2.2.1 Documentary Collection

  1. Bills Commission
    Provision to collect Acceptance and Co-Acceptance commission for Bills
    • Commission class enhanced to support BC and IB modules.
    • BC and IB product maintenances enhanced to capture Commission related parameters namely commission components and rules.
    • Commission subsystem introduced in BC online screen to process commission.
  2. Interest Rate Interpolation
    Provision to calculate Floating interest rate based on Interpolation Method - Actual Days.
    • New option Interpolation Method introduced in Trade Finance Bank Preference Maintenance (STDTFBNK) with values Slab Based and Actual Days.
    • Slab Based indicates existing interest rate derivation. Actual Days introduced to derive effective interest rate based on Actual Days.
  3. Automation of Charges and Net Amount in MT752
    Provision to default Charges and Net Amount in 71DCHARGES and 33TOTAMTCLMD
    • Charges deducted from negotiating bank to be defaulted to FFT-71DCHARGES and the same to be populated in MT752.71D.
    • Net amount payable to negotiating bank namely total amount advised minus charges deducted to be defaulted to FFT-33TOTAMTCLMD and the same to be populated in MT752.33A/B.
  4. Display of Accrual entries
    Provision to display ACCR entries based on parameter.
    • ACCR Events Display Count introduced in Trade Finance Bank Preference Maintenance with provision to capture maximum of 100.
    • ACCR events will not be displayed when count is maintained as 0. ACCR events will be displayed until the ACCR Entries Display Count. Once ACCR events count is more than the maintained count, ACCR events will not be displayed.
  5. Non-Conforming Reimbursement Claim
    Provision to capture Non-Conforming Reimbursement Claim details for Export Bills under LC.
    • Reason for Non-Payment Code, Reason for Non-Payment Narrative, Disposal of Reimbursement Claim and Disposal of Reimbursement of Reimbursement Claim Narrative fields introduced in BC online screen.
    • Details can be captured during amendment of Bill provided MT742 was already sent and Reimbursing Bank is a party of the bill.

Parent topic: Release Enhancements