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Islamic Bills and Collections User Manual
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1. BC LM Limits service unexpected error 1 99999 BC MA001 Record successfully deleted BC No detail records to view MAO0010 BC MA002 Record successfully closed BC MAO003 Record successfully reopened BC MA004 Record successfully saved BC MA005 Document code does not match with language code BC MA006 Discrepancy code does not match with language code BC MA007 Goods code does not match with language code BC MA008 Instructions code does not match with language code BC MA009 Language code does not match with the free format text code BC MA010_ Exchange rate stop limit has to be greater than exchange rate override limit BC MA011 Details for this branch have already been maintained BC MA012_ This branch code does not exist BC MA020 Branch parameters can be maintained only for the current branch BC MA050 All changes made in the editor will not be incorporated BC MA250 Documents cannot be maintained for a clean bill BC MA251 The operation selected is not available for the given combination of product preferences BC MAT01 Product code field cannot be null BC PENO1 Customer id field cannot be null BC PENO2 Cover date cannot be null BC REGO1 Base date 1 is a holiday BC REGO2 Maturity date 1 is a holiday BC Counterparty field cannot be null REG020 BC Customer party type cannot be null REG021 BC Closure not allowed REG02
2. BC From date for profit calculation 1 is a local holiday for current branch UPO061 OK to proceed BC To date for profit calculation 1 is a holiday for currency 2 OK to pro UP0062 ceed BC To date for profit calculation 1 is a local holiday for current branch OK UP0063 to proceed BC Discrepancy resolved date cannot be greater than today UP0066 BC Unresolved discrepancies cannot exist for a bill in final stage UP0067 BC Discrepancies cannot exist for a clean bill not under LC UP0068 BC Payment tracer tracer frequency cannot exist if tracer required is no UP0069 BC Payment tracer tracer receiver party type cannot exist if tracer UP0070 required is no BC Payment tracer tracer medium cannot exist if tracer required is no UP0071 BC Payment tracer tracer frequency is mandatory if tracer required is yes UP0072 BC Payment tracer tracer receiver party type is mandatory if tracer UP0073 required is yes BC Payment tracer tracer medium is mandatory if tracer required is yes UP0074 BC Payment tracer party details not existing for tracer receiver party type UP0075 1 BC Payment tracer tracer medium is mandatory for tracer receiver party UP0076 1 who is a walk in customer BC Payment tracer address details not existing for tracer medium 1 and UP0077 receiver party type 2 BC Payment tracer tracer medium should be null for a non walk in cus UP0078 tomer receiver type
3. Accounting Role Amount Tag Dr Cr Indicator CONT GL BILL_LIQ AMTE CR Q CONT OFFSET GL BILL_LIQ_AMTE DR Q BC CUSTOMER BILL_LIQ_AMTE DR Q NOSTRO BILL_LIQAAMTE CR ACCOUNT Q Note For forfeited bills BCOL entries should be defined with MRG_AMT_EQUIV tag instead of BILL_OS_AMTEQV In LCON event MRG_LIQ_AMOUNT should be used in place of BILL_LIQ_AMTEQ Collection to Discount Check this box if you want to change the operation from Collection to Discount If an under LC Bill needs to be partially financed the same can be booked under Collection and then moved to Discount operation with partial Discount ai ORACLE 4 2 Payment Operation is not supported for multi tenor products however a multi tenor contract can be booked with collection operation and then liquidated when it has to be marked as payment Specifying the Role Details Click the Accounting Roles button to define Accounting Roles for the product you are creating In the screen that corresponds to this icon you can map Accounting Roles to Accounting Heads Accounting Roles Product Code Product Description Class Details Default From Class Class Code Class Description Roles 1 Of 1 Accounting Role Role Description Account Head GL Description For more information on specifying Accounting Roles refer Products User Manual under Modularity
4. The following details are displayed Contract reference number Displays Reference number of the contract for which messages are generated Message Date Displays the message generation date or received date Direction Displays whether the message is an incoming or outgoing message DCN Displays document reference number of a contract Media Displays whether the message is a swift message or mail message Message Type Displays the type of message Swift Message Type Displays the Swift MT number of the message sent or received Receiver Sender Displays Receiver or Sender ID Name Displays the name of the Sender or Receiver Message Status Displays current status of message oes ORACLE 5 5 Test Status Displays the test status Authorized System displays whether the status is authorized or unauthorized Acknowledgement Status Displays the Ack Nack status of a message PDE Flag Displays the PDE flag Select a message and click on Message button to view details of the message Amending the Bill Amount You have the option to amend decrease the bill amount for incoming and outgoing bills You can amend a bill through Islamic Bills and Collections Contract Detailed screen You can amend the bills using Rebate Amount Contract Details El New E3 Enter Query Product Code Characteristics Product Description Fund Id Contract Reference Version Number ig or gt Use
5. Eligible Amount Margin Amount JF n E up m gt Events Advices FFT Settlement Split Settlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC ChargesiCommission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Date Time 5 3 12 1 Specifying Invoice Details You need to specify the following details of the invoice you are raising for the bill e The identification number of the Invoice that you are entering e The date on which the invoice was raised e The amount for which the invoice was raised The invoice amount is taken to be in the currency of the bill against which it was raised You can enter several invoices against a bill However the total invoice amount should be less than or equal to the bill amount of the bill against which he invoice is raised 5 3 12 2 Specifying Margin Details You can indicate the manner in which the margin to be discounted should be derived You can express the margin as e A percentage of the bill amount e A flat amount If you specified percentage indicate the percentage of the bill amount that should be retained as a margin ia ORACLE If you specified amount indicate the margin amount If a margin is applicable the outflow on the
6. Contract Details E New E Enter Query Product Code Characteristics Product Description Fund Id Contract Reference eee Number a id Lel User Reference Operation Source Reference Stage Final x Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies X IGNiag Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Transaction Details Base Date Base Date Description Base Date Code Maturity Date Bill Tenor Transit Days Profit Liquid Preference Interest Liquidation Mode M Profit Component Details From Date To Date Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Checker Date Time Status Authorization Status Date Time You need to specify the following additional details for the rollover of the bill Specifying the Transaction Details for the Bill In this section specify the following details Base Date The base date is used to calculate the maturity date of the bill In effect the tenor of the bill will begin from this date The current system date will be displayed in this field and you cannot change the default value Base Date Description The
7. T34 ORACLE BC AP008_ Acceptance to advance event change process completed BC AP009 Acceptance to advance event change process failed BC AP010 Failed to get commit frequency for acceptance to advance event change batch process BC AP011 Failed to insert details into BCTB_ACP_ADV_LOG table for bills amp col lections contract reference number 1 BC AP012 Failed to update table for BADV event for bills amp collections contract reference number 1 and event sequence number 2 BC AP013 Failed to populate advice table for BADV event for bills amp collections contract reference number 1 and event sequence number 2 BC AP014 Failed to get events for bills amp collections contract reference number 1 and event sequence number 2 BC AP015 Failed to process 2 event for bills amp collections contract reference number 1 and event sequence number 3 during BADV event BC AP016 Failed to authorize bills amp collections contract reference number 1 after processing BADV event BC AP017 From_calc_date is not available for bills amp collections contract refer ence number 1 and event sequence number 2 BC AP018 To_calc_date is not available for advance collection type for bills amp col lections contract reference number 1 and event sequence number 2 BC AP019 From_calc_date cannot be greater than today for bills amp collections contract reference number 1 and even
8. Operation Party Type Party Description DRAWER Drawer DRAWEE Drawee REMITTING BANK Remitting Bank Collection COLLECTING BANK Collecting Bank CASE NEED Case Need GURANTOR Guarantor THROUGH BANK Through Bank ISSUING BANK Issuing Bank At the time of processing a bill which was registered the documents tracers advices and messages applicable to the bill will be sent to the concerned parties based on the details you specify in this screen Note You can use a particular Party Type only once in a bill that you register gt ORACLE 9 1 9 2 9 Automatic Processes Introduction Thus far we have seen the procedures involved in creating products and process bills While processing a bill you were provided with automatic options The events that are to take place automatically are triggered off during the Batch Process The Batch process is an automatic program which is run as a mandatory Beginning of Day BOD and End of Day EOD process The Batch processes that are initiated either at the Beginning of Day BOD or End of Day EOD execute certain events on the days they fall due To recall while entering the details of a bill you were provided with the following automatic options e Automatic liquidation of bills e Automatic tracer generation e Automatic accrual of profit e Automatic contract status change e Automatic change from acceptance to advance e Automatic flo
9. 10 10 1 You can invoke the screen by typing IBRODMAT in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Islamic Bills amp Collections Contract Maturing Bills Report Stage Both Product Selection Product Selection Specific Product Code From Date To Date ReportFormat PDF Printer At Client Report Output Print Printer Specify the following details Stage Indicate whether the maturing bills report is to be generated in initial or final stage of contract You can also generate the report for both the stages Product Selection Indicate whether the reports should be generated for a specific product code or for all product codes If you choose Specific Product Code you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one From Date Select the date from which the contract is matured You can select a date from the adjoining calendar icon Click the calendar icon to select a date To Date Select the date to which the maturity of the contract is valid Click the calendar icon to select a date Click OK to generate the report Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is
10. Customer Address x New amp Enter Query Customer Address Media Customer No Language Location Test Keyword Country Delivery By Answerback Send by Email Add Hold Mail Text Name Address 1 Address 2 Address 3 Address 4 50F Party Details 1 0f1 Message Type Module No of Copies m Change Log Maker Date Time Checker Date Time Mod No Record Status Authorization Status oat ORACLE Note When you specify the CIF ID the system checks whether you have maintained multiple media addresses for the customer If you have maintained multiple media addresses a list of all the media addresses will be displayed in a separate window Viewing the BIC Details of a Customer When the media type of the party is SWIFT and the customer address you have specified happens to be a BIC customer the system automatically displays the related BIC details in the BIC Code Details screen ISDBICDE BIC Code Details EY New amp Enter Query BIC Code Bank Name Customer No Customer Name Bank Address 1 Bank Address 2 Bank Address 3 SWIFT Key Telex Key SWIFT Key Arrangement YES Relations No Mail Keys Sub Type Code BEI Indicator N ADB Member No v Payment Message MT103 Preferred Remit Member Blacklisted Update during upload Cug Member Multi Customer Credit Transfer Multi Customer Credit Generate 102
11. Incoming Payment Stage Clean Doc Sight Usance Bill Under LC INI DOC Sight Only Yes mandatory Accounting Entries None Advices None Incoming Acceptance Initial Stage Clean Doc Sight Usance Bill Under LC INI DOC Usance only Optional Accounting Entries None Advices None Incoming Acceptance Final Stage Clean Doc Sight Usance Bill Under LC FIN DOC Usance only Optional Accounting Entries AIC Dr Account GL Type Type Cr Description p AUNE Real Contin GL Cr CLFA Account CCY Bill amount in the con gent tract currency Real Contin GL Dr CLFA Offset CCY Bill amount in the con gent Account tract currency Advices None 12 33 ORACLE 12 1 4 4 Incoming Acceptance Stage Clean Doc_ Sight Usance Bill Under LC FIN CLE Usance only Not Applicable Accounting Entries AIC Dr Account GL Type Type Cr Description GD amount Real Contin GL Cr CLFA Account CCY Bill amount in the con gent tract currency Real Contin GL Dr CLFA Offset CCY Bill amount in the con gent Account tract currency Advices None 12 1 4 5 Outgoing Acceptance Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable
12. ii ORACLE 4 3 4 4 Specifying Event Details Click the Events button to invoke the Bills Product Events screen Through this screen you can specify the details of the Accounting Entries and Advices that have to be generated for the events that take place during the life cycle of a bill Product Code Product Description Class Details Default Fram Class Class Code Class Description Event Details 1 Of 1 Event Code Description m Accounting Entries Advices For more information on specifying Event Details refer Product Definition User Manual under Modularity Specifying Branch Details Click the Branches amp Currency button to invoke the Branch Currency Restriction screen In this screen you have the option of allowing all the branches of your bank to use the product or restricting its use to only some branches By default when a new product is created no branches will be disallowed Ta ORACLE You can also specify the currencies allowed or restricted for the product This currency corresponds to the Bill currency By default when a new product is created no currencies will be disallowed Branch Currency Restriction Product Code Product Description Class Code Class Description Branch Restrictions Branch 1071 Branch Code Disallowed Allowed Branch Name Defa
13. More than one of the predefined FFTs can be specified for the product you are creating The FFTs including the other details that you define for it will be defaulted to all bills involving this product While entering a bill contract involving this product you can however add to or delete from the defaulted list of FFTs 4 13 0 2 Specifying whether the FFT should Appear in the Advices Sent for the Bill You have an option to specify whether the FFT or instruction is for the internal reference of the bank or should it appear on the advices generated for the bills linked to the product If you do not specify an advice code for an FFT or instruction it is assumed that it is for the internal reference of the bank If the FFT is to appear on the advices you can specify the advice on which the FFT or Instruction should be printed Select an advice code from the list of the advices that you specified for the product in the Advices screen After you have specified details for an FFT click add icon to add it to the list of FFTs for the product Click delete icon to delete an FFT from the screen 4 20 ORACLE 4 13 0 3 4 13 0 4 Indicating whether advice processing charges need to be collected Oracle FLEXCUBE provides you with the facility to automatically debit customers of the charges you incur in sending them advices over different media types When creating a product you can set up these charges However when processing a
14. OLE_LINK3The List of Bills with Pending Document report print details of the bills with pending documents You can use the report to find out whether a bill has already been entered on the basis of the first set of documents received This helps ensure that the same bill is not entered again when the second set of documents are received You can invoke the screen by typing IBRENDOC in the field at the top right corner of the Application tool bar and click on the adjoining arrow button amp List of Bills with Pending Documents Report Product All Product Codes Specific Product Code Product Code az Document Original Duplicate Document Original Documents Covering Date All Covering Dates Specific Covering Dates e Customer Selection All Customers Selected Customer Id Report Format PrinterAt Client You can specify the following parameters here Product Indicate whether the reports should be generated for a specific product code or for all product codes If you choose Specific Product Code you need to specify the product code for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Original Duplicate Document Select original or duplicate or both documents from the adjoining drop down list 10 1 ORACLE 10 2 1 Covering Dates Indicate whether the reports should be
15. CONT GL BILL_LIQ AMTEQ CR CONT OFFSET GL BILL_LIQ_LAMTEQ DR BC CUSTOMER BILL_LIQ_LAMTEQ DR NOSTRO ACCOUNT BILL_LIQ_AMTEQ CR For forfaited bills BCOL entries should be defined with MRG_AMT_EQUIV tag instead of BILL_OS_AMTEQV In LCON event MRG_LIQ_AMOUNT should be used in place of BILL_LIQ_AMTEQ This operation type is treated as a foreclosure and outstanding discount accruals are completed unconditionally when the operation is carried out before the maturity date of an IBC contract linked to the product Refer to the chapter titled Defining Discount Accrual Fee Classes for more information on discount accruals While processing a bill involving the product you need to book a bill under Discount If you change the Operation to Collection the accounting entries defined for BCOL will be passed When the bill is liquidated the accounting entries defined for LCOL will be passed This operation type is treated as a foreclosure and outstanding discount accruals are completed unconditionally when the operation is carried out before the maturity date of a BC contract linked to the product You can refer to the chapter titled Defining Discount Accrual Fee Classes for more information on discount accruals The process for changing a bill status in Oracle FLEXCUBE is given below 4 First you have to unlock the contract 5 Secondly you have to change the operation code 6 Specify the limit
16. Minimum Rate Product Description Category Settlement Currency Level Number Units Grace Period Code Usage Reset Tenor Margin Basis Margin Application Event Description Rule Description Description Maximum Rate Expected C Main Component Bulk Amount Link Contract As Rate Code Days v Auto ad Facility Periodic Default From Class Default Spread Minit For more information on specifying ICCF Details refer Interest User Manual under Modularity 4 25 ORACLE 4 10 Specifying Discount Accrual Details Click Discount Accrual button to invoke the Discount Accrual Preference Association screen Refer to the Discount Accrual chapter in the same user manual for more details Discount Accrual Preference Association Product Code Product Description Class Code Default From Class Class Description Accrual Preference Discount Accrual Required Frequency x Handling of Fore Closure Acquisition Type Day Count Method 1071 Currency Code Currency Name Numerator Method Denominator Method Denominator Method For more information on discount accruals you can refer to the chapter titled Defining Discount Accrual Fee Classes in this manual 4 11 Specifying Tax Details Click the Tax button to indicate the tax schemes that are applicable to the product
17. Unconfirmed Amount When you book a bill contract under a letter of credit the system displays the current unconfirmed amount of the letter of credit contract Available Unconfirmed Amount When you book a bill contract under a letter of credit the system displays the current available unconfirmed amount of the letter of credit contract a ORACLE Liquidation Details Liquidation Amount On selection of Liquidate option in tool bar user can enter the bill amount to be liquidated This is a display only field showing the actual bill amount which is liquidated once a bill is liquidated In this section specify the following details Liquidation Date A liquidation date is meaningful if you have specified that the bill should be automatically liquidated By default the liquidation date of a bill is taken to be the maturity date specified for the bill The Auto liquidation function will automatically liquidate the bill on the liquidation date that you specify Note Suppose you are processing an acceptance bill for which you had specified automatic change of operation from acceptance to advance Then the automatic processes run as part of EOD or BOD will automatically change the operation of the bill from Acceptance to Advance on its liquidation date Profit Liquidation Mode At the time of final liquidation of principal you have the option of either recovering profit immediately or later The profit liquidati
18. You will be allowed to specify whether automatic status change should be in the forward or reverse direction in the status maintenance screen only if you specify that automatic sta tus change is allowed for the product Upload Security This needs to be checked if the Bills contract is to be considered as Banker s Acceptance and uploaded as an instrument into the Securities module The value date of the Bill would be the issue date of the Security and maturity date will be mapped to the redemption date of the security The Bill amount will be uploaded as the initial and current Face Value of the security Liquidate Using Collateral Check this box to indicate that the bill should be liquidated using the collateral account instead of customer account if the collateral account has sufficient funds ats ORACLE 4 6 1 6 4 6 1 7 Transfer Collateral from LI Check this box to indicate that the collateral amount obtained during LI creation should be transferred to the Bill availed under LI proportionately This flag is defaulted from product level and can be modified at contract level after which it cannot be changed Specifying Rekey Requirements All operations on a bill input modification manual liquidation etc have to be authorized by a user other than the one who carried out the operation Authorization is a way of checking the inputs made by a user All operations on a bill except placing it on hold should be aut
19. BC BC contract value date 1 is a local holiday OK to proceed HOLO016 BC Holiday check for liquidation date and bill currency has failed Please HOLO017 check whether holiday table has been maintained BC BC contract liquidation date 1 is a holiday for bill currency 2 OK to HOLO18 proceed BC Local holiday check for liquidation date has failed Please check HOLO019 whether local holiday table has been maintained BC BC contract liquidation date 1 is a local holiday OK to proceed HOLO020 BC Holiday check for profit computation from date and bill currency has HOLO021 failed Please check whether holiday table has been maintained BC BC contract profit computation from date 1 is a holiday for bill cur HOL022 rency 2 OK to proceed BC Local holiday check for profit computation from date has failed Please HOL023 check whether local holiday table has been maintained BC BC contract profit computation from date 1 is a local holiday OK to HOL024 proceed BC Holiday check for profit computation to date and bill currency has failed HOL025 Please check whether holiday table has been maintained BC BC contract profit computation to date 1 is a holiday for bill currency HOL026 2 OK to proceed BC Local holiday check for profit computation to date has failed Please HOL027 check whether local holiday table has been maintained BC BC contract profit computation to date 1 is a local holiday OK to
20. Indicating the Medium for generation It is mandatory for you to also specify the medium through which an advice is to be transmitted An advice can be transmitted through Telex Mail or SWIFT Select the appropriate medium code from the option list Specifying the Tracer Details The Tracer details are for the Chg_Comm_Tracer which is generated after the event has taken place and until till the component is liquidated The details shown in this screen are for information purpose only Login Page ENew E3 Enter Query Contract Reference E Book On Event Code Event Description Module Liquidation Advice Tracer Tracking Event Required Media Frequency Start Days Maximum Number Last Sent Date No of tracers sent Input By Authorized By Contract Status W Authorized Date Time Date Time Accounting Entries Passed during Manual Liquidation Provide Description for Passing an Accounting Entries 6 2 Reversing Liquidation Entries You can reverse the authorized accounting entries that were passed when you liquidated an outstanding receivable component of a bill You can reverse the accounting entries passed for the liquidation of an outstanding component of a bill through the Receivable Liquidation screen Specify the Contract ea ORACLE 6 2 1 6 3 6 3 1 6 3 2 6 3 3 Reference Number of the bill All the outstanding components of the bill that were paid from a receivable account will be displayed
21. Query the component whose liquidation entries you want to reverse Choose Reverse form the Processing sub menu of the Actions Menu The system will prompt you to indicate whether you want to reverse the liquidation entries passed for the outstanding component or make the component outstanding again If you indicate that the entries should be reversed the accounting entries that were passed earlier will be reversed However you will not be able to pass further entries for the payment of that component at a future date If you indicate that the component should be made outstanding the accounting entries that were passed earlier will be reversed and the component will become outstanding again The reversal of the liquidation of a component may sometimes entail a change in the status of the bill If the contract is set for automatic status change this change will be made by the system automatically Partial Payment of the Discounted Bills For discounted export bills you can partially liquidate the principal before the maturity date of the bill In this case correction entries will be passed for the e Profit that has been collected in advance e Profit receivable in the future along with the respective accruals amortization as the case may be List of Outstanding Items Report This report lists all the outstanding items including commissions and charges which have been debited to a GL account which is normally the accounts re
22. Version Number _4 User Reference Operation Source Reference Stage Source Code Main Details Additional Parties Documents Exception Discrepancies Rollover Drafts Insurance Invoice GSM KAEO Purchase Details Multi Tenor IB CI Linkage 1 Of 1 E Sequence Number ClAccountNumber Currency Outstanding Amount Event P Settled Finance 10f1 F Sequence Number Cli Account Number Currency Outstanding Amount Event Settled Amount Events Advices FFT Settlement Split Settlement Collateral Profit Charges Tax ImportLicense MIS Finance Preference Maker Date Time Status Checker Date Time Authorization Status The Packing Credit Subsystem includes the following as detailed under ao ORACLE 5 3 13 1 IB CI Linkage Settled Finance Sequence Number Specify the order in which the system liquidates attached multiple loans You need not maintain bridge GLs within Cl Products which allow creation of these Cl accounts as the system replaces the credit settlement bridge with the bridge GL that the IB product maintains automatically Cl Account Number Select the Cl Account Number from the option list provided Event Code The system defaults the appropriate event code while attaching Cl for liquidation and attempting to save These include INIT in case of initial Discount Purchase or Negotiation operation and LIQD BPUR BDIS LPUR and LDIS events Outstanding Amount The system displays the ou
23. cc ccc ceed eee cedee scence e ee edecedv eee cneeeed dee cnedeetedecseeeedees 4 24 49 Specifying ICCF Details 0 cece EE aE EE 4 25 4 10 Specifying Discount Accrual Details cc eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeaeeeeteneaeees 4 26 4 11 Speeding Lax Detalls vite af cctiets 24 shcceeaded sheets bal tothe td Me igeete sad eeetd lal tet an E 4 26 4 12 Specifying Tracer Detaills eccccceceeceescceeeteeeceeeeeeeeeceeeeeesecaeeeeseeacaeseeseeeceseeeeneas 4 27 4 13 Specifying Free Format Text Details 2 0 0 0 cceeeeeeeeeeeeeeneeee eee teeeeeeeeneeeeeeeea 4 28 4 14 Specifying Documents for a Product ccceeeeeeeeeeeeeeeeeeeenneeeeeettaeeeeeetneeeeerenea 4 30 4 14 1 Specifying the Clauses that should Accompany the Document 4 31 4 15 Specifying Status Details aior ia ae E E E 4 31 4 15 1 Indicating if Status Changes have to be carried out Automatically 4 32 4 15 2 Advices to be Generated for a Status Change cccccsceeeeseeeeeteneneeees 4 33 4 15 3 Specifying the Number of Days for a Status Change ccceeeseeeees 4 33 4 15 4 Changing the GL under which the Bill is REpOrted 0 ccccceeeeenee teens 4 33 416 Specifying Field Details seserepan EAE AEE AEE AEE RARE 4 34 Processing Islamic Bills ccccccccceeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeenneneeeeees 5 1 51 Introduction snositi ii aA e hn A E E TEE ANTRE EEIT EEEE cee 5 1 5 2 Invoking the Islamic BC Contract D
24. e MT701 e MT711 e MT721 You can add to or delete from the list of FFTs that are defaulted from the product involved in the bill To add an FFT to the list click add icon and select the code that identifies the FFT from the option list The description of the FFT is automatically picked up and displayed You can edit the FFT description that is defaulted to suit the requirements of the bill you are processing To delete an FFT from list highlight the code that identifies the FFT and click delete icon Note If an Advice of Fate MT 422 is to be generated for an event it is mandatory that you enter a description for the following FFT codes SNDRRCVRINFO FIELD 72 ADVFATEPQRY FIELD 75 ADVFATEPANS FIELD 76 Fop ORACLE 5 3 17 3 Specifying Instructions for a Bill 5 3 18 You have defined instructions and assigned codes to them in the Instruction Code Maintenance screen These instructions can be sent along with the advices that are generated to the parties involved in the bill When you select an advice code the advice code is displayed in the Instruction section of the screen This indicates that the Instructions that you choose will appear on the advice which is displayed The Instruction Codes indicated for the product to which the bill is associated will be defaulted to this screen You can add or delete instruction codes from the defaulted list of Instructions that accompanies a
25. 2 BC TR016 Failed to update number of acceptance tracers sent for bills amp collec tions contract reference number 1 BC TR017 Failed to update number of acceptance advices sent for bills amp collec tions contract reference number 1 BC TR018 1 tracer generation process failed BC TR019 Failed to generate acceptance tracer for bills amp collections contract ref erence number 1 BC TR020 Failed to generate payment tracer for bills amp collections contract refer ence number 1 BC TR021 Failed to generate discrepancy tracer for bills amp collections contract ref erence number 1 BC TR022 Failed to get commit frequency for tracer generation process BC TR023 First run the predecessor process before running this BC UDS01 Product code field cannot be null BC UDS02 Status code field cannot be null BC UDS03 Currency code field cannot be null BC UN001 Unauthorized contract can be amended only by the user who input or amended it BC UN003 This version of the contract is unauthorized Cannot amend 13 23 ORACLE BC Failed to get commit frequency for the BC upload function UP0001 BC Failed to generate the process id for the current upload process UP0002 BC Failed to lock contract for BC upload reference 1 UP0003 BC For a documentary bill documentary details are mandatory The same UP0004 is not true for BC upload reference 1 BC For a clean bill document details c
26. Account Number Indicates Account Number Account Name Currency Indicates Account Name Indicates Currency Amount Indicates bill amount Instrument Number Description Indicates Instrument Number Indicates Description Cheque Number Indicates Cheque Number Reference Number Indicates Reference Number Maker Id Indicates Maker Id Maker Date Stamp Indicates Maker Date Stamp Checker Id Checker Date Stamp Indicates Checker Id Indicates Checker Date Stamp 10 27 ORACLE 10 16 Import Documents under Islamic Letters of Credit MIS 10 16 1 Report The Import Documents under Islamic Letters of Credit MIS report prints details of the documents imported under Islamic LC MIS You can invoke the screen by typing IBRPIDLC in the field at the top right corner of the Application tool bar and click on the adjoining arrow button import Documents under Islamic Letters of Credit MIS Report Product Group From Date To Date ReportFormat PDF Printer At Client Report Output Print Printer Specify the following details Product Group Specify a valid product group for which you want to generate report from the adjoining option list Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following detai
27. Advice type Advice Description DOC_ARVL_NOTICE Document Arrival Notice 12 1 23 ROLL Rollover Accounting Entries Event Accounting Role Amount Tag Dr Cr Indicator ROLL ROLL_BRIDGE_GL PRINCIPAL_ROLL Debit ROLL ADV UNDER LCS PRINCIPAL_ROLL Credit INIT ADV UNDER LCS PRINCIPAL_ROIN Debit INIT ROLL_BRIDGE_GL PRINCIPAL_ROIN Credit INIT LC_BC_COLL_BRIDGE CASH_COLL_AMT Debit INIT BILL COLLATERAL CASH_COLL_AMTEQ Credit Amount Tags Amount Tag Description PRINCIPAL_ROLL Rollover Amount PRINCIPAL_ROIN Principal Amount 12 1 24 Accounting Roles for transfer of Charge amp Commission components from LC to BC Here LC_COMM component and LC_CHG component are defined in the LC product where the Collect LC Commission in Bills option is checked SI No Accounting Role Description 1 LC_CHG_COMP_RECV LC Charges Receivable 2 LC_COMM_COMPRECV LC Commission Receivable 3 BC_LC__CHG_COMP_RECV BC Charges Receivable from LC 4 BC_LC_COMM_COMPRECV BC Commission Receivable from BC 12 1 24 1 Accounting Definition for Charges Commission as a part of Bills The following accounting roles are maintained in the INIT LIQD and AMND events of Bills 1246 ORACLE Accounting Roles Accounting role Description LC_CHG_COMP_RECV LC Charges Receivable LC_COMM_COMPRECV LC Commission Receivable BC_LC_CHG_
28. BC XV014 Profit calculation from date and to date is mandatory BC XV015 Party details not complete BC XV016 Clean bills cannot be put in initial stage ed ORACLE BC XV017 Bills cannot be registered through this function BC XV018 Document letter date cannot be greater than today BC XV019 Resolution date is mandatory for resolved discrepancies BC XV020 Resolution date cannot be greater than today BC XV021 Profit calculation from date cannot be greater than today BC XV022 Line details not complete BC XV023 If tracer is required and receiver is not a CIF then medium is manda tory BC XV024 If advice of fate is required and receiver is not a CIF then medium is mandatory BC XV025_ There are addresses maintained for this party Delete them before deleting the party BC XV026 There are clauses attached to this document code Delete them before deleting this document code BC XV027 Document details not applicable for clean bills BC XV028 Acceptance message date cannot be greater than today BC XV029 Non acceptance message date cannot be greater than today BC XV030 Payment message date cannot be greater than today BC XV031 Non payment message date cannot be greater than today BC XV032 Reserve release date cannot be greater than today BC XV033 Discrepancy details not applicable for clean bills BC XV034 Line for a party t
29. Bill Reference Indicates Bill Reference Number Number Drawee Id Indicates Drawee ID and Drawee Name Drawee Name Bill Type Indicates type of bill Bill Currency Indicates Currency Bill Amount Indicates Bill Amount Tenor Code Indicates Tenor Code 10 4 ORACLE Maturity Date Indicates Maturity date and Protest date Protest Date Reason Indicates Reason Protest Protest Total For Product Indicates the bill amount of the product Total For Currency Indicates the bill amount in currency 10 4 List of Bills Eligible for Rediscounting The List of Bills Eligible for Rediscounting lists the bills eligible for rediscounting You can set preferences as to generation of the report using List of Bills Eligible for Rediscounting screen You can invoke the screen by typing IBROBEFR in the field at the top right corner of the Application tool bar and click on the adjoining arrow button List of Bills Eligible for Rediscounting ReportFormat PDF Printer At Client Report Output Print Printer 10 4 1 Contents of the Report Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module
30. IB COLL_LIQ_AMT Amount tag used for Nostro debit to be credited to the customer IB COLL_LIQ AMTEQ Amount tag used for credit to the customer Purchase Amount Specify the value of the Bill purchased Partial purchases are allowed where the amount tag AMT_PURCHASED indicates the amount used for the purchase Note For multi tenor bills the system defaults the sum of total discounted amount from multi tenor tab Unlinked FX Rate Specify the unlinked FX rate This is the rate at which the system liquidates an LCY Loan utilizing a part purchase amount to which no FX is attached Effective Purchase or Liquidation Rate This rate is defaulted by the Oracle FLEXCUBE system if FX is linked to IB You can use this rate to liquidate a Cl in the LCY of that branch The Oracle FLEXCUBE system finally arrives at the Effective Purchase Liquidation rate by using the method of weighted averages The FX sequence used for arriving at the Effective FX rate remains in the sequence used while initially attaching the same Effective Collection Liquidation Rate This rate is also defaulted if FX is linked to IB and is applied in case of liquidation of Cl when it is in the LCY of the branch The liquidation event of the bills LPUR LDIS and LIQD events are triggered during subsequent to the initial operations of bill purchase discount negotiation oe ORACLE 5 3 15 or normal liquidation events during the life cycle o
31. If contingent entries are defined for the event A C Dr ae GL Type Type Cr Account Description Amount Contingent GL Cr Outgoing Bills under LCs paid Bill amount in the con Asset tract currency Contingent GL Dr Outgoing Bills under LC S Bill amount in the con Offset paid Offset Account tract currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 3 10 Outgoing Purchase Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Sight only No Accounting Entries GL A C Dr Account Amo nt Type Type Cr Description Real GL Asset Cr Outgoing Bills pur Bill Amount in Contract currency chased Real Nostro Dr Nostro Vostro Equivalent amount of the Bill Vostro Account of Settle amount being paid in the Nostro ment Vostro Settlement Account Cur rency Advices None eer ORACLE 12 1 3 11 Outgoing Purchase Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Sight only Not Applicable Accounting Entries GL AIC Dr Account Type Type Cr Description GOY y Antou Real GL Cr Outgoing Bills pur CCY Bill Amount in Contract cur Asset chased rency Real Nostro Dr Nostro Vostro CCY Equivalent amount of the Bill Vostro Account of Settle amount being paid in the Nos ment tro Vostro Settlement Account Currency Advices None 12 1
32. It is meant to indicate the periodic discount accruals for the contract The Accounting Roles that should be associated with the event YACR are Accounting Acquisition Product Describtion Role Type Type P EIMDISCRIA Discount Asset Effective Profit Based Discount To Be Accrued EIMDISCINC Discount Asset Effective Profit Based Discount Accrued Till Date EIMPREMPIA Premium Asset EIM Premium paid in advance EIMPREMEXP Premium Asset EIM Premium Expense EIMINTADJREC Par Asset EIM Profit Adjustment Receivable EIMINTADJINC Par Asset EIM Profit Adjustment Income The Amount Tags for the YACR event Amount Tag Description EIMDISC_ACCR Net Discount Accrual amount for the processing day EIMDISC_ADJ Discount accrual refund amount EIMPREM_ACCR Net premium accrual amount for processing day EIMINTADJ_ACCR Profit adjustment amount EIMPREM_ADJ Premium accrual refund amount Accounting Role Amount Tag Dr Cr Indicator EIMDISCRIA EIMDISC_ACCR Debit EIMDISCINC EIMDISC_ACCR Credit EIMDISCRIA EIMDISC_ADJ Debit CUSTOMER EIMDISC_ADJ Credit CUSTOMER EIMPREM_ADJ Debit EIMPREMPIA EIMPREM_ADJ Credit EIMINTADJREC EIMINTADJ_ACCR Debit EIMINTADJINC EIMINTADJ_ACCR Credit The following entries should be maintained for the YACR event for assets IBC contracts ORACLE EIMPREMEXP EIMPREM_ACCR
33. Maturity date indicates the date of the bill as indicated in the Maturity Date Bills Contract Details screen Transfer Date Transfer date indicates the date on which the bill was trans ferred to its current status Status Aging Indicates the number of days for which the contract has been outstanding Status Code Indicates the current user defined status into which the bill has moved IB Product Code Indicates the product to which the bill is associated Total Indicates the total bill amount us ORACLE 10 6 10 6 1 Islamic Bills under Protest The Islamic Bills under Protest report displays all the bills for which a protest advice has been generated during the day This report is generated automatically as part of the batch processes run as part of EOD However if you choose to generate the report during the day you can specify a date The system will display only those bills for which protest advices were generated as of the date you specify You can invoke the screen by typing IBROBUNP in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Islamic Bills Under Protest Product Code ProductCode All Products Specific Product Report Date Date Report Format Printer At Client Report Output Printer You can specify the following parameters here Product Code Indicate whether the reports should be generated for a specific pro
34. Only a bill for collection can be in registration stage UP0024 BC Bills for collection cannot be in initial stage UP0025 BC Collection reference is mandatory if operation is collection UP0026 BC From date for profit calculation is mandatory for a bill in final stage UP0027 BC LC issue date cannot be greater than today UP0028 BC For a incoming bill documents should have been received and cover UP0029 ing letter date is mandatory BC For a outgoing bill under LC covering letter date is mandatory UP0030 BC Bill liquidated amount cannot be greater than bill due amount UP0031 BC Tenor cannot be zero for a usance bill UP0032 BC Sight bill cannot have a tenor greater than zero days UP0033 BC Tenor cannot be greater than the maximum tenor for the product UP0034 BC Tenor cannot be lesser than the minimum tenor for the product UP0035 BC Maturity date cannot be lesser than base date UP0036 BC From and to profit calculation dates are mandatory for a bill whose UP0037 profit collection in advance BC For a bill in final stage from profit calculation date is mandatory UP0038 BC To profit calculation date cannot be lesser than from profit calculation UP0039 date BC Covering letter date cannot be greater than today UP0040 1325 ORACLE BC From profit calculation date cannot be greater than today UP0041 BC Liquidation date cannot be
