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Help Table of Contents
Send, Accept and Settle Documents
Transaction BRTPAY
This transaction is either used to send (without settling) documents that have been presented and checked, or to send and settle those documents at the same time. This procedure is controlled via the checkbox “Take up Documents now”.
When dealing with sight documents, the default procedure is set up so that the collection is settled instantly. If the document set is paid in full, this is then closed and the closing date of the contract set to today's date.
When dealing with usance documents, the documents are accepted, the appropriate maturity is booked in and a temporary settlement is generated. However, this temporary settlement cannot be generated if several usance maturities are booked in. In this case, only a final settlement for fees incurred can be created in the transaction.
Document sets with discrepancies are processed using the Processing Discrepant Documents (BRTDCR) transaction.
"Unpaid by Applicant"
When opening an import L/C, the issuing bank enters into an obligation. If L/C-compliant documents are presented, the issuing bank has to pay even if it cannot charge the applicant (if the applicant is insolvent, for instance). To ensure that payment can still be executed in such a rare situation, the “Unpaid by Applicant” checkbox is to be checked. The redemption value of the documents is then credited to the presenting party, whereas the drawee is debited on a separate (loan) account. If the drawee's account is to be charged at a later time, the Late Payment transaction is to be used.
Value-Free Settlement
If the documents are to be settle value-free, this can be controlled via the “Free of Payment” checkbox. The collection is then settled instantly without payment. Detailed information on this option can be found under Free of Payment.
Adding Import Loans to the Drawee (Sight Documents)
For sight documents (see “Payment Conditions”), check the “Take up documents now” checkbox on the “Send and Settle ” panel. Furthermore, the “Create financing” checkbox on the “Funds Settlement” panel should also be checked. The financing details can then be entered on the panel with the same name.
Further particulars on this issue are provided under Loan.
Assignments
Detailed information on the processing of assignments can be found under Assignments.
Syndications
Furthermore, syndications can also be dealt with on the panel of the same name. Detailed information on syndications can be found under Participations Sold (Syndications).
Requirements
An existing Import L/C Document Set contract which is not closed.
There has to be an open Internal Amount (INT) or a booking on UPA.
The document set may not have been refused and returned
Incoming Messages
| Channel | Description | MT | Description | Comment |
|---|---|---|---|---|
| S | SWIFT | 749 | Response to Advice of Discrepancy |
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
If sight documents are to be settled (i.e. if the Take up Documents now checkbox has been checked), all fees not yet settled for the contract are transfered to the Settlement Panel and set to “Settle now”.
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Create | Settlement to be prepared | On Maturity date | Settle Usance Documents at Maturity | For Usance LC's such as Acceptance/Deferred. |
| Replace | UPAU “Interim Maturity date” reached | UPAU Maturity date | Send, Accept and Settle Documents | Only for UPAU LCs if Interim Maturity date is filled. This triggers the 2nd Send Accept and Settle transaction. |
| Create | Repayment Notice of “Finance Type (e.g. Trust Receipt”) | Maturity Date - 1 working day | Repaying a Loan | If “Create Finance” is filled. |
| Create | Past due of “Finance Type (e.g. Trust Receipt”) | Contract is at the Past Due stage (Maturity + Grace days if any) | Past Due Loan | If “Create Finance” is filled. |
| Replace | Revolve request received? | Today + 3 Working Days | Revolving | If Revolving LC and “Awaiting Applicant's Request” checked and “Revolving Type” is “Revolving upon utilization” and “Take up document” flag is checked and “Revolving Number” is less than the Revolving times. |
Updating/Storing of Amounts (CBS)
Liability (LIA)
Outgoing Correspondence
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
Assignments messages and messages concerning Participations Sold (Syndications) will be created.
