2.7.6 Debit/Credit Accounting

Accounting entries for credit and debit accounting are handed off to accounting system with debit/credit liquidation accounting code linked at Network Currency preferences.

As a part of debit/Credit liquidation, the following details are sent to accounting system:

Values handed off for Accounting	Debit Liquidation	Credit Liquidation
Event	DRLO	CRLQ
Amount Tag	XFER_AMT	XFER_AMT
*Transaction Account	Debit Account	Credit Account
Offset Account	This is maintained as part of accounting code	This is maintained in accounting system as part of accounting code
Transaction Currency	Debit Account Currency	Credit Account Currency
Transaction Amount	Debit Amount	Credit Amount
Value Date	Transaction Value Date	Transaction Value Date
Offset Currency	Credit Currency	Credit Currency
Offset Amount	Credit Amount	Credit Amount
Local Currency Amount	If either debit currency or credit currency is local currency, corresponding amount is handed off as local currency amount If not, debit amount is converted to local currency in mid rate	Local currency amount of DRLQ will be used

Charge/tax related entries are handed off along with debit liquidation details. Transaction code, Debit/Credit indicator and Netting flag is applicable based on accounting code maintained.

If debit and credit liquidation are on same day, then the credit entries are sent with debit entries in a single hand off.

Note:

For book transfer reversals, credit/debit advice can be generated in Mail, SWIFT MT, or SWIFT MX formats.

If SWIFT is selected as the media in Customer Advice Preferences Maintenance (Function ID: PMDCSADV), the system refers to the Format Preference value in the existing Bilateral Agreement for Cash Messages (Function ID: PMDCMAGT).

Based on the message type specified in the agreement, either SWIFT MT (MT900/MT910) or SWIFT CBPR+ format (camt.054) is generated.