35. Process Till Next Working Contract Day Use User Reference No In Liquidate Bill on Incoming Yes Messages MT202 User Ultimate Parent User Reference For Child Contracts Auto Authorize Liquidated Bill Yes M1742 Preferences Tolerance For Nostro Shortage Advice On Receiving Claim Before Reimbursement Auth No of Times Advice To Be Sent Fields Maker Date Time Checker Date Time Mod No Record Status Authorization Status Specifying the Branch Details In this section specify the following details Branch Select the branch code from the option list provided You can maintain branch parameters only from the respective branches Note At the head office level you can alter branch parameters of other branches also Description When you select branch code from the option list the description of the same is defaulted here Specifying Preferences for Batch Processing The events for which you had indicated automatic processing are triggered off during the Batch Process You can specify preferences for the automatic events that fall on a holiday in the Branch Parameters screen Process till Next Working Day If you indicate that the processing has to be done up to the next working day 1 all the automatic events falling due on the holiday will be processed by the batch process as part of the EOD The batch process should process automatic events falling due on a holiday on e
36. discussed in detail in this chapter You can define the attributes specific to an IBC product in the Product Definition screen and the IBC Product Preferences screen In these screens you can specify the product type and set the product preferences respectively For further information on the generic attributes that you can define for a product please refer the following Oracle FLEXCUBE User Manuals under Modularity e Product Definition e Profit e User Defined Fields e Settlements Defining Characteristics for a Product The characteristics that you define for a product helps distinguish it from another The entries that are passed the messages that are generated and the processing of bills involving this product are determined by the characteristics that you define for it You can indicate characteristics like Product Code Select the product code from the option list provided Product Description Specify a description for the product Product Type An important detail in defining a product is to specify the type of product you are creating A Bill product that you create in Oracle FLEXCUBE can be of the following types e Import e Export The type of bill product you are creating determines the operations that can be performed on a bill Description Description of the product type selected Slogan Here you can specify a slogan for the product if required 2 ORACLE Product Group Select the group to
37. product Invoking the Islamic BC Contract Detailed Screen You can invoke the Islamic Bills and Collections Contract Detailed screen by typing IBDTRONL in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button All the operations for which you have access rights under Islamic Bills amp Collections will be displayed Select New from the Actions menu in the Application tool bar or click new icon The Islamic Bills and Collections Contract Detailed screen with no values in the fields is displayed a ORACLE If you are calling a contract that has already been entered select Summary under Contract Input The details of the contracts that you have entered will be displayed in a tabular form From the summary screen you can open an existing contract by double clicking the contract Product Code Characteristics Product Description Fund id Contract Reference Version Number _ 4 of E User Reference Operation Source Reference Stage Final Source Code FLEXCUBE GEW Details Additional Parties Documents Exception Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Customer Details LBL_LC_CUST Customer ID LBL_LC_CUSTNAME Customer Name LC Reference Party Type Collection Reference Bill Details Currency Outstanding Amount Amount Rebate Amount Amount In Local Currency Transaction Details Base Date Code Transaction
38. specific format However the number thus generated will be non editable Note You can specify a format for the generation of the User Reference Number in the Se quence Generation screen available in the Application Browser Refer to the Core Servic es User Manual for details on maintaining a sequence format Fund Id Select the fund id from the adjoining option list The system defaults the value of Default Mudarabah Fund as fund id Operation The operations that you can perform on a bill are determined by the type of bill you are processing The operation that you perform on a bill also determines the accounting entries that are passed and the messages that will be generated You can select an operation from the option list available The type of operation that you can perform on a bill has been listed below Incoming Outgoing International and domestic International and domestic Advance Negotiation Payment Payment Discounting Discounting Collection Collection Acceptance Acceptance Purchase a ORACLE The Islamic Bills and Collections Contract Detailed screen is designed to contain 11 tabs along the lines of which you can enter details of the contract The 11 tabs are Main Click on this tab to enter the essential details of the bill you are pro cessing In this screen you can enter the fields that provide detailed
39. system You can select the appropriate one Overdue Days for Incoming Usance Bill Specify the number of days due for incoming usance bill Overdue Days for Outgoing Usance Bill Specify the number of days due for outgoing usance bill Click OK to generate the report Selection Options You can configure this report to be triggered automatically as part of the batch processes run at EOD or you can generate the report when required from the Reports Browser If the report is generated as part of EOD this report will by default list the following e Import bills in the FINAL stage unaccepted after the seventh day of booking e Export bills in the FINAL stage unaccepted after fourteen days of booking If you generate the report manually from the reports Browser you can indicate preferences such as e The product for which you want details e The Overdue days for Incoming Usance bills e The Overdue days for Outgoing Usance bills 10211 ORACLE 10 7 2 Indicating the product You can generate the report to list the bills with overdue acceptance items associated with all products or a specific product If you want to generate the report to contain overdue items for a specific product select the product code from the option list Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The fol
40. system based on the preferences maintained e All discount accrual accounting roles are made available for transfer e The balances transferred are Premium TBA to Premium Accrued Discount TBA to Discount Accrued e Setting of the Stop Accrual flag stops the discount accrual also This indicates that the YACR event will not be pass any accounting entries e Setting of Reverse Accrual flag reverses the following balances Premium Accrued Discount Accrued For more information refer to the section Aging Analysis for a Product in the chapter titled Product Definition in the Products User Manual Processing for Discount Accrual Fees The System provides a batch process for discount accrual You can trigger the batch process through the Discount Accrual batch screen The YACR eventis initiated and the net discount accrual amount for the day is computed Computation of Net Discount Accrual Amount for a Processing Day The following details are stored in the system during discount accrual e Outstanding bill amount fot ORACLE Outstanding arrears profit accrued Discounted profit to be accrued Premium to be accrued Discount to be accrued Profit adjustment accrued already Premium accrued till date Discount accrued till date Note Catch Up of discount accrual is done during an IBC contract rollover also The net discount accrual amount for a processing day is computed
41. 13 1 port The Islamic Bills and Contracts Overrides report reports all BC contracts that have had overrides during an applicable event executed as of today If you invoke this report as part of EOD it will display all the overrides that were encountered during the various events executed on bills during the course of the day If you invoke this report at other times you can specify the contracts for which the overrides need to be reported Selection Options You can configure this report to be triggered automatically as part of the batch processes run as part of EOD or you can also generate the report as and when required from the Reports Browser If the report is generated as part of EOD it will by default list all the overrides that occurred today while processing bills If you generate the report manually from the reports Browser you can specify preferences for the generation of the report You can invoke the screen by typing IBRONOVD in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Islamic Bills amp Collections Contract Overrides Report Product Selection All Product Codes Specific Product Bills amp Collections Contract Overrides Report All Contract Over rides for the Day All Over rides for Single Contract ReportFormat PDF Printer At Client Report Output Print Printer Specify the following details Product Sele
42. Account or Fees Receivable charges fees in the Receivable charge fee currency if it is a Account Receivable else equivalent amount of charges fees in Cus tomer Account Currency Real Customer Cr Customer Settle CCY Bill amount in the con ment Account tract currency 12 38 ORACLE 12 1 6 4 Real GL Dr Bill Acceptances CCY Bill amount in the con Asset Discounted tract currency Real GL Cr Profit Collected in CCY Discounted Profit Liabil Advance on Dis amount in the contract ity counted Bills currency Real Customer Dr Customer Profit CCY Equivalent Discounted Payment Account Profit amount in the Cus tomer account currency Real GL Cr Bills CLFA Account CCY Bill amount in the con Con tract currency tin gent Real GL Dr CLFA Offset CCY Bill amount in the con Con Account tract currency tin gent Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Outgoing Acceptance to Discount Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG TYPE Cr Description OCN Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY R
43. Actual Actual e 30 Euro 364 e 30 US 364 Profit Amount Specify the profit amount It is the profit to be levied on drawer only at the time of liquidation Waive Select the waiver from the drop down list You have the following options e Yes If you select this option then there will be no implications of calculated profit amount e No Ifyou select this option then you can modify the calculated profit amount System considers the period between the start date and the date of liquidation for calculating profit amount oe ORACLE 5 3 27 2 During liquidation system calculates and displays the amount for each of the defined component Charge Tab In the Drawer Charges screen click Charge tab to maintain the charge details Drawer Charges Contract Reference Start Date Profit KAE harge Details 1 Waive Component Charge Percentage Component Description Charge Amount Component Currency harge Details 2 Waive Component Charge Percentage Component Description Charge Amount Component Currency harge Details 3 Waive Component Charge Percentage Component Description Charge Amount Component Currency Specify the following details in this screen Contract Reference Number The system displays the contract reference number Start Date Specify the Start date for profit details Start date cannot be less than bill booking date Specify the following details pertaining to the charges Ch
44. Contract Reference User Reference Operation Source Reference Stage Final Source Code FLEXCUBE Main Details Additional DERE Documents Exception Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Parties 101 Party Type Party Name County Language Reference Address 1 Address 2 Address 3 o lt b Medium TOI im Media Address ual C Limits Tracking Required Serial Number Operation Customer No Liability Number Linkage Reference No Contribi itt Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Date Time You can capture the following details of the parties involved in the bill you are processing e The party type of the customer 524 ORACLE e The CIF ID assigned to the party e The country to which the party belongs e The party s mail address e The language in which tracers and messages should be sent to the party e The media through which all tracers and advices should be routed e The party s address es for the given media The following table contains a list of party types that can be in
45. Cus tomer Account Cur rency 12 36 ORACLE 12 1 6 2 Real Customer Cr Customer CCY Equivalent Bill Account amount in the cur rency of the Nostro Vostro Account cur rency Real GL Dr Bill Accept CCY Bill amount in the Asset ances Dis contract currency counted Real GL Cr Profit Collected CCY Discounted Profit Liabil in Advance on amount in the con ity Discounted Bills tract currency Real Customer Dr Customer Profit CCY Equivalent Dis Payment counted Profit Account amount in the Cus tomer account cur rency Real GL Cr CLFA Account CCY Bill amount in the Con contract currency tingent Real GL Dr CLFA Offset CCY Bill amount in the Account contract currency Con tingent Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Incoming Acceptance to Discount Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Usance only Not Applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIC Type Cr Description CCY Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the Receivable Fees Receiva charge fee currency if it is
46. Doc Sight Usance Bill under LC FIN CLE Usance only Not Applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description BEY Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receivable Receivable fee currency if itis a Account Receivable else equivalent amount of charges fees in Customer Account Currency 12 11 ORACLE 12 1 2 5 Accounting Entries Real Nostro Cr_ Nostro Vostro CCY Equivalent Bill amount in Vostro Settlement the currency of the Nostro Account Vostro Account currency Real GL Dr Bills Discounted CCY Bill amount in the contract Asset currency Real GL Cr ProfitCollectedin CCY Discounted Profit amount Liabil Advance on Dis in the contract currency ity counted Bills Real Customer Dr Customer Profit CCY Equivalent Discounted Payment Account Profit amount in the Cus tomer account currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice DOC_ARVL_NOTICE Document Arrival Notice ACKNOWLEDGEMENT Acknowledgment Advice Outgoing Payment Stage Clean Doc Sight Usance Bill Unde
47. From Date for Profit Calculation 1 is a holi day for Currency 2 OK to Proceed BC AC061 Acceptance Commission From date for Profit Calculation 1 is a Local holiday for Current branch OK to Proceed BC AC062 Acceptance Commission To date for Profit Calculation 1 is a holiday for Currency 2 OK to Proceed BC AC063 Acceptance Commission To date for Profit Calculation 1 is a Local holiday for Current branch OK to Proceed BC AC064 Profit From Date cannot be null when To Date is present BC ACO65 Acceptance Commission component in the preferences cannot be the main component or overdue component BC XV181 Profit Liquidation Mode Cannot Be Null During Full Liquidation of Bill Amount BC XV182 Profit Components Will Not Be Liquidated For Deferred Type Of Profit Liquidation Mode Proceed BC PMT01 Amount Paid Cannot Be Greater Than Amount Due For Overdue Com ponents BC Rollover Allowed only for Import Advance Bill type ROLL100 BC Rollover cannot be done before Maturity ROLL101 BC Rollover not allowed for zero due bill amount ROLL102 BC Contract status is not Active ROLL103 BC Contract is unauthorized ROLL104 BC ROLL event not maintained at product ROLL105 1382 ORACLE BC Rollover not allowed for this product ROLL106 BC Maturity Date cannot be null ROLL110 BC From Date cannot be
48. Id amp Name This is the Customer Identification number and name Bill Reference Number This is bill reference number Currency This is currency 102 ORACLE 10 3 Bill Amount This is bill amount Covering Letter Date This is covering letter date Original Documents This is original documents received Received Duplicate Documents This is duplicate documents received Received Remitter s Reference This is remitter s reference Remitter s Name This is remitter s name and country Remitter s Country Bills to be Protested Report The Bills to be Protested report print all the bills which need to be protested for Non payment Non acceptance or Non approval of discrepancies A bill whose protest dates for either Non payment or Non acceptance is later than today will also be displayed in the report You can configure this report to be generated automatically as part of the batch processes run as part of EOD Besides you can also generate the report when required If the report is generated as part of EOD this report will list the bills to be protested in the next three days from today s date You can invoke the screen by typing IBROBTBP in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Bills to be Protested Product Code All Products Specific Product ReportFormat PDF Printer At Client Repor O
49. If you specify that the forward or reverse changes should not be carried out automatically the status remains unchanged even if repayment is made on the bill till you specifically change it for a bill You can manually change the status of a bill through the Islamic Bills Contract Details screen Floating Rate Change While defining Floating Rates you have the option of indicating whether the floating rates should automatically be applied to the bill every time they change in the Product ICCF screen The Automatic Floating Rate Change function can be run as part of EOD This function will pick up 29 ORACLE 9 4 7 9 4 8 9 4 8 1 9 4 8 2 e Active and authorized bills e Bills for which you have specified automatic Floating Rate change Every time the Floating rates change the new rates will be applied for the number of days for which they remained unchanged in the rate table This is indicated in the example below Automatic Change from Acceptance to Advance To recall while defining preferences for a product you have the option to indicate whether the movement of a bill from acceptance to advance should be done automatically or manually This preference that you state for a product will be inherited by all the bills linked to the product The Automatic Change from Acceptance to Advance function can be run as part of EOD This function will pick up for processing only bills which are e Active and autho
50. L LODTRONL sseeesseseeesssseeess 6 1 M MSDCUSAD esssseeeesseees 5 94 14 1 14 Function ID Glossary ORACLE 14 2 ORACLE
51. Mod No Record Status Authorization Status To associate discount accrual fee class with a product click the Default From Class button in the Discount Accrual Preference Association screen Select the appropriate discount accrual fee class from the list of classes The attributes defined for the discount accrual fee class defaults to the product You have the option to modify the attributes defined for the class to suit the requirement of the product you are creating Alternatively you can choose to define the discount accrual details for the product The system derives the acquisition type based on the following criteria Product Type Inflow Outflow Acquisition Type Asset Inflow gt Outflow Discount Asset Inflow lt Outflow Premium Asset Inflow Outflow Par An asset here is an IBC contract and Inflow Outflow could pertain to the charges and discounted profit associated with a contract Now if the acquisition type derived by the system for a contract and the acquisition type of the discount accrual class linked at the product are different system does not allow saving of a contract is ORACLE 7 4 Events and Accounting Entries for Discount Accrual When defining the accounting entries for the Finances and Bills modules you must identify the events and accounting entries that are required for discount accrual fee accounting One of these is the YTM based Discount Accrual YACR event
52. Negotiation Negotiating Bank 1 Negotiating Bank 2 Reimbursing Bank Confirming Bank Issuing Bank Drawer Drawee Outgoing Pay Negotiating Bank 1 Negotiating Bank 2 Reimbursing Bank Confirming Bank Drawer Drawee 5 26 ORACLE Outgoing Acceptance Accepting Bank Issuing Bank Reimbursing Bank Negotiating Bank 1 Negotiating Bank 2 Confirming Bank Drawer Drawee Outgoing Discounting Discounting Bank Issuing Bank Reimbursing Bank Negotiating Bank Confirming Bank Drawer Drawee Incoming Collection Through Bank and Ones Guarantor ing Collecting Bank Remitting Bank Drawer Drawee While processing an outgoing collection bill you have the option to change the party that you specified earlier as the e Collecting Bank and e Drawee To change the collecting bank you need to first change the Party Type of the previous collecting bank to Prev Collecting Bank Thereafter select the new collecting Bank from the option list An amendment advice is sent to the previous collecting bank requesting them to transfer the documents to the new collecting bank and a remittance letter is generated to the new collecting bank To change the Drawee of a collection bill you need to change the party type of the previous Drawee to Prev Drawee and select a new drawee from the option list Similarly to change the Drawee of an Incoming Bill you need to change the pa
53. Note However you can change the priority of an advice to High only for Payment Advices Suppress By default all the advices that have been defined for the event will be defaulted to this screen As certain advices may not be applicable to the bill you are processing you can suppress its generation Specifying FFTs for an Advice The list of FFTs associated with an advice is defaulted You can add to or delete from the list of defaulted FFTs 398 ORACLE 5 5 1 2 5 5 2 To add an FFT to the list click add icon and select the code that identifies the FFT from the option list The description of the FFT is automatically picked up and displayed You can edit the FFT description that is defaulted To delete an FFT from the list highlight the code that identifies the FFT and click delete icon Specifying Instructions for an Advice The list of instructions associated with an advice is displayed You can add to or delete from the list of defaulted instructions To add an Instruction to the list click add icon and select the code that identifies the FFT from the option list The description of the FFT is automatically picked up and displayed You can edit the description that is defaulted To delete an instruction from the list highlight the code that identifies the Instruction and click delete icon Maintaining Event Details Events are maintained through the Events screen Click the Events button
54. Overdue Payments Report Islamic Overdue Payments report lists the bills that have Payment items overdue A bill is considered overdue with regard to payment under the following conditions e An import Sight bill unpaid after the seventh day of its booking e An Export Sight Bill unpaid after fourteen days of booking e A Usance bill unpaid after its maturity date 10 18 ORACLE You can invoke the screen by typing IBRODPAY in the field at the top right corner of the Application tool bar and click on the adjoining arrow button islamic overdue Payments Product Code All Product Specific Product Overdue Payments Overdue Days for Incoming Bill Overdue Days for Outgoing Bill ReportFormat PDF Printer At Client Report Output Print v Printer Specify the following details Product Code Indicate whether the reports should be generated for a specific product or for all products If you choose Specific Product you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Overdue Days for Incoming Bill Specify the number of days due for incoming bill Overdue Days for Outgoing Bill Specify the number of days due for outgoing bill Click OK to generate the report 10 11 1 Selection Options You can configure this report to be triggered automa
55. Packing Credit CESARE Multi Tenor Purchase Details Purchase Amount Unlinked FX Rate Effective Collection Liquidation Rate Effective Purchase Liquidation Rate Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax ImportLicense MIS Finance Preference Maker Date Time Status Checker Date Time Authorization Status z You can link pre shipment loans availed by exporters such that they be adjusted against outgoing Bills Discounting of Bills or Purchase of Bills The system then liquidates the loan and credits only the remaining proceeds to the exporter s settlement account You can also allow CI accounts linkages and purchase details only for export bills i e for product of type E Further you can link Cl accounts using the Packing Credit subsystem during the following events e Purchase BPUR e Discount BDIS e Liquidation of purchase and discount LPUR and LDIS e Liquidation LIQD event INIT event of the Islamic BC but only where initial operation is PURCHASE or DISCOUNT or NEGOTIATION You can also select the Packing Credit Product check box under Account Preferences in the Cl Product Preferences Screen to allow linking with bills Cl account creation also involves the packing credit field the value of defaults from the one maintained at Cl Products Note The system throws an error if you enter purchase details for events other than
56. Purchase BPUR Discount BDIS Liquidation of Purchase and Discount LPUR and LDIS Liqui 548 ORACLE dation LIQD and INIT in Islamic BC when the initial operation are PURCHASE DIS COUNT or NEGOTIATION only You can attach a Cl to multiple bills such loan to the bill linking is possible only during the final stages You can modify a linked Cl account only in attached corresponding events before saving Post authorization de linking or modifications are not possible at any stage of the contract Liquidation of an attached Cl during a corresponding event is possible either to the extent of the purchase amount in case of purchase and discount or the liquidation amount in case of liquidation of bill while the amount in excess is credited to the customer You can attach the same Cl that is linked to BPUR and BDIS events for liquidation to LPUR and LDIS events if the outstanding Cl amount is not zero You can also attach another active and authorized Cl account having a non zero outstanding amount to another bill belonging to the same customer Such Cl accounts are not enabled for auto liquidation or attached to any other bill You cannot validate a Cl Contracts and Bills against their creation dates The following amount tags are available in this module Module Amount Tag Description IB LOAN_LIQD_AMT Finance liquidated amount IB AMT_PURCHASED Amount tag used during customer CASA credit
57. Receivable Liquidation Input screen will be displayed Login Page FX New E3 Enter Query Contract Reference Book On Event Code Event Description Module Liquidation Advice Tracer Liquidation Reference Customer Component Party Type Value Date Receivable Account a Code Debit Account _ laz Receive Branch Receivable Account Currency caida Transaction Code Amount Exchange Rate Liquidated Amount Description iP Charge Claim Advice Date Events Input By Authorized By Contract Status I Authorized Date Time Date Time Through this screen you can e Manually liquidate the receivable components of a bill e Reverse the liquidation of an outstanding receivable component Liquidating the Outstanding Components of a Bill On entering the reference number of the bill in the Receivable Liquidation screen the system automatically assigns a liquidation reference number that is unique to the component you are liquidating In addition the following details of the bill are picked up and displayed e The counterparty customer code e Value date of the bill e Account to which the Liquidated amount should be credited e Currency of the receivable account e Branch to which the account belongs e Total outstanding amount for the component as of the Value date the date on which the payment is being made 6 1 ORACLE e Details of the tracers t
58. Sight Usance Bill under LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG TYPE Cr Description GON Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY 12 10 ORACLE 12 1 2 4 Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receiva Receivable charge fee currency if it is ble a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real Nostro Cr Nostro Vostro CCY Equivalent Bill amount in Vostro Settlement the currency of the Nos Account tro Vostro Account cur rency Real GL Dr Bills Discounted CCY Bill amount in the con Asset tract currency Real GL Cr Profit Collected in CCY Discounted Profit amount Liabil Advance on Dis in the contract currency ity counted Bills Real Customer Dr Customer Profit CCY Equivalent Discounted Payment Account Profit amount in the Cus tomer account currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice RESERVE_RELEASE Release of Reserve Advice DOC_ARVL_NOTICE Document Arrival Notice ACKNOWLEDGEMENT Acknowledgment Advice Incoming Discount Clean Stage Clean
59. Tracers Start Tracers After Days Start Tracers After Days Generation Frequency Days Generation Frequency Days Preferred Medium Preferred Medium Tracer Details for Payment Exception Tracer Details for Charge Exception Tracer Generation Not Required Tracer Generation NotRequired No of Tracers No of Tracers Start Tracers After Days Start Tracers After Days Generation Frequency Days Generation Frequency Days Preferred Medium Preferred Medium Template Id You can specify the following details here Tracer Generation You can indicate whether the exception tracer is applicable to the bill you are processing You can select one of the following options e Required If you specify that a tracer is applicable to a bill you should also specify the number of tracers that should be generated for the exception e Not Required You can select this option to indicate that the exception tracer is not applicable to the bill you are processing e Till resolved If you indicate that the tracer should be generated until the exception is resolved you need not specify the number of tracers that should be sent This is because the tracer will be generated at the frequency that you specify until the exception is resolved Aar ORACLE 4 13 Number of Tracers If you have indicated that the tracer is applicable to the bill you are processing you should also specify the maximum number of tracers that should be generated for each of th
60. Unhandled exception during upload UP1022 BC UT001 Failed to get process_till_ NWD_field from BCTM_branch_parameters BC UT002 Failed to get period_end_date from STTM_period_codes BC VALO1 Contract cannot be saved in final stage if there are unresolved discrep ancies Either resolve the discrepancies or change the stage to initial BC VAL02 For an incoming documentary bill documents original or duplicate should have been received and covering letter date is mandatory BC VAL03 1 and 2 cannot have the same party id BC VAL04 Covering letter date is mandatory BC XV001 Profit calculation to date should be greater than from date BC XV002 Tenor must be greater than 0 for usance bills BC XV003 Value date should be lt application date BC XV004 This customer already exists as a different party type BC XV005 If tracer is required then frequency receiver and start date are manda tory BC XV006 If tracer is required then number of tracers is mandatory BC XV007 If advice of fate is required then receiver is mandatory BC XV008 Drawer and drawee are mandatory BC XV009 1 is linked to more than one party type BC XV010 Limits cannot be tracked for more than one walk in customer BC XV011 All subsystems ICCF tax and settlements will be repicked up BC XV012 Maturity date should be gt base date BC XV013 Profit calculation from date is mandatory
61. aM ORACLE 4 6 1 4 6 1 1 Through this screen you can define preferences for the product you are creating Islamic BC Product Preference Product Code Limits Monitoring Limits Tenor Calculation D WET Profit and Charge Details Track Accrued Amounts Track Bill Amount For Discounted Bill olling Product Description LBL_FINPREFERNCES Suspense General Ledger Finance Product LBL_ADVBYFIN1 Type Rate Type Rate Code Bu Crystallization Type LBL_SPPROFIT Batch Processing Past Due Reckoning INCO Term LBL_AUTO_ACP_TO_ADV By Goods Arrival Date Liquidate Using Collateral LBL_AUTOLIQFLAG1 Days After Goods Arrival Transfer Collateral from L Auto Liquidation Retry Count Verify Funds Auto Status Change Upload Security Rekey Requirements Acceptance Commission Preferences Rekey Required Yes Profit Component No LBL_PROFITCOLTYPE Advance Amount Arrears Currency Pay Due Advice Customer Notice Days Value Date Before Maturity Date After Days With New Valu Total Paid Required Required Rollover Preference Discounting Method Charge Claim Advice Allow Rollover Discounting Method Claim Advice in Swift Brokerage Preference Allow Brokerage LBL_LINKEDFINPREFERNCES LBL_LINKEDTOPROFIT lt m r Specifying Main Preferences The Preferences that you define for a product will be made applicable to all Bills involving the product The preferences that you can define for a product are discuss
62. against this option to indicate that the drawee has refused to pay the charges due Claim Advice in Swift Check this box to indicate that the Charge Claim Advice CHG_CLAIM_ADYV that gets generated as part of LQ EOD batch should be in Swift MT799 MT499 Format Template ID Specify the template related to MT799 or MT499 message types The adjoining option list displays all the templates related to MT799 if it is under LI or MT499 if it is not under LI message types defined in the Swift FFT Template Screen Maintenance screen You can choose the appropriate one Document Details For the documentary bills that are processed at your branch you can keep track of the documents that are required under the bill You can specify the following details Letter Dated The date printed on the covering letter of the documents based on which the contract was entered This date can be used to retrieve information on pending documents ou ORACLE Document Original Received Indicate if the original set of documents that are required under the bill have been received and the number of copies of the same or not Document Duplicate Received Indicate if the duplicate set of documents that are required under the bill have been received or not Note If you had unchecked the Document Original Received field you should check the option Document Duplicate Received because the bill contract should be entered based on the
63. are in different GLs depending on their status For example the GL structure for Discounted bills for 45 days could be as follows Status GL Active 1001ASSF PDO 1001ASSF NAB 1110ASSC WO 1111ASSE For each component you should indicate the GL to which it has to be moved when there is a status change For principal the GL will be changed while for the other components the receivable accounts will be moved to the new GL Specify the accounting role asset liability contingent asset etc for the GL into which the bill has to be transferred when its status changes Also specify the new GL accounting head under which the bill has to be reported Select an option from the option list which displays the description of the GL ORACLE 4 16 Specifying Field Details Click the Fields button to invoke the Product User Defined Fields screen Product User Defined Fields Product Code Product Description Fields 1 Of 1 Field Number Field Name In the Product User Defined Fields screen you can specify the Field Name Select the Field Name from the option list provided 4 36 ORACLE 5 1 5 2 5 Processing Islamic Bills Introduction A contract is an instruction wherein a customer drawer approaches your bank to purchase negotiate discount or send for collection a financial instrument called a bill This written instrument is an ins
64. at least one tenor based profit component To Date The To Date refers to the date up to which the tenor based profit components of the bill should be calculated The To Date that you specify should be greater than or equal to today s date If the non compensation profit components of the bill are to be collected in advance it is mandatory for you indicate a To Date The tenor based profit components of the bill will be calculated for the period between the From Date and the To Date Note For an IBC product under which you may be creating a contract here you may have cho sen the Consider as Discount option specified through the ICCF Details screen and you may have specified the profit collection method to be advance specified through the aM ORACLE Islamic Bills amp Collections Product Details Preferences screen In such a case you cannot change the Profit To Date here Grace Days The grace period indicates the period after the To date specified for a bill within which the compensation profit if one has been defined for the product to which the bill is linked will not be applied This period is defined as a specific number of days and will begin from the date the repayment becomes due If the repayment is made after the due date but within the grace period compensation is not changed Compensation profit will be applied on a repayment made after the grace
65. authorized 00100 BC LM Line closed 00101 13 18 ORACLE BC LM Line not found 00102 BC LM Invalid customer id 00103 BC LM Liability id Not specified 00104 BC LM Account id Not specified 00105 BC LM Reference id not specified 00106 BC LM Amount tag not specified 00107 BC LM Amount not specified 00108 BC LM Currency not specified 00109 BC LM Branch not specified 00110 BC LM Line 1 amount exceeds limit for specified tenor by 2 00111 BC LM Line 1 amount exceeds all available tenor limits by 2 00112 BC LM Line 1 amount exceeds line limit Limit 3 2 Utilization 4 2 00113 Overdraft 5 2 BC LM Main line 1 amount exceeds main line limit amount Limit 3 2 00114 Utilization 4 2 Overdraft 5 2 BC LM Line has matured 00115 BC LM Line not available 00116 BC LM Amount exceeds limit for liability 1 Limit 3 2 utilization 4 2 00117 overdraft 5 2 BC LM Clean risk limit exceeded for customer 1 on 2 Limit 4 3 utiliza 00200 tion 5 3 excess 6 3 BC LM Clean risk limit exceeded for liability 1 on 2 Limit 4 3 utilization 00201 5 3 excess 6 3 BC LM Date input is a holiday do you want to continue 00202 BC LM Limits node 1 unavailable Utilizations will be updated later 99998 1319 ORACLE
66. bar and clicking the adjoining arrow button If you are maintaining the details for the FFT for the first time select New from the Actions menu in the Application tool bar or click new icon The Bills amp Collections Free Format Code Maintenance screen will be displayed gt Bills amp Collections Free Format Code Maintenance E New amp Enter Query FFT Code Language Code Free Format Text Maker Date Time Checker Date Time Mod No Record Status Authorization Status If you are calling an FFT Code Maintenance record that has already been defined click Summary view From the Summary screen click on a record to open it Specifying Free Format Text Code Details In this section specify the following details Text Code In Oracle FLEXCUBE each FFT that you maintain is identified by a four character code called an FFT code One of the characters of this code should be a letter of the English Alphabet You can follow your own conventions for devising the code os ORACLE 3 5 1 3 5 2 This maintenance is common for both BC and Islamic BC modules The code that you specify should be unique as it is used to identify the FFT While creating a product or at the time of entering the details of a bill instead of specifying the FFTs required under a bill you need to only specify the code assigned to the FFT The FFT details will be automatically picked up and defaulted Language Code Specify the lang
67. be liquidated as captured in the bills crystallization preference BC_CRST_CHG_LIQ_AMT and BC_CRST_COMM_LIQ_AMT contains the charge and commission amounts respectively if the option Liquidate charge commission from LC is selected in the crystallization preference else the amount tags BC_CRST_CHG_TFR_AMT and BC_CRST_COMM_TFR_AMT contain the amounts The amount tags BC_CRST_LIQ_AMT contain the Total Bill Outstanding amount minus Bill Amount to be crystallized minus Collateral amount to be liquidated 1248 ORACLE 12 1 26 The following Accounting entries are setup as a part of the crystallization event Event Accounting Role ra Amount Tag CRST Customer Account Dr BC_CRST_LIQ_AMT CRST Nostro Account Cr BC_CRST_LIQ_AMT_EQ CRST BC SUSPENSE Dr BC_CRST_TFR_AMT CRST Nostro Account Cr BC_CRST_TFR_AMT_EQ CRST BC SUSPENSE Dr LC COMM COMP _ TFR CRST BC_COMM_RECV Cr LC COMM COMP _ TFR CRST BC SUSPENSE Dr LC CHARGE COMP _ TFR CRST BC_CHG_RECV Cr LC CHARGE COMP _ TFR CRST Customer Account Dr LC COMM COMP _ TFR_LIQD CRST LC COMM COMP _RECV Cr LC COMM COMP _ TFR_LIQD CRST Customer Account Dr LC CHARGE COMP _ TFR_LIQD CRST LC CHARGE Cr LC CHARGE COMP _ COMP_RECV TFR_LIQD CRST BCCOL_DEP_GL Dr BC_CRST_COLL_LIQ_AMT CRST Customer Account Cr BC_CRST_COLL_LIQ_AMT CRST Customer Account Dr BC_CRST_COLL_LIQ_AM
68. bill a0 ORACLE Note You will be allowed to specify whether automatic status change should be in the forward or reverse direction in the Status Maintenance screen only if you specify that automatic status change is allowed Auto Liquidate The components of a bill can be liquidated automatically or manually In the Bills Product Preferences screen you can indicate the mode of liquidation The preference indicated for the product involved in the bill will be defaulted You can change the default If you choose the automatic mode of liquidation the bill will be automatically liquidated on the day it falls due by the Contract Auto Liquidation function run as part of the BOD processing If a bill for which you have specified auto liquidation matures on a holiday the bill will be processed based on your holiday handling specifications in the Branch Parameters table e If you have specified that the processing has to be done on the last working day before the holiday a bill maturing on a holiday will be liquidated during the EOD processing on the last working day before the holiday e Ifyou have specified that the processing has to be done only up to the system date then the bills maturing on a holiday will be processed on the next working day after the holiday during the BOD process If you do not specify auto liquidation you have to give specific instructions for liquidation through the Manual Liquidation screen on t
