14.2.1 BISS: Booking of an import LC

Liability

Table 14-4 Accounting Entries

Accounting Role	Amount Tag	Dr/Cr Indicator
LC_OCU	LIAB_AMT	Dr
LC_OCU_OFFSET	LIAB_AMT	Cr

Booking LC Contract

When the LC contract gets booked through MT740 processing (Authorization to reimburse), the accounting entries
are passed as follows:

Table 14-5 Accounting Entries

Accounting Role	Amount Tag	Debit/Credit
LC_OCU_OFFSET	REIM_UND_AMT	Dr
LC_OCU	REIM_UND_AMT	Cr

The following accounting entries are passed for the product to handle the entries for Non undertaking portion:

Table 14-6 Accounting Entries

Accounting Role	Amount Tag	Debit/Credit
LC_REM_NU_OFF	REIM_NON_UND_AMT	Dr
LC_REM_NU	REIM_NON_UND_AMT	Cr

Collateral (If Any)

Booking (From Customer Account)

Table 14-7 Accounting Entries

Accounting Role	Amount Tag	Debit/Credit
COLL_CUST_ACC	COLL_AMT_OS	Dr
LC_COLL_ACC	COLL_AMT_OSEQ	Cr

Table 14-8 Accounting Entries (From Customer Account with split details)

Role	Amount Tag	Debit/Credit
COLL_CUST_ACC	COLL_AMT_S01	Dr
COLL_CUST_ACC	COLL_AMT_S02	Dr
LC_COLL_ACC	COLL_AMTEQ	Cr

Booking (From Customer and Obligor Account)

Table 14-9 Accounting Entries

Role	Amount Tag	Debit/Credit
COL_CUST_ACC	COLL_AMT	Dr
LCCOLL_INT_ACCT	COLL_AMTEQ	Cr
COL_OBP_ACC	COLL_AMT_OBP	Dr
LCCOLL_INT_ACCT	COLL_AMTEQ_OBP	Cr

Charges Booking (From Customer Account)

Table 14-10 Accounting Entries

Role	Amount Tag	Debit/Credit
CHG_CUST_ACC	CHARGES	Dr
CHG_INC	CHARGES	Cr

Charges Booking (From Customer Account and Split is checked)

Table 14-11 Accounting Entries

Role	Amount Tag	Debit/Credit
CHG_CUST_ACC	CHG_LIQD_S01	Dr
CHG_CUST_ACC	CHG_LIQD_S02	Dr
CHG_INC	CHG_LIQD	Cr

Booking (From Receivable Account)

Table 14-12 Accounting Entries

Role	Amount Tag	Debit/Credit
CHG_REC	CHARGES	Dr
CHG_INC	CHARGES	Cr

On Receipt (For booking Under Receivable Account)

Table 14-13 Accounting Entries

Role	Amount Tag	Debit/Credit
CHG_CUST_ACC	CHARGES	Dr
CHG_REC	CHARGES	Cr

Commission

Product Level Commission Collection Method : Advance

Non-Accrual

Table 14-14 Accounting Entries

Role	Amount Tag	Debit/Credit
COMM_CUST_ACC	COMMSN	Dr
COMM_INC	COMMSN	Cr

Non- Accrual - Split is checked

Table 14-15 Accounting Entries

Role	Amount Tag	Debit/Credit
COMM_CUST_ACC	COMM_LIQD_S01	Dr
COMM_CUST_ACC	COMM_LIQD_S02	Dr
COMM_INC	COMM_LIQD	Cr

Accrual

CLIQ: Commission Liquidation

Table 14-16 Accounting Entries

Role	Amount Tag	Debit/Credit
COMM_CUST_ACC	<COMN>LIQD	Dr
COMM_RIA	<COMN>LIQD	Cr
COMM_CUST_REV	<COMN>LIQD	Dr
COMM_REC	<COMN>LIQD	Cr

Accrual - Month-End Accrual

Table 14-17 Accounting Entries

Role	Amount Tag	Debit/Credit
COMM_RIA	<COMN>ACCR	Dr
COMM_INC	<COMN>ACCR	Cr
COMM_REV	<COMN>ACCR	Dr
COMM_INCREV	<COMN>ACCR	Cr

Product Level Commission Collection Method : Arrears

Non - Accrual

Table 14-18 Accounting Entries

Role	Amount Tag	Debit/Credit
COMM_RIA	COMMSN	Dr
COMM_INC	COMMSN	Cr

Accrual

ACCR: Month - End Accrual

Table 14-19 Accounting Entries

Role	Amount Tag	Debit/Credit
COMM_REC	ACCR_COMMSN	Dr
COMM_INC	ACCR_COMMSN	Cr
COMM_REV	<COMN>ACCR	Dr
COMM_INCREV	<COMN>ACCR	Cr

CLIQ: Commission Liquidation

Table 14-20 Accounting Entries

Role	Amount Tag	Debit/Credit
COMM_CUST_ACC	<COMN>LIQD	Dr
COMM_REC	<COMN>LIQD	Cr
COMM_CUST_REV	<COMN>LIQD	Dr
COMM_RIA	<COMN>LIQD	Cr

The following accounting entries are maintained for a shipping guarantee product:

Table 14-21 Accounting Entries

Role	Amount Tag	Debit/Credit
LC_COLL_BRIDGE	COLL_AMT	Dr
LCCOLL_INT_ACCT	COLL_AMT	Cr
LC_OCU_OFFSET	LIAB_OS_AMT	Dr
LC_OCU	LIAB_OS_AMT	Cr
LCCOLL_INT_ACCT	COLLAT_DECR	Dr
Customer	COLLAT_DECR	Cr
Customer	COLL_AMT_INCR	Dr
LCCOLL_INT_ACCT	COLL_AMT_INCR	Cr

Table 14-22 Accounting Entries (Collateral with split details)

Role	Amount Tag	Debit/Credit
COLL_CUST_ACC	COLL_AVALAMT_S01	Cr
COLL_CUST_ACC	COLL_AVALAMT_S02	Cr
LCCOLL_INT_ACC	COLL_AVALAMTEQ	Dr