| Name of Message | Receiver | Message ID | SWIFT | SWIFT Score | TradeConnect | DTA/DTE | Bolero | Comment |
|---|---|---|---|---|---|---|---|---|
| Authorisation to Pay/Accept/Negotiate | Presenter | BRTA2B1 | 752 | If the “Create MT 752” checkbox has been checked | ||||
| Advice of Payment/ Acceptance | Payer | BRTAPL3 | 757 and/or 755/756 | T54 or 781* | DTALCD 781 | 416 | The message is generated when the documents are taken up. Score MT 757 is generated for sight payments, and MT 755/756 for usance payments. Notes on DTA MT781; see next section |
|
| Advice of Discharge | Payer | BRTAPL7 | 731/732 | If the “Create MT 732” checkbox has been checked. The message is set as a suppressed message and needs to be activated manually. This document is available as SWIFT message in English only. | ||||
| Advice of Payment | Payer | BRTAPL8 | 757 | This message will only be created if “Document Condition” is set to “Mixed Payment Documents”. This document is available as SWIFT message in English only. | ||||
| Fee Notification | Payer | BRTAPL9 | DTALCD 786 | The message is only available in DTA format. The 786 is only created when fees are to the recipient are settled separately from document values. If fees are settled together with the document value, fee details are provided for in the 781 and the 786 is not created. The 786 is also not created if the same type of fees (own fees/external fees) are settled in more that one booking. Notes on DTA MT781; see next section |
||||
| Maturity Message | Payer | BRTAPL4 | 776* | DTALCD 776 | 459 | If the recipient has been authorized for DTA/Bolero. | ||
| Document Presentation 1st Mail | Payer | BRTAPL1 | As the actual document is attached to this message, the messages is always sent as a “letter”, regardless of whether the recipient has SWIFT or any other electronic means of receiving messages. First and second mail messages can be suppressed on the Message Details panel if the documents have already been sent using the Sending Documents transaction. | |||||
| Document Presentation 2nd Mail | Payer | BRTAPL2 | ||||||
| Advice of Discharge | Presenter | BRTPRB1 | 732 | The message is only created if the checkbox “Create MT 732” has been checked and the documents have been taken up. | ||||
| Acknowledgment of receipt | Presenter | BRTPRB2 | 730 | The message is generated when usance documents or mixed payment documents are taken up without settlement in BRTPAY. In all other situations, the presenting party receives a settlement message (e.g. MT 756) instead of the confirmation of receipt. | ||||
| Release of Goods | Freight carrier | BRTROG1 | If the goods have been released at the request of the customer or the carrier and the “Release Type” field is set to “Release under AWB, CMR, FCR” or “B/L Endorsement” | |||||
| Shipping guarantee | Freight carrier | BRTROG2 | If the release is based on a shipping guarantee. | |||||
| Redemption of Shipping Guarantee | Freight carrier | BRTROG3 | ||||||
| Acknowledgment Refinancing | Refinancing Bank | BRTRFB1 | If “Finance Type” “Refinancing” was selected |
* The TradeConnect message can alternatively be created in DTA format if this function was activated.
Notes on DTA MT781 / MT786
The following scenarios may occur within a documentary payment:
| Scenario 1) documentary amount charged: USD 10,000.00 fees charged: USD 60.00 An MT 781 is created and no MT786 | Statement MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M34:/POST/USD10, /TELECHAR/USD20, /SWIFT/USD30, :M35:USD10060, :M37:EUR7916,90 |
| Scenario 2) documentary amount charged: USD 10,000.00 fees charged: EUR 60.00 An MT 781 is created for the documentary amount In addition, an MT786 is generated for the fees | Statement MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M35:USD10000, :M37:EUR7869,68 Statement: MT786 :M23:USD10000, :M34:/POST/EUR10, /TELECHAR/EUR20, /SWIFT/EUR30, :M35:EUR60, :M37:EUR60, :M38:20120312 :M39:EUR60, |
| Scenario 3) Documentary amount USD 10,000.00 Charge effected per USD 5,000.00 and EUR 3,944.15 (EUR equivalent: USD 5,000.00) No fees are charged. In this case, no MT781 is created. Instead, a warning is issued “DTA MT781 cannot be created since no documentary amount is settled or the documentary amount is settled in more than one posting row.” | |
| Scenario 4) Documentary value USD 10,000.00 Fees: EUR 60.00 (charge effected: EUR 40.00 + USD 25.47) An MT 781 is created for the documentary value + USD fees. In addition, an MT 786 is created for the EUR share of the fees. | Statement MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M35:USD10025,47 :M37:EUR7869,68 Auszug MT786: :M23:USD10000, :M34:/POST/EUR10, /SWIFT/EUR50, :M35:EUR40, :M37:EUR40, :M38:20120312 :M39:EUR40, |
| Scenario 5) Documentary value: USD 10,000.00 Fees: EUR 60.00 (charge effected as EUR 40.00 + GBP 16.50)) An MT 781 is created for the documentary value. Settlement of fees is made by letter. No MT 786 can be created since MT786 cannot handle multiple currencies. | Statement MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M35:USD10000, :M37:EUR7869,68 |
Release
Signature required
Transaction Panels
Send and Settle
Overview
Discr./Instr.
Shipping Details
allNETT Fields
Advice of Payment
Advice of Discrepancy
Advice Details
Funds Settlement
Financing Details
Interest Details
Assignment
Participation Sold
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Interest Details
Fee Conditions
DTAG Fields
Shipment Details
Send and Settle
Datafields
| Datafield | Description |
|---|---|
| Own Reference | This field contains the reference number of the subcontract created for the respective set of documents presented under the letter of credit. cf Appendix A, Table BRD field OWNREF |
| Own Reference | cf Appendix A, Table LID field OWNREF |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Amount | cf Appendix A, Table CBB field AMT |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Document Amount | This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Date of Receipt of Documents | cf Appendix A, Table BRD field RCVDAT |
| Date of Advice of Payment | cf Appendix A, Table BRD field ADVDAT |
| Date of Expiry | cf Appendix A, Table LID field EXPDAT |
| Usance, Sight or Mixed | cf Appendix A, Table BRD field DOCFLG |
| Document Set Status | cf Appendix A, Table BRD field DOCSTA |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Amount | This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Presentation Date | cf Appendix A, Table BRD field PREDAT |
| Accept Documents Now | cf Appendix A, Table BRD field ACPNOWFLG |
| Close Contract | Checking this box closes the current contract. |
| Book out Peak Amount | A “peak amount” is understood to be the remaining liability balance under a Letter of Credit that remains unutilized after payment of documents. The checkbox “Book out Peak Amount” can be activated when documents are taken up. If set, the application checks the contract for other pending document sets and calculates the liability amount which should be booked out under the Letter of Credit. The calculation of the amount is displayed in the warnings for the user. |
| Close L/C | Checking this box closes the Letter of Credit. |
| Payment Remitted | cf Appendix A, Table BRD field PAYNOWFLG |
| Usance Payable at Sight/Usance | cf Appendix A, Table LID field UPATYP |
| UPAU days | cf Appendix A, Table LID field UPAUDS |
| UPAU Maturity Date | cf Appendix A, Table BRD field INTMATDAT |
| Request Date for Release of Goods | cf Appendix A, Table BRD field RELGODDAT |
| Instructions Received from Applicant | cf Appendix A, Table BRT field APLINS |
| Role Presenting Party | This field contains the role of the party which has presented documents under the L/C. If this field is open for selection, the available parties are all contracting parties on the beneficiary side (e.g. beneficiary, advising bank, 2nd advising bank). If the documents are presented by another party, it is possible to select “presenting bank”, which will then open an address field for input. cf Appendix A, Table BRD field DOCPRBROL |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Payer | cf Appendix A, Table BRD field DOCPYRROL |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
Overview
Discr./Instr.
Datafields
| Datafield | Description |
|---|---|
| Discrepancies | cf Appendix A, Table BRT field DOCDIS |
| Discrepancies Modified | cf Appendix A, Table BRT field DOCDISFLG |
| Ignore Discrepancies | cf Appendix A, Table BRD field IGNDISFLG |
| Comments and Conclusions | cf Appendix A, Table BRT field COMCON |
| Settlement Instructions BR | cf Appendix A, Table BRT field SETINSBR |
| Copies in 1st Mail | This field contains the number of documents in figures to be sent with the first mail. If documents are to be sent with one mail only, insert the total number of each document in this column. |
| Copies in 2nd Mail | This field contains the number of documents to be sent by second mail (if any) |
| Document Description | This field contains the kind of document to be mentioned in the document specification. Either select a document from the selection list or enter the document manually. |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Type of Advice Received | cf Appendix A, Table BRD field ADVTYP |
| Date to be Paid | cf Appendix A, Table BRD field TOTDAT |
| Date of Discrepancy Advice | cf Appendix A, Table BRD field DISDAT |
| Documents on Approval Basis | cf Appendix A, Table BRD field APPROVCOD |
Shipping Details
Datafields
| Datafield | Description |
|---|---|
| Release of Goods | cf Appendix A, Table BRD field RELGODFLG |
| Release Type | cf Appendix A, Table BRD field RELTYP |
| Expiry Date of Shipping Guarantee | cf Appendix A, Table BRD field EXPDAT |
| Transport Document Type | cf Appendix A, Table BRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table BRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table BRD field TRADAT |
| Mode of Transport | cf Appendix A, Table BRD field TRAMOD |
| Vessel Name | cf Appendix A, Table BRT field VESNAM |
| Identification of Goods | cf Appendix A, Table BRT field ROGGOD |
| Place of Delivery | cf Appendix A, Table BRT field DELPLC |
| Port of Discharge | cf Appendix A, Table BRT field PORDIS |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Release Goods to Applicant? | cf Appendix A, Table BRD field RTOAPLFLG |