69. bill e Indicate the priority with which the advice should be generated e Indicate the Free Format Texts and Instructions that should accompany the advices ot ORACLE From the Islamic Bills and Collections Contract Detailed screen click the Advices FFT button The Advices Free Format screen will be displayed Advices FFT Advice 1 Of 1 T Advice Code Medium Party Type Party Name lt Free Format Text Instructions 1 Of 1 1 Of 1 FFT Code Free Format Text Insurance Code Instruction Text 5 3 17 1 Specifying Advice Details The advices inherited from the product involved in the bill you are processing will be displayed in the Advice Code field Medium If advices are to be generated for the bill you are processing it is mandatory for you to also specify the medium through which an advice is to be transmitted An advice that is generated can be transmitted Mail TELEX or SWIFT You can select the appropriate medium code from the option list Party Type Specify the party type Party ID Specify the party ID Party Name Specify the party name Priority For messages sent through media like SWIFT or TELEX you can specify the priority with which the advice should be generated By default the priority of all advices is marked as Normal You have the option to prioritize advices to one of the following options e Normal
70. ble a Account Receivable else equivalent amount of charges fees in Customer Account Currency 12 37 ORACLE 12 1 6 3 Real Customer Cr Customer CCY Equivalent Bill amount in Account the currency of the Nostro Vostro Account currency Real GL Dr Bill Accept CCY Bill amount in the contract Asset ances Dis currency counted Real GL Cr Profit Collected CCY Discounted Profit amount Lia in Advance on in the contract currency bility Discounted Bills Real Customer Dr Customer Profit CCY Equivalent Discounted Payment Profit amount in the Cus Account tomer account currency Real GL Cr CLFA Account CCY Bill amount in the contract Con currency tin gent Real GL Dr CLFA Offset CCY Bill amount in the contract Con Account currency tin gent Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Outgoing Acceptance to Discount Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type me Type Cr Description CEN Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer Charges CCY Equivalent amount of
71. contract You can select more than one Account as Loan account This is enabled only for settlement tags BILL_LIQ_AMT or BILL_LIQ_AMTEQ Exchange Rate If the basis amount currency is different from the settlement account currency you need to specify the exchange rate that should be used for conversion Negotiated Cost Rate Specify the negotiated cost rate that should be used for foreign currency transactions between the treasury and the branch You need to specify the rate only when the currencies involved in the transaction are different Otherwise it will be a normal transaction The system will display an override message if the negotiated rate is not within the exchange rate variance maintained at the product Negotiated Reference Number Specify the reference number that should be used for negotiation of cost rate in foreign currency transaction If you have specified the negotiated cost rate then you need to specify the negotiated reference number also ate ORACLE Note Oracle FLEXCUBE books then online revaluation entries based on the difference in ex change rate between the negotiated cost rate and transaction rate 5 3 20 Reducing of the LC Cash Collateral While processing a bill against an LC you can reduce the cash offered as collateral for the LC From the Islamic Bills and Collections Contract Detailed main screen click the Collateral button The LC Cash Collateral screen is displayed You
72. contract you can opt to waive these charges At the time of saving a contract the system displays the Product Event Advices Maintenance screen wherein you will be allowed to e Suppress an advice from being sent e Change the Priority of the advice e Indicate that charges have to be collected from the receiving party Advices Event Code Description Advices Details 10f1 Advice Name Description Generation Time Suppress Priority Charges A Authorize No High If you indicate that the customer is the receiver of charges the system automatically locates the relevant Receiver Media and Country combination from the available Charge Maintenance Details records and deducts the charge amount associated with the particular combination The Charge amount is deducted from the customer account in the specified currency Note If you have not maintained a Charge Maintenance Details record for the particular custom er the system uses the wildcard entry type record to deduct the charge amount Specifying Instructions Details Through this screen you can specify the instructions that are applicable to the Bills product you are creating A list of the standard instructions that can accompany the bill is maintained in the Instructions Codes Maintenance screen Select an Instruction code from the list of instructions maintained earlier More than one of the predefined Instructions can be made ap
73. description of the instruction will be automatically picked up and displayed You can edit the description of base date that is defaulted to suit the requirements of the bill you are processing Bill Tenor Specify the number of days for the tenor The system will use the number of days to arrive at the maturity date for each tenor The minimum maximum tenor specified in the product underlying the contract has to be adhered to Transit Days The transit days will be used in the computation of the maturity date of the bill Enter the transit days for the bill Maturity Date The maturity date is the date on which the bill falls due for payment The maturity date is calculated in the following manner based on the entries made to the previous fields Maturity Date Base date Tenor Transit days a0 ORACLE 5 3 8 2 5 3 8 3 5 3 8 4 You can change the maturity date of a bill that is arrived at using the above method However the maturity date that you specify should be later than or equal to the Value date specified for the bill Specifying the Preferences for Profit Liquidation In this section specify the following details Profit Liquidation Mode Profit components of a bill can be liquidated immediately or deferred to a later date In the Rollover screen under Profit Liquidation Preference you can indicate whether the mode of liquidation is to be immediate or deferred Choose Immediate to liquid
74. details will be automatically picked up and defaulted Language Code Specify the language code using which all the correspondences with the party should be carried out Click the adjoining option list icon to view the list of available language codes Document Type Select the document type from the drop down list The available options are Transport Insurance Invoice and Others Validate Shipping Guarantee To track the documents captured during booking of import bill against shipping guarantee issued based on the same set of documents select the Validate Shipping Guarantee option in the screen The tracking will be based on document reference captured in the documents screen of LC and BC contract online By default this field will be unchecked and can be changed before you save the record This field can be modified at any time using unlock operation a2 ORACLE 3 2 2 3 2 3 During Copy operation the value of this field will be copied to the new document code Bill of Lading Check this box to validate the reference number used in the bill against the shipping guarantee Bill of Lading reference number Document Short Description The documents required under a bill are sometimes large and hence difficult to identify Therefore you can specify a short description or a title which will enable quick identification of the document The short description specified is for information purposes only and will not be printed
75. document code all the clauses defined for the document are displayed You can add to or delete from the list of clauses that are defaulted To add to the list of clauses defaulted for a bill click add icon and select the code that identifies the clause from the list of clauses maintained in the Clause Maintenance screen The description of the clause will be displayed based on the clause code that you select To delete a clause that is not required for the bill you are processing highlight the clause code and click delete icon If the LI module of Oracle FLEXCUBE has been installed at your bank and the documentary bill is under an LI then the clauses specified for documents will be automatically picked up when you specify the reference number of the related LI You will not be able to amend the list of clauses defaulted from the related LI Specifying Goods and Shipment Details for a Bill There are certain standard requirements and conditions associated with the shipment of the merchandise based on which the bill was drawn You can specify the following shipping details for a bill e The location from which the goods transacted under the bill were shipped e The destination to which the goods transacted under the bill were dispatched or transported ORACLE 5 3 6 e The latest date by which shipment should be made e The date on which the shipment was made e The carrier that carried the goods e The date on which the good
76. each split The option list displays all valid statuses of the split Select the appropriate one However if it is a new action then the system defaults the status as NORM Status can be different for each split as the due date is different The worst status is updated in Details section of the contact Status as of Date Status of the split as of date is displayed here and is updated when the status changes If the action is new then it is defaulted with value date of the split Note When an auto status change batch is run and the status of a split in multi tenor bill is prior to the status manually updated in the Details tab then the system considers the status of the bill for GL movement Under Protest Check this box if you need to generate PROTEST _NONPAY advice for a split If this check box is checked then while generating the advice the system will provide the split bill amount and not the total bill amount Protest Date Specify date when the protest was generated 5 3 15 1 Validating Multi Tenor Details As the values maintained in Multi Tenor tab are not applicable for other tabs the system defaults and validates the following values maintained for multi tenor bills in Multi Tenor tab when a Bill is saved e Defaults the base date with the earliest base date maintained for splits in the Multi Tenor tab e Defaults the base date code with the base date code for the earliest base date
77. entered at each split level Then the system defaults this amount as the bill amount in the main tab When a contract is saved the system reduces Bill Amount of the contract and the respective split by the Rebate Amount Rebate on a split bill amount is collected from the customer s account if it is processed on a discounted or negotiated portion After an amendment is saved the system validates for the changed split amount of each split to be lesser than the liquidated amount of the split If so then the system will display an error message If Recovery Interest Rate or Recovery Rate Code is specified at the contract level and there is a Rebate on Split Bill Amount then the finance is refunded or recollected for each split Processing MT Messages for Multi Tenor Contracts When an MT202 is received with an amount lesser than the due amount of the split with earlier maturity date and if the amount is more than the tolerance level then the system moves the message to Pending Liquidation status When an MT202 is received with an amount greater than the due amount of the split then the system adjusts the remaining amount towards the subsequent splits When an MT430 is received for a Multi Tenor contract the message will be logged as repair contract with the following repair reason Multi Tenor contract This message has to be processed manually Viewing Event Details Click the Events button in the Is
78. equal to Max tenor BC 00216 Details of product preference screen has not be entered Product can not be saved without preference screen details BC 00217 Status with status sequence 0 can be defined for only norm status BC 00218 ICCF components have not been defined for this product BC 00219 Transfer GL cannot be duplicated BC 00220 Their charges have not been maintained Do you want to maintain them BC 00221 Product code not unique BC 00222 Product code should be at least 4 characters long BC 00223 Status sequence cannot be 0 13 1 ORACLE BC 00224 Their charges component has been deleted for the product BC 00225 Income expense accounting roles cannot be defined for their charge component BC 00226 Are you sure that the product is to be back valued BC 00227 This product has more than two their charge components defined Do you want to still proceed BC 00228 Mandatory or not null fields are null BC 00229 Advices have not been maintained for events Input to FFT and instruc tions not allowed BC 00230 Stop accruals field will be marked for all subsequent statuses Do you still want to proceed BC 00231 The stop accruals field for the present status cannot be changed as previous statuses with stop accruals field marked yes exist BC 00232 Preferred tracer medium cannot be null BC 00233 The operation has to be defined first BC 002
79. first set of documents received Acknowledgement Received Indicate if the acknowledgement has been received or not Acknowledgement Date Specify the date on which the acknowledgement has been received Other Details Collect LC Advising Charges From Specify the bank from which the LC advising charges should be collected The drop down list displays the following options e Issuing Bank If you choose this the system derives the counterparty details for ISB based on the linked LC and applies LC advising charges accordingly e Beneficiary Bank If you choose this the system deducts the advising charges from the reimbursement claim and processes the remaining amount This amount will be mentioned in MT756 e None If you choose this the system will not impose any advising charges Choose the appropriate one The amount shown in MT756 is dependent on the bank chosen here Hence while generating MT756 the system observes this field and updates the field Amount accordingly Note This field is applicable to reimbursement bills only Further Identification Select further identification from the adjoining drop down list the options available are e Debit e Negotiate e Accept e Reimburse e Remitted Cheque Number In case the payment for the bill has been made by cheque specify the cheque number here oe ORACLE 5 3 3 Parent Contract Reference You can view the reference number of the parent contra
80. fixed special profit type component 3 picked up during event 2 for bills amp collection reference 1 BC INT008 Floating profit rate component 3 picked up during event 2 for bills amp collection reference 1 should necessarily be linked to a valid floating profit rate code BC INTO09 Input to special profit type component 3 picked up during event 2 for bills amp collection reference 1 is mandatory value cannot be null BC INT0O10 Profit calculation method for profit component 3 picked up during event 2 for bills amp collection reference 1 has to be actual actual only BC INTO11 Profit calculation from date 4 should be greater than profit calcula tion to date 5 for the profit component 3 picked up during event 2 for bills amp collection reference 1 BC INT012 Profit component 3 linked to floating profit rate code picked up dur ing event 2 for bills amp collection reference 1 cannot be collected in advance BC INT013 Profit calculation from date and profit calculation to date for special profit component 3 picked up during event 2 for bills amp collection reference 1 is mandatory BC INT014 Profit calculation from date 2 cannot be later than today s system date 3 for BC reference 1 BC INT015 Profit calculation from date 2 has to be earlier than profit calculation to date 3 for BC reference 1 13 13 ORACLE BC INT016 Bas
81. for these fields can be specified in the Branch Parameters Maintenance screen Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen Click the Exit button to exit the screen Operations on the FFT Maintenance Record On an existing FFT Maintenance record you can perform any one of the following operations if any function under the Actions Menu is disabled it means that the function is not allowed for the record e Amend the details of the record e Authorize the record e Copy the details of an FFT on to a new record e Close the record e Reopen the closed record e Print the details of a record e Delete the record R ORACLE 3 6 Please refer to the chapter on common procedures for details of these operations Maintaining Discrepancy Codes You can register the standard discrepancy codes that are applicable to the bills you process Instead of specifying the details of the discrepancy each time you need to use it you can maintain them in the Bills amp Collection Discrepancy Codes Maintenance screen The advantage of maintaining Discrepancy codes is that at the time of creating a product or while entering the details of a bill you need to only specify the code assigned to the discrepancy code All the details maintained for the discrepancy code will be automatically picked up This reduces your effort as you do not need to enter the descr
82. has not been input in the parties screen BC XV111 Acceptance exception tracer required field has an invalid value should be not required required till resolved only BC XV112 If acceptance exception tracer is not required then tracer frequency should be 0 BC XV113 If acceptance exception tracer is not required then tracer receiver should be not input should be null BC XV114 If acceptance exception tracer is not required then tracer medium should be not input should be null BC XV115 If acceptance exception tracers are required then tracer frequency is mandatory should be input and should not be null BC XV116 If acceptance exception tracers are required then tracer receiver party type is mandatory should be input and should not be null BC XV117 Acceptance exception tracer receiver party type has not been input in the parties screen BC XV118 Acceptance exception receiver party type is a walk in customer Tracer medium is mandatory should be input BC XV119 Acceptance tracer receiver party s media address has not been input in the parties screen BC XV120 Acceptance exception receiver party type is not a walk in customer Tracer medium should not be input BC XV121 Input to acceptance exception tracer start date is mandatory BC XV122 Number of acceptance exception tracers to be sent should be 0 should not be input BC XV123 Date of protest for non acceptance
83. in the Islamic Bills and Collections Contract Detailed screen to invoke this screen E New amp Enter Query Reference Number Events 1 0f1 Event Number Event Code Description Event Date Authorization Status LBL_MAKER2 q4 m Authorized Accounting Entries Messages Specifying Settlement Instructions Through the settlement screens you can view the fund accounts to which entries for the applicable charges and taxes are posted These details are available in the Settlement 76 ORACLE Details screen Click the Settlement button in the Islamic Bills and Collections Contract Detailed screen to invoke the Settlement Details screen Settlement Details Contract Reference Component Peete ret Payment Details Parties Parties Local Clearing Other Details Settlement Details 10f41 Component Currency Debit Credit Account Account Description Branch Account Currency Original Exchange F Credit v Sianahura Verification For more details on specifying the Settlement Details Refer Settlements User Manual under Modularity 5 5 3 Maintaining Profit Details Click the Profit button to invoke the ICCF screen Through this screen you can manage and view the profit details you are creating Contract Reference Main View Details Amount Component Description Accr
84. in the screen rG ORACLE 5 3 29 The system defaults the brokerage details in Spilt Settlements screen Those details are then used in settlements You can enter the routing details for the messages in case the settlement takes place through Nostro account If you modify the default brokerage details in Split Settlements screen the system displays an error message During liquidation of the brokerage the system generates credit advices for each of the brokers involved Linking contracts to accounts and deposits You can link a deposit or an account to a bill contract Linking a deposit or account to a bill means Type of linkage It implies Linking a The entire bill amount or a portion of it can be linked to a deposit The deposit outstanding amount in the deposit should always be greater than or equal to the outstanding bill amount A deposit can be linked to more than one contract provided funds are available in the deposit Linking You can link the entire contract amount or a portion of it to a savings or an current account that is maintained with you The available balance in the account account should always be equal to or greater than the contract amount that is outstanding An account can be linked to any number of contracts provided a balance greater than or equal to the total amount outstanding in the linked con tracts is available Please note that the entire c
85. involved in the contract You can change the default and specify a start date to suit the requirement of the bill you are processing The system also displays the number of tracers already sent to the concerned party Previous Tracer Date Specify the date on which the last tracer was sent to the party Next Tracer Date Specify date on which the next tracer will be generated Reserve Release Date Enter the date on which the reserve was released that is the date on which you received the reserve advice from the Issuing bank or the Drawee Discrepancies Approval Date Specify the date on which the discrepancies were approved Under Reserve Check this option to indicate that the discrepancy is under reserve Viewing Tracer Updates You can visit this screen to view the current status of the reserve exception The system displays the following information e The date on which the last tracer was sent e The date on which the next tracer will be generated e The number of tracers that have already been sent to the concerned party till date Rollover Tab A contract that is marked for rollover will be rolled over with all the terms of the original contract However you can change certain terms by specifying them in the Rollover Details screen oe ORACLE 5 3 8 1 In the Islamic Bills and Collections Contract Detailed screen click the Rollover tab to go to the rollover details screen
86. is yes BC UP0114 Acceptance advice party details not existing for receiver party type 1 BC UP0115 Acceptance advice advice medium is mandatory for receiver party 1 who is a walk in customer BC UP0116 Acceptance advice address details not existing for advice medium 1 and receiver party type 2 BC UP0117 Acceptance advice advice medium should be null for a non walk in customer receiver type BC UP0119 Release of reserve tracer tracer frequency cannot exist if tracer required is no BC Release of reserve tracer tracer receiver party type cannot exist if UP0120 tracer required is no BC Release of reserve tracer tracer medium cannot exist if tracer UP0121 required is no BC Release of reserve tracer tracer frequency is mandatory if tracer UP0122 required is yes BC Release of reserve tracer tracer receiver party type is mandatory if UP0123 tracer required is yes BC Release of reserve tracer tracer medium is mandatory if tracer UP0124 required is yes BC Release of reserve tracer party details not existing for tracer receiver UP0125 party type 1 BC Release of reserve tracer tracer medium is mandatory for tracer UP0126 receiver party 1 who is a walk in customer BC Release of reserve tracer address details not existing for tracer UP0127 medium 1 and receiver party type 2 BC Release of reserve tracer tracer medium should be null for a non UP0128
87. lt Charge rule gt _PREM Credit Along with the normal accounting entry setup for the LIQD event you must also maintain the following accounting entries Accounting Role Amount Tag Dr Cr Indicator EIMDISCRIA EIMDISC_ADJ Debit CUSTOMER EIMDISC_ADJ Credit 7 6 ORACLE 7 5 7 6 7 6 1 Specifying Status Change Details for Discount Accru al You need to define the manner in which discount accrual is processed in the event of status changes You must maintain the following details as part of status maintenance for bills e Whether discount accruals should be stopped or reversed e The transfer GLs for discount accrual You can specify the following roles as part of the transfer GLs Accounting Role Description EIMDISCRIA Effective Profit Based Discount To Be Accrued EIMDISCINC Effective Profit Based Discount Accrued Till Date EIMPREMPIA EIM Premium Paid In Advance EIMPREMEXP EIM Premium Expense EIMINTADJREC EIM Profit Adjustment Receivable EIMINTADJINC EIM Profit Adjustment Income To recall at the IBC product level you maintain preferences pertaining to status change processing through the Islamic Bills User Defined Status Maintenance screen which you invoke by clicking the Status button in the Islamic Bills and Collections Product Definition screen During the contract status change processing the following are supported by the
88. maintained as a part of the bills crystallization product preference Since the actual crystallization event which performs the accounting for the charges occurs at a later date on the initiation date of the finance or the maturity date of the bill the exchange rate if a re pickup is done can be different from the one used to arrive at the finance amount In order to overcome this discrepancy the system internally stores the exchange rate used in the computation of the finance amount as a part of new charges and commission transfer It is these exchange rates that get used subsequently as a part of the bills crystallization accounting for the appropriate charges and commission components transfer onto the Finances Bills bridge GL Specifying the Past due Reckoning Status of a Bill The Past Due Status preferences that you define for a product default to the bills processed under it By Goods Arrival Date In the Islamic BC Product Preferences screen you can indicate if the past due status of bill contracts entered under the product should be determined with respect to the Goods Arrival Date Days after Goods Arrivals If you opt to determine the past due status with respect to the Goods Arrival Date you can enter the number of days vis a vis the Goods Arrival Date that should determine the past due status The following example illustrates what this implies Specifying Batch Processing Preferences You can specify
89. match the system displays an error JV Parent When you click Default button the system defaults the joint venture customer number of the party This customer number is defaulted based on the details maintained in Joint Venture sub screen of Customer Maintenance screen Liability ID When you click Default button the system defaults the liability number from Joint Venture sub screen of Customer Maintenance screen Linkage Type Specify the linkage type The drop down list displays the following options e Facility Credit Line e Collateral Pool Choose the appropriate one Linkage Reference No Specify the reference number that identifies the facility or collateral pool The option list displays all valid facilities and collateral pools specific to the liability Choose the appropriate one In case you choose the same linkage reference for more than one record in the list the system displays an override message You may choose to cancel or proceed with the selection Contribution Specify the proportion of limits to be tracked for the credit line or collateral pool for the joint venture customer When you click Default button the system defaults the percentage of contribution maintained under Joint Venture sub screen of Customer Maintenance screen ee ORACLE 5 3 5 It is mandatory to indicate the percentage of contribution if the party is a customer under joint venture This is
90. not applicable to customers who are not a part of joint venture Note For one joint venture the total percentage of contribution in all applicable credit lines to gether cannot be more than 100 Amount Tag Specify the amount tag The system tracks the limits for non joint venture customers based on the amount tag The amount tags applicable to Islamic BC contracts are listed below e Bill Amount e Amount Purchased e Confirmed Amount e Unconfirmed Amount Choose the appropriate one If you do not specify the amount tag the system will track the limits based on the bill amount or the amount purchased for a combination of customer liability and facility For joint venture customers you need to choose Bill Amount as the amount tag Other amount tags are not applicable to joint ventures Amount When you click Default button the system defaults the amount tracked for each credit line In case of joint venture customers the system derives the amount as follows e Incase PUR and DIS operations amount is derived on the basis of the Amount Purchased e Incase of other operations amount is derived on the basis of the Bill Amount In case of non joint venture customers the amount is calculated based on the percentage of contribution For joint venture customers the total bill amount is shared by different facilities pools based on the percentage specified The total percentage of contribution for the joint
91. not required BC XV136 Acceptance advice of fate medium field should not be input if accept ance advice of fate is not required BC XV137 Advice of acceptance fate cannot be generated if advice of acceptance fate required field has a value of not required BC XV138 Input to advice of acceptance fate receiver party type field is manda tory BC XV139 Advice of acceptance fate receiver party has not been input in the par ties screen BC XV140 Advice of acceptance fate receiver party type is a walk in customer Input to advice of acceptance fate medium is mandatory BC XV141 Advice of acceptance fate receiver party address has not been input in parties screen BC XV142_ Advice of acceptance fate receiver party type is not a walk in customer Advice of acceptance fate medium should not be input BC XV143 Advice of acceptance fate cannot be generated if advice of acceptance fate is specified as not required 1326 ORACLE BC XV144 Discrepancy reserve exception tracer required field has an invalid value should be not required required till resolved only BC XV145 If discrepancy reserve exception tracer is not required then tracer fre quency should be 0 BC XV146 If discrepancy reserve tracer is not required then tracer receiver should be not input should be null BC XV147 If discrepancy reserve exception tracer is not required then tracer medium should be not in
92. null ROLL111 BC Profit Liquidation Mode cannot be null ROLL112 BC Tenor cannot be zero ROLL114 BC Maturity Date cannot earlier than base date ROLL115 BC From Date cannot be in Future ROLL116 BC To date cannot be earlier than From date ROLL117 BC Rollover details not present for the contract ROLL118 BC Details allowed only during Rollover event ROLL119 BC Cannot delete the Child Contract ROLL120 BC From date in the preferences is earlier than from date of the contract ROLL121 BC Rollover Tab not visited ROLL122 BC Rollover not allowed for Bills under Initial Stage ROLL123 BC Cannot authorize child contract ROLL124 BC Rollover is set for Auto liquidation ROLL130 BC XV183 Acceptance Commission FROM DATE Should Be Less Than TO DATE BC XV184 Acceptance Commission From Date Cannot Be Null BC XV185 Acceptance Commission TO DATE Cannot Be Null BC DAO01 BC Discount Accrual Backup failed BC LD110 The Bill Is Linked To A Finance With Reference no 1 BC AC068 Acceptance Commission Preferences Profit Component in the prefer ences screen will be reset 19 40 ORACLE BC Allow Rollover Is Not Maintained For The Product 1 UP1023 BC Advance By Finance Is Not Maintained For The Product 1 UP1024 BC AC066 Both Acceptance to Advance field at product level and Advance by finance field are checked Acceptance to Advance will take precedence over Advance by Fin
93. null if automatic liquidation field is set UP0042 BC Maturity date cannot be null if automatic liquidation field is set UP0043 BC Latest shipment date cannot be lesser than shipment date UP0044 BC Swift validation failed for document reference 1 UP0045 BC Document reference 1 contains invalid characters UP0046 BC Swift validation failed for party reference 1 UP0047 BC Party reference 1 contains invalid characters UP0048 BC Swift validation failed for media 1 and address 2 UP0049 BC Base date 1 is a holiday for currency 2 OK to proceed UP0050 BC Base date 1 is a local holiday for current branch OK to proceed UP0051 BC Value date 1 is a holiday for currency 2 OK to proceed UP0052 BC Value date 1 is a local holiday for current branch OK to proceed UP0053 BC Covering letter date 1 is a holiday for currency 2 OK to proceed UP0054 BC Covering letter date 1 is a local holiday for current branch OK to pro UP0055 ceed BC Maturity date 1 is a holiday for currency 2 OK to proceed UP0056 BC Maturity date 1 is a local holiday for current branch OK to proceed UP0057 BC Liquidation date 1 is a holiday for currency 2 OK to proceed UP0058 BC Liquidation date 1 is a local holiday for current branch OK to pro UP0059 ceed BC From date for profit calculation 1 is a holiday for currency 2 OK to UPOO60 proceed 1326 ORACLE
94. of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if it is a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr Bills Discounted CCY Bill amount in the contract Asset currency Real Customer Dr Customer Pay CCY Equivalent Bill amount in ment Account the Customer account currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Incoming Discount Clean Stage Clean Doc Sight Usance Under Our LC FIN CLE Usance only Not Applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type mG Type Cr Description Gey Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY 12 25 ORACLE 12 1 3 8 Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the Receivable Fees Receiva charge fee currency if it is ble a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr Bills Dis CCY Bill amount in the contract Asset counted currency Real Customer Dr Customer Pay CCY Equivalent Bill amount in ment Account the Customer account cur rency Advices Advice type Advice Description PAYMENT_ADVICE Payment Adv
95. of Refusal INC ACCEPT_REFUSAL Advice of Refusal 12 1 14 REFP Refusal to Pay 12 1 14 1 All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC All types of BC Products applicable Accounting Entries None Advices Bill Type Advice type Advice Description OUT PAYMENT_REFUSAL Advice of Refusal INC PAYMENT_REFUSAL Advice of Refusal 12 1 15 TAFT Advice of Fate 12 1 15 1 All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC Al types of BC Products applicable Accounting Entries None a ORACLE Advices Bill er i Type Advice type Advice Description Recipient OUT PRINCIPAL_FATE Advice of Fate and Request for Drawer Instructions INC PRINCIPAL_FATE Advice of Fate and Request for Remitting Collecting Instructions Bank 12 1 16 TACP Tracer for Acceptance 12 1 16 1 All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC Usance only All types of BC Products applicable Accounting Entries None Advices Bill Type Advice type Advice Description INC ACCEPTANCE_TRCR Tracer for Acceptance OUT ACCEPTANCE_TRCR Tracer for Acceptance 12 1
96. of a Documentary Credit Sender Swift address AIBKIE99XXX Receiver Swift address CITIUS36XXX User Header Message User Reference 504160619890 OaE Message Text 27 Sequence of Total 40A Form of Documentary Credit IRREVOCABLE 20 Documentary Credit Number 504DUI3131540036 31C Date of Issue 130603 40E Applicable Rules Remarks Reject Reason Message Trailers You can view the following details e Reference number of the message advice e Document number generated for the message advice e Version number of the message advice e Receiver sender of the message e Type of the message e Type of the SWIFT message e Complete text of the message advice e Remarks if any e Reject reason if any e Message trailer Printing Message Advices From the Message Preview screen you can print or spool a message advice using Report Options screen Select the message advice and click Print button to print the message advice ot ORACLE 5 4 3 Viewing all Messages Click All Messages button to invoke the View Message screen This screen displays all the incoming and outgoing messages associated to the contract View Message E Execute Query Contract Reference 1 Of 1 F Message Date Direction EventCode DCN Media MessageType SWIFTMessageType Receiver Sender
97. on the adjoining arrow button Islamic Bills Under Reserve Report ReportFormat PDF Printer At Client Report Output Print Printer 10 8 1 Contents of the Report Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description Final Stage Date Indicates the date of final stage Our Reference Indicates the reference number of the bill Bill Type Indicates type of bill Currency Indicates Currency 10 13 ORACLE Bill Outstanding Amount Indicates Bill Outstanding Amount Tenor Indicates Tenor Code Maturity Date Indicates the date at which the bill is matured Party Type Party ld Indicates Id and name of customer party Party Name Total for Product Indicates the bill amount of the product Total for Currency Indicates the bill amount in currency 10 9 Finalization Overdue Days Report The Finalization Overdue Days report provides the details of bills which have Finalization items overdue A bill is considered overdue
98. pEi EAREN EIE ERER EARE 13 1 14 Function ID Glossary asssssssssssssnnnnunnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnna 14 1 1 1 1 2 1 3 1 4 1 Preface Introduction This manual is designed to help you get familiar with the Islamic Bills and Collections IBC module of Oracle FLEXCUBE It provides an overview to the module and takes you through the various stages in processing an Islamic bill or collection You can obtain information specific to a particular field by placing the cursor on the relevant field and striking lt F1 gt on the keyboard Audience This manual is intended for the following User User Roles Role Function Back Office Trade Islamic BC Contract Input functions except Authorization Finance Department Clerks Back Office Trade Islamic BC Contract Authorization maintenance of static Finance Department data specific to the Islamic BC module Officers Front end Trade Islamic BC Product definition functions excluding authori Finance Product Man zation Islamic BC Report Query functions agers End of Day Operators End and beginning of day related processing functions Islamic BC Report Query functions Bank s Financial Con Branch level processing related setup for Islamic BC troller Trade Finance module and Authorization of the same Authorization of Department Manager Islamic BC product definitions amendments Islamic BC Report Query functions MIS D
99. pro HOL028 ceed BC IC001 Contract 1 is authorized Cannot delete any of its details BC IC002 ICCF referral failed for bills amp collections contract reference number 1 and event sequence number 2 131a ORACLE BC IC003 Tax referral failed for bills amp collections contract reference number 1 and event sequence number 2 BC IC004 Failed to compute tax for bills amp collections contract reference number 1 event 3 and event sequence number 2 BC IN0001 Failed to log the status for BC reference 1 BC INT001 Input to from date for profit calculation for BC reference 1 is manda tory BC INT002 For profit components collected in advance input to to date for profit calculation of BC reference 1 is mandatory BC INT003 Rate type 4 of profit component 3 picked up during event 2 for bills amp contract reference 1 is invalid BC INT004 Profit collection method 4 of profit component 3 picked up during event 2 for bills amp collection reference 1 is invalid BC INT005 Compensation field value 4 of profit component 3 picked up dur ing event 2 for bills amp collection reference 1 is invalid BC INTOO6 Rate type 5 of compensation profit component 3 picked up during event 2 for bills amp collection reference 1 is invalid BC INT007 Floating profit rate code 5 should not be linked to
100. processing In this case the amendment value date is used only for debiting and crediting GLs involved in the bill Maturity Date and Profit Rates of a Bill You can extend reduce the maturity date either before or after the maturity date You also have the option of amending the profit rates You will be allowed to amend profit rates for main profit component and compensation profit component provided that the component is of a fixed type Both these amendments can be done for advance and arrears type of collection through the IBC Contract On line screen after unlocking a contract If the collection type is of advance then you have to define accounting entries for profit adjustment with ADJ tags and liquidation with _LIQD tags in amendment event You have the option of amending maturity date and profit rate together as well Maturity date or profit rate amendment is allowed for any value date past present future However the value date you specify should be within the profit start date and profit end date of a bills contract To amend the profit rate you have to access the Profit Rate screen by clicking the Profit button eT ORACLE 5 5 1 5 5 1 1 For details on specifying profit details for a contract refer to the ICCF Details explained in the Profit section of this manual The value date you specify for the amendment can be current back future date After you save your amendment the accounting entries will be pa
101. rate type The options available are e Auto rate change is triggered automatically when the rate associated with a rate code changes e Periodic rate change is triggered at pre defined dates Rate Code Profit of the contract is computed on the basis of the Rate code associated with it This field is enabled only if you have opted for Floating rate type for the finance Rate In case you choose the rate type as Fixed you can specify the rate that is to be used for computing the profit of the contract Spread You have to indicate the spread that can be applied on the floating rate Basis The profit basis indicates the method in which the tenor for profit has to be calculated if their application is tenor based It could be one of the following e Euro 360 e US 360 e Actual 360 e Euro 365 e US 365 e Actual 365 e Euro Actual e USJ Actual e Actual Actual The Profit Basis defined for the product involved in the contract will be displayed You can change it here to suit the bill you are processing The minimum maximum rate specified in the finance product underlying the contract has to be adhered to Amount In the case of Special rate type the profit component is expressed as an amount and not as a rate This amount should be specified when the finance is liquidated d ORACLE 5 5 10 3 Booking a Finance through Bills Contract 5 6 During liquidation of a bill you have th
102. should not be input if bill is not under protest 1325 ORACLE BC XV124 Payment advice of fate required field has an invalid value should be required not required till resolved only BC XV125 Payment advice of fate receiver field should not be input if payment advice of fate is not required BC XV126 Payment advice of fate medium field should not be input if payment advice of fate is not required BC XV127 Advice of payment fate cannot be generated if advice of payment fate required field has a value of not required BC XV128 Input to advice of payment fate receiver party type field is mandatory BC XV129 Advice of payment fate receiver party type has not been input in the parties screen BC XV130 Advice of payment fate receiver party type is a walk in customer Input to advice of payment fate medium is mandatory BC XV131 Advice of payment fate receiver party address has not been input in parties screen BC XV132 Advice of payment fate receiver party type is not a walk in customer Advice of payment fate medium should not be input BC XV133 Advice of payment fate cannot be generated if advice of payment fate is specified as not required BC XV134 Acceptance advice of fate required field has an invalid value should be required not required till resolved only BC XV135 Acceptance advice of fate receiver field should not be input if accept ance advice of fate is
103. specified here Brokerage Amount Specify the brokerage amount to be paid However if you have entered the brokerage percentage the system ignores the amount mentioned here and calculates it afresh based on the brokerage percentage You can directly enter the contract amount for Bills contracts only Brokerage Details You can share the brokerage amount among multiple brokers Click add button to add more brokers to the list You can define the percentage of brokerage amount to be paid to each broker selected under this list Broker Specify the broker ID The option list displays all valid broker IDs maintained in the system Choose the appropriate one ots ORACLE You can maintain multiple records for the same broker ID Broker Name Based on the broker ID selected the system displays the name of the broker Broker Account Specify the broker account The option list displays all valid accounts maintained for the selected broker along with the Nostro accounts and GLs for which posting is allowed Choose the appropriate one Broker Currency The system displays the currency of the selected broker account Percentage Specify the percentage of total brokerage amount that should be paid to the selected broker This will make the selected broker eligible for that percentage of the total brokerage amount shown above You can allot a specific percentage of the brokerage to each broker selected here The system will verify whe
104. take place during the life cycle of a bill oF ORACLE The events screen is as shown below Main E New Enter Query Reference Number Events 1 OF 1 Hl Event Number Event Code Description Event Date Authorization Status LBL_MAKER2 q4 Authorized Accounting Entries Messages Specifying the Settlement Details Click the Settlement button to invoke the Settlement Details screen Through the settlement screens you can view the fund accounts to which entries for the applicable charges and taxes are posted Settlement Details Contract Reference Component Retin ees Payment Details Parties Parties Local Clearing Other Details Settlement Details 10f1 Component Currency Debit Credit Account Description Branch Account Currency Original Exchange F Credit v Sionahura Verification For more details on specifying Settlement details refer Settlements User Manual under Modularity 6 4 2 Specifying MIS Details Click the MIS button to define Management Information Details MIS details for the product you are defining os ORACLE 6 5 The MIS screen is as shown below mis Contract Reference Input Link To Group Rate At Rate Type Transaction MIS MIS Group Related Reference Related Account Pool Code Contract Level MIS Group Related Account Rela
105. the LC contract and 42P field will display the maturity date specified in the BC contract But for mail MT740 the system will display both LC and BC dates The bill amount that is defaulted includes the contract and its currency However the BC amount will be converted to LC contract currency equivalent using STANDARD mid rate in case the LC contract currency is different from the bill contract currency Capturing Charge References When entering the details of a bill you can capture the charge details of other banks for instance the charge levied by the remitting bank on an import bill in the Their Charge fields In these fields you can specify the charge amount and the charge currency In a phased manner you can settle this charge by debiting your customer and crediting the correspondent bank oe ORACLE 5 3 2 5 3 2 1 Details Tab Click the Details tab to invoke the following screen Contract Details El New E3 Enter Query Product Code Characteristics Product Description Fanati P PEREA Version Number _ a ot Eel User Reference Operation Source Reference Stage Final Source Code FLEXCUBE main BREYER Acaitionai Parties Documents Exception Discrepancies Rollover Drafts insurance Invoice Packing Credit Purchase Details Multi Tenor Profit Details From Date LBL_RCVRY_PRF_RT To Date LBL_REC_PRF_RT_CD Grace Days Allow Prepayment LBL_RFNDPRF LBL_ACC_COM_DET From Date To Date Cash Co
106. the following preferences related to Batch Processing Auto Change From Acceptance to Advance A product to cater to the acceptance type of bills is being created You can indicate whether the bills linked to this product should be automatically converted into a payment type of bill on its liquidation date Auto Liquidate BC Contracts Components of a bill can be liquidated automatically or manually In the Product Preferences screen you can indicate whether the mode of liquidation is to be automatic or manual au ORACLE If the automatic mode of liquidation is specified a bill will be automatically liquidated on the day it falls due by the Contract Auto Liquidation function run as part of the BOD processing If a bill for which you have specified auto liquidation matures on a holiday the bill will be processed based on your holiday handling specifications in the Branch Parameters table e lf you have specified that the processing has to be done on the last working day before the holiday a bill maturing on a holiday will be liquidated during the End of Day processing on the last working day e lf you have specified that the processing has to be done only up to the system date the bills maturing on a holiday will be processed on the next working day during the Beginning of Day process If you do not specify auto liquidation you have to give specific instructions for liquidation through the Manual Liquidation screen on the day you
107. then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description Sor Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if it is a Account Receiva ble else equivalent amount of charges fees in Customer Account Currency Real GL Cr Bills CLFA CCY Bill amount in the con Cont Account tract currency Asset Real GL Dr CLFA Offset CCY Bill amount in the con Cont Account tract currency Offset 12 34 ORACLE Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 4 6 Outgoing Acceptance Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type mG TYDS Cr Description eer Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receiva Receivable charge fee currency if it is ble a Account Receivable else equivalent amount of charges fees in Account Cur
108. to open it E New E3 Enter Query Goods Details Goods Code Language Code LBL_GOODS_SHT_DESC Goods Description LBL_GOODS_CLASSF Fields Maker Date Time Checker Date Time Mod No Record Status Authorization Status Specifying Goods Details In this section specify the following details Goods Code In Oracle FLEXCUBE goods are identified by a four character code called a Goods Code One of the characters of the goods code should be an alphabet You can follow your own conventions for devising the code The goods code that you specify should be unique as it is used to identify the goods While creating a product or at the time of entering a bill instead of defining details of the goods transacted under the bill you need to only specify the code assigned to the goods The details of the goods will automatically be picked up and defaulted ORACLE 3 3 2 3 3 3 Language Code Specify the language code using which all the correspondences with the party should be carried out Click the adjoining option list icon to view the list of available language codes Goods Short Description Give a brief description of the goods Goods Description While specifying details of the goods transacted under a bill you can edit the description that is defaulted to suit the requirements of the bill you are processing You can also use it to enter specifications such as the quality and quantity of the mer
109. to be applied for the conversion The options available are Buy rate Mid Rate or the Sell Rate Rate Code The rate code will be used to pick up the exchange rate The rate codes maintained through the Standard Rate Code Maintenance screen will be available for selection in the option list provided Select the appropriate rate code for the loan Exchange Rate For a customer availing any Relationship Pricing scheme the customer specific exchange rate derived by adding the original exchange rate and the customer spread maintained for the relationship pricing scheme gets displayed here If Relationship Pricing is not applicable Exchange Rate will be the same as the Original Exchange Rate For more details on customer specific exchange rates refer the section titled Specifying Pricing Benefit Details in Relationship Pricing user manual Rate Type The Rate Type indicates whether the rate to be applied for the conversion is the Buy rate Mid Rate or the Sell Rate Select the appropriate rate type from the drop down list Original Exchange Rate The base actual exchange rate between the Contract currency and Collateral currency gets displayed here Loan Finance Value Date The system displays the debit value date However you can amend this field For tracking the receivable from the current date the system will create the loan one day prior to the debit value date and liquidate on the debit value date In such cases you can s
110. venture customers need to be 100 Otherwise the system displays the error message as EL CUST01 Sum total of limits percentage contribution should be 100 For non joint venture customers the system tracks the limits based on the amount tag Documents Tab A bill as an instrument of trade finance involves trade transactions Such transactions involve merchandise a mode of transportation and documents that accompany the goods in the case of a documentary bill You can specify document goods and shipping details only for documentary bills under an LI or not under an LI You can specify these details in the Islamic Bills and Collections Contract Detailed screen by clicking on the tab titled Documents If the Islamic LC module of Oracle FLEXCUBE has been installed at your bank and the documentary bill is under an Islamic LC then the document goods and shipping details will see ORACLE 5 3 5 1 be automatically picked up on specifying the reference number of the related Islamic LC You will not be able to amend the details defaulted from the related Islamic LC Contract Details FX New amp Enter Query Product Code Product Description Contract Reference User Reference Source Reference Main Details Additional Parties ee Tu Ge Exception Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Document Details 1 0f1 Code Description First Mail Copy Second Mail
111. walk in customer receiver type 1929 ORACLE BC Release of reserve tracer previous tracer date or tracer start date can UP0129 not be null if at least one tracer has been sent BC Release of reserve tracer tracer start date cannot be null UP0130 BC Release of reserve tracer discrepancy approved date cannot be UP0133 greater than today BC Unhandled exception during upload UP1001 BC Unhandled exception during upload UP1002 BC Unhandled exception during upload UP1003 BC Unhandled exception during upload UP1004 BC Unhandled exception during upload UP1005 BC Unhandled exception during upload UP1006 BC Unhandled exception during upload UP1007 BC Unhandled exception during upload UP1008 BC Unhandled exception during upload UP1009 BC Unhandled exception during upload UP1010 BC UP1011 Unhandled exception during upload BC Unhandled exception during upload UP1012 BC Unhandled exception during upload UP1013 BC Unhandled exception during upload UP1014 BC Unhandled exception during upload UP1015 BC Unhandled exception during upload UP1016 BC Unhandled exception during upload UP1017 13 30 ORACLE BC Unhandled exception during upload UP1018 BC Unhandled exception during upload UP1019 BC Unhandled exception during upload UP1020 BC Unhandled exception during upload UP1021 BC
112. with every accounting entry in Oracle FLEXCUBE You should indicate the Transaction Code to be used for the GL transfer entries involved in the status change oo ORACLE 4 15 1 Stop Accrual You can indicate that accruals on all accruable components of the bill should be stopped when the bill moves to the status being defined By doing so you can ensure that your Receivable accounts for profit and other components are not updated for a bill on which repayment has been defaulted Reverse Accrual You can indicate that the outstanding accruals where a component has been accrued but not paid on the bill should be reversed when it moves to the status that you are defining If you specify so the accrual entries passed on the bill will be reversed when the status change is carried out Note Please note that future accruals should necessarily be stopped if those done till the date of status change have to be reversed Complete Accrual Check this option to complete accruals Indicating if Status Changes have to be carried out Automatically A forward status change is one in which the status changes from one to the next In our example the movement from Active to PDO PDO to NAB and NAB to Write Off are forward changes A reverse status change is one in which the status changes from present status to the previous Such a situation arises when a payment is made on a bill with a status other than Active If yo
113. you are creating islamic BC Tax Product Code Product Description Tax Scheme Scheme Description Tax Details 101 l _ Tax Rule Tax Component Basis Component Event Tax Type x For more information on specifying Tax details refer Tax User Manual under Modularity 4 26 ORACLE 4 12 Specifying Tracer Details Tracers are reminders sent to various parties involved in a bill indicating that an exception that has occurred while processing the bill In this screen you can capture tracer details for the following exception events e Payment Exception e Acceptance Exception e Charge Exception e Reserve Exception Reserve Exception sent by negotiating bank for bills under LC if discrepancies are noted and negotiation is done under reserve right of recourse The tracers are for reminding resolution of the discrepancies and get stopped when the respective discrepancy is marked as resolved The details specified for the product involved in the bill will be defaulted to the contract You can change the defaults to suit the requirements of the bill you are processing Click the Tracers button to invoke the Islamic BC Traders screen Islamic BC Tracers Product Code Product Description Tracer Details for Reserve Exception Tracer Details for Acceptance Exception Tracer Generation NotRequired Tracer Generation NotRequired No of Tracers No of
114. you use it This maintenance is common for both BC and Islamic BC modules You can invoke the Bills amp Collections Instruction Code Maintenance screen by typing BCDINSCD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button If you are maintaining the details for an instruction for the first time select New from the Actions menu in the Application tool bar or click new icon The Bills amp Collection Instruction Code Maintenance screen will be displayed If you are calling an instruction maintenance record that has already been defined click on Summary view From the Summary screen you can click on an instruction to open it Bills and Collections Instruction Code Maintenance E New E Enter Query Instructions Code Details Instructions Code Language Code Instructions Text Maker Date Time Checker Date Time Mod No Record Status Authorization Status a ORACLE 3 4 1 3 4 2 3 4 3 Specifying Instructions Code Details In this section specify the following details Instruction Code In Oracle FLEXCUBE each instruction that you maintain is identified by a four character code called an Instruction Code One of the characters of this code should be a letter of the English Alphabet You can follow your own conventions for devising the code The code that you specify should be unique as it is used to identify the instruction While c
115. 1 Component Liquidation Event a9 ORACLE 4 6 2 1 Specifying Preferences for the Profit Components of a Bill In this section specify the following details Start Day In the case of monthly quarterly half yearly or yearly accruals you should specify the date on which the accruals have to be done during the month For example if you specify the date as 30 accruals will be carried out on that day of the month depending on the frequency If you want to fix the accrual date for the last working day of the month you should specify the date as 31 and indicate the frequency If you indicate the frequency as monthly the accruals will be done at the end of every month That is on 31st for months with 31 days on 30th for months with 30 days and on 28th or 29th as the case may be for February If you specify the frequency as quarterly and fix the accrual date as 31 the accruals will be done on the last day of the month at the end of every quarter It works in a similar manner for half yearly and yearly accrual frequency Grace Days The grace period specifies the period after the repayment date within which the compensation profit if one has been defined for the product will not be applied even if the repayment is made after the due date This period is defined as a specific number of days and will begin from the date the repayment becomes due Compensation profit will be applied on a repayment mad
116. 17 TAPY Transfer for Payment 12 1 17 1 All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC All type of BC Products applicable Accounting Entries None 12 44 ORACLE Advices Bill Type Advice type Advice Description INC PAYMENT_TRCR Tracer for Payment OUT PAYMENT_TRCR Tracer for Payment 12 1 18 TDIS Tracer for approval of discrepancies 12 1 18 1 All Bill Products Operation Stage Clean Doc Sight Usance Under Our LC Al types of BC Products applicable Accounting Entries None Advices Bill Type Advice type Advice Description INC DISCAPPRVL_TRCR Tracer for Approval of Discrepancies 12 1 19 TRES Tracer for release of reserve 12 1 20 All Bill Products Operation Stage Clean Doc Sight Usance Under Our LC All types of BC Products applicable Accounting Entries None Advices Bill Type Advice type Advice Description OUT REL_OF_RES TRCR Tracer for Release of Reserve 12 1 21 DNTC Arrival of Document Notice 12 1 22 All Bill Products Operation Stage Clean Doc Sight Usance Under LC All types of BC Products applicable Accounting Entries None 12 45 ORACLE Advices
117. 2 BC Amendment not allowed REG023 13 20 ORACLE BC Bill currency cannot be null REG025 BC Bill amount cannot be null REG026 BC Both document original RECV field amp document duplicate RECV field REG027 cannot be null BC Covering letter date cannot be null REG028 BC Could not get bill amount LCY REG029 BC REGO3 Value date 1 is a holiday BC Collection reference cannot be null REG030 BC Drawee details have to be input REG031 BC Drawer details have to be input REG032 BC Value date cannot be null REG033 BC REG20 Counterparty field cannot be null BC REG21_ Customer party type cannot be null BC REG22_ Closure not allowed BC REG23 Amendment not allowed BC REP0O1 Report date cannot be greater than today s date BC REP02 Report date cannot be null BC REPO3 Overdue days field s cannot be null BC RVRO1 Do you want to reverse this contract BC SAVED Contract 1 BC SCR01 Parties screen not visited BC SCRO2 Documents screen not visited BC SCRO3 Tracers screen not visited BC SCR04_ Advices screen not visited BC SCRO5 Discrepancies screen not visited BC ST001 Could not get commit frequency BC ST0010 Status change failed 13 21 ORACLE BC ST002 BOD status change processing failed
118. 2 5 Specifying the User Defined Fields cccccceicccetsteeeceentieeeeeeeeneeeeseeeaas 9 4 9 3 Invoking the Bills Batch Process 00 ee eeceeeeeeeeeeeeeeeeaeeeeeeeaaeeeeeeenaeeeeseeeteeeeenenaaes 9 4 9 4 Processes Run during Beginning of Day BOD ce ceeeeeeeeeeeeneeeeeeeeneeeeeeenaaes 9 6 9 4 1 Automatic Liquidation of BiS c s csccccccceceeeeeeeseenneeaeceeeeseeeteeeseeneestaaeess 9 6 94 2 Tracer Generation iis ssi a r a dai de i a ae 9 7 9 4 3 Automatic Accrual Of Profit 2 c ccccecceeeeeceeceneeneeeeeeeeeceeenseeseeeseneesasenseees 9 8 gad mia Day ACCA eonen ies belgie diesels hs ES 9 8 9 4 5 Automatic Status Changes ccccccccceeeeteeeneeeeeceeenneeeeeseeneeteeeseaeeteeeneaas 9 8 9 4 6 Floating Rate CHANQe ccccccccciccceceeeenteeeceeentieeeeeeenaaeeeeseenaeeeeeeeeseeeeseenaaes 9 9 9 4 7 Automatic Change from Acceptance to Advance ceeseeeeeeeeeetteteeeeeees 9 10 9 4 8 Automatic Generation Advices ccccccccceeeeeeeeeeneeceeeeeeeteeeeteteeesestnsaseess 9 10 10 IREpOItS oaar an aaea a A ee ees 10 1 10 1 NtrOdUCtiONs se a ee sce aaa aieea A ne a oA E 10 1 10 2 List of Bills with Pending Document Report ssseessssssiessesrrrssseerrssserrrsssrerrnsssrernss 10 1 10 2 1 Contents of the Report 0 ccccccccccceeenennecaeeeeeeeeeeeeeseeeeeaaeaeeeseeeneesereseens 10 2 10 3 Bills to be Protested Report cccceceeeecececeeceeeeeeeeeeeeeeeeccaeaaee
119. 3 Floating rate changes not processed Run bills amp collections floating rate changes batch process before starting accruals BC AC014 Failed to lock bills amp collections contract reference number 1 for ACCR event BC AC015 Failed to log ACCR event into log table for bills amp collections contract reference number 1 BC AC016 Failed to get new event sequence number for reverse accrual event for bills amp collections contract reference number 1 BC AC017_ Failed to get accrue till date for bills amp collections product 1 13 8 ORACLE BC AC018 Failed to get commit frequency for accruals BC AC019 Failed to insert the error code into exception table for the event ACCR and bills amp collections contract reference number 1 BC AC020 This is an end of day process Cannot process now BC AC021 Failed to get end of input for the current branch BC AC022 Accruals batch process completed BC AC023 Accrue_till_ date is null for bills amp collections contract reference number 1 BC AC024 Profit accruals process failed BC AC025 Failed to update accrual_details after product_level accounting entries for product 1 BC AC026_ Failed to check if any floating profit rate changes for bills amp collections contract reference number 1 are not processed BC AC027 Failed to insert accrual details into table for bills amp collections contract reference n
120. 3 12 Outgoing Negotiation Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Sight only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIC Type Cr Description Ber amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if it is a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr Outgoing Bills CCY Bill amount in the contract Asset Negotiated currency Real Nostro Dr Nostro Vostro CCY Equivalent amount of the Vostro Settlement Bill amount in the Nostro Account Vostro Account Currency ee ORACLE 12 1 3 13 12 1 3 14 Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Outgoing Negotiation Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Sight only Not Applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description GON Amount Real Incom
121. 34 Product end date cannot be less than today BC 00235 No components defined for the status BC 00236 The LOV does not have any valid values BC 00237 Status sequence cannot be duplicated BC 00238 An accounting head has to be defined for every accounting role BC 00239 Product code should have at least one non numeric character BC 00240 Product code cannot start with the alphabet z BC 00241 Transfer days have not been defined BC 00242 Product code should contain only a z and 0 9 characters only BC 00243 Reverse accruals can be set only if a status with a lesser sequence number has stop accruals set to yes BC 00244 The advice code linked to instruction codes have not been defined for any events of the product BC 00245 The advice code linked to free format text codes have not been defined for any events of the product BC 00246 The advice code linked to status codes in status screen have not been defined for the event STCH of the product BC 00247 At least one profit component has to be shown on the contract main screen if any of them are defined for the product BC 00248 If ICCF components are collected in advance then profit component 1 linked to a floating rate code is not allowed We ORACLE BC 00249 No BC product records have been maintained BC 00250 Cannot reopen a closed product BC 00251 Active contracts exists for this product Cannot be cl
122. AIG Type Cr Description Coy Aameunt Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receiva Receivable charge fee currency if it is ble an Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr CLFA Account CCY Bill amount in the contract Con currency tin gent Real GL Dr CLFA Offset CCY Bill amount in the contract Con Account currency tin gent Real Nostro Cr Nostro Vostro CCY Equivalent Bill amount in Vostro Settlement the currency of the Nostro Account Vostro Account currency Real Customer Dr Customer Pay CCY Equivalent Bill amount in ment Account the Customer account currency 12 24 ORACLE 12 1 3 6 12 1 3 7 Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Incoming Discount Documentary Stage Clean Doc Sight Usance Under Our LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description ver Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount
123. Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account ment Account Type AIC Type Cr Description CCY Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receivable Receivable fee currency if itis a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr CLFA Account CCY Bill amount in the contract Con currency tin gent Real GL Dr CLFA Offset CCY Bill amount in the contract Con Account currency tin gent Real Nostro Cr Nostro Vostro CCY Equivalent Bill amount in Vostro Settlement the currency of the Nostro Account Vostro Account currency Real Customer Dr Customer Pay CCY Equivalent Bill amount in the Customer account cur rency 12 23 ORACLE Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 3 5 Incoming Acceptance Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Usance only Not applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type
124. Accounting Entries for Discount Accrual 0 ccceeeeeeeeeeeeeeeteeeeeeeenaaes 7 5 7 5 Specifying Status Change Details for Discount Accrual ceeeeeeeeeeeeeeeeteeneees 7 7 7 6 Processing for Discount Accrual Fee S cccccceeeeeceeeeeeeeeneeeeeeeeceeeeeeeeneeeeeseenaaes 7 7 7 6 1 Computation of Net Discount Accrual Amount for a Processing Day 7 7 7 6 2 IRR Calculation and IRR Re CalCulation i cccccccccteteeteeeetnteeeeeeetnnneeeetes 7 9 Registration of an Islamic Collection Bill cccccceeeeeeeeeeeeeeeeeeeeneees 8 1 Sete MtrOGUCHON seas asa aoe ect EAA ae ete pe cha 8 1 8 2 Invoking the Registration SCreOn ccecccccceeeceeceeeeeeeeeeeeseneeeeeeseeeeeeeeseeeaaeeeeseeaeeees 8 1 8 2 1 Specifying the Parties Involved in a Collection Bill 000010000011100001110000 8 4 Automatic ProGeSSe S aare eaa h te te ace 9 1 Oot o Ta ie g PRE PT PE E EEE EE E O E ETETE 9 1 9 2 Maintaining Branch Parameters 0 c ccceeceeeeeeeeeeeeeeeeeeeeeeeeeeeeseeeeaeeeesenaeeeeseeeaees 9 1 9 2 1 Specifying the Branch DetailS 00sssn11enernrnnnrnnnnnrnnnnnnrnrnnnnrenrannnrnnnnnnne 9 2 9 2 2 Specifying Preferences for Batch Processing cccccceeeeeeeeesetteneeees 9 2 9 2 3 Specifying the Accrual Level 0 ccccceeccecceeetteeeeeeennteeeeeeeneeeeeseeaeeeesseaaaes 9 3 9 2 4 Specify the Liquidation Details 2 ccccccccceeceeessceeeeeeeceeeetecteecsenseeaeeeseess 9 3 9
125. All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC All types of BC Products Accounting Entries All the Accounting Entries that were passed during the life cycle of the BC Contract will be reversed out Advices None 12 40 ORACLE 12 1 10 ACCR Profit Accrual 12 1 10 1 All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC All types of BC Products for which profit is applicable Profit Accruals will be done during initiation of a BC Contract as well as by the EOC Automatic Profit Accrual Function During Contract initiation if profit is applicable for the product and if the profit start date is less than the today s system date then profit accruals till yesterday will be done The normal profit accruals will be done by the EOC automatic profit accrual function Accounting Entries If the Profit on the Bill is collected in arrears then the following profit accrual entries will be passed GL Dr Account Type AIC Type Cr Description CCY Amount Real GL Income Cr Profit earned LCY Equivalent profit accrual amount in LCY Real GL Asset Dr Profit Earned CCY Equivalent profit accrual IENC Cr Not Collected amount in the accrual currency If the Profit on the Bill is collected in advance then the following profit
126. BC Payment tracer previous tracer date or tracer start date cannot be null UP0079 if at least one tracer has been sent BC Payment tracer tracer start date cannot be null UP0080 BC Payment tracer payment message date cannot be greater than today UP0083 BC Payment tracer non payment message date cannot be greater than UP0084 today S27 ORACLE BC Payment advice advice receiver party type cannot exist if advice is not UP0085 required BC Payment advice advice medium cannot exist if advice is not required UP0086 BC Payment advice manually generate field cannot exist if advice is not UP0087 required BC Payment advice receiver party type is mandatory if advice required is UP0088 yes BC Payment advice party details not existing for receiver party type 1 UP0089 BC Payment advice advice medium is mandatory for receiver party 1 UP0090 who is a walk in customer BC Payment advice address details not existing for advice medium 1 UP0091 and receiver party type 2 BC Payment advice advice medium should be null for a non walk in cus UP0092 tomer receiver type BC Acceptance tracer tracer frequency cannot exist if tracer required is UP0094 no BC Acceptance tracer tracer receiver party type cannot exist if tracer UP0095 required is no BC Acceptance tracer tracer medium cannot exist if tracer required is no UP0096 BC Acceptance tracer tracer fre
127. BC ST003 EOD status change processing failed BC ST004 Unable to update the contract BC ST005 Unable to populate exception table BC ST006 Unable to update ICCF master table BC ST007 Could not determine the final status to which the contract has to be moved BC ST008 Could not get ESN BC ST009 Unable to update accruals field BC ST011 Stop accruals failed BC ST012 Reverse accruals failed BC ST014 Critical error occurred during BC status change processing BC ST100 End of input not marked for the branch BC ST101 This process can be run only as a part of beginning of day BOD or end of day EOD process BC ST102 Are you sure you want to start automatic status change processing BC ST103 Failed in automatic status change processing BC ST104 Status change processing completed successfully BC ST105 Failed to get end of input status for the current branch BC ST106 Some products are not yet processed Cannot update status as com pleted in pending programs BC SW001 There are some characters that cannot be sent through swift Do you want to proceed BC SW002 Is not allowed in this field as it can be present in a swift message BC SW003 Maximum number of lines allowed is only 1 Will be truncated in swift Proceed BC SW004 Address format not valid for the media specified BC TROO1 Are you sure you want to start tracer generation process BC TR002 Failed to get payment fate details for bills amp collections contract refe
128. Bill Under LC FIN CLE Sight only Not Applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description nE Amount Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receivable Receivable fee currency if it is an Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Asset Dr Outgoing Bills CCY Bill Amount in Contract cur purchased rency Real Customer Cr Customer CCY Equivalent amount of the Bill Account amount being paid in the Customer Account Currency Real GL Liability Cr Profit collectedin CCY Equivalent Profit amount for advance on Out the BC contracts in LCY going Bills Pur chased Real Customer Dr Customer CCY Equivalent Profit amount in Account the Customer Account Cur rency 12 14 ORACLE 12 1 2 8 Advices Advice type Advice Description REMITTANCE_LTR Remittance Letter PAYMENT_ADVICE Payment Advice Outgoing Negotiation Documentary Stag Clean Sight Bill Under e Doc Usance LC FIN DOC Sight only Optional Accounting Entries If any charges fees are applicable then the followin
129. C reference 1 DE0025 and event 2 with event sequence number 3 failed BC Deletion of records from contract exceptions table for BC reference 1 DE0026 and event 2 with event sequence number 3 failed BC Deletion of records from contract overrides table for BC reference 1 DE0027 and event 2 with event sequence number 3 failed BC Deletion of records from contract paid details table for BC reference 1 DE0028 and event 2 with event sequence number 3 failed BC Only unauthorized event of contract can be deleted Cannot delete DE0029 authorized event 2 with event sequence number 3 of BC reference 1 BC Deletion of accounting entries for event 2 with event sequence num DE0030 ber 3 of bills amp collection reference 1 failed BC Deletion of customer settlement data for event 2 with event DE0031 sequence number 3 of bills amp collection reference 1 failed BC Deletion of ICCF sub system data for event 2 with event sequence DE0032 number 3 of bills amp collection reference 1 failed BC Deletion of tax sub system data for event 2 with event sequence DE0033 number 3 of bills amp collection reference 1 failed lee ORACLE BC Deletion of common contract table record for event 2 with event DE0034 sequence number 3 of bills amp collection reference 1 failed BC Deletion
130. CHG_COM_TRACER in MT799 MT499 swift format as part of LQ EOD Batch if the Preferred Medium is SWIFT For further details on Swift FFT Template Screen Maintenance screen refer the section Maintaining SWIFT FFT Template in the Defining Free Format Messages chapter in the Messaging System User Manual Specifying Free Format Text Details Free Format Texts FFTs Instructions and Document codes applicable to the product you are creating can be defined here These FFTs and Instructions can appear along with the advices that are generated during the lifecycle of the Bills linked to this product AAB ORACLE Click the Free Format Text button to invoke the Bills and Collections Product Instructions and Free Format Text screen Instructions and Free Format Text Product Code Description Instructions 1 Of 1 Insurance Code Description Advice Code Serial Number Free Format Text 1 0f 1 Text Code Description Advice Code Serial Number 4 13 0 1 Specifying FFT Details In this screen specify the FFTs that are applicable to the bills product you are creating A list of the standard FFTs that can accompany a bill is maintained in the Free Format Text Maintenance screen You can select an FFT code from the pre defined list of FFTs The description associated with the FFT code you have selected will be displayed
131. Class Maintenance screen by typing DADACRCLL in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Discount Accrual Maintenance E New E3 Enter Query Class Code Description Module D A Module Description Discount Accural Accrual Preference Discount Accrual Required Accrual Frequency Daily ka Handling of Foreclosure Complete Accrual v Acquisition Type Par Discount Class Currency Preference Currency Currency Name Numerator Method Denominator Method E fe Actual 365 Input By Authorized By Modification Date Time Date Time Number WB Authorized W Open Before defining the attributes of a discount accrual fee class you should specify the following Class Code Specify a unique identifier for the class Description Enter a brief description for the class A description would help you easily identify the class Module Specify the module to which the class is associated Specifying Accrual Preferences When building a discount accrual fee class you define the following attributes Discount Accrual Required Specify whether Discount accrual should be performed for the class Accrual Frequency Specify the frequency at which discount accrual should be performed This can be either Daily or Monthly For monthly accruals the discount accrual will be done on the last day of the
132. Copy Characteristics Fund Id Version Number _4 Es Operation Stage Final Source Code FLEXCUBE First Mail Original Second Mail Original Reimbursement Bank Copy Description Goods Details Goods Code Goods Description INCO Term Shipment Details Shipment From Shipment To Shipment Details Shipment Marks Shipment Information Latest Shipment Date Goods Shipment Date Goods Arrival Date Partial Shipment Allowec Trans Shipment Allowed Goods Carrier K mE Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective Profit Rate ProfitDates LBL_FIACC Charges CommissionTransfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Date Time Specifying Details of the Documents Applicable to a Bill There are some standard documents that may be required under a documentary bill For documentary bills not under an LI the documents specified for the product to which the bill is linked will be defaulted to this screen The details specified for these documents like the document type description the clauses specified for the document are also defaulted from the product You can edit the list of documents as well as the contents of the documents to suit
133. Date NPV the Net Present Value of the contract as of n Accrual Date P the Outstanding Principal of the contract as of n Accrual Date DTA the Discount to be accrued as of current IRR Effective Date Alp the Current Period Accrued Profit as of n Accrual Date and DA the Discount Accrued as of current IRR Effective Date The difference between the Till date discount accrual amount as of the previous processing day and the Till date discount accrual amount as of the current processing day is the Net Discount accrual amount that is realized as income as of the processing day The expression used would be NDA TDA TDA Where 1 ORACLE NDAn represents the Accrual for nth Accrual Date TDAhn the Till Date Discount Accrual for nth Accrual Date and TDAn 1 the Till Date Discount Accrual for n 1th Accrual Date 7 6 2 IRR Calculation and IRR Re calculation IRR calculation does not happen in the below mentioned cases Collection Payment Acceptance Initial stage of a contract Advance by finance is marked for the contract Contract closure IRR recalculation happens during the following events with new effective date Value dated amendment of a contract maturity date Floating profit rate revision Partial prepayment to a principal amount for a contract New charge on a contract payable by customer Amendment of the Profit to Date Amendment of the profit rate P
134. Date Base Date Description Value Date Base Date Debit Value Date Tenor Days Credit Value Date Transit Days Maturity Date LC Details LBL_LCISSUEDATE Confirmed Amount LBL_LCAMOUNT Available Confirmed LBL_LC_LIAB_AMOUNT Amount LBL_THEIR_LCREF Unconfirmed Amount Reimbursement Days Available Unconfirmed Amount Liquidation Details Liquidation Amount Their Charge Currency Liquidation Date Their Charge Amount LBL_PRFLIQDMOD Deferred bd Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Date Time Through the screens that follow in this section you can process all type of bills Import and Export both domestic and international You can choose to enter the details of a contract either by e Copying the details from an existing contract and changing only those details that are different for the contract you are entering e Using your keyboard and the option lists that are available at the various fields to enter the details of the bill afresh To facilitate quick input you only need to enter the product code Based on the product code you choose many of the fields will be defaulted You can over write thes
135. Debit EIMPREMPIA EIMPREM_ACCR Credit Note OLE_LINK2 The account head mapped to the accounting role EIMDISCRIA and account heads mapped to the subsystem specific RIA Received in Advance accounting roles should be maintained as the same account For discount accrual you must also maintain the following accounting set up for the Charge Liquidation event The charge liquidation event is the event in the life of a bill contract at which the charge is going to be levied you would have specified this while building a charge class or while attaching a charge class to the product This is in addition to the normal accounting set up that you would define for the LIQD event Accounting Role Description component_RIA Charge amount Received in Advance The component will be replaced by the appropriate Charge Rule Amount Tag Description component_DISC Charge Amount to be discounted component_PIA Charge amount paid in advance The component will be replaced by the appropriate Charge Rule The following entries should be maintained for the charge liquidation event Accounting Role Amount Tag Dr Cr lt Charge rule gt _RIA lt Charge rule gt _DISC Credit CUSTOMER lt Charge rule gt _DISC Debit lt Charge rule gt _INC lt Charge rule gt _LIQD Credit CUSTOMER lt Charge rule gt _LIQD Debit lt Charge rule gt _PIA lt Charge rule gt _PREM Debit CUSTOMER
136. FATEPANS SNDRRCVRINFO ACCEPTANCE_FATE ADVFATEAQRY ADVFATEAANS 73CHGCLAIMED PAYMENT_REFUSAL 33TOTAMTCLMD 57ACWITHBANK SNDRRCVRINFO 77TAPAYREFUSL 73CHGCLAIMED ACCEPT_REFUSAL 33TOTAMTCLMD 57ACWITHBANK SNDRRCVRINFO 77AACPREFUSL SNDRRCVRINFO RESERVE_RELEASE SNDRRCVRINFO AMNDMNT_OF_INS 33ADDAMTCLMD O O O Z O 0 OF O Z O OF OF OC O O O O O GO OF OF O REIMBRSMNT_CLM ORACLE S8BENFICBANK 57ACWITHBANK SNDRRCVRINFO 71BCHARGES 34TOTAMTCLMD SNDRRCVRINFO DISCREPANCY_REQ 33BADDLAMNT 71CHGTOBEDED oO O O O O O OC O 34TOTAMTPD 73CHGTOBEADD O 57ACWITHBANK SNDRRCVRINFO REL_OF_RES_TRCR SNDRRCVRINFO PAYMNTFATE_TRCR SNDRRCVRINFO ACCPT_FATE_TRCR SNDRRCVRINFO DISCAPPRVL_TRCR SNDRRCVRINFO ACKNOWLEDGEMENT SNDRRCVRINFO ACCEPTANCE_ADV SNDRRCVRINFO PAYMENT_TRCR SNDRRCVRINFO ACCEPTANCE_TRCR SNDRRCVRINFO PRINCIPAL_FATE ADVFATEPQRY ADVFATEPANS SNDRRCVRINFO ACCEPTANCE_FATE ADVFATEAQRY ADVFATEAANS 73CHGCLAIMED PAYMENT_REFUSAL 33TOTAMTCLMD 57ACWITHBANK SNDRRCVRINFO 77TAPAYREFUSL 73CHGCLAIMED oO OJ O O OF OOO OF O OC CO O OC OF OG OC OC GO O O ACCEPT_REFUSAL ORACLE 33TOTAMTCLMD 57ACWIT
137. FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Bat Date Time In this screen you can capture tracer details for the following exception events e Payment Exception e Acceptance Exception The details specified for the product involved in the bill will be defaulted You can change the defaults to suit the requirements of the bill you are processing There are two types of messages that can be sent each time an exception tracer is generated One to the party who needs to be reminded to take action to resolve the exception exception tracer and the another to the party who needs to be informed about the current status of the exception advice of fate tracer In this screen you can specify details for the generation of both types of messages Specifying Details for the Receiver of the Tracer In this section you need to specify the following details Tracer Required You can indicate whether the exception tracer is applicable to the bill you are processing You can select one of the following options e Required If you specify that a tracer is applicable to a bill you should also specify the number of tracers that should be generated for the exception Faa ORACLE e Not Required You can select this option to indicate that the exception tracer is not applicable to the bill y
