21.1.5.4 Capture Details of the Deal Output

A deal can be settled either in the form of an instrument (a Demand Draft, a Manager’s Check or a Check) or a Message (a S.W.I.F.T, TELEX or Mail message to be sent to the receiver). The details regarding the instrument or message have to be specified in the Message Details screen. The message details that you specify here are applicable only for S.W.I.F.T. The type of S.W.I.F.T. Message that is generated depends on the parties involved in the deal.

Depending on the method in which you want to settle the deal, you should input either Instrument or Message details.

Table 21-11 Settlement Details - Field Description

Field	Description
Specifying instrument details	For a deal that is being settled through an instrument, you should specify the type of instrument being used. It could be Manager’s Check, Check or a Demand Draft. You should also specify the number that will identify the instrument. This number will be printed on the instrument. If the settlement is through an instrument, you cannot specify party details for the deal.
Specify message details	For a SWIFT message, you have to specify: Whether a Cover has to be sent to the Reimbursement Bank, along with the payment message to the receiver Bank to bank payment details, (these can be in the form of instructions or additional information to any of the parties involved in the deal) Information from the sender to the receiver