11.2.2.5 Outgoing Payment

Table 11-45 Stage

Stage	Clean / Doc	Sight/Usance	Bill Under LC
FIN	DOC	Sight only	Yes (Mandatory)

Table 11-46 Accounting Entries

GL Type	A/C Type	Dr/Cr	Account Description	CCY	Amount
Real	Income	Cr	Charges earned.	LCY	Equivalent charge amount in LCY.
Real	Customer /Account Receivable	Dr	Customer/Charges Receivable	CCY	Equivalent amount of charges in the charge currency if it is a Account Receivable else Equivalent amount of charges in Customer Account Currency
Real	Nostro /Vostro	Dr	Nostro / Vostro Settlement Account	CCY	Equivalent Bill amount in the currency of the Nostro / Vostro Account currency.
Real	Customer	Cr	Customer Account	CCY	Equivalent amount of the Bill amount being paid in the Customer Account Currency.
Contingent Liability	GL	Dr	Customer OCU Account	CCY	LC OCU decrement entry in the contract currency. This entry will be passed only if the Bill is under an LC confirmed by the Bank.
Contingent Offset	GL	Cr	GL Contingent Offset Account	CCY	LC OCU decrement offset entry in the contract currency. This entry will be passed only if the Bill is under an LC confirmed by the Bank.

Table 11-47 Advices

Advice Type	Advice Description
RESERVE_RELEASE	Release of Reserve Advice
REMITTANCE_LTR	Remittance Letter
PAYMENT_ADVICE	Payment Advice