138. HBANK SNDRRCVRINFO DISCREPANCY SNDRRCVRINFO RESERVE_RELEASE FREEFRMTTEXT SNDRRCVRINFO AMNDMNT_OF_INS FREEFRMTTEXT SNDRRCVRINFO PROTEST_NONPAY FREEFRMTTEXT SNDRRCVRINFO PROTEST_NONACPT FREEFRMTTEXT SNDRRCVRINFO CLOSURE_ADVICE FREEFRMTTEXT SNDRRCVRINFO DISCREPANCY_REQ FREEFRMTTEXT SNDRRCVRINFO REMITTANCE_LTR FREEFRMTTEXT SNDRRCVRINFO REIMBRSMNT_CLM FREEFRMTTEXT SNDRRCVRINFO SNDRRCVRINFO REL_OF_RES_TRCR SNDRRCVRINFO PAYMNTFATE_TRCR SNDRRCVRINFO ACCPT_FATE_TRCR SNDRRCVRINFO DISCAPPRVL_TRCR SNDRRCVRINFO PAYMENT_ADVICE SNDRRCVRINFO DISCOUNT_ADVICE SNDRRCVRINFO ADVANCE_ADVICE SNDRRCVRINFO Ol O Ol O OF O O O OF CO O OF O OF OF O O OF O O OF O CO DO OG O O OC O PURCHASD_ADVICE ORACLE 12 Annexure B 12 1 Suggested Accounting Entries and Advices for Islam ic Bills This Annexure lists the suggested accounting entries and advices that can be set up for the Islamic Bills and Collections module of Oracle FLEXCUBE The annexure lists details of the suggested accounting entries and advices event wise 12 1 1 BOOK Booking 12 1 1 1 Incoming Payment Operation Stage Clean Doc Sight Usance Bill Under LC PAY INI DOC Sight Only Yes mandatory Accounting Entries If any
139. ICE Document Arrival Notice ACKNOWLEDGEMENT Acknowledgment Advice PAYMENT_ADVICE Payment Advice Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type ue TYPE Cr Description ew Eii 12 9 ORACLE 12 1 2 3 Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if it is a Account Receivable else Equivalent amount of charges fees in Customer Account Currency Real GL Dr CLFA Account CCY Bill amount in the contract Con currency tin gent Real GL Cr CLFA Offset CCY Bill amount in the contract Con Account currency tin gent Real GL Cus Cr Cash Collateral CCY User input Cash Collateral tomer Account for Bills Amount in the Cash Col accepted under lateral Currency LCs Real Customer Dr Cash Collateral CCY Equivalent User input payment Account Cash Collateral Amount in the Cash Collateral Cur rency Advices Advice type Advice Description RESERVE_RELEASE Release of Reserve Advice DOC_ARVL_NOTICE Document Arrival Notice PAYMENT_ADVICE Payment Advice ACKNOWLEDGEMENT Acknowledgment Advice Incoming Discount Documentary Stage Clean Doc
140. ISCREPANCY_REQ Discrepancies Request Letter PAYMENT_ADVICE Payment Advice Outgoing Purchase Stage Clean Doc Sight Usance Bill Under LC INI DOC Sight Only Not Under LC Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIC Type Cr Description ger Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY b ORACLE 12 1 1 7 Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the Receivable Fees Receiva charge fee currency if it is ble a Account Receivable else equivalent amount of charges fees in Customer Account Currency Advices Advice type Advice Description DISCREPANCY_REQ Discrepancies Request Letter PAYMENT_ADVICE Payment Advice Outgoing Negotiation Stage Clean Doc Sight Usance Bill Under LC INI DOC Sight Only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type PI Type Cr Description GOM Anna Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Ch
141. In this field you can indicate the amount that has been liquidated under a collection Outstanding Amount The outstanding amount which is the amount that is yet to be liquidated under the bill is automatically displayed In the case of a collection it is computed as follows Outstanding Amount Bill Amount Liquidation Amount oe ORACLE 5 3 4 For bills other than collection type the bill amount will always be equal to the liquidation amount Forfait Details Request Date Specify the date on which your customer requests for bill forfaiting Document Submission Date The requestor of forfaiting will invariably submit a document This may or may not happen on the date of request So you can capture the date of submission of the forfaiting document here Note These two fields are only meant for information purpose The system performs no process ing or validation on them Parties Tab In the Islamic Bills and Collections Contract Detailed screen you have already specified details for the Counterparty of the bill Click the Parties tab to record details pertaining to all the parties involved in a bill The documents tracers advices and messages that are generated for the bill will be sent to the concerned parties based on the details you specify in this screen Contract Details E New amp Enter Query Product Code Characteristics Product Description Fund Id Version Number _
142. ORACLE Islamic Bills and Collections User Guide Oracle FLEXCUBE Universal Banking Release 12 0 3 0 0 Part No E53393 01 April 2014 Islamic Bills and Collections User Guide April 2014 Oracle Financial Services Software Limited Oracle Park Off Western Express Highway Goregaon East Mumbai Maharashtra 400 063 India Worldwide Inquiries Phone 91 22 6718 3000 Fax 91 22 6718 3001 www oracle com financialservices Copyright 2007 2014 Oracle and or its affiliates All rights reserved Oracle and Java are registered trademarks of Oracle and or its affiliates Other names may be trademarks of their respective owners U S GOVERNMENT END USERS Oracle programs including any operating system integrated software any programs installed on the hardware and or documentation delivered to U S Government end users are commercial computer software pursuant to the applicable Federal Acquisition Regulation and agency specific supplemental regulations As such use duplication disclosure modification and adaptation of the programs including any operating system integrated software any programs installed on the hardware and or documentation shall be subject to license terms and license restrictions applicable to the programs No other rights are granted to the U S Government This software or hardware is developed for general use in a variety of information management applications It is not developed or intended for use
143. T CRST Nostro Account Cr BC_CRST_COLL_LIQ_AMT The BC Suspense accounting role mentioned here is the bridge GL used between the Bill and finance and contains the suspense account maintained as a part of the Bill crystallization product preference If the set of accounting entries in INIT event of Bills discussed above are not defined then the you have to map the Bills Commission receivable and Bills Charge receivable accounting roles to the same head as that of the LC Commission receivable and LC Charge receivable roles heads This is operationally controlled and the system does not perform any validations to ensure the same Crystallization Linkage Event The BLNK event is triggered in the bill upon booking of a linked finance for the bill No advice or accounting entries shall be allowed for the event This event is basically used to keep an audit trail of when the linkage of the finance occurred to the bill 12 49 ORACLE 12 1 27 Events for Reversal of Linked Finance before and after initiation of the finance Reversal of linked finance before initiation of the finance The RLNK event is triggered in the bill on the reversal of a linked finance before initiation of the finance is allowed This event does not have any accounting or messaging and such bills are again available for linking Reversal of linked finance after initiation of the finance Upon initiation of the finance the bill gets liquidated a
144. T_ADVICE Payment Advice Outgoing Purchase Documentary Stage Clean Doc Sight Usance Under LC FIN DOC Sight only No Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG TYRE Cr Description GEN Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receivable Receivable fee currency if itis a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Asset Dr Outgoing Bills pur CCY Bill Amount in Contract chased currency Real Customer Cr Customer Account CCY Equivalent amount of the Bill amount being paid in the Customer Account Currency Real GL Liability Cr Profit collected in CCY Equivalent Profit amount advance on Out for the BC contracts in going Bills Pur LCY chased 12 13 ORACLE 12 1 2 7 Real Customer Dr Customer Account CCY Equivalent Profit amount in the Customer Account Currency Advices Advice type Advice Description RESERVE_RELEASE Release of Reserve Advice REMITTANCE_LTR Remittance Letter Outgoing Purchase Clean Stage Clean Doc Sight Usance
145. Tenor Units Contract Reference Event Sequence Number Bill Outstanding Amount Crystallization Type Bill Amount to be Crystallized Collateral to be Liquidated m Liquidate Charge Comm on LC Mid Rate Buy Sell Rate Maximum Credit Product Account Mid Rate Minimum Debit Product Account Payment Mode Debit Account Branch Loan Finance Value Date Credit Account Branch Maturity Date Exchange Rate Rate Type Original Exchange Rate 1 Of 1 E User Defined Elementid UDE Description RateAsOf Usage UDE Value To recall you have the option to create a loan from bills module In case you opt for this option the preferences you maintain in this screen will be used to create a loan during liquidation of bills Contract Reference Number The system displays the contract reference number Currency The system will display the local currency of the Branch in which the loan is initiated You cannot change this value Tenor Here you need to indicate the tenor for each loan being maintained The tenor is expressed in days The minimum maximum tenor specified in the loan product underlying the contract has to be adhered to o80 ORACLE Line This is the credit line against which the loan is issued to the customer The adjoining option list displays a list of GL codes maintained in the GL Module Highlight the line you want to assign to this loan and click Ok button to select the line Rate Select the rate
146. Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description 0 ORACLE Contract Reference Indicates the contract reference number Number Product Code Indicates product code Drawee Id and Indicates Drawee ID and Drawee Name Name Drawer Id and Indicates Drawer ID and Drawrer Name Name Currency Indicates Currency Amount Indicates Bill Amount Remitting Bank ID and Indicates remitting bank id and name Name Remitting Bank Refer Indicates remitting bank reference number ence Number Tenor Indicates the tenor code Aging Indicates the aging 10 18 Islamic Multi Tenor Bills Report This report gives the details of the multi tenor bills for the selected date range You can invoke the Islamic Multi Tenor Bills screen by typing IBRMLTNR in the field at the top right corner of the Application tool bar and click on the adjoining arrow button islamic Multi Tenor Bills Multi Tenor Contracts Report Stage Both Product Selection All Product Codes Specific Product Code Date Selection Transaction Date From Go Transaction Date To rT ReponFormat POF PrimterAt Client Report Output Print Printer Multi Tenor Contract Report Specify the following details Stage Indicate whether the
147. Tracer Details serpere irena oani a E 6 3 6 1 4 Accounting Entries Passed during Manual Liquidation 0 c ccccccceceee 6 3 6 2 Reversing Liquidation Entries aaessssseeeeeesnseesennesssinnnestennnnsannnaddtnnnnncenannaentannnnnaa 6 3 6 2 1 Partial Payment of the Discounted BilS ccc tee eettntteeeeeetnteeeeeetae 6 4 6 3 List of Outstanding Items Report eeessssesesesesrrsssserrrssstirrssstrrssstennssstttnnssstennennnt 6 4 6 3 1 UNVOKING thiS REPON osie o e E EEEE a E EA 6 4 EE ET 21011011R 01110 IPE E ee a 6 4 6 3 3 Contents of the Repor aae a a a E 6 4 6 4 Liquidation of Overdue Components cecceceeeeeeeeeeeeeeeeceaaeceeeeeeeeeeeeetieees 6 5 6 4 1 Specifying Event Details 0 ccccccccccctteeeeeceeenneeeeceeenteeeeeeesneeeeeesenaeeeeeseeaas 6 6 6 4 2 Specifying MIS D tallS er sseds eiiie innan eaii aa eiia edea aeaaea eria 6 7 Defining Discount Accrual Fee Classes ccceceeeeeeeeeeeeeeeeeeeeeeeeeeeneees 7 1 EU MnttOGUCtiON 85 etveeecds heen eee acai tina daniel ed earn E a 7 1 7 1 1 Steps Involved in Processing Discount Accrual Fees 0 cccceceeeeeeetees 7 1 7 2 Defining a Discount Accrual Fee Class 0 0 2 eee ceceeeeeeeeeeeeeneeeeeeeeeneeeeeeenaeeeeesenaaes 7 1 7 2 1 Specifying Accrual PreferenCes cccccccccccceeeeteenneeeeeteeeeeeeeeteneaeeeeteeananees 7 2 7 3 Associating Discount Accrual Components To Products c ccceeeeeeseeeeteenneeees 7 3 7 4 Events and
148. Transfer Maximum Size in Bytes Request for Transfer Generate MT101 No of Transactions per Message Maker Checker Mod No Record Status Authorization Status Date Time Date Time 5 5 10 1 Fund Asset Management The settlements processing is enabled only if Allow Corporate Access has been checked while defining branch parameters in the Branch Parameters Detail View screen e If Allow Corporate Access is checked for a fund branch and the fund is Portfolio type then during settlement processing the settlement account is chosen based on the settlement instructions maintained for the counterparty e If Allow Corporate Access is not checked for a fund branch then the settlement processing is disabled and the settlement account remains as a fund branch account maintained for the fund e Ifthe corporate account exists in different branch then the Inter branch account GL maintenance is used for resolving the bridge account 25 ORACLE 5 5 10 2 Indicating Preferences for the Profit Components Rate Type You can indicate the profit rate type that is to be picked up and applied to the finance contracts involving the product The options available for the rate type are e Fixed e Floating e Special Choose the appropriate option from the drop down list Usage The usage indicates the time at which the rate change has to be applied to the finance contract in case the profit is floating
149. _COMP_RECV Bills Charges Receivable BC_LC_COMM_COMPRECV Bills Commission Receivable The LC_CHG_COMP_RECV and LC_COMM_COMPRECYV roles defined as a part of the Bills product are mapped onto the GL s same as the ones mapped in the LC product This is operationally controlled and the system does not ensure the same The BC_LC_CHG_COMP_RECV and BC_LC_COMM_COMPRECYV roles defined as a part of the Bills product are mapped to the BILLS receivable GL This is used to transfer the amount from LC receivable GL to BILLS receivable GL Amount Tags The amount tags for the receivable charge and receivable commission propagated from LC to Bills are as follows Amount Tag Description LC_CHG_TFR LC Charge being transferred LC_COMM_TFR LC Commission being transferred LC_CHG_TFR_LIQD LC transferred Charge being liquidated LC_COMM_TFR_LIQD LC transferred Commission being liqui dated Accounting Entries The accounting entries as a part of the Bill initiation Liquidation Amendment with regards to the commission an charges transferred from the LC are as follows ra Accounting role Amount tag propagated from LC Dr BC_LC_COMM_COMPREC_ LC_COMM_TFR V Cr LC_COMM_COMPRECV LC_COMM_TFR Dr BC_LC_CHG_COMP_RECV LC_CHG_TFR Cr LC_CHG_COMP_RECV LC_CHG_TFR These accounting entries may not be maintained as part of either of the events where the system does not pass any ac
150. a discounted bill coming under this product can be forfaited by checking this option This option will be available only if one of the two cases is true e The selected operation for the product is Discount 44 ORACLE e The selected operation for the product is Acceptance with the change preference Acceptance to Discount checked The system will trigger the event FDIS if the bill operation changes from Discount to Forfaiting If the initial operation for an export bill with tenor Usance is set as Acceptance then you can change the operation to Acceptance to Discount If Acceptance to Discount is chosen then you will be able to select any one of the following operations e Discount to Collection e Discount to Forfaiting On save of the product the system will check whether the bill product was saved initially with the Forfaiting operations or not If the product had been saved earlier with any of the forfaiting operations the system will not allow you to save the product The process for changing a bill status is given below 1 First you have to unlock the contract 2 Secondly you have to change the operation code 3 Specify the limits tracking parameters for the changed contract Collection to Transfer Check this box to indicate that the operation for the contracts created under this product can be changed from Collection to Transfer You can do this operation only for Coll
151. able and if the contracts linked to the product involves a foreign currency You can specify the minimum and maximum limit by which the exchange rate entered for contracts involving this product can exceed the standard exchange rate In the Override Variance Limit field specify the minimum percentage over which you can exceed the normal exchange rates Maximum Variance In the Maximum Variance field specify the maximum percentage up to which you can exceed the normal exchange rate Their Charges Here you can define the charge component for the charges that are due to the counterparty bank wee ORACLE 4 7 Specifying The Charges Click the Charges button to invoke the Charge Details screen In this screen you can define the charge component for the charges that are due to the counterparty bank Charge Details Product Code Product Description Component Details Stop Association Component C Propagation Required wis afauli From Class Description Default From Class Charge Type Debit Credit Third Party Type Add Subtract Net Consideration SWIFT Qualifier _ Advice Charge Event Details Event For Association Event For Application Description Description Event For Liquidation Basis Amount Tag Description Description Rule Details Settlement Currency C Default Waiver Rule C Capitalize Description Collect LC Advising Charges in Bills Other Details Allow Ru
152. acceptance Tracers can be automatically generated at an indicated frequency until a discrepancy is resolved When a repayment against the bill is not made on the due date you may want to do an aging analysis for the bill You can define the number of days that the bill should remain in a given status the sequence in which a bill should move from one status to another and also indicate the direction of movement forward or reverse You can follow up on the repayment of a bill by generating reports which detail the status of aging bills Depending on the processing requirements of your bank you can define and store the standard documents clauses and instructions and free format texts These details can be incorporated and printed onto the output document of the bill by entering the relevant code This eliminates entering the details of standard components of a bill every time you need to use them Islamic Bills can be carried over several stages during the day After a bill has been entered it can be verified and authorized on line before further processing Information services for managerial and statistical reporting such as on line transactions status report and the immediate retrieval of information of the bills processed at your bank can be generated Oracle FLEXCUBE s Graphic User Interface GUI facilitates ease of input Option lists are provided wherever possible This makes the module both efficient and easy to use The media
153. accrual entries will be passed GL Dr Type AIC Type Cr Account Description CCY Amount Real GL Cr Profit earned LCY Equivalent profit accrual amount in LCY Real GL Liability Dr Unearned Profit CCY Equivalent Bill Ul Profit collected in amount in the advance accrual currency Advices None 12 41 ORACLE 12 1 11 REAS Reassignment 12 1 11 1 All BC Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC All types of BC products Accounting Entries None Advices None 12 1 12 ADIS Approval of Discrepancies 12 1 12 1 All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC All types of BC Products applicable Accounting Entries None Advices Bill Type Advice type Advice Description OUT RESERVE_RELEASE Advice of Discharge INC RESERVE_RELEASE Advice of Discharge 12 1 13 REFA Refusal to Accept 12 1 13 1 All Bill Products Bill Type Operation Stage Clean Doc Sight Usance Under Our LC Usance only Al types of BC Products applicable Accounting Entries None 12 42 ORACLE Advices Bill Type Advice type Advice Description OUT ACCEPT_REFUSAL Advice
154. advices that will be generated for the contract using Message Preview screen To invoke this screen click Message Preview button Message Preview E New E3 Enter Query Module Contract Reference 10f1 E Document Number Message Type Receiver Media SWIFT Message Type Mes For the contract you can view the following details of the messages e The document number generated for the message advice e Type of message generated for the event e Customer ID of the receiver of the message advice e Name ofthe receiver of the message advice e Media of transmitting the message advice Mail SWIFT e SWIFT message type of the message e Status of the message advice eee ORACLE 5 4 1 5 4 2 If the contract is authorized you cannot use the message preview feature The Message Preview button will be disabled in that case Viewing Message Advice Select a message advice and click View button to view the complete message advice The system will display the following details in a new window Message X amp Enter Query Reference Number 504DUI3131540036 Receiver Sender 00008154 DCN 504160619890 Message Type LC_INSTRUMENT Version Number SWIFT Message Type 700 10f 1 Message NON OPERATIVE COPY a Lo Original Received from Application Outgoing Draft Priority Delivery Normal wee Message Header Swift Input FIN 700 Issue
155. again used during Asset Liquidation The excess proceeds then if any are credited to the customer in that order Again when no Purchase Discount or Negotiation occurs the system directly liquidates any existing Finance and credits excess proceeds to the customer Note The Tag LOAN_LIQD_AMT includes both the Outstanding Principal and profit compo nents put together while the system uses the Tag AMT_PURCHASED if the customer s CASA account needs to be credited Let us illustrate accounting entries for appropriate events using conditions bulleted below e Pre Shipment finance offered in LCY 9 000 INR e Loan Outstanding to date Principal Interest 10 000 INR e Bill Amount 600 USD e Effective LCY Exchange Rate effective purchase or liquidation rate USD INR 50 e Purchase Amount 300 USD Purchase Details Tab Purchase details of a bill can be captured in the Purchase Details tab To invoke this screen in the Bills and Collections Contract Input Detailed Screen click the Purchase Details tab oat ORACLE islamic Bills amp Collections Contract Detailed X H save lt i Hoid Product Code faz Characteristics ol Product Description Ol ae kzl 3 I a Contract Reference i Version Number 4 Of Lb User Reference Operation fel Source Reference Stage Final 5 Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies Rollover Drafts Insurance Invoice
156. aid gt Events Settlements MIS Maker Checker Date Time Status Authorization Status Date Time Contract Reference Specify the contract you want to liquidate You can also select the contract from the adjoining option list The list displays all the active contracts with bill amount zero Outstanding Balance The system displays the outstanding balance on click of P button The system also displays all the overdue interest and penalty interest on Principal Value Date Specify the value date from he adjoining calendar Total Amount Due Total due amount of all the sub components of a multi tenor contract is displayed here However for a non multi tenor contract the system displays the total amount due for all the components On clicking L button the system allocates the payment amount towards each component Total Paid The system displays the total amount paid on click of S button Payment Remarks Specify payment remarks if any Currency The system displays the currency 6 ORACLE 6 4 1 Name The system displays the name of the customer Payment Breakup The system displays the following payment breakup details e Component e Amount Due e Currency e Amount Prepaid e Due Date This screen displays all the overdue profit and compensation profit on Principal All the active contracts with bill amount zero will be displayed You can choose to liq
157. ally or automatically 10 6 ORACLE 10 5 1 You can invoke the screen by typing IBROBUDS in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Islamic Bills in User Defined Statuses Status All Statuses Specific Status User defined Status Product All Products Specific Product Product Code Currency All Currencies Specific Currency Currency Code Report Format Printer At Client Report Output Printer You can specify the following parameters here Status Indicate whether the reports should be generated for all statuses or specific status If you choose Specific Status you need to specify the user defined status for which the report needs to be generated The option list provided displays all valid user defined status maintained in the system You can select the appropriate one Product Indicate whether the reports should be generated for a specific product or for all products If you choose Specific Product you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Currency Indicate whether the reports should be generated for a specific currency or all currencies If you choose Specific Currency you need to specify the currency for which the report needs to be generated The option list prov
158. anage tax details you are creating Tax Details Contract Reference Tax Scheme Waiver Rule Details 1 Of 1 E Rule Basis Component Event Waiver a Amount Details 10f1 E Value Date Transaction Date Currency Event Sequence Number For more details on maintaining Tax details refer Tax User Manual under Modularity Viewing Different Versions of a Bill When you enter a bills contract it is allotted the version number 1 From then on each amendment that you make to the contract results in the next version of the contract being created In Detailed View screen of a contract the latest version will be displayed To navigate between the various versions use back arrow button for previous and forward arrow button to go to the next version About Templates Saving a contract as a template To create a template you should store a bill that you have entered as a template Enter all the details of the bill before you save it as a template To store a contract as a template click on T in the tool bar or choose Template from the Processing sub menu of the Actions Menu Deleting a Contract A contract can be deleted only by the user who entered it If a contract has to be deleted and the user who input the same is not available to do it you can reassign the contract to another user so that the other user can delete it Typically this situation may arise du
159. ance BC AC067_ Both Auto Liquidation field and Advance by finance field are checked Auto Liquidation will take precedence over Advance by Finance BC 30080 Accrual required and Consider as discount are mutually exclusive 1241 ORACLE B BCDAMTEX o essecesssseeeessee 3 15 BCDBRPRM osasse 9 1 BCDCOMOD statccn certs 3 5 BCDDISCD eesscessseseessee 3 11 BCDDOCCOD access 3 1 BCDFFTCD ccssssssessssseee 3 9 BCDINSCD sssesssseeseseeeee 3 7 BCDINSCO o oceessesesssseeeesseee 3 13 BCDTRDOC oo eee 10 BCSTRONL ois 97 D DADACRCL esssesessssesseseseees 7 2 E EIDMANPE cssssseeessseeeess 9 5 l IBDPRMNT oo sssseesssseeeesseeees 4 1 IBDTREAS oe eessecesssseeessseee 5 93 IBDTRGON oes eesseeesssseeeesseeees 8 1 IBDTRONL ccc eesseeesssseeeessseees 5 1 IBDTRPAY cessseessssseeeessseees 6 6 IBRENDOC o oo eeseeeessseeeeeeeeee 10 1 IBROBEFR essecesssseeeesseee 10 5 IBROBTBP o eeseceessseeeesseee 10 3 IBROBUDS oo eesececssseeeessee 10 7 IBROBUNP sececssseeesseeee 10 9 IBRODACC ue eeseeeessseeeeeee 10 11 IBRODAPP o essececssseeeeeee 10 13 IBRODFIN o ceessececssseeeeeee 10 14 IBRODMAT essecesssseeeeeee 10 17 IBRODPAY o ceessecesssseeeeeee 10 19 IBRONACT eceessececssseeeeeee 10 21 IBRONOVD oooeeesececssseeeeeee 10 23 IBRPBCRP ooo eesscecsseeeeeee 10 26 IBRPIDLC oo eesseeeesseeeeee 10 28 IBRPUAIC eessecsessseeeeeee 10 30 IBRUEXCP ooooeeseceessseeeeeee 10 25 ISDBICDE 95
160. ance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Date Time Product Defaults Auto Status Control A status change is one in which the status of a bill changes or moves from one defined status to another In the Bills Product Preferences screen you can indicate whether the bills linked to the product should move from one status to another automatically or manually The preference indicated for the product involved in the bill will be defaulted You can change the default for the bill If you specify that status changes have to be carried out automatically the status of the bill will be automatically changed after the specified number of days If not you have to change the status of a bill through the Bills Contract Details screen You can indicate other preferences for the status change like should the change be in the forward or reverse direction through the Bills User Defined Status Maintenance screen Even if the product to which a bill is associated is specified with automatic status change you can manually change the status of the bill before the automatic change is due However if a product associated with the bill has been specified with manual status change you cannot specify automatic status change for the
161. annot exist The same is not true for UP0005 BC upload reference 1 BC For aclean bill document clause details cannot exist The same is not UPOO006 true for BC upload reference 1 BC Contract amount is null or zero for BC upload reference 1 UP0007 BC For a bill under LC LC issue date is mandatory The same is not true UP0008 for BC upload reference 1 BC For a bill under LC their LC reference or our LC reference is manda UP0009 tory The same is not true for BC upload reference 1 BC Maturity date cannot be null for an acceptance discounted or UP0010 advanced bill BC UP0011 Drawer and drawee party details not existing for the contract BC Party details not existing for bills party type 1 UP0012 BC Party id is not same as the customer id UP0013 BC Party address is mandatory UP0014 BC Country code 1 is not valid UP0015 BC Language code 1 is not valid UP0016 BC Goods code is mandatory UP0017 BC Swift validation failed for bills upload reference UP0018 BC Bills upload reference contains invalid characters UP0019 BC Swift validation failed for bills collection reference UP0020 19724 ORACLE BC Bills collection reference contains invalid characters UP0021 BC Swift validation failed for their LC reference UP0022 BC Their LC reference contains invalid characters UP0023 BC
162. arge Details 1 Specify the following details Component The system displays the charge component Component Description Specify the description of the charge component Component Currency The system will default the bill currency from the main screen Charge Details 2 Specify the following details Component The system displays the charge component Component Description Specify the description of the charge component aa ORACLE Component Currency The system will default the bill currency from the main screen Charge Details 3 Specify the following details Component The system displays the charge component Component Description Specify the description of the charge component Component Currency Specify the currency of the charge component Waive Select the waiver from the drop down list You have the following options e Yes If you select this option then there will be no implications of calculated charge amount e No Ifyou select this option then you can modify the calculated charge amount Charge Percentage Specify charge percentage It cannot be greater than 100 System calculates the final charge based on this value Charge Amount The charge amount is the charge to be levied on drawer drawee In case of Partial Liquidation system calculates the drawer s drawee s Profit and Charges in full and recovers during the first liquidation Profit is calculated till maturity date o
163. arges or Fees charges fees in the charge Receivable Receivable fee currency if it is a Account Receivable else equivalent amount of charges fees in Customer Account Currency 12 5 ORACLE 12 1 1 8 12 1 1 9 Advices Advice type Advice Description DISCREPANCY_REQ Discrepancies Request Letter PAYMENT_ADVICE Payment Advice Outgoing Acceptance Stage Clean Doc Sight Usance Bill Under LC INI DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIC Type Cr Description CCY Amount Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of charges Account Charges or fees in the charge fee currency if Receivable Fees Receiv it is a Account Receivable else able equivalent amount of charges fees in Customer Account Cur rency Advices Advice type Advice Description DISCREPANCY_REQ Discrepancies Request Letter PAYMENT_ADVICE Payment Advice Outgoing Discount Initial Stage Clean Doc Sight Usance Bill Under LC INI DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the
164. artial prepayment to a profit amount Note The above events pertain to bearing arrears type of BC contracts For discounted true discounted type of IBC contracts where the profit is collected in advance IRR recalculation is done with a new effective date during the following events A partial prepayment to a principal amount New charge on a contract payable by your customer Additionally IRR recalculation happens during the below mentioned events if charges are applicable on them REFA Refusal of Bill draft acceptance REFP Refusal of bill draft payment TAFT Acceptance of payment fate transfer TACP Bill draft acceptance tracer TPAY Principal payment follow up tracer TPFT Principal payment fate tracer AFAT Advice of acceptance fate PFAT Advice of payment fate PRNA Protest of non acceptance of draft PRNP Protest of non payment of principal BACP Acceptance of bill ea ORACLE Note IRR recalculation is undone during reversal of a partial prepayment IRR recalculation is not done during the following events e When a payment is overdue e Fora regular payment e Fora full prepayment e Amendment of a bill amount Note Amendment of a bill amount is supported for collection bills and this does not form part of funding operations of the bank It is also assumed that there will be no profit components on the collection bills ORACLE 8 1 8 2 8 Regi
165. as follows All future cash flows are discounted to the processing day using the IRR effective as of the processing day and the net present value NPV of the contract as of the processing day is obtained The NPV is calculated based on the acquisition type as follows Ifthe acquisition type is Discount NPV is given by NPV outstanding bill amount outstanding arrears profit accrued outstanding acquired profit discounted profit to be accrued discounted profit accrued discount to be accrued discount accrued If the acquisition type is Premium the NPV is given by NPV outstanding bill amount outstanding arrears profit accrued outstanding acquired profit discounted profit to be accrued discounted profit accrued discount to be accrued discount accrued If the acquisition type is Par the NPV is given by NPV outstanding bill amount outstanding arrears profit accrued outstanding acquired profit discounted profit to be accrued discounted profit accrued profit adjustment accrued already profit adjustment accrued Outstanding arrears accrued profit is only for arrears bearing type contracts The discounted profit is only for discounted type contracts The till date discount accrual amount is computed using the following expression TDAn NPV Pn DTAs Al DA Where TDA represents the Till Date Discount Accrual for n Accrual
166. as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name 10 17 ORACLE Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description Bill Reference Number Indicates the Reference Number of the contract to be protested Bill Type Indicates the type of bill involved in the contract to be protested Tenor Code The Tenor indicates when the contract will be paid at sight or after a usance period Doc Flag Indicates the doc flag Operation Indicates the operation Stage Indicates the stage Maturity Date Indicates the date on which the bill matures Currency Indicates the currency in which the bill amount is expressed Bill Amount Indicates the outstanding Bill Amount Customer Party Type Indicates the party id for customer party type and name Party ID of the customer party Customer Party Name Product Code Product Description Indicates the product code Indicates the product description Total Indicates the total bill amount 10 11 Islamic
167. ate the profit components at the time of Rollover If you choose Deferred from the option list the system defers the liquidation of profit components to a later date You can choose to pay the profit components fully or partially subsequently Specifying Profit Computation Dates In this section specify the following details From Date The system starts the computation of profit from the date specified here To Date Once you have specified the start date for profit computation you have to indicate the end date for calculating the profit The minimum maximum profit rate specified in the product underlying the contract has to be adhered to Rollover of a Contract The roll over of a bills contract is possible only if e Itis an import advance bill e The bill is in the final stage e Rollover is initiated on or after the maturity date of the bill e The contract status is active and authorized e Allow rollover option is maintained for the bill at the product level e The event roll is maintained for the product If you have marked a bill for roll over the system liquidates the original bill and creates a new rolled over bill based on the details you have maintained through the Rollover screen A new event Roll will be triggered when a bill is rolled over and the system e Routes the outstanding principal through the roll over Bridge GL In case the liquidation mode is Immediate for the contract the outstanding prof
168. ating rate change The Batch program when run as part of the BOD processes the automatic events that fall due today It also processes the automatic events for a holiday previous to today this however depends on the preferences stated in the Branch Parameters screen The Batch program when run as part of the EOD processes the automatic events that fall due today and the automatic events that should be processed for a holiday which falls on the next day this however depends on the preferences stated in the Branch Parameters screen Note You should maintain EOD to be a mandatory batch process both as a BOD and a Pre EOC program in the EOC mandatory program of the Core Services module of Oracle FLEX CUBE Maintaining Branch Parameters Aset of rules that governs the processing of bills in a particular branch of your bank is defined in the Branch Parameters screen This maintenance is common for both BC and Islamic BC modules You can invoke the Bills amp Collections Branch Parameter Maintenance screen by typing BCDBRPRM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button a ORACLE 9 2 1 9 2 2 The Bills amp Collections Branch Parameter Maintenance screen will be displayed gt Bills amp Collections Branch Parameters Maintenance E New E3 Enter Query Branch Details Branch Branch Name Batch Processing Accrual Level Product
169. ation is provided for each event e Branch one ORACLE e Account e Transaction Code e Booking Date e Value Date e Dr Cr indicator e Currency e Currency e Amount in contract currency e Amount in local currency e All the overrides that were allowed for an event will also be displayed 5 3 16 2 Viewing the Advices Applicable to a Contract 5 3 17 Click the Messages button from the Events screen to view the list of advices applicable to a particular event in the lifecycle of the bill Message E gt Execute Query Contract Reference ESN Event Messages 10f1 E E Message Type SWIFT MessageType Medium Message Status Authorization Status Receiver Receiver Name DCN Message Details The following details of a message are displayed e The message type e The Name and ID of the recipient of the message e The status of the message e The status of the test e Authorization status e DCN To view the text of a message highlight the message and click on the Message button Click the Exit button to exit the screen Specifying Advices FFTs and Instructions for a Bill The advices that have to be generated for an event during the lifecycle of a bill are specified for the Product involved in the bill While processing a bill you can e Specify the advices that should be generated for the bill e Suppress the generation of any of the advices not applicable to the
170. b to maintain the packing credit details Credit Purchase Click on this tab to maintain the purchase details Details Multi Tenor Click on this tab to maintain the multi tenor details On the Islamic BC Contract Input screen there is also a horizontal toolbar The links on this toolbar enable you to invoke a number of functions that are vital to the processing of a bill These links have been briefly described below Events Click this link to view details of the events accounting entries and Messages generated for each event in the lifecycle of a bill a ORACLE Advices FFT In the screen corresponding to this link you can view suppress and prioritize the advices that are to be generated for a contract You can also specify the FFTs and Instructions that should accom pany the advices generated for the bill This invokes the Settlement screen Based on the details that you Settlement enter in the settlement screens the bill will be settled The details of these screens have been discussed in the Settlements manual Split Click on this link to specify split settlement details of the bill Settlements Collateral In the screen that corresponds with this link you can reduce the cash offered as collateral for the LC to which the Bill is associated Click thislink to invoke the Contract Charge Details screen The Charges Charges and Fees manual details the entir
171. button to view all the pending functions However you can to filter your search based on any of the following criteria Authorization Status Select the authorization status of the contract from the drop down list Contract Reference Select the contract reference number from the option list a ORACLE Product Select the product code from the option list Branch Specify the branch code on which you want to query for contract details from the adjoining option list This list displays all valid branch codes maintained in the system You can select the appropriate one Contract Status Select the status of the contract for which you want to check the pending function from the drop down list User Reference Select the contract amount from the option list Counterparty Select the contract amount from the option list When you click Search button the records matching the specified search criteria are displayed For each record fetched by the system based on your query criteria the following details are displayed e Authorization Status e Contract Status e Contract Reference e User Reference e Product e Counterparty e Bill Currency e Bill Amount e Rebate Amount e Transaction Date e Value Date e Maturity Date e Operation e Stage e Tenor e Outstanding Balance e Status e Characteristics e Event Code e Party Type e Beneficiary e Branch e Source Reference 2 ORACLE Click Advanced Searc
172. cable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description Gey Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receivable Receivable fee currency if it is a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr Bills Discounted CCY Bill amount in the contract Asset currency Real Nostro Dr Nostro Vostro CCY Equivalent Bill amount in Vostro Settlement the currency of the Nostro Account Vostro Account currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 3 18 Collateral Accounting on Bill Liquidation The following amount tags are provided for collateral liquidation as a part of Bill liquidation Amount Tag Description COLL_LIQ_AMT Collateral Liquidation Amount COLL_LIQ_AMT_EQ Collateral Liquidation Amount The related Accounting Roles are as follows Dr Cr Accounting role Amount tag Dr BILL COLLATERAL COLL_LIQ_AMT 12 32 ORACLE Cr Nostro Account COLL_LIQ_AMTEQ 12 1 4 CLOS Contract Closure 12 1 4 1 12 1 4 2 12 1 4 3
173. can reduce the cash collateral amount by the amount being availed through the bill If you make an availment against an LC and do not reduce the cash collateral an override message is displayed Collateral Details Contract Reference Latest ESN Collateral Currency Percent Exchange Rate Collateral Amount Description Adjustment Type Increase Decrease 5 3 20 1 Specifying Collateral Details Collateral Here you can specify the collateral details Currency Specify a valid currency for the collateral The adjoining option list displays all valid currencies maintained in the system You can select the appropriate one Percent The system displays the percent Exchange Rate The system displays the exchange rate Collateral Amount Specify the collateral amount Description Provide a brief description of the collateral Adjustment Here you can specify the adjustment details oie ORACLE 5 3 21 Type Indicate the adjustment type You can select one of the following options e Increase e Decrease Amount Specify the amount Note Oracle FLEXCUBE will not automatically reverse the cash collateral when an availment is made against an LC Viewing Profit Details Click the Profit button from the Islamic Bills and Collections Contract Detailed screen to invoke the ICCF screen Contract Reference BE View details Amount Component Com
174. carried out automatically when the Contract Status Change Processing function is run either as part of BOD or EOD on the day the status change falls due Accounting Entries that are Passed The accounting entries defined for the status change event STCH of the bill will be automatically passed when the bill moves from one status to another Further if you have indicated e That the accrual entries passed till date should be reversed when the bill moves into a specific status the function will reverse all the accrual entries booked for the bill till date e That the bill amount should be transferred to a new GL head when the bill moves to a particular status the accounting entries for transferring the bill amount to a new GL head will be automatically passed e That the accrued amounts should be moved to a new GL head when the bill moves to a particular status the accounting entries for transferring the accrued amounts of the bill to the new GL head will be automatically passed Advices that are Generated The advices will be automatically triggered for generation to notify the customer about the status change They would possible urge the party to pay the amount due and liquidate the aging components of the bill Holiday Processing If the day on which the forward or reverse status change is due happens to be a holiday then the processing of such bills will depend on your specifications in the Branch Parameters screen
175. ce number 1 with event sequence number 2 BC AT010 Failed to update charge details for contract reference number 1 with event sequence number 2 BC AT011 Settlement referral failed for contract reference number 1 with event sequence number 2 BC There are no unauthorized events for the BC reference 1 pending AU0001 authorization BC Failed to authorize event 2 with event sequence number 3 of BC AU0002 reference 1 BC Critical error was encountered during authorization of BC reference 1 AU0003 Authorization of contract has failed and was unsuccessful BC Failed to authorize accounting entries for event 2 with event AU0004 sequence number 3 of BC reference 1 BC Failed to trigger outgoing messages for event 2 with event sequence AU0005 number 3 of BC reference 1 BC AU001 Product rekey preferences could not be got BC AU002 Rekey values do not match Retry BC AU003 Authorizer cannot be the same as the maker BC C0001 Reference number could not be generated BC C0002 Product details could not be inherited BC C0003 1 must be greater than or equal to product start date BC C0004 1 must be lesser than or equal to product end date BC C0005 1 input mandatory BC C0006 This contract will be completely deleted Are you sure BC C0007 All unauthorized events in this contract will be deleted Proceed BC C0008 All unauthorized events for th
176. ceivable ledger The items are marked as outstanding Invoking this Report This report is available in the Application Browser under LQ indicating liquidation Selection Options The report is sorted on the basis of currency It is listed in the serial order of the Accounts receivable account under the currency type Ap11s the sequence of this report is by the Accounts Receivable account a bill may be reported in more than one place i e different charges and profit items were booked to different GLs This report highlights the necessary details for collection or payment of the outstanding amount so that the required action may be taken Contents of the Report The report contains the following information Ga ORACLE Party CIF ID This is the ID assigned to the customer in the Customer Information File CIF of the Core Services module of Oracle FLEXCUBE Party Name The short name of the Customer maintained in bill will be printed For all credits which have been opened at your branch the name of the applicant is printed here For those credits which have been advised or confirmed i e the origi nal operation was advise advise amp confirm or confirm the name of the beneficiary bank is printed in this field Party Type This is the party type assigned to the customer in the Parties screen Ac CCY This is the currency of the outstanding amount Module This is the
177. ceptance to Advance BADV event e Incase the Acceptance commission is calculated in Arrears the system liquidates the commission during BADV event However in case of no change in the operation the system liquidates the commission during LIQD event e Acceptance commission is always calculated based on the original bill amount and From and To dates specified for acceptance commission irrespective of BADV Liquidation date and Mode of liquidation Partial or Full liquidation Cash Collateral Details When your bank accepts discounts or advances a bill on behalf of its customers the bank in reality undertakes to pay even if the confirming bank does not fulfill its obligation under the bill Thus accepting or advancing a bill is a liability for your bank Ideally you would track your exposure to the credit seeking customer under a Credit Line The credit granted to a customer under a Credit Line can be backed by Collateral that the customer offers Often you may accept cash as collateral for the bill For a bill you can specify the following collateral details Collateral Description Specify details of the collateral that is intended for the internal reference of your bank These details will not be printed on any of the advices generated for the bill The Bills Contract Details screen allows you to accept a decrease in the collateral linked to the bill during liquidation by specifying the Collateral Contribution The acco
178. ch insurance company being defined in the system The insurance company will be identified by this code throughout the system This is mandatory information and if not provided you will not be allowed to save the details of the company You can use a maximum of 9 alphanumeric characters to create the company code Insurance Company Name After specifying a unique code for the company you can also specify the full name of the insurance company ate ORACLE 3 7 1 3 7 2 Address Specify the mailing address of the insurance company being defined You can maintain a maximum of four lines of address Each line of address can accommodate a maximum of 105 alphanumeric characters Telephone Number You can also capture the telephone number of the insurance company Fax Number Specify the Fax number of the insurance company Note The insurance company will be available for association with Bill contracts only after you authorize the company details Account Details Here you can specify the following details for insurance settlement Customer Specify the customer identification number of the insurance company The adjoining option list displays all valid open and authorized customers maintained in the system You can select the appropriate one Account Specify the customer account number of the insurance company The adjoining option list displays all valid open and authorized customer accounts attached to the c
179. chandise Goods Classification Select the type of the goods from the adjoining drop down list the options are e General e Licensed e Prohibitive Goods classification is mandatory Specifying Values for the UDF You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields and then Function field mapping The value for these fields can be specified in the Branch Parameters Maintenance screen Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen After making the mandatory entries you can save the record On saving the record your User ID will be displayed in the Input By field at the bottom of the screen The date and time at which you saved the record will be displayed in the Date Time field A record that you have created should be authorized by a user bearing a different login ld before the EOD is run Once the record is authorized the Id of the user who authorized the record will be displayed in the Auth By field The date and time at which the record has been authorized will be displayed in the Date Time field positioned next to the Auth By field The status of the record will be displayed in the check box marked Authorized The field will remain unchecked until the record is authorized Click the Exit button to
180. charges or fees related to a bill and record amendments to the original terms of the bill e The IBC module actively interacts with the Islamic LC module of Oracle FLEXCUBE This enables easy retrieval of information for bills drawn under an Islamic LC that was issued at your bank Most of the details maintained for the Islamic LC will be defaulted to the bill when you indicate the reference number of the Islamic LC involved in the bill This eliminates the need to re enter the details of the Islamic LC all over again e The Central Liability sub system automatically controls the booking of a bill against the credit lines assigned to the customer before the bookings are made Oracle FLEXCUBE also supports tracking your bank s exposure for a bill to several parties e You have the option to automate periodic processes such as The application of floating profit rates to the components of a bill as and when they change The movement of a bill from a given status to another Accrual of profit due to a bill Liquidation of bills on the liquidation date that you indicate a ORACLE 2 3 Generation of tracers on the due date These will be processed as part of the batch processes run at BOD or EOD The system automatically calculates the date on which the events should take place based on the frequency and the date specified for the bill The module also supports automated follow up and tracer facility for payments and
181. charges fees GL Dr Account Type AIC Type Cr Description EGY Amount Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY 12 6 ORACLE 12 1 1 10 Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the charge Receiva Fees Receiv fee currency if it is a Account ble able Receivable else equivalent amount of charges fees in Customer Account Currency Advices Advice type Description DISCREPANCY_REQ Discrepancies Request Letter PAYMENT_ADVICE Payment Advice Outgoing Discount Final Stage Clean Doc Sight Usance Bill under LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description Gey Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if itis an Account Receivable else Equivalent amount of charges fees in Account Currency Real Customer Cr Customer Settle CCY Equivalent of the Bill ment Account amount in the Customer Account currency Real GL Dr Bills Discounted CCY Bill amount in
182. charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Type AIC Type Dr Account Cr Description CCY Amount Real Income Cr Charges Fees LCY earned Equivalent charge amount in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if it is an Account Receivable else equivalent amount of charges fees in the Cus tomer Account Currency 12 1 ORACLE 12 1 1 2 12 1 1 3 Advices Advice Type Advice Description DISCREPANCY_REQ Discrepancies Request Letter DOC_ARVL_NOTICE Document Arrival Notice ACKNOWLEDGEMENT Acknowledgment Advice PAYMENT_ADVICE Payment Advice Incoming Advance Stage Clean Doc Sight Usance Bill Under LC INI DOC Sight Only Yes mandatory Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type ADRS Cr Description Rex PAANI Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of charges Account Charges or fees in the charge fee cur Receivable Fees Receiva rency if it is a Account Receiv ble able else equivalent amo
183. code assigned to the clause The clause details will be automatically picked up and defaulted Clause Description After specifying a code for the clause you can proceed to maintain a detailed description of the clause The description carries the contents of the clause and they will be printed on the documents that are required for the bill The clause description can contain a maximum of two thousand characters Specifying Values for the User Defined Fields You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields and then Function field mapping The value for these fields can be specified in the Branch Parameters Maintenance screen me ORACLE 3 2 4 3 3 Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen After you have entered the details of the document and clause you should save the record After you have made the mandatory entries and saved the record your User ID will be displayed in the Input By field at the bottom of the screen The date and time at which you saved the record will be displayed in the Date Time field A record that you have created should be authorized by a user bearing a different login Id before the EOD is run Once the record is authorized the ID of the user who authorized the rec
184. coming Advance Stage Clean Doc Sight Usance Bill Under LC FIN DOC Sight only Yes mandatory Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fee S GL Dr Account Type PIG Type Cr Description cer AMONI Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the charge Receivable Fees Receiva fee currency if it is a Account ble Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr Advance under CCY Bill amount that was LCs advanced under the LC in the contract currency Real Customer Dr Customer Pay CCY Equivalent amount of the Bill ment Account amount being that was advanced in the Customer Account Currency Real GL Cr Profit Earned CCY Profit for Bill in the Accrual Not Collected Currency of the BC contract Real Customer Dr Customer Profit CCY Equivalent amount of Profit Payment in the Customer Account Account Currency 12 22 ORACLE 12 1 3 4 Advices Advice type Advice Description PAYMENT_ADVICE Debit Advice Incoming Acceptance Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Usance only Optional
185. contract ref erence number 1 BC LI008 Failed to get liquidation event for bills amp collections contract reference number 1 BC LIO009 Failed to get arrear type profit components for liquidation for bills amp col lections contract reference number 1 BC LI010 Failed to update profit details for bills amp collections contract reference number 1 after accounting entries was done BC LI011 Failed to log error into exception table for bills amp collections contract reference number 1 for event sequence number 2 BC LI012 Failed to populate advice table for the event 3 for bills amp collections contract reference number 1 and event sequence number 2 BC LI013 Failed to get end of input for current branch BC LI014 Failed to update process field as processed for product 1 during liqui dation BC LI015 Auto liquidation process completed BC LI016 Auto liquidation process failed 1314 ORACLE BC LI017 Failed to get commit frequency for liquidation process BC LI018 Failed to get events to be processed for the event 3 for bills amp collec tions contract reference number 1 for the event sequence number 2 BC LI019 Failed to process 2 event for bills amp collections contract reference number 1 and event sequence number 3 during 4 event BC LI020 Failed to authorize bills amp collections contract refere
186. counting with regards to transfer of charge onto Bills 12 47 ORACLE 12 1 25 Collateral Bridge Accounting Role Accounting role Description LC_BC_COLL_BRIDG Collateral bridge between LC and Bills E This accounting role is used to transfer the collaterals from the LC onto the Bill This role maps onto the GL Account maintained as a part of the LC product preference Bill Crystallization Accounting Roles and Amount Tags The event to indicate crystallization of the bill is CRST The following are the Accounting Roles and Amount tags available to define the accounting entries for the crystallization event of the bills Amount Tag Description BC_CRST_TFR_AMT Bill Amount to be crystallized BC_CRST_LIQ_AMT Total Bill Amount to be liquidated BC_CRST_COLL_LIQ_AMT Bill Amount to be liquidated against Collateral LC COMM COMP _TFR_LIQD Commission Amount to be liquidated LC CHARGE COMP Charge Amount to be liquidated _TFR_LIQD LC COMM COMP _TFR Commission Amount to be transferred onto Finance LC CHARGE COMP _TFR Charge Amount to be transferred onto Finance Accounting Role Description BC SUSPENSE BC LD Bridge GL BC_COMM_RECV Bills Commission Receivable BC_CHG RECV Bills Charge Receivable The amount tag BC_CRST_TFR_AMT contains the amount input in crystallization preference of the bills contract BC_CRST_COLL_LIQ_AMT contains the collateral amount to
187. cruals P Reverse Derivation Rule Advices Derivation Rule 10f1 Component E Message Elements Operators Logical Operators Upward and Downward Movement 1 0f1 Accounting Role Description Upward Movement from GL Description Upward Movement to GL Description Downwa You can define attributes for each status through the User Defined Status Maintenance screen These attributes are e The number of days for which a bill should stay in a particular status after its repayment date has been reached e Whether the GL under which it is reported should be changed when there is a status change e The new GL under which it should be reported Status This is the sequence in which a bill should move to the status you are defining Usually more than one status is defined for a product In this context you should indicate the sequence in which a bill moves from status to status You can also specify the number of days after a repayment falls due that a component has to be moved to the status you are defining Incase of a component for which repayment is due you can specify the number of days after the Maturity date on which the component should be moved to the status being defined Transaction When the GL under which a component is reported is changed along with the status of a bill an accounting entry is passed This accounting entry will be to transfer the component from one GL to another A Transaction Code is associated
188. ct if the current contract is a child contract Finance Contract Reference This is the reference number of the finance that is created automatically at the time of liquidation of the Bill You will not be allowed to change this reference number Provision Amount Specify the amount set aside for provisioning Internal Remarks You can enter information describing the contract details here This will be available when you retrieve information on the contract These remarks will not be printed on any of the advices generated for the bill Contract Status Details While defining a product you have also specified the various stages or status that the bill should pass through if repayment is not made on the due date against a bill These details are defaulted to all the bills that involve the product Status As Of Date The date on which the bill moved into the status is displayed here User Defined Status The current status of a bill is displayed here If you have specified the status change as a manual event you can change the status of a bill from one status to another in this screen The option list available for this field contains all the lists of Status codes defined for the product to which this contract is linked Contract Derived Status The system displays the derived status of the bills contract You cannot modify this Contract Derived Status The system displays the derived status of the contract Additional Tab Som
189. ction Indicate whether the reports should be generated for a specific product code or for all product codes 10a ORACLE 10 13 2 If you choose Specific Product Code you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Bills amp Collections Contract Overrides Report Indicate whether the reports should be overridden while processing for all Over rides for single contract or for all contract over rides for the day If you choose All Over rides for Single Contract you need to specify the contract for which the report needs to be generated The option list provided displays all valid contract codes maintained in the system You can select the appropriate one Click OK to generate the report Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report Th
190. d BC Deletion of records from contract reserve exception table for BC refer DE0015 ence 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract payment fate table for BC reference DE0016 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract acceptance fate table for BC refer DE0017 ence 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract accrual details table for BC reference DE0018 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract status log table for BC reference 1 DE0019 and event 2 with event sequence number 3 failed BC Deletion of records from contract profit calculation table for BC refer DE0020 ence 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract profit details table for BC reference 1 DE0021 and event 2 with event sequence number 3 failed BC Deletion of records from contract profit master table for BC reference DE0022 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract changes log table for BC reference 1 DE0023 and event 2 with event sequence number 3 failed BC Deletion of records from contract events advices table for BC reference DE0024 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract events log table for B
191. d amount tag in the basis details section is displayed here in the split details section If there are no settlement tags for the event being processed the system will display an error Amount Specify the split amount for the split amount tag The sum of amount should not be greater than the basis amount The system calculates the amount on the basis of the split percentage You cannot leave this field blank Percentage of Proceeds Specify the split percentage of the Bill Amount for each account The sum of split amounts should be equal to the total amount specified for the corresponding basis amount tag You cannot leave this field blank Customer Specify the customer to whom the split amount should be assigned The adjoining option list displays all the customers maintained in the system You can select the appropriate one Branch The system displays the branch where the settlement account for the split amount tag resides The adjoining option list displays all the valid branches in the system You can choose the appropriate one Account Currency The settlement account currency for the split amount tag is defaulted based on the settlement account chosen You cannot change it Account Select a valid account for the specified settlement account branch from the option list Loan Account Check this box if you want the split amount to be booked as a loan The split settlement amount entered as the Loan Amount is used to create the loan
192. d as part of EOD this report will by default list the following e The product for which you want details e Export bills in the INITIAL stage for more than 5 days e Import bills in the INITIAL stage for more than 7 days If you generate the report manually from the reports Browser you can indicate preferences such as e The finalization overdue days for incoming bills e The finalization overdue days for outgoing bills Indicating the product You can generate the report to list the bills with overdue finalization items associated with all products or a specific product If you want to generate the report to contain overdue items for a specific product select the product code from the option list Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description IB Product Code Indicates the code of the product Transactio
193. d bills on the day they fall due Tracers can be triggered for generation as part of BOD EOD or can be invoked at any time during the day This function is available in the Application Browser through Bills amp Collections and Batch under it The date on which a tracer should be generated for a bill is determined by the entries you made to the fields of the Contract Exceptions screen The following tracers will be generated by the function e Tracer for release of reserve e Tracer for Non Payment e Tracer for Non Acceptance e Tracer for Payment of Charges e Tracer for Discrepancies Approval Advices An advice of fate of the bill is generated whenever the corresponding tracer for the exception is generated a ORACLE 9 4 3 9 4 4 9 4 5 Automatic Accrual of Profit While defining profit components for a bill product in the Product ICCF details screen you specified whether accruals need to be done for the accruable profit components For a product accruals should be done and then the frequency of accrual should also be specified for a product through the Product Preferences screen at the time of product definition This function when run as part of the batch process run at EOD calculates the accrual amount and passes accrual accounting entries for the accruable tenor based profit components of a bill The Automatic Accrual function will pick up bills for processing on the following criterion e Active and a
194. d for a specific product or for all products If you choose Specific Product you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Click OK to generate the report Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch 1023 ORACLE User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description Product Code This is the product code Product Description Indicates description of the product Currency Indicates currency of the bill Bill Due Amount Indicates is the Bill Amount Bill Reference Indicates the bill reference Event Code Indicates the code of the event Event Description Indicates description of the event Error Code Indicates the error code Description Indicates the descripti
195. d then Function field mapping The value for these fields can be specified in the Branch Parameters Maintenance screen Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen Invoking the Bills Batch Process Batches are run automatically In the mandatory programs all batches whichever are required will be maintained in sequence and that is triggered automatically as based on the maintenance in the Mandatory Batch Program Maintenance screen a ORACLE You can invoke the Mandatory Batch Program Maintenance screen by typing EIDMANPE in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button amp Mandatory Batch Program Maintenance E New amp Enter query Branch 000 Function Module Sequence Number Description End of Cycle Group Txn Input Error Handling Stop Automatic End of Day End of Txn Input and Run Emergency Program End of Fin Input Continue with Automatic End of Day End of Day Beginning of Day Frequency Daily Number Of Days Holiday Rule Do Not Execute Run Date Execution Layer Database aeaas Description Application SubStage 1 Predecessors t101 Predecessors Maker Date Time Checke Date Time Mod No Record Status Authorization Status You can enter the following details in this screen Module Choose the modu
196. dates Finance Accounts Click on this link to preview the linked finance details 7 ORACLE 5 3 This link invokes the Profit and Charges or Fees ICCF service Profit The Processing Profit manual deals with the application of profit on a bill Message Click this link to view the messages or advices generated for the con Preview tract Charges Click this link to invoke the Charges Commission Transfer screen Commission Transfer All Click this link to view all messages associated to contract Messages Enter valid inputs into all the mandatory fields or to save the contract The contract can be saved by either clicking the save icon in the toolbar or selecting Save from the Actions menu On saving the contract your User ID will be displayed in the Entry By field at the bottom of the screen The date and time at which you saved the record will be displayed in the Date Time field A contract that you have entered should be authorized by a user bearing a different login Id before the EOD is run Once the contract is authorized the ID of the user who authorized the contract will be displayed in the Auth By field While authorizing the contract you can view the values that were modified in a specific version of a bills contract in the Change Log screen Click on the Exit button to go back to the Application Browser Entering Details of a Bill W
197. defaulted while processing an Import Bill e Not required You can select this option to indicate that the exception tracer is not applicable to the bill you are processing This option is defaulted while processing an Export Bill e Till resolved If you indicate that the tracer should be generated until the exception is resolved you need not specify the number of tracers that should be sent This is so because the tracer will be generated until the exception is resolved Note While processing an export bill the Advice of Fate Required field is automatically default ed to Not Required Receiver of Advice You can specify details of the party who needs to be informed about the current status of the exception Select the party type from the option list of valid parties that you specified in the parties screen The advice will be generated to the customer linked to the party type in the Parties screen Advice Medium For each of the advice of fate that should be generated for a bill you can indicate the medium through which the advice should be generated You can select a media type from the option list available The valid media include e Mail e Telex e SWIFT If the advice is generated through SWIFT an MT422 will be generated Previous Date The system displays the date on which the last advice was sent to the party Advice Sent The system displays the number of advices sent to the party Next Da
198. der LC S10 ORACLE 5 3 2 2 Transferred Collateral gives the LC collateral amount in LC collateral currency to the extent of Bill Booked is transferred to bill Liquidate Using Collateral This is defaulted from the product However you can modify this at any point in time prior to bill liquidation If this is checked it indicates that the bill should be liquidated using the collateral amount If Liquidate Using Collateral is checked then proportionate collateral amount will be used for bill liquidation Transferred Collateral Amount Specify the transferred collateral amount Outstanding Collateral The system displays the outstanding collateral amount Capturing Charge Details In this section specify the following details Pass our Charges to Drawee Drawer During initiation of a bill you can indicate that the drawer s charges can be passed on to the drawee Check against this option to indicate that the remitting bank can pass on our charges to the drawee Pass Profit to Drawee Drawer During initiation of a bill you can indicate that the drawer s profit can be passed on to the drawee Check against this option to indicate that the same Our Charges Refused During liquidation of an incoming bill the drawee may refuse to pay the drawers charges Check against this option to indicate the same Your Charges Refused During liquidation of an incoming bill the drawee may refuse to pay the charges due Check
199. duct or for all products If you choose Specific Product you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Report Date Select the date on which the report is to be generated Click OK to generate the report Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch Igy ORACLE User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description Product Code Indicates the code of the product Bill Reference Number Indicates Bill Reference Number Status Type Indicates the type of the status Drawee ld Indicates Drawee ID and Drawee Name Drawee Name Bill Operation Indicates bill s operation Bill Currency Indicates Currency Bill Amount Indicates Bill Amount Tenor Indicates T
200. e If the bill amount that you specify is greater than the amount available under the LC to which it is associated you will not be allowed to proceed with the processing of the bill Customer ID In the Contract screen you can capture details of the party who is your customer The details of the other parties involved in the bill are captured in the parties screen Customer Name The system displays the name of the customer Party Type Specify the Party Type of the customer In the case of an Import bill you should specify details of the Drawee of the bill If the Drawee is a customer of your bank you should specify the customer reference assigned to the customer in the Customer Information File CIF of the Core Services module of Oracle FLEXCUBE The other details of the customer will be automatically picked up If you are processing an Export bill you should specify details of the Drawer of the bill If the drawer is a customer of your bank you should specify the customer reference assigned to the customer in the Customer Information File CIF of the Core Services module of Oracle FLEXCUBE The other details of the customer will be automatically picked up Collection Reference If you are entering the details of a bill that was registered earlier you should indicate the reference number assigned to the collection when it was registered All the details that you specified for the collection during registration will be default
201. e 1 BC EV0015 Processing of event PFAT failed for BC reference 1 BC EV0016 Processing of event AFAT failed for BC reference 1 BC EV0017 Processing of event REFP failed for BC reference 1 BC EV0018 Processing of event REFA failed for BC reference 1 BC EV0019 Processing of event PRNP failed for BC reference 1 BC EV0020 Processing of event PRNA failed for BC reference 1 BC EV0021 Processing of event CLOS failed for BC reference 1 BC EV0022 Processing of event RRES failed for BC reference 1 13 9 ORACLE BC EV0023 Processing of event BACP failed for BC reference 1 BC EV0030 Accounting services function failed during event 2 with event sequence number 3 for BC reference 1 BC EV0031 Failed to delete settlement details during event 2 with event sequence number 3 for BC reference 1 BC EV0032 Failed to delete the contract details during event 2 with event sequence number 3 for BC reference 1 BC EV0033 Failed to delete tax details during event 2 with event sequence num ber 3 for BC reference 1 BC EV0034 Failed to delete the contract during event 2 with event sequence num ber 3 for BC reference 1 BC EV0035 Failed to delete limit details during event 2 with event sequence num ber 3 for BC reference 1 BC EV0036 Failed to delete LC availment details during event 2 with event sequence
202. e No Specify the following details in this screen Contract Reference Number The system will default the Contract Reference Number from the main screen Start Date Specify the Start date for profit details Start date cannot be less than bill booking date Profit Tab Specify the following details pertaining to profit Profit Details 1 Specify the following details Component The system displays the profit component Component Description Specify the description of the profit component Component Currency The system will default the bill currency from the main screen Profit Details 2 Specify the following details on ORACLE Component The system displays the profit component Component Description Specify the description of the profit component Component Currency The system will default the bill currency from the main screen Profit Details 3 Specify the following details Component The system displays the profit component Component Description Specify the description of the profit component Component Currency The system will default the bill currency from the main screen Profit Rate Specify profit rate Profit rate cannot be greater than 100 Profit Basis Select the profit basis from the drop down list You have the following options e Actual 360 e Actual 365 e Actual 364 e 30 Euro 360 e 30 US 360 e 30 Euro 365 e 30 US 365 e 30 Euro Actual e 30 US Actual e
203. e exception events By default the first tracer for all authorized bills linked to this product will be sent after the number of days that you prescribe for the product Start Tracer after Days Exception tracers can be generated only after the maturity date of the bill While creating a product you have also indicated the number of days that should elapse after the Bill matures on which the first tracer should be generated Generation Frequency Days You can specify the frequency in days with which the tracer should be sent to the concerned parties involved in the bills linked to this product Preferred Medium For each of the exception tracers that you specify indicate the preferred medium through which the tracer should be generated to the concerned party For a bill involving the product you can change the medium that is defaulted The medium you specify here is only the preferred medium for the exception tracer Template ID Specify the template related to MT799 or MT499 message types The adjoining option list displays all the templates related to MT799 if it is under LI or MT499 if it is not under LI message types defined in the Swift FFT Template Screen Maintenance screen You can choose the appropriate one This field is mandatory if the Tracer Generation is indicated as Required and Preferred Medium as SWIFT This Template id is used while generating Charge and Commission Tracer
204. e Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receivable Receivable fee currency if it is a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr Outgoing Bills CCY Bill amount in the contract Asset Negotiated currency Real Nostro Dr Nostro Vostro CCY Equivalent amount of the Nostro Settlement Bill amount in the Nostro Account Vostro Account Currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Outgoing Acceptance Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIC TypS Cr Description EGY Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY 12 29 ORACLE 12 1 3 15 Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the Receivable Fees Receiva charge fee currency if it ble is a Account Receiva ble else equivalent amount of charges fees in Customer Account Currency Real GL Cr CLFA Account CCY Bill amount in the con Con tract cu
205. e Document details e Clause details e Goods e Instruction codes e Free Format Texts e Parameters for your branch e Insurance Company Details e Exchange Rate Type maintenance for different transaction amount slabs The procedure for maintaining these details is discussed in the subsequent sections of this chapter Maintaining Documents and Clauses There are certain standard documents that are required under a documentary bill As these documents are standard and common to most countries you need not specify the details of the document each time you need to use it for a bill Instead you can maintain its details in the Bills and Collections Document Code Maintenance screen The advantage of maintaining document details is that at the time of creating a product or at the time of entering the details of a bill you need only specify the code assigned to the document All the details maintained for the document will be automatically picked up This reduces effort taken as there is no need to enter the contents of the document every time you use it You can invoke the Bills amp Collections Document Code Maintenance screen by typing BCDDOCCD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button If you are maintaining the details of a new document select New from the Actions menu in the Application tool bar or click new icon The Bills and Collections Doc
206. e Medium e High one ORACLE 5 3 17 2 Note However you can change the priority of an advice to Urgent only for Payment Advices Suppress By default all the advices that have been defined for a product will be generated for the bills involving it As certain advices may not be applicable to the bill you are processing you can suppress its generation by indicating the same in this screen Specifying FFTs for a Bill Free Format Texts FFTs may be a set of statements that should be printed on the advices generated to the parties involved in the bill Additional information that should be a part of the bill instrument can be entered in the form of an FFT While defining a product you also specify the FFTs that should accompany an advice generated for a bill involving the product These FFTs will appear when you select an advice code This indicates that the FFTs that you specify will appear on the advice which is highlighted If the Applicable Rule in the LC Product Preferences screen is selected as OTHR you need to specify a rule narrative for the LC Product If the Rule Narrative exceeds the limit predefined 35 characters the same can be defined as a Free Format Text For BC contracts FFT codes are associated with advices in the LC contract The 47A and 47B tags are linked to FFT codes The message types supported by 47A tag are e MtT700 e MT710 e MT720 Message Types supported by 47B tag are
207. e advices will be generated Under Protest Check this option to indicate that you want to protest the bill Protest Date When the exception has not been resolved by the concerned party even after a number of tracers have been sent you may want to protest the bill You can specify the date on which the protest advice needs to be generated to the concerned party Viewing Tracer Updates You can visit this screen to view the current status of the tracers generated for the bill The system displays the following information e The date on which the last tracer was sent e The date on which the next tracer will be generated e The number of tracers that have been sent to the concerned party till date 23 ORACLE 5 3 6 3 Specifying Advice of Fate for Payments The advice of fate is sent to keep a party involved in the bill informed about the current status of an exception An advice of fate is generated along with the exception tracer and at the frequency specified for the exception tracer You can specify the following preferences for the generation of an e Advice of Fate payment e Advice of Fate acceptance Advice Required You can indicate whether the advice of fate should be generated to a party involved in the bill You can indicate one of the following options e Required If you specify that a tracer is applicable to a bill you can also specify the number of tracers that should be generated This option is
208. e after the grace period The compensation profit will be calculated for the entire period it has been outstanding that is from the date the payment was due Start Month If you set the accrual frequency as quarterly half yearly or yearly you have to specify the month in which the first accrual has to begin along with the date Frequency Apart from the bill amount a bill can have other components such as profit charges or fees They can be accrued over the tenor of the bill The frequency at which these components should be accrued can be specified as a Product Preference The attributes of the other components are defined in the ICCF sub system of Oracle FLEXCUBE However the frequency with which the components should be accrued is specified in this screen The system carries out automatic accruals at the frequency specified by you as part of the End of Cycle processing However if the accrual date falls on a holiday the accruals are done as per your holiday handling specifications in the Branch Parameters screen e You could have specified that automatic events for a holiday s are to be processed on the working day before the holiday The accruals falling due on a holiday s will be then processed during End of Day processing on the last working day before the holiday e You could have specified that the automatic events for a holiday s are to be processed on the working day following the holiday the automatic events falling d
209. e been diagrammatically represented below Operations yea can perform on a Bal internationaal and Domestic Incoming Bik Owsigeing Bik Advance Acceptance Payment Payment Discounting Purchase Collection Collection Negotiation Acceptance Discounting The system allows you to effect a change of operation for the following operation types e Acceptance to Advance automatic facility provided e Acceptance to Discount e Collection to Purchase For instance while processing an acceptance bill which needs to be discounted you need not enter a new bill to discount the bill You need to just amend the operation type from acceptance to discount The SWIFT Messages that can be Generated for an Import Bill The messages that are generated for an Import bill depend on the operation you perform on the bill The following are the SWIFT messages that are supported for an Import bill Description SWATI Code Acknowledgement MT 410 Acceptance Advice MT 412 Payment tracer MT420 Acceptance tracer MT 420 Advice of Payment for a Collection bill MT 400 Advice of fate principal and acceptance MT 422 Refusal Advice payment and accept MT 734 aa ORACLE 2 4 Discharge Advice MT 732 Tracers that are generated MT 420 Authorization to pay accept or negotiate MT 752 Advice of Payment for import bills under LC MT 756 The SWIFT Messages that can be Generated for an Export Bi
210. e defaults to suit your requirement You can also add further which are specific to the bill like the bill amount Product Code Enter the code of the product to which you want to link the contract You can select an authorized product code from the adjoining option list The contract will inherit all the attributes of the product you have selected Product Description This is a description of the product code that you have selected a2 ORACLE Contract Reference The Contract Reference Number identifies a contract uniquely It is automatically generated by the system for each contract The Contract Reference Number is a combination of the branch code the product code the date on which the contract is booked in Julian format and a running serial number for the booking date The Reference Number consists of a three digit branch code a four character product code a five digit Julian Date and a four digit serial number The Julian Date has the following format YYDDD Here YY stands for the last two digits of the year and DDD for the number of day s that has have elapsed in the year User Reference In addition a contract is also identified by a unique User Reference Number By default the Contract Reference Number generated by the system will be taken as the User Reference Number But you have the option to change the User Ref Number Oracle FLEXCUBE also provides you the facility to generate the user reference number ina
211. e events are triggered automatically when the batch process is run as part of the EOD or BOD Batch processing preferences for a product is specified in the Bills Product Preferences screen The preferences indicated for the product involved in the bill will be defaulted You can change these defaults to suit the requirements of the bill you are processing oe ORACLE Click on the Additional tab titled to capture the essential details of the bill Contract Details E New amp Enter Query Product Code Characteristics Product Description Fundld m Contract Reference Veron uane ot b User Reference Operation Source Reference Stage Final v Source Code FLEXCUBE Main Details Parties Documents Exception Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Mutti Tenor LBL_PRD_DFLT Auto Status Control Settle Available Amount Auto Liquidate LBL_USE_LC_REF_MESS LBL_LINKTOFINA LBL_LC_DTL_PAYMSG LBL_ADVABYFINA Available for Rediscount _ Allow Rollover Auto Change of Operation Acceptance To Advance Brokerage Details ICCF Pickup Details _ Allow Brokerage ICCF Pickup Currency _ LBL_BROKPAID_BY_US Exchange Rate Margin Details LBL_FORFAIT_DTLSS Liquidated Amount Request Date Outstanding Amount Document Submission Date Events Advices FFT Settlement Split Settlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Fin
212. e finance on saving if Cl linkages exist in the contract On linking and saving a BC contract liquidation of the linked Cl Account is triggered You do not require maintaining a separate Bridge GL in the Cl Product as the system automatically replaces the Credit Settlement Bridge with the Bridge GL in the Islamic BC Product In case of a Purchase or Discount operation the system converts the purchase amount to Cl currency and credits the same into the Bridge GL maintained in the Islamic BC Product Liquidating a Packing Credit Loan In Islamic BC Products when FX is linked but the Cl Account attached is in the LCY of the branch the effective LCY exchange rate is used for Finance liquidation In case multiple FX contracts are used the system arrives at an effective Purchase or Liquidation rate by using the method of weighted averages If the finance currency is different from the Bill currency then the Finance Rate from the Rate Type at the Product level is used The Finance liquidation happens to the extent of the Purchase Amount and the excess amount if any is credited to the customer s account Again during Bill Purchase or Discount Liquidation when funds are received from a Nostro Account if a Cl is attached the system liquidates any Finance attached per the effective LCY Collection Rate or the Rate Type at the product level in that order if in LCY The effective Purchase or Liquidation Rate used during Bills Purchased Asset creation is
213. e following details are displayed as body of the generated report Field Name Field Description Product Code This is the product code Product Description Indicates description of the product Bill Reference Number Indicates the Reference Number of the bill Currency Indicates currency of the bill Bill Amount Indicates is the Bill Amount Maturity Date Indicates the date on which the bill matures Event Code Indicates the code of the event Event Description Indicates description of the event Error Code Indicates the error code Error Description Indicates the description of the Error 10 24 ORACLE 10 14 Islamic Bills And Collections Automatic Exception Re 10 14 1 port The Islamic Bills and Collections Automatic Exception report prints details of the bills for which some exception has occurred while the automatic processes were run as part of EOD or BOD as of the current date You can invoke the screen by typing IBRUEXCP in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Islamic Bills And Collections Automatic Exceptions Report Date Product Selection All Products Specific Product Code Product Code Report Format Printer At Client Report Output Printer Specify the following details Date Select the date on which the report is to be generated Product Code Indicate whether the reports should be generate
214. e indicates whether the rate to be applied for the conversion is the Buy rate Mid Rate or the Sell Rate Select the appropriate rate type from the drop down list Rate Code The rate code will be used to pick up the exchange rate The rate codes maintained through the Standard Rate Code Maintenance screen will be available for selection in the option list provided Select the appropriate rate code for the finance Exchange Rate The Exchange Rate will be picked from the exchange rate table and displayed by default on ORACLE 5 3 35 Maturity Account You should specify the settlement account for the finance You can choose a valid account number from the list of values that is available Crystallization Type The crystallization type is displayed here If the Bill is to be crystallized and if the crystallization type is set to linked finance the system does not allow payments of the bill after the bill has been linked to finance Bill Amt to be Crystallized and Collateral to be liquidated The bill amount to be crystallized is the remaining portion of the bill amount This is equal to the difference between the Bill outstanding amount and the bill amount to be crystallized LC Charges minus the collateral to be liquidated is liquidated from the customer account The balance of the collateral remains in the Bills Collateral GL Liquidate charge comm On LC Liquidation of charges and commission transferred from LC happens
215. e option to book finance This value will be defaulted from the product and you can choose to change it if required Once you check this option the system will create a finance based on the Finance preferences you have maintained In an IBC module creation of the finance is possible only at the time of Final liquidation and not during Auto or Partial Liquidation In case you delete the bill the finance that is created through the bills contract will also be automatically deleted However deletion of the finance alone is not possible In case of reversal of a bill the system displays an override You cannot authorize the new finance contract outside the bill contract When the liquidation of the bill is authorized the finance also gets authorized Viewing Islamic BC Contract You can view the Islamic BC contract using Islamic Bills and Collections Contract Input Summary screen To invoke this screen type IBSTRONL in the field at the top right corner of the Application tool bar and click the adjoining arrow button e Islamic Bills amp Collections Contract Summary 3 Search t Advanced Search 9 Reset 4 Clear All Case Sensitive Authorization Status Contract Status Contract Reference 3 User Reference Product ka Counter Party Branch 000 Records per page 15 v 10f1 Authorization Status Contract Status Contract Reference User Reference Product Counter Party Bill Currency You can click Search
216. e procedure of applying charges to a bill This link invokes the Tax services On invoking this function you can define a tax scheme the rule details and the amount details of the contract Tax The Processing Tax manual details the entire procedure of maintain ing tax rules and schemes It also deals with the linking of a tax scheme to a product and the application of the scheme on a bill Import Click this link to capture import license details License MIS Click this link to define MIS details for the bill Finance Click on this link to invoke the Finance Preference screen You can Preference maintain the details of the Finance Click this link to invoke the Drawer Drawee Profit and Charges Drawer l screen You can define the Profit and charge components at the time Drawee IC nee of initiation of contract Brokerage Click this link to specify the details of the broker and brokerage Linkage Clicking this link invokes the Contract Linkages screen Here you Details can link the bill to funds available in an account or deposit FX Linkage This link invokes a screen in which you can link a bill involving a spe g cific counterparty with FX deals involving the same counterparty i Click this link to enter values for custom fields associated with the Fields bill Effective Click on this link to invoke the Commission and Charges Transfer Profit Rate Screen Profit Dates Click on this link to capture forfeiting profit computation
217. e product code 07 selected BC LD001 Tenor Tenor Units Exchange Rate is not maintained BC LD002 Value cannot be less than 0 BC LD003 Customer ID Bill Currency is not entered BC LD004 Suspense GI Finance Product cannot be null when advance by finance is checked BC LD005 Cannot delete a Finance created from a Bill BC LDO06 Cannot authorize a Finance created from a Bill until the bill is author ized BC LD008 The finance is linked to a bill with reference no 1 BC LD010 Finance creation is allowed only when operation is Acceptance and product type is Import BC AC034 Acceptance Commission acp_from_date is not available for Bills and Collections Contract Reference Number 1 and Event Sequence Num ber 2 1388 ORACLE BC AC035 Acceptance Commission acp_to_date is not available for Advance col lection type for Bills amp Collections Contract Reference Number 1 and Event Sequence Number 2 BC AC036 Acceptance Commission acp_from_date cannot be GREATER than Today for Bills amp Collections Contract Reference Number 1 and Event Sequence Number 2 BC AC037 Acceptance Commission From and To Dates are mandatory for a Bill whose Profit Collection in Advance BC AC038 For a Bill in Final stage Acceptance From Date is Mandatory BC AC039 Acceptance To Date cannot be lesser than Acceptance From Date BC AC040 Acceptance From Date cannot be greater than Today BC ACO60 Acceptance Commission
218. eal Cus Dr Customer CCY Equivalent amount of tomer Charges or Fees charges fees in the Account Receivable charge fee currency if Receiva it is a Account Receiv ble able else equivalent amount of charges fees in Customer Account Currency Real Customer Cr Customer CCY Equivalent Bill amount Account in the Customer Account currency Real GL Dr Bill Acceptances CCY Bill amount in the con Asset Discounted tract currency 12 39 ORACLE 12 1 7 12 1 8 12 1 9 Real GL Cr Profit Collected CCY Discounted Profit Liabil in Advance on amount in the contract ity Discounted Bills currency Real Customer Dr Customer Profit CCY Equivalent Discounted Payment Profit amount in the Account Customer account cur rency Real GL Cr CLFA Account CCY Bill amount in the con Con tract currency tingent Real GL Dr CLFA Offset CCY Bill amount in the con Con Account tract currency tingent Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice BACP Bill Acceptance Bill Type Operation Stage Clean Doc Sight Usance Under Our LC i j i i Usance only s All types of BC Products applicable Accounting Entries None Advices Bill Type Advice type Advice Description OUT ACCEPTANCE_ADV Advice of Acceptance INC ACCEPTANCE_ADV Advice of Acceptance REVR Reversal
219. ecify the following details Notice Days Specify the number of days before after maturity when the advice should be generated The advice will be automatically generated as part of BOD for all Incoming Collections associated with the product based on the preferences that you specify Required Specify the number of days before after maturity when the advice should be generated The advice will be automatically generated as part of BOD for all Incoming Collections associated with the product based on the preferences that you specify Refer to the chapter titled Automatic Processes of this User manual for the procedure to manually generate a Payment due Advice before the automatic generation date Indicating Rollover Preference In this section specify the following details Allow Rollover For a Bills product you can specify whether bill contract can be rolled over into a new bill if it is not liquidated on its Maturity Date Checking this box will indicate that the rollover is allowed for the bill involving the product you are defining Once you specify this option the system allows you to change extend the rollover to a new maturity date Rollover is possible on maturity date or after maturity date However rollover option is enabled only when e The IBC product is an import bill with operation as Advance e The IBC product is an import bill with operation as Acceptance and Acceptance to Advance option is enabled How
220. ection Bills After you save the changes a BCOL Collection of Bill under Purchase Advance Discount event is passed for the transaction During BCOL event the system will e Reverse all the purchased discounted advanced assets e Execute a complete profit accrual e Pass collection contingent entries e Pass profit liquidation entries if profit collection is of arrears type e If there is any compensation then it will also be liquidated Partially liquidated contracts can also be reverted to collection operation Also this can be done before on after maturity date In case it is done after the maturity date and if there is any compensation due and compensation accounting entries are defined in BCOL event of product then it will liquidate the compensation as well Limits utilization will get matured on triggering the BCOL event Following are the accounting entries passed during the BCOL Accounting Role Amount Tag Dr Cr BC CUSTOMER BILL_OS_AMTEQV DR BILLSPURCHASED DISCOUNT BILL_OS_AMTEQV CR CONT GL BILL_OS_AMTEQV DR CONT OFFSET GL BILL_OS_AMTEQV CR BC CUSTOMER INT_LIQD DR RECIEVABLE GL INT_LIQD CR BC CUSTOMER PENINT_LIQD DR RECIEVABLE GL PENINT_LIQD CR ORACLE Note Last two entries of profit liquidation should be defined only for arrears type collection prod ucts Following are the accounting entries passed during LCOL Accounting Role Amount Tag Dr Cr Indicator
221. ed below Indicating Preferences for Limits Monitoring You can capture the following details regarding Limits Monitoring Track Accrued Amounts You have to specify whether the accrued profit of bills that have not yet been paid should also be considered as the utilized amount for the purpose of credit administration You can make more than one profit type of component applicable to a bill product In such a case one type is designated as the main profit The following example illustrates how this concept works Track Bill Amount for Discounted Bill Under a discounted bill the profit that is calculated for the bill is deducted at the time of initiating the bill For the purpose of limits tracking you should indicate whether the actual bill amount or the discounted amount should be tracked against the limit assigned to the customer under a Credit Line Check against this field to indicate that the actual bill amount should be considered for the purpose of limits tracking Leave it unchecked to indicate that the discounted amount should be considered Limits Tenor Calculation Type For tenor based bills you can indicate the type or manner in which the bill needs to be tracked The tenor calculation type can be either of the following al ORACLE 4 6 1 2 e Fixed e Rolling If you indicate fixed for a tenor based bill through out its tenor it will be tracked against the relevant credit line Indicating Profit Pref
222. ed in the Details tab is considered for finance calculation and From Date and To Date maintained in the Multi Tenor tab is considered for other components e Finance components are maintained at the product level for a Multi Tenor contract In the finance subsystem based on the number of splits available different sub components are defaulted internally for each split with different From Date and To Date e Initially finance rate maintained for a component at the product level is defaulted for each sub component however you can modify or waive off the same for each split if needed e Finally the sum total of the subcomponent finance amount is computed as the finance component maintained for the product e Ifthe basis amount tag for an finance component is BILL_ELG AMT then the margin amount is adjusted to the bill amount of all the splits proportionally e Overdue finance components are split as component Split Serial number e The accrual finance is calculated and the corresponding accounting entries are posted e If the bill is not liquidated then the penalty finance components are accrued Penalty start date for each split component is computed based on the grace days on finance end date of each split e You can view the details of the sub components in the Finance sub screen of the contract Floating Type of Finance The system defaults the floating rate of each component based on the s
223. ed to the Contract screen For example a customer of your bank has requested you to collect a sum of money due to him under a bill You have registered the bill and sent it for collection The reference number assigned to the bill is O00COB7993630007 Bill Details Currency Specify the currency in which the bill is drawn Amount Specify the amount for which the bill is drawn Amount in Local Currency System displays the amount for which the bill is drawn in terms of the local currency Outstanding Balance The outstanding amount which is the amount that is yet to be liquidated under the bill is automatically displayed In the case of a collection it is computed as follows Outstanding Amount Bill Amount Liquidation Amount Rebate Amount Specify the rebate amount for the reduction of bill amount You can enter the rebate amount only when the mode is Unlock and the stage is Final Transaction Details In this section specify the following details oe ORACLE Base Date Code The system displays the date by which the tenor specified for the bill becomes effective Base Date Description Enter a description for the Base Date Base Date The base date is the date from which the tenor specified for the bill becomes effective The base date is used to calculate the maturity date of the bill In effect the tenor of the bill will begin from this date Note When you accept an Inward Bill of Usance with
224. eeceneneeeteeeeeeeeeeeeeneneteees 12 42 12 1 13 REFA Refusal to Aec pi h a ea a aiai 12 42 12 71 14 REFP Refusal to P IVen a AA a aia Aa TE 12 43 12445 TAFT Advice Of Fate ricreato inn i EE EEAO E 12 43 12 1 16 TACP Tracer for ACC PtanCe 2 22 cccccecceccecceeeeeeeeetecnenneaeeeneeseeeeeentees 12 44 12 1 17 TAPY Transfer for Payment 00 cceeceeteeteeeete eee teeeeeeeteeeeaeeeeteeeaeeeeeneenanees 12 44 12 1 18 TDIS Tracer for approval of AiSCrEPANCICS cscceeeseseceeeeeeeeetees 12 45 12 1 19 TRES Tracer for release Of r SCIV6 cc eceeeeteeeceeeeeteeeeeettettetneess 12 45 12 1 20 Al BU PIOQUCIS se ccsicoseceeithseisedesSicceteeie deletes duke dosed E cbs 12 45 12 1 21 DNTC Arrival of Document NotiCe 22 ccccccceeceeeeteesennennneeeeeseeeteees 12 45 12 44 22 All Bill Produ S ninisi aai EAEN ais Ma ees 12 45 T2123 ROLL RONOVOT orae N E EEE beigesiclivendzds geek blaine eaehs seeks 12 46 12 1 24 Accounting Roles for transfer of Charge amp Commission components from LC to BC 12 46 12 1 25 Collateral Bridge Accounting Role ceceseceeeeeeenteteeeeenteeteeteeneeteeeenaaees 12 48 12 1 26 Crystallization Linkage Event cccccecsseeeeeeetteeeeeeeeeeeeeeteeaeeeeeeeenaaees 12 49 12 1 27 Events for Reversal of Linked Finance before and after initiation of the finance 12 50 13 Annexure C Error Codes and Messages for Islamic Bills and Collections 13 1 13 1 Error Codes and MessageS oroseirrrni iiien
225. eeeeeeeeeeeeeenensseaeees 10 3 10 3 1 Contents of the REPOST a a a a a ia 10 4 10 4 List of Bills Eligible for REdiSCOUNTING cc ceeeeeeeeeeseeeteeeeeeeeeeeeeeteeeaaeeeeseeeaeeees 10 5 10 4 1 Contents of the REPOST cscceccccceceeeeeeeecenenneeaeceseeeeeeeeeetecseesieaeseneeeeeens 10 5 10 5 Islamic Bills in User Defined Statuses ccccccccsecceeceeeeeeeeeeeeteseeeseesaeeeeeeeees 10 6 10 5 1 Contents of the REPOST cscccccccceceeeeeeeecencaecaeeeeteseeeneeetecseesieaeeeeteseeess 10 7 10 6 Islamic Bills under Protest c cccccccececeeeeeeeeeeeceeeaeeeeeeeeeeeeeeseeeccncaneeeeeeeeees 10 9 10 6 1 Contents of the Report cccsccccceceeeeeeeeeenennecaeceseeeeeeeeeetecseesisaeeeneeeeeens 10 9 10 7 Islamic Overdue Acceptances 2 c cccccceceeeeeeeeeeeeeeceneeaeeeeeeeeeeeeteteeeeeseenanes 10 10 10 7 1 Selection 0 0 ee 10 11 10 7 2 Contents of the REPOST ccccccccccececeeeecneeneecaeeeteeeeceesetecsnessisaneeseeeneess 10 12 10 8 Islamic Bills Under Reserve Repott 0 cccccccceeeeeeeeeeecceeeceeeeeeeeeeeeeteteeesenaees 10 13 10 8 1 Contents of the Report ccccccccccececeeeecneeseecaeceeeeseeeetetecssensnaeeeeeeeteees 10 13 10 9 Finalization Overdue Days Report eecceecceeeeeeeeeeeeeeeeeeeeeeeaeeeeeesenaeeeeeeeeneeeees 10 14 10 9 1 Selection Option A a a a a a RE ERREI 10 15 10 9 2 Contents Of the Report 1 cccccccccceeeeee
226. en the following accounting entries will be passed for each of the charges fees Advices GL Dr Account Type AIG Type Cr Description GEY amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer Charges CCY Equivalent amount of Account or Fees Receivable charges fees in the Receivable charge fee currency if it is a Account Receiv able else equivalent amount of charges fees in Customer Account Currency Real GL Dr Outgoing Bills Nego CCY Bill amount in the con Asset tiated tract currency Real Customer Cr Customer Account CCY Equivalent amount of the Bill amount being negotiated in the Cus tomer Account Cur rency Real GL Cr Profit Collected in CCY Equivalent amount of Liabil Advance on Outgo the Profit collected in ity ing Bills Negotiated advance in the accrual currency Real Customer Dr Customer Profit Pay CCY Equivalent amount of ment Account Profit collected in advance in the Account currency Advice type Advice Description REMITTANCE_LTR Remittance Letter 12 16 ORACLE PAYMENT_ADVICE Payment Advice 12 1 2 10 Outgoing Acceptance Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entr
227. en the last working date and the current processing date When run as part of EOD the function liquidates those bills that was processed during the day and need to be liquidated as on the current day If the next working day is a holiday and you specified that in the branch parameters screen that holiday processing should be done upto the last working day 1 such bills will be liquidated as part of the BOD run on the previous day The bills falling due for liquidation on a holiday will be processed during End of Day on the last working day before the holiday Accounting Entries that are passed When a bill is automatically liquidated by the function the necessary accounting entries specified for the liquidation event LIQD will be booked and automatically authorized 29 ORACLE 9 4 1 1 9 4 1 2 9 4 1 3 9 4 2 9 4 2 1 Accounting Entries Passed for a Status Change If the liquidation of the bill involves a status change the accounting entries defined for the status change event STCH of the bill will be automatically passed when the bill moves from one status to another Further if you have indicated the following e The accrual entries passed till date should be reversed when the bill moves into a specific status the function will reverse all the accrual entries booked for the bill till date e The bill amount should be transferred to a new GL head when the bill moves to a particular status the accounting entries for
228. eneeneceeceeeeteeeeeeeseseceneaaeaneeseeettees 10 15 10 10 Islamic Bills and Collections Contract Maturing Bills Report 0 eee 10 16 10 10 1 Contents Of the Report cccceceeceeenecneceeeeeeeceeeeseseecneesieaeseeeeeeeeettees 10 17 10 11 Islamic Overdue Payments Repott cccceccccceeeeeeenree eee eecieeeeeeeteeeeeeetieeeeene 10 18 10 11 1 Selection OptiOns a a aa a aaa a a a A a aiaa 10 19 10 11 2 Contents Of the Report cccceceeeeeeneecaeceeeeseeceeeesesecentensnaeeeeseeeeeeetees 10 20 10 12 Islamic Bills And Collections Contract Activity Report 10 21 10 12 1 Selection OptiONns ccccccccccccceccecetecseeneeaaeeeeeeeeeseeseeeseseesenaneesteseeentess 10 21 10 12 2 Contents Of the REPOST cccceceeceeenecaeceeeeeeeceeeeseceeeneenieseeeeeeeseeettees 10 22 10 13 Islamic Bills And Collections Contract Overrides Report 2 ecceeeeeeeeeees 10 23 10 13 41 Se leCHON OPliONS aa a a aa a eae dinates ee ees 10 23 10 13 2 Contents Of the Report cccceeeeeeeeeeececeeeeeeeeeeeeseseeeneesesaeeeeeeeeeeenenes 10 24 10 14 Islamic Bills And Collections Automatic Exception Report cecceeeees 10 25 10 14 1 Contents Of the REPOST cccceceeceeeneecaeceeeeceeeeeeeseceeeneenneaeeeeeeeseeeteees 10 25 10 15 IB Issued Reportan acelin secede e EE A cae E Aaa aea aaen tTa 10 26 10 15 1 Contents Of the REPOST ere e ea e e nie 10 27 10 16 Import Document
229. enor Code Maturity Date Indicates Maturity date and Protest date Protest Date Reason for Indicates Reason Protest Protest Total For Product Indicates the bill amount of the product Total For Currency Indicates the bill amount in currency 10 7 Islamic Overdue Acceptances The Islamic Overdue Acceptances displays details of bills which have Acceptance items overdue A bill is considered overdue with regard to acceptance under the following conditions e Import bills in the FINAL stage unaccepted after the seventh day of booking e Export bills in the FINAL stage unaccepted after fourteen days of booking 10 10 ORACLE 10 7 1 You can invoke the screen by typing IBRODACC in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Islamic Overdue Acceptances Product Code All Product Single Product Overdue Items Overdue Days for Incoming Usance Bill Overdue Days for Outgoing Usance Bill ReportFormat PDF Printer At Client Report Output Print Printer You can specify the following parameters here Specify the following details Product Code Indicate whether the reports should be generated for a specific product r for all products If you choose Specific Product you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the
230. epartment Offic Islamic BC Query Report functions ers Documentation Accessibility For information about Oracle s commitment to accessibility visit the Oracle Accessibility Program website at http Avww oracle com pls topic lookup ctx acc amp id docacc Organization This manual is organized into the following chapters Chapter 1 About this Manual gives information on the intended audience It also p lists the various chapters covered in this User Manual Islamic Bills and Collections An Overview offers a snapshot of the fea Chapter 2 tures of the entire module t1 ORACLE Islamic Bills Maintenance details the procedure to set up static informa tion related to the module This includes the maintenance of Goods Documents Instructions Free Format Text FFT Clause codes and their corresponding description Chapter 3 Defining the Attributes of an Islamic Bills and Collection Product Chapter 4 describes the procedure to define attributes specific to Bills and Collec tion products Processing Islamic Bills deals with the sequence of events involved to Chapter 5 process a bill Liquidation of the Receivable Components of an Islamic Bill deals with Chapter 6 nay er l the liquidation of the receivable outstanding components Defining Discount Accrual Fee Classes explains discount accrual pro Chapter 7 SpE cessing for Islamic bills Registration
231. eptance Commission For incoming bills in the acceptance stage you can collect Acceptance commission This is different from main profit and compensation profit applicable to advance bills Acceptance profit can be either fixed profit or floating profit or special profit Profit Component To compute and accrue acceptance commission you need to associate a profit component Select the profit component from the option list All profit components maintained through the product ICCF Details screen are made available here During acceptance you have not funded your customer If you select an acceptance profit commission component here and click on the OK button system checks whether the Consider as Discount option is checked at the corresponding product ICCF Details screen If checked system does not allow you to save the same It gives you an error message This is because you do not compute IRR during the acceptance stage 16 ORACLE 4 6 1 8 4 6 1 9 Profit Collection Type After choosing the profit component you need to specify the mode in which the Profit is to be collected Indicate this by choosing either e Advance e Arrears Note Acceptance commission fields are enabled only for Incoming Acceptance Bills Acceptance Commission is not considered as the Main Profit component or the Compensation component Specifying Pay due Advice Generation Preferences In this section sp
232. erences In this section specify the following details Advance by Financing Checking this option allows you to book finance Finance booking is allowed only during final liquidation and is not allowed during partial liquidation of bill Once you have opted for this option you need to specify the finance product and the bridge GL in the consecutive fields Note You are allowed to create finance only for import bills that are of Acceptance type Suspense General Ledger To create finance you need to transfer the principal from Bills to Finances For this purpose a Bridge GL has to be specified in this field Select the GL from the option list The Suspense GL selected as a part of the crystallization preferences is used as a bridge for transfer of the charges in bill contract transferred from the LC Note The system displays only GL s in the option list and will not display any customer accounts Financing Product After opting to book finance you need a finance product to create finance Choose the finance product from the option list The finance will be created using this product at the time of liquidating the bills Note Only Finance products will be displayed in the option list Rate Type Select the appropriate rate type in case the charge commission components transferred onto the finance are in different from the finance currency from the option list This exchange rate will also be used
233. etailed Screen o oo eeceeeeneeeeeeeenteeeeteeenaeeees 5 1 5 3 Entering Details of a Bill seecersiecanriniarisas aariin iaie a A E AAA 5 5 5 3 1 Specifying Details of the Main Tab cccccccceseeeceennteeeceeentieeeseetteeeeeseenaes 5 6 5 3 2 Specifying Processing Details s seeesrreeersrnrrreerrennrrrnnnnenrrrnerrrnnnnneennane 5 12 5 3 3 Viewing Rollover Details of the Original Bill Contract 00000100000111aa 5 15 5 3 4 Specifying Contract Details sssenessrinnenernnnrerrnnnnrnernnnnrnrnnnnneernnnernnanna 5 15 5 3 5 Specifying Details of the Parties Involved in a Bill 0000110000010000000000n 5 22 5 3 6 Specifying Goods Shipping and Document Details for a Bill 5 25 5 3 7 Specifying Exception Tracers for a Bill c cccccccccccceteeeeeeetnteeeettnnneeeeentee 5 28 5 3 8 Specifying the Discrepancies that the Bill INVOIVES o ccc etteee eee 5 33 5 3 9 Specifying Contract Rollover Details 0 ccccccccccesteeeeeetentneeeeetnteeeeeetaee 5 35 9 3 10 Rollover Of a Contract eresas idiaren er di rane AEE TELE AA EEr 5 37 5 3 11 Capturing Draft Details for a Bill s ssssnnnesrnnnnnrnnnnnenrnnnnrnrnnnnrnnrnnnnnnnnnaa 5 38 5 3 12 Associating an Insurance Company with the Bill Contract 2220211122 5 38 959 13 FOMGIING OF DINS soiorn A A A AEA EANA 5 39 5 3 14 Viewing the Effective Profit Details for a Bill ccccccccccctseteeeeeeetnteeeeeetee 5 40 5 3 15 Mai
234. ever the bill can be rolled over only when the current operation is advance and not when it is in the acceptance stage e Both the above products have profit collection type specified as Arrears For handling Rollover you will have to maintain two events and associate the relevant accounting roles and amount tags while defining the Bills Product The two events are e ROLL Triggered on Old Bills Contract aN ORACLE e INIT Triggered on New Bills Contract The system posts the following accounting entries when rollover is initiated manually on the bills contract Event Dr Cr Indicator Accounting Role Amount Tag ROLL DR ROLL_BRIDGE_GL PRINCIPAL_ROLL ROLL CR ADV UNDER LCS PRINCIPAL_ROLL INIT DR ADV UNDERLCS PRINCIPAL_ROIN INIT CR ROLL_BRIDGE_GL PRINCIPAL_ROIN 4 6 1 10 Specifying the Discounting Method As a product preference you have to specify the discounting method that would be applicable when discounting a bill The following options are available Discounted Straight Discounting basis The following formula will be used for calculating the discounted value DV FV x J1 Rx DTM DTY x 100 In the formula above e DV Discounted Value e FV Face Value e R Discount Rate e DTM Days to Maturity Number of Days e DTY Number of Days in a year True Discounted Discount to Yield basis In the Discount to Yield method the following formula will be used FY Dya
235. exit the screen You will return to the Application Browser Operations on the Goods Commodity Maintenance Record On an existing Commodity Codes record you can perform any one of the following operations if any function under the Actions Menu is disabled it means that the function is not allowed for the record e Amend the details of a record e Authorize a record S9 ORACLE 3 4 e Copy the details of a commodity on to a new record e Close a record e Reopen a closed record e Print the details of a record e Delete a record Please refer to the chapter on common procedures for details of these operations Maintaining Instruction Codes You can register the standard set of instructions or statements that are applicable to the bills that you issue These standard instructions can be made to appear in the correspondence and messages sent to the parties involved in a bill Instead of specifying details of an instruction each time you to use it maintain its details in the Bills amp Collections Instruction Code Maintenance screen The advantage of maintaining Instruction Codes is that at the time of creating a product or while entering the details of a bill you need to only specify the code assigned to the Instructions All the details maintained for the instruction code will be automatically picked up This considerably reduces time and effort as there is not need to enter the description of an instruction each time
236. f BC contract is in final stage then no unresolved discrepancies should be present BC XV162 Unresolved discrepancies cannot have resolved dates BC XV163 All resolved discrepancies should have resolved dates BC XV164 Clean bills not under LC cannot have any discrepancies BC XV165 Failed to populate advices for the event 1 BC XV166 Bill currency bill amount and our customer id should be input BC XV167_ BC product is unauthorized closed BC contract cannot be saved Tear ORACLE BC XV168 BC product is not allowed for the branch BC XV169 BC product is not available as of contract value date BC XV170 Input to maturity date is mandatory BC XV171 Documents clauses codes should not be input for a clean bill BC XV172 BC contract customer party details name address etc Has not been input BC XV173 Input to BC contract maturity date is mandatory BC XV174 Party details have not been input properly BCREAS New user and current user must be different 01 BCREAS Contract 1 has been reassigned from user 2 to user 3 by user 02 4 BCREAS New user id cannot be null 03 BCREAS Product code cannot be null 04 BCREAS Contract reference number cannot be null 05 BCREAS No unauthorized contracts exist for reassignment for product 1 06 BCREAS The BC contract reference number is not valid for th
237. f bill During liquidation the remaining Bill amount the drawer s drawee s Profit and Charges are not applicable During liquidation system calculates and displays the amount for each of the defined component ale ORACLE 5 3 28 Capturing Brokerage Details You can capture the brokerage details for a IB contract and set your preferences for sharing the brokerage amount among multiple brokers using Brokerage screen To invoke the screen click Brokerage button on Islamic Bills and Collections Contract Detailed screen Brokerage Contract Reference Contract Currency Brokerage Percent Amount Broker Details 1 Of 1 HEE Broker Broker Name Broker Account Broker Account Currency Broker Perce az azi Exchange Rate Contract Reference The system displays the reference number of the contract Contract Currency The system displays the currency of the bills contract You cannot modify the contract currency Brokerage Percentage Specify the percentage of the contract amount that should be paid as brokerage Based on the percentage set here the system calculates the brokerage amount The brokerage amount calculation takes place at the Bills contract level In case of Bills contracts you may directly enter the brokerage amount However if you specify the brokerage percentage as well as the amount the system ignores the amount and calculates it afresh based on the percentage
238. f the IB if a finance is attached The effective collection liquidation rate is arrived at by the weighted average method discussed in the example of effective purchase or liquidation rate mentioned above Multi Tenor Tab Multi Tenor details of a bill can be captured in the Multi Tenor tab To invoke this screen in the Islamic Bills and Collections Contract Input Detailed Screen click the Multi Tenor tab islamic Bills amp Collections Contract Detailed save i Hold Product Code az Characteristics Product Description El one Contract Reference Version Number 4 Of D User Reference Operation aal Source Reference Stage Final x Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor 10f1 Serial Number Base Date Base Date Code Value Date Tenor Transit Days Maturity Date Split Percentage Bl ae Bl Bl E 7 m r Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax ImportLicense MIS Finance Preference Maker Date Time Status Checker Date Time Authorization Status You can maintain the following multi tenor parameters here Serial Number Serial number for each split is incrementally defaulted here Base Date Specify base date of the split from the adjoining calendar You can modify t
239. for which report is generated 1055 ORACLE 10 5 Body of the Report The following details are displayed as body of the generated report Field Name Field Description IB Product Indicates IB Product Bill Reference Num ber Indicates Bill Reference Number Customer Party Type Id Customer Name Indicates Customer Party Type ID and Customer Name Bill Type Under LC Indicates type of bill and the LC under which the bill type is organized LC Reference Indicates LC Reference code Base Date Maturity Date Indicates base date of the bill and the date at which the bill becomes matured Currency Local Cur rency Indicates currency in which bill is created and local currency Bill Outstanding Amount Outstanding Bill Amount in Local Currency Indicates outstanding amount in the bill and the the outstanding amount in local currency Total for Currency Indicates the sum of all bills Total for Currency in LCY Indicates the sum of all bills in local currency Total for Report in LCY Indicates the sum of all bills in the report in local cur rency Islamic Bills in User Defined Statuses The Islamic Bills in User Defined Statuses report gives the details of contracts that have been moved into a given user defined status A contract can be moved to a user defined status through the Bills Contract screen This can be done manu
240. from contract parties limits table for BC reference DE0005 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract document table for BC reference 1 DE0006 and event 2 with event sequence number 3 failed BC Deletion of records from contract document clauses table for BC refer DE0007 ence 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract goods table for BC reference 1 and DE0008 event 2 with event sequence number 3 failed BC Deletion of records from contract shipment information table for BC ref DE0009 erence 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract free format text table for BC reference DE0010 1 and event 2 with event sequence number 3 failed BC DE0011 Deletion of records from contract instructions table for BC reference 1 and event 2 with event sequence number 3 failed BC Deletion of records from contract discrepancy table for BC reference 1 DE0012 and event 2 with event sequence number 3 failed BC Deletion of records from contract payment exception table for BC refer DE0013 ence 1 and event 2 with event sequence number 3 failed 13 7 ORACLE BC Deletion of records from contract acceptance exception table for BC DE0014 reference 1 and event 2 with event sequence number 3 faile
241. fully using Bills Payment Online Note Oracle FLEXCUBE does not support backdated or future dated rollover The value date for the Rollover event will always be the current system date ole ORACLE Breage C eHeiquidation the system will apply Immediate mode to liquidate the bill Their When entering the details of a bill you can capture the charge details of other banks for instance the charge levied by the remitting bank on an import bill in the Their Charge fields In this field you can specify the charge currency Their Charge Amount Specify the charge amount here In a phased manner you can settle this charge by debiting your customer and crediting the correspondent bank SWIFT Messages for the Documents Received When you receive a document for Usance LCs an Authorization to Reimburse Advice in an MT 740 format will be generated While indicating the messages that should be generated at the event INIT you should also associate the pre shipped advice tag LC_AUTH_REIMB to the event When the Islamic Bills Contract is authorized the MT 740 is generated from the Outgoing Message Browser with the bills contract reference number and it displays all the details of the LC contract excluding the credit amount The expiry date of LC contract and maturity date from Bills contract are also displayed in the generated MT740 message For swift MT740 message the 31D field will display the expiry date specified in
242. g Date Time Checker Date Time Mod No Record Status Authorization Status The primary attribute of a product is whether the bills linked to it are either e Import Bills under LCs e Import Bills not under LCs e Export Bills under LCs e Export Bills not under LCs e Incoming Collections e Outgoing Collections e Usance or Sight Bills e Documentary or Clean Bills 41 ORACLE The first attribute you define for a product is its Type Once you have made this basic classification you can tailor the product to suit your requirements To explain further within the broad categories of the type of Bills listed above you can further define attributes that are characteristic to each type Each of these types that you define with its distinctive features constitutes a Product in Oracle FLEXCUBE Since you define products for convenience all the Bills involving the product inherit the attributes defined for the product Yet you have room for flexibility You can change the inherited attributes of a specific bill to suit your requirement at the time of processing it For any product you create in Oracle FLEXCUBE you can define generic attributes such as branch currency and customer restrictions profit details tax details etc by clicking on the appropriate icon in the horizontal array of icons in this screen For an IBC product in addition to these generic attributes you can specifically define other attributes These attributes are
243. g Payment Final Stage Clean Doc Sight Usance Bill Under LC FIN DOC Sight only Yes mandatory Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description nm Amount Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receiva Receivable fee currency if it is a Account ble Receivable else equivalent amount of charges fees in Customer Account Currency Real Nostro Cr Nostro Vostro CCY Equivalent amount of Bill Vostro Account of Set amount being paid in the tlement currency of the Nostro Vos tro Account Real Customer Dr Customer CCY Equivalent amount of the Bill Account amount being paid in the Customer Account Cur rency 12 21 ORACLE 12 1 3 3 If contingent entries were defined for the event AIC GL Type Type Dr Account Cr Description cc Amount Contingent GL Liability Dr LC OCU Account CC LC OCU decrement entry in the Y contract currency Contingent GL Cr Contingent Offset CC LC OCU decrement offset entry Y in the contract currency Offset Account Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice In
244. g accounting entries will be passed for each of the charges fees GL Dr Account cc Type AIG WY pe Cr Description Y Amount Real Income Cr Charges LCY Equivalent charge amount in Fees earned LCY Real Customer Dr Customer CC Equivalent amount of Account Charges or Y charges fees in the charge Receivable Fees Receiv fee currency if it is a Account able Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Dr Customer s CC Bill amount in the contract Asset Outgoing Bills Y currency Negotiated Real Customer Cr Customer CC Equivalent amount of the Bill Account Y amount being negotiated in the Customer Account Cur rency Real GL Cr Profit Col CC Equivalent amount of the Liability lected in Y Profit collected in advance in Advance on the accrual currency Outgoing Bills Negotiated Real Customer Dr Customer CC Equivalent amount of Profit Profit Pay Y collected in advance in the ment Account Customer Account currency 12 15 ORACLE 12 1 2 9 Advices Advice type Advice Description RESERVE_RELEASE Release of Reserve Advice REMITTANCE_LTR Remittance Letter PAYMENT_ADVICE Payment Advice Outgoing Negotiation Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Sight only Not Applicable Accounting Entries If any charges fees are applicable th
245. generated on all covering dates or a specific covering date If you choose Specific Covering Date you need to specify the date for which the report needs to be generated The adjoining calendar icon provides all the valid dates maintained in the system You can select the appropriate one Customer Selection Indicate whether the reports should be generated for specific customer identification or all customer identification If you choose Selected you need to specify the customer Id for which the report needs to be generated The option list provided displays all valid customer Ids are maintained in the system You can select the appropriate one Click OK to generate the report Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report This report contains details of Field Name Field Description Product Code amp Descrip This is the product code and description tion Customer
246. h to display the screen below Advanced Search You can query a contract based on any of the following details Authorization Status Contract Status Contract Reference User Reference Product Counter Party Bill Currency Bill Amount Rebate Amount Transaction Date Value Date Maturity Date Operation Outstanding Balance Status Characteristics Event Code Source Reference Query Operator value Lana oreo Query Fields Operator Value Ly Order By Ascending Order By Query Fields Value Clear Query Authorization Status Contract Status Contract Reference User Reference Product Counterparty Branch 5 99 ORACLE 6 Liquidation of the Receivable Components of an 6 1 Islamic Bill Introduction The components of a Murabaha bill can be liquidated either automatically or manually The receivable components of a Murabaha bill however will have to be liquidated manually This is because when a component is due from a customer and the customer is unable to pay you debit your profit receivable account and credited the income account When the customer pays you can liquidate the receivable outstanding components of the bill through the Receivable Liquidation screen You can invoke the Receivable Liquidation Input screen by typing LQDTRONL in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button The
247. harged 82 ORACLE 5 4 The commission and charges transferred from LC to the bill are internally stored to the extent of the transfer performed If the same is fully transferred then it is marked as liquidated If no accounting is maintained for the event when the charges to be transferred from LC onto Bills are input no accounting gets passed even though it can be defined for a subsequent past event If the amount due for the LC component is the same as the amount transferred the system marks the same as liquidated internally in the LC module Hence it will be unavailable for transfer to subsequently created bills from the LC onto the same bill in subsequent events Also when the charges commission for a component is marked as transferred no accounting is performed for the charges in the further events though it may be defined When the transfer accounting no transfer accounting is passed the system internally marks the component as transferred in the bills module and updates the LC module with the amount paid as the amount transferred Further transfers for the component will be allowed to the extent of the un transferred charge commission This is to facilitate commission components which could be periodic wherein you can transfer a component completely which might subsequently due to the periodicity be reapplied for the LC which you may wish to transfer Previewing Messages You can preview the messages or
248. hase Details Multi Tenor Discrepancies 1 0f1 oH Code Description Resolved ResolvedDate Received Date a Reserve Exception Tracer Required Not Required Tracer Start Date Tracers To Be Sent Previous Tracer Date Tracer Sent Next Tracer Date Tracer Medium Reserve Release Date Tracer Frequency Discrepancies Approval Tracer Receiver Party Date Type Under Reserve Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference DrawerlDrawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Exit Date Time Discrepancies are likely to be found while processing Incoming or Outgoing bills that are under LCs Specifying Discrepancy Details You have specified the discrepancies and assigned codes to them in the Discrepancy Code Maintenance screen In this screen you can select the discrepancies that are applicable to the bill you are processing The description associated with the discrepancy code will be automatically picked up from the discrepancy code maintenance screen oer ORACLE 5 3 7 2 In this screen you can also indicate whether the discrepancy has been resolved The date on which it was resolved will be automatically displayed Specifying Reserve Excepti
249. hat are required under a documentary bill In this screen you can indicate the clauses that should accompany a document Goods Tab You can maintain the goods details by clicking the Goods tab oN ORACLE 7 1 7 2 7 Defining Discount Accrual Fee Classes Introduction In Oracle FLEXCUBE you can define the different types of charges or fees that apply on a product as classes A charge class is a specific type of charge component E g Charges for amending the terms of finance When defining a product you merely have to attach the required classes In this manner a contract processed under a particular product acquires the classes components associated with the product A discount accrual fee class can be made applicable for finances and bills processed in Oracle FLEXCUBE To apply a discount accrual fee you should first define attributes for each of the components Steps Involved in Processing Discount Accrual Fees The following steps are involved in processing discount accrual fees 1 Defining discount accrual fee classes 2 Associating discount accrual fee classes with a product Defining a Discount Accrual Fee Class A discount accrual fee class specifies the accrual parameters for profit charges and fees You can define the attributes of a discount accrual fee class in the Discount Accrual Class Maintenance screen fal ORACLE 7 2 1 You can invoke the Discount Accrual
250. hat were generated thus far for the outstanding component e Status of the bill You can specify the following details for the Liquidation e Account that should be debited for the liquidation amount e Branch to which the account belongs e Currency of the account e If for the liquidation amount the component currency and the currency of the account to be debited for the liquidated amount are different you can indicate the exchange rate to be used in the conversion By default the exchange rate specified for the currency pair in the Core Services module of Oracle FLEXCUBE is picked up The outstanding components of a bill are displayed for each event To liquidate an outstanding component choose Liquidate from the Processing submenu of the Actions menu or click the liquidate icon in the toolbar If there are other outstanding components after a successful liquidation of an outstanding component for an event the system will notify you It will prompt you to liquidate them as well Specifying Details of the Advices that should be Generated The advices generated for the events occurring during the life cycle of a Murabaha bill are defined for the product involved in the bill In this screen you can specify the advices that should be generated to the parties concerned indicating that you have liquidated a receivable component of the bill You also have the option of prioritizing the advices to be generated for the Contract L
251. he base date even after first authorization Note Base date can be future date Base Date Code Specify a valid base date code which provides additional information for the maturity period from the adjoining option list 30 ORACLE Value Date Specify value date of the split from the adjoining calendar You can modify the value date even after first authorization Note Value date can be future date Value date for all the splits should be the same Tenor Specify tenor of the split in days You can modify tenor days even after first authorization Transit Days Specify transit days of the split You can modify transit days even after first authorization Maturity Date Specify maturity date of the split from the adjoining calendar You can modify the maturity date even after first authorization Maturity date is calculated as the sum of Base Date Tenor Transit Days for each split Note Tenor entered across multiple splits must be unique The system will not allow saving of multi tenor bill with more than one split having the same maturity date While liquidating multi tenor contracts the system liquidates the splits of different tenors in the ascending order of their maturity dates Split Percentage Specify percentage of the split you need to use to calculate the Bill Amount Note If the bill amount is directly entered and the split is not maintained then the system will not compute
252. he day you want to liquidate the bill Link To Finance Check this box if you want to link an export bill contract to a finance This is defaulted from the product level You are allowed to modify this Advance by Finance Oracle FLEXCUBE provides the facility to book finance through the Bills module Check this option to book a finance while liquidating the bills Once you have selected this option you need to specify the finance product and the bridge GL in the consecutive fields Note You are allowed to create finance only for import bills that are of Acceptance type Crystallization of a bill occurs when Advance by Finance has been selected for the bills product on final liquidation of the bill Refer the section Crystallization of bills in this chapter for further details Allow Rollover Specify whether the Bill contract can be rolled over into a new bill This field is enabled only if you have opted for the rollover option at the product level You can choose to change this option during initiation or amendment of the Bill Note If the box is unchecked the Bill contract will not be rolled over even though rollover is spec ified at the product level s21 ORACLE Settle Available Amount Oracle FLEXCUBE allows you to check if there are sufficient funds available in the customer s account The system will settle the acceptance to the debit of whatever funds are available in the account and auto c
253. he report was generated If you generate the report manually from the reports Browser you can specify preferences for the generation of the report You can choose to generate the report to list the activities and events that were performed on bill contracts as of a specific date or over a specified period in time If the report should contain the list of activities and events that were performed over a period in time specify the From and To dates of the period You can invoke the screen by typing IBRONACT in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Islamic Bills And Collections Contract Activity Report Product All Products Specific Product Code Product Code Bills And Collections Contract Activity Report From Date To Date ReportFormat PDF Printer At Client Report Output Print Printer Specify the following details Product Selection Indicate whether the reports should be generated for a specific product code or for all product codes If you choose Specific Product Code you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one 1021 ORACLE 10 12 2 Bills and Collections Contract Activity Report From Date Specify the date from which the transactions need to be considered for report generati
254. he same document code e f a document reference exists then the system gives an override Document reference exists for the shipping guarantee e Ifa document reference is not found then the system gives an override Document reference does not exist for the shipping guarantee Note IBC Upload processing will validate the document reference against shipping guarantee documents if the bill is import LC and validate shipping guarantee for the document code is Y You can add to or delete from the list of documents that are defaulted from the product To add to the list of documents defaulted for a bill click add icon and select the code that identifies the document from the list of document codes maintained in the Documents Maintenance screen The other details of the document will be defaulted to this screen To delete a document that is not required for the bill you are processing highlight the document code and click delete icon Specifying Clauses for a Document There are some standard clauses which should appear on the documents required under a documentary bill In this screen you can indicate the clauses that should accompany a document For documentary bills not under an LI the clauses that you specified for a document while defining the product are defaulted to this screen In addition the details specified for these clauses like its description are defaulted from the product When you highlight a
255. he tenor limit amount exceeds the line limit amount 00014 BC LM The sub line tenor limit amount cannot be greater than the next higher 00015 main line tenor limit amount 1 2 BC LM The sub line tenor cannot be greater than maximum main line tenor 1 00016 days BC LM There are no tenors specified for the main line 00017 BC LM The line code is limits template Details will be copied from template 00018 Continue BC LM The sub line limit cannot exceed the main line limit 1 2 00019 BC LM The main line limit cannot be less than any of its sub line limit 1 2 00020 BC LM The main line tenor cannot be less than the minimum tenor of any sub 00021 lines reporting to it 1 days BC LM The main line tenor limit amount cannot be less than the next lower sub 00022 line tenor limit amount 1 2 BC LM The limits copy could not be completed 00023 BC LM Blank spaces cannot be a part of this field 00024 BC LM The line code should have a nine characters 00025 BC LM The tenor mnemonic is not entered 00026 BC LM The limit is not entered 00027 BC LM The collateral start date cannot be later than the collateral expiry date 00028 BC LM The margin computed is not between 0 and 100 00029 BC LM The collateral currency is not entered 00030 BC LM The collateral type is not entered 00031 BC LM The collateral review date cannot be later than
256. hile defining a product you have already defined a broad outline that will be applicable to all bills involving the product However while processing a bill involving a product you need to enter information specific to the bill you want to process This information is captured through the Islamic Bills and Collections Contract Detailed screen ae ORACLE 5 3 1 Main Tab Click on the Main tab titled to capture the essential details of the bill Contract Details E New E3 Enter Query Product Code Characteristics Product Description Fund id Contract Reference Version Number Ea or Lel User Reference Operation Source Reference Stage Final X Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Customer Details LBL_LC_CUST Customer ID LBL_LC_CUSTNAME Customer Name LC Reference Party Type LC Default Collection Reference Bill Details Currency Outstanding Amount Amount Rebate Amount Amount In Local Currency Transaction Details Base Date Code Transaction Date Base Date Description Value Date Base Date Debit Value Date Tenor Days Credit Value Date Transit Days Maturity Date LC Details LBL_LCISSUEDATE Confirmed Amount LBL_LCAMOUNT Available Confirmed LBL_LC_LIAB_AMOUNT Amount LBL_THEIR_LCREF Unconfirmed Amount Reimbursement Days Available Unconfirmed Amount Liquidation Detail
257. hod for a seller to be paid through banking channels Besides credit risk considerations bills are the customary business practice for trade and a particularly important fee earning service for any bank The Islamic Bills and Collections IBC module supports the processing of all types of Islamic bills both domestic and international It handles the necessary activities during the entire lifecycle of an Islamic bill once it is booked Features In an effort to empower your bank in handling a high volume of credit and to enable you to provide superior services to the customers of your bank Oracle FLEXCUBE provides you with the following features e The Islamic Bills and Collections module supports the processing of all types of international and domestic bills like Incoming Bills under LCs Incoming Bills not under LCs Outgoing Bills under LCs Outgoing Bills not under LCs Incoming Collections Outgoing Collections Usance or Sight Bills Documentary or Clean Bills e You can create a new product or copy the details of an existing Islamic bill on to a new one and modify it to suit your requirements This renders the input of the details of a bill faster and easier You have the flexibility to create and customize a product to suit almost any requirement under a bill The bills associated with the product will bear characteristics that you define for it e The IBC module is designed to handle the profit
258. horized before you can begin the End of Day operations As across checking mechanism to ensure that you are invoking the right bill for authorization you can specify that the values of certain fields should be entered before the other details are displayed The complete details of the bill will be displayed only after the values to these fields are entered This is called the rekey option The fields for which the values have to be given are called the rekey fields If you indicate positively for the cross checking mechanism you should also specify the fields that will have to be rekeyed at the time the contract is authorized You can specify any or all of the following as rekey fields e Amount e Currency e Customer e Value date e Maturity date e Total Paid If no re key fields have been defined the details of the bill will be displayed immediately once the authorizer calls the bill for authorization This facility has been incorporated as a safety measure It is advisable to indicate positively in these fields as the possibility of human error cannot be discounted For instance let us assume that the value date has been input incorrectly for a bills contract You have specified Yes at the Rekey Required field and checked on Value date under it At the time when the contact is being authorized this field will have to be rekeyed and the error that could have otherwise been overlooked can be corrected Specifying Preferences for Acc
259. hosen customer identification number You can select the appropriate one Based on the account specified the branch in which the account resides is displayed alongside Specifying Values for the UDFs You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields and then Function field mapping The value for these fields can be specified in the Branch Parameters Maintenance screen Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen Click the Exit button to exit the screen Operations that You can Perform on a Insurance Company Record In addition to creating the details of an insurance company you can perform the following operations on an existing record e Unlock the record to amend the details e Delete an unauthorized record e Close the record on ORACLE 3 8 e Reopen the closed record Please refer to the manual on Common Procedures for details of these operations Application of Exchange Rate Type based on Transac tion Amount Oracle FLEXCUBE allows you to apply different exchange rates based on the amount involved in the transaction The cut off amount slabs are maintained in the local currency of your bank If the transaction currency is not the local currency the system will fir
260. ice Outgoing Collection Final Stage Clean Doc Sight Usance Bill Under LC FIN CLE Sight Usance Not applicable FIN DOC Sight Usance Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG pS Cr Description GGN Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the charge Receivable Receivable fee currency if it is a Account Receivable else equivalent amount of charges fees in Customer Account Currency Real Nostro Dr Nostro Vostro CCY Equivalent amount of princi Vostro Account of Set pal being liquidated in the tlement currency of the Nostro Vos tro Account 12 26 ORACLE Real Customer Cr Customer CCY Equivalent amount of princi Account Account Payable pal being liquidated in the Payable contract currency if it is Account Payable else equivalent amount of princi pal being liquidated in the Debit Account Currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 3 9 Outgoing Payment Stage Clean Doc Sight Usance Bill Under LC FIN DOC Sight only Yes Mandatory Accounting Entries
261. ided displays all valid currency codes maintained in the system You can select the appropriate one Click OK to generate the report Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows 10 ORACLE Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description Bill Reference Number Indicates Bill Reference Number Status Type Indicates the type of the status Customer Id Type Customer Id Type indicates the party type of the customer The name of the party who has to make the payment will also Customer Name be printed Customer Name indicates the name of the customer involved in the contract Bill Type Indicates type of bill Currency Indicates the code of the currency in which the bill amount is expressed Bill Amount Indicates the bill amount Tenor Indicates when the contract will be paid at sight or after a usance period
262. ies will be passed for each of the charges fees Dr Account GL Type A C Type Cr Description CCY Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Cus Dr Customer CCY Equivalent amount of tomer Charges or Fees charges fees in the Account Receivable charge fee currency if Receiva it is a Account Receiv ble able else equivalent amount of charges fees in Customer Account Currency Real GL Dr Bills CLFA CCY Bill amount in the con Contin Account tract currency gent Asset Real GL Cr CLFA Offset CCY Bill amount in the con Contin Account tract currency gent Off set Contin GL Dr LCs OCU CCY If the Bill is under an gent Lia Account LC and if the export bility LC has been con firmed by the Bank then the LC OCU entries will be reversed to the extent of Bill availment Contin GL Cr Contingent Off CCY If the Bill is under an gent Off set Account LC and if the export set LC has been con firmed by the Bank then the LC OCU entries will be reversed to the extent of Bill availment 12 17 ORACLE 12 1 2 11 Real amp GL Dr Bills Accept CCY Ifa Cash Collateral Asset ances Cash Col Amount has been lateral Account entered during the contract input then the Cash Collateral entries will be passed Real Customer Cr Customer Cash CCY Ifa Cash Collateral Collateral pay A
263. in any inherently dangerous applications including applications that may create a risk of personal injury If you use this software or hardware in dangerous applications then you shall be responsible to take all appropriate failsafe backup redundancy and other measures to ensure its safe use Oracle Corporation and its affiliates disclaim any liability for any damages caused by use of this software or hardware in dangerous applications This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws Except as expressly permitted in your license agreement or allowed by law you may not use copy reproduce translate broadcast modify license transmit distribute exhibit perform publish or display any part in any form or by any means Reverse engineering disassembly or decompilation of this software unless required by law for interoperability is prohibited The information contained herein is subject to change without notice and is not warranted to be error free If you find any errors please report them to us in writing This software or hardware and documentation may provide access to or information on content products and services from third parties Oracle Corporation and its affiliates are not responsible for and expressly disclaim all warranties of any kind with respect to third party content products and services Oracle Co
264. in the case of the finance currency is different from the bill currency to arrive at the finance amount Rate Code Select the appropriate rate code in case the charge commission components transferred onto the finance are in different from the finance currency from the option list This exchange rate will also be used in the case of the finance currency is different from the bill currency to arrive at the finance amount Crystallization Type Select the type of bill crystallization from the drop down list The two values allowed here are Spawn Finance and Linked Contracts a8 ORACLE 4 6 1 3 4 6 1 4 4 6 1 5 e Spawn Finance Selecting this indicates that the finance contract is to be spawned on the maturity date of the bill e Linked Contracts Selecting this indicates that a finance will be manually linked to the bill Note If the crystallization type parameter is set to linked finance the Auto liquidate Flag in the BC contract would be set to Y and the user shall not be allowed to modify the same Exchange Rates for Charges Accounting in case of Linked Contracts In case of linked contracts the finances amount is computed at the time of booking of the finances contract If the charges and commission in the bill carried forward from the LC are to be a part of the crystallized finance and are defined in a currency different from the finance currency the system uses the rate type and rate code
265. informa Details tion about the contract Additional In this screen you can provide additional information on the contract In the screen that corresponds to this tab you can enter details of all Parties the parties involved in the bill This screen along with its fields has been detailed under the head Entering Party Details In the screen corresponding to this tab you can enter details of the documents required under an Islamic bill and the clauses that should Document accompany the documents You can also specify details of the mer chandise that was traded and the shipping instructions based on which the goods were transported Exception Click on this tab to enter details of the exception tracers that should P be generated for the exceptions that occur while processing the bill In the screen that corresponds to this tab you can enter details of the Discrepanci discrepancies that occur while processing the bill es The screen also captures details of the tracers that should be gener ated for Reserve exceptions Rollover Click on this tab to maintain rollover details for the bill Click on this tab to view the components that make up the Bill Drafts Amount l Click on this tab to associate the appropriate Insurance Company with nsurance i the Bill contract Click this tab to define the invoice margin that should be withheld Invoice aie es whenever an invoice is raised against a discounted bill Packing Click on this ta
266. iption of the discrepancy each time you use it This maintenance is common for both BC and Islamic BC modules You can invoke the Bills amp Collections Discrepancy Code Maintenance screen by typing BCDDISCD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button If you are maintaining the details for an instruction for the first time select New from the Actions menu in the Application tool bar or click new icon The Bills amp Collections Discrepancy Code Maintenance screen will be displayed If you are calling a discrepancy maintenance record that has already been defined click Summary view From the Summary screen double click a discrepancy code of your choice to open it LBL_DISC_SCR E New amp Enter Query Discrepancy Code Details Discrepancy Code Language Code Description Maker Date Time Checker Date Time Mod No Record Status Authorization Status You can capture the following details related to the Discrepancy Codes here Discrepancy Code In Oracle FLEXCUBE each discrepancy that you maintain is identified by a four character code called a Discrepancy Code One of the characters of this code should be a letter of the English Alphabet You can follow your own conventions for devising the code The code that you specify should be unique as it is used to identify the discrepancy While creating a product or at the time of ente
267. is amount category type of profit components picked up during event 2 with event sequence number 3 for BC reference 1 is invalid BC INT017 Basis amount category of compensationty profit type components picked up during event 2 3 for BC contract reference 1 should be overdue only BC INT018 Profit calculation method of profit type components picked up during event 2 3 for BC contract reference 1 is mandatory BC INT019 Profit rate for a fixed profit component cannot be null BC LCIF1 Critical errors in LC interface function Cannot proceed BC LCIF2 Critical error in getting LC details Cannot proceed BC LCIN1 Insert into BC tables failed BC LI001 From date required to liquidate bills amp collections contract reference number 1 BC LI002 Liquidation failed for bills amp collections contract reference number 1 BC LI003 Are you sure you want to start auto liquidation BC LI004 Failed to update table for bills amp collections contract reference number 1 and event sequence number 2 for the event 3 BC LI005 Failed to do settlement pickup for bills amp collections contract reference number 1 event sequence number 2 event 3 BC LI006 Failed to create a new version and event sequence number for liquida tion event for bills amp collections contract reference number 1 BC LIO07 ICCF pickup failed during liquidation for bills amp collections
268. is an instrument used for trade payments and trade involves merchandise There are certain standard goods or commodities that are transacted under bills Instead of specifying details of the merchandise each time they are traded you can maintain the details of the A ORACLE 3 3 1 standard commodities in the Goods Maintenance screen The advantage of maintaining commodity details is that at the time of entering the details of a bill you need to only specify the code assigned to the goods All the details maintained for the commodity code will be automatically picked up This reduces your effort as you do not need to enter the description of the commodities each time you need to use it This maintenance is common for both BC and Islamic BC modules To maintain details of the standard commodities transacted under a bill invoke the Bills amp Collections Commodity Code Maintenance screen by typing BCDCOMCD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button If you are maintaining details of a commodity for the first time select New from the Actions menu in the Application tool bar or click new icon The Bills amp Collections Commodity Code Maintenance screen is displayed without any details If you are calling a maintenance record that has already been defined choose the Summary option under Commodities From the Summary screen double click on a commodity code
269. is contract have been undone BC C0009 At least contract reference number is required to put the contract on hold BC C0010 Base date cannot be greater than application date BC C0011 All overrides requiring confirmation have not been confirmed Confirm them 136 ORACLE BC C0014 Tenor is less than the minimum tenor specified in the product BC C0015 Tenor is greater than the maximum tenor specified in the product BC C0016 LC details could not be copied BC C0017 User reference number is not unique BC C0018 User reference number mandatory BC C0019 LCY equivalent of bill amount could not be got Cannot proceed BC CAO01 Failed to calculate amount_due for a component of the contract BC CLOSE Do you want to close the contract BC CS001 Bills contract authorization failed BC Critical error occurred during deletion of records for event 2 with DE0001 event sequence number 3 for BC reference 1 BC Deletion of records from contract master table for BC reference 1 and DE0002 event 2 with event sequence number 3 failed BC Deletion of records from contract parties table for BC reference 1 and DE0003 event 2 with event sequence number 3 failed BC Deletion of records from contract parties addresses table for BC refer DE0004 ence 1 and event 2 with event sequence number 3 failed BC Deletion of records
270. it is collected in the ROLL event e Passes entries for the principal amount in the INIT event If a bill has to be rolled over e The Maturity Date should be past its Base date e The value of date of the bill should not be null or less than the From date maintained in the Rollover details screen om ORACLE 5 3 9 5 3 10 Viewing Rollover Details of the Original Bill Contract You can view the values that were maintained in the specific version Parent and Child of a bills contract In the Islamic Bills and Collections Contract Detailed screen click on the Rollover tab Contract Details E New amp Enter Query Product Code Characteristics Product Description Fund Id Contract Reference Version Number _4 Of User Reference Source Reference Operation Stage Final Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies fj 1g Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Transaction Details Base Date Base Date Description Base Date Code Maturity Date Bill Tenor Transit Days Profit Liquid Preference Interest Liquidation Mode Profit Component Details From Date To Date Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS FinancePreference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective Prof
271. itRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview AllMessages Maker Date Time Status Checker Authorization Status Date Time Draft Tab You can capture amounts for the different components of a bill Click the Drafts tab from the Islamic Bills and Collections Contract Detailed screen to capture the different component amounts The components for which you can capture this information are e Cost of goods e Insurance amount e Profit amount e Freight charges Contract Details E New E3 Enter Query Product Code Characteristics Product Description Fund id i Contract Reference Nerejon themes iii i User Reference Operation Source Reference Stage Final Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies Rollover SELS Insurance Invoice Packing Credit Purchase Details Multi Tenor Drafts 10f1 Amount Name Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS FinancePreference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview AllMessages Maker Date Time Status Checker Authorization Status Date Time a2 ORACLE 5 3 11 Insurance Tab You can associate the name of an insurance company to the bill con
272. ither of the following dates e Next working day v2 ORACLE 9 2 3 9 2 4 e Upto system date If you indicate that processing has to be done only upto the System Date then only the events scheduled for today the last working day before the holiday will be processed The events of the holiday are processed by the batch process as part of the BOD process on the next working day Use User Reference No in Messages If you wish to display the user reference number in the advices that are generated for a contract select this option All the advices generated at your branch will display the appropriate user reference number Note You can specify a format for the generation of the User Reference Number in the Se quence Generation screen available in the Application Browser Refer to the Core Servic es User Manual for details on maintaining a sequence format Use Ultimate Parent User Reference for Child Contracts If you wish to display the user reference number of the ultimate parent in the advices generated for child contracts select this option If this box is unchecked the user reference number of the child is displayed for the child contracts Specifying the Accrual Level At the time of creating a product you specified the following e Whether accrual of profit is allowed for the product e The accounting entries that should be passed for the accrual event e The frequency with which the accrual entries sho
273. k one or more FX deals to a bill The value of an FX deal should not exceed the value of the bill it hedges If you link several FX deals to a bill the total value of all the deals should not exceed the bill amount 5 3 31 Specifying the Field Details Click the Field button from the Islamic Bills and Collections Contract Detailed screen to invoke the Fields screen a Field Name Value Description Value Description Refer the Products User Manual under Modularity for further details on capturing Field details ae ORACLE 5 3 32 Viewing the Effective Profit Rate Details for a Bill You can view the effective profit rates applied for the contract through the Effective Profit Rate screen Click the Effective Profit Rate button to invoke this screen LBL_IRORPRR Contract Reference 10f1 Effective Date LBL_IRPRR In this screen you will be able to view the Effective Profit Rate and the date from which profit rate is effective 5 3 33 Viewing Profit Dates Click the Profit Dates button from the Islamic Bills and Collections Contract Detailed screen to invoke the Profit screen Profit Component Dates Profit Component Dates 1 Of 1 Component Calculation From Date Calculation To Date a0 ORACLE 5 3 34 For more details on viewing Profit Dates refer Interest User Manual u
274. l Amount for a Collection 0 0 ec eeeeeceeeeeneeeeeeeeeeeeeeeeeenteeeenenaaes 5 57 5 5 1 Specifying advices for the AMENAMENL escent eet etnteee eee etneeeeeetnee 5 59 9 5 2 Maintaining Event Details 0 ccccccccceeceeeeeenneeeeeeennneeeeeeetaaeeeeeetiaaeeeenetaaa 5 61 9 5 3 Maintaining Profit Details 0000 ccc ett eee enteeeeeeetnneeeeeeesnaeneeeetiaeeeeeneas 5 62 5 5 4 Maintaining Charges Detalls cccccccceecestteeeeeetttneeeeeeeneeeeeeetnaeeeeentaaa 5 63 9 5 5 Maintaining Tax Detalls 0 cccccccceececet tines eeetenneeeeeeteeeeeetiaeeeeeetiaeeeentee 5 64 5 5 6 Viewing Different Versions Of a Billl ecccccccceeeeeee settee eee tntteeeeeetneeeeenenae 5 64 5 5 7 About Template S ss221 3 z22 nts erae see eis fie eee 5 64 9 5 8 Deleting a Contact erasini ASE Enae EERIE AREA ESSEE E 5 64 5 6 Specifying Batch Processing Preferences ccccccecceeeeeeceeeeeeeesueeeeeeeenneeeeeenaaes 5 65 5 6 1 Specifying Counterparty Details 0 cccccecsccceeeseeeeeeeeeneeeeteneaeeeