Defined Fields
9.3 Invoking the Bills Batch Process
9.4 Processes Run during Beginning of Day (BOD)
9.4.1 Automatic Liquidation of Bills
9.4.2 Tracer Generation
9.4.3 Automatic Accrual of Profit
9.4.4 Intra Day Accruals
9.4.5 Automatic Status Changes
9.4.6 Floating Rate Change
9.4.7 Automatic Change from Acceptance to Advance
9.4.8 Automatic Generation Advices
10. Reports
10.1 Introduction
10.2 List of Bills with Pending Document Report
10.2.1 Contents of the Report
10.3 Bills to be Protested Report
10.3.1 Contents of the Report
10.4 List of Bills Eligible for Rediscounting
10.4.1 Contents of the Report
10.5 Islamic Bills in User Defined Statuses
10.5.1 Contents of the Report
10.6 Islamic Bills under Protest
10.6.1 Contents of the Report
10.7 Islamic Overdue Acceptances
10.7.1 Selection Options
10.7.2 Contents of the Report
10.8 Islamic Bills Under Reserve Report
10.8.1 Contents of the Report
10.9 Finalization Overdue Days Report
10.9.1 Selection Options
10.9.2 Contents of the Report
10.10 Islamic Bills and Collections Contract Maturing Bills Report
10.10.1 Contents of the Report
10.11 Islamic Overdue Payments Report
10.11.1 Selection Options
10.11.2 Contents of the Report
10.12 Islamic Bills And Collections Contract Activity Report
10.12.1 Selection Options
10.12.2 Contents of the Report
10.13 Islamic Bills And Collections Contract Overrides Report
10.13.1 Selection Options
10.13.2 Contents of the Report
10.14 Islamic Bills And Collections Automatic Exception Report
10.14.1 Contents of the Report
10.15 IB Issued Report
10.15.1 Contents of the Report
10.16 Import Documents under Islamic Letters of Credit MIS Report
10.16.1 Contents of the Report
10.17 Unaccepted Import Collection Outstanding Documents Report
10.17.1 Contents of the Report
10.18 Islamic Multi Tenor Bills Report
11. Annexure - A
11.1 Free Format Texts (FFTs)
12. Annexure - B
12.1 Suggested Accounting Entries and Advices for Islamic Bills
12.1.1 BOOK: Booking
12.1.2 INIT: Initiation
12.1.3 LIQD: Contract Liquidation
12.1.4 CLOS: Contract Closure
12.1.5 REGN: Contract Registration
12.1.6 BDIS: Discounting
12.1.7 BACP: Bill Acceptance
12.1.8 REVR: Reversal
12.1.9 All Bill Products
12.1.10 ACCR: Profit Accrual
12.1.11 REAS: Reassignment
12.1.12 ADIS: Approval of Discrepancies
12.1.13 REFA: Refusal to Accept
12.1.14 REFP: Refusal to Pay
12.1.15 TAFT: Advice of Fate
12.1.16 TACP: Tracer for Acceptance
12.1.17 TAPY: Transfer for Payment
12.1.18 TDIS: Tracer for approval of discrepancies
12.1.19 TRES: Tracer for release of reserve
12.1.20 All Bill Products
12.1.21 DNTC - Arrival of Document Notice
12.1.22 All Bill Products
12.1.23 ROLL: Rollover
12.1.24 Accounting Roles for transfer of Charge & Commission components from LC to BC
12.1.25 Collateral Bridge Accounting Role
12.1.26 Crystallization Linkage Event
12.1.27 Events for Reversal of Linked Finance before and after initiation of the finance
13. Annexure C - Error Codes and Messages for Islamic Bills and Collections
13.1 Error Codes and Messages
14. Function ID Glossary