| Release to Address | cf Appendix A, Table BRT field RELSTOADR |
allNETT Fields
Datafields
| Datafield | Description |
|---|---|
| Date of Transport Document | cf Appendix A, Table BRT field INC22032 |
| Shipping Route | cf Appendix A, Table BRT field INC22033 |
Advice of Payment
Datafields
| Datafield | Description |
|---|---|
| Currency | cf Appendix A, Table CBB field CUR |
| Additional Amount | cf Appendix A, Table CBB field AMT |
| Charges Deducted | cf Appendix A, Table BRT field CHADED |
| Charges Added | cf Appendix A, Table BRT field CHAADD |
| Currency of Total Amount to be Paid | cf Appendix A, Table BRD field TOTCUR |
| Total Amount to be Paid | cf Appendix A, Table BRD field TOTAMT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Narrative (TAG 77A of MT754) | cf Appendix A, Table BRT field NARTXT77A |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Advice of Discrepancy
Advice Details
Funds Settlement
Datafields
| Datafield | Description |
|---|---|
| Document Amount to be settled | The document is reduced by the reduction amount. |
| Document Amount Part | This field contains the document amount portion of the document set. Together with the content of the field “Additional Amount Part”, the settlement amount is calculated. |
| Additional Amount Part | This field contains the additional amount portion of the document set. Together with the content of the field “Document Amount Part”, the settlement amount is calculated. |
| Free of Payment Flag | cf Appendix A, Table BRD field FREPAYFLG |
| Reduction Amount | This amount can be part of the document amount and reduces the settlement amount. |
Financing Details
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table TRD field OWNREF |
| Parent Reference | cf Appendix A, Table TRD field PNTREF |
| Responsible User | cf Appendix A, Table TRD field OWNUSR |
| Date Issued | cf Appendix A, Table TRD field ISSDAT |
| Type of Financing | cf Appendix A, Table TRD field FINTYP |
| Special type of financing | cf Appendix A, Table TRD field FINSUBTYP |
| Type of risk | cf Appendix A, Table TRD field FINRSKTYP |
| Recourse Flag | cf Appendix A, Table TRD field FINRECFLG |
| % Financed | cf Appendix A, Table TRD field PCTFIN |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Finance Amount | cf Appendix A, Table CBB field AMT |
| Start Date Tenor | cf Appendix A, Table TRD field STTTENDAT |
| Maturity Date | cf Appendix A, Table TRD field MATDAT |
| Financing period | cf Appendix A, Table TRD field INTDAY |
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Base Rate | cf Appendix A, Table TRD field IRTCOD |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Fixed price for total maturity | Alternative fixed amount for the total term to maturity. (instead of an interest rate for 'Our margin') |
| Total interest rate | Sum of interest costs + liquidity costs + our margin The total interest rate used to calculate the commission. |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
| Surcharge Applied to Interest Rate | cf Appendix A, Table TRD field INTRAT |
| draft serial number | cf Appendix A, Table TRD field DRWVOCNUM |
| Pay supplier | cf Appendix A, Table TRD field PAYSUPFLG |
| Bill/ Usance Start Date | cf Appendix A, Table TRD field BACUSADAT |
| Standard tenor | cf Appendix A, Table TRD field BACSTDTEN |
| Currency of the financed amount | cf Appendix A, Table TRD field FINCUR |
| Financed amount (bankers acceptance) | cf Appendix A, Table TRD field FINAMT |
| Draw down method for ECR | cf Appendix A, Table TRD field ECRMET |
| Transport Document Date | cf Appendix A, Table TRD field ECRTRDDAT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Information Finance Party | cf Appendix A, Table TRT field INFPTY |
| Goods Code (for Statistics) | cf Appendix A, Table TRD field STAGOD |
| Provide Shipment Details | cf Appendix A, Table TRD field SHPFLG |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Interest Details
Datafields
| Datafield | Description |
|---|---|
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Pastdue Total Interest rate | Sum of ('Cash Base' + 'Liquidity Cost' + 'Past Due Margin'). The Total Interest rate used to calculate Past due commission. |
Compliance
Interest Details
Datafields
| Datafield | Description |
|---|---|
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
DTAG Fields
Shipment Details
Datafields
| Datafield | Description |
|---|---|
| Shipment from | cf Appendix A, Table TRD field SHPFRO |
| Port of Loading | cf Appendix A, Table TRD field PORLOA |
| Port of Discharge | cf Appendix A, Table TRD field PORDIS |
| For Transportation to | cf Appendix A, Table TRD field SHPTO |
| Transport Document Type | cf Appendix A, Table TRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table TRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table TRD field TRADAT |
| Mode of Transport | cf Appendix A, Table TRD field TRAMOD |
| Vessel Name | cf Appendix A, Table TRT field VESNAM |
| Identification of Goods | cf Appendix A, Table TRT field ROGGOD |
| Incoterm Version | cf Appendix A, Table TRD field INCTRMVER |
| Incoterm Code | cf Appendix A, Table TRD field INCTRMCOD |
en/app/030bsi/080li/0510brtpay.txt · Last modified: 2024/02/29 12:53 (external edit)
