en:app:030bsi:080li:0510brtpay

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


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.

Updating/Storing of Amounts (CBS)

Liability (LIA)

Outgoing Correspondence

Details on creation of messages can be found under DOCEOT Messages.

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



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: 2022/12/09 15:55 (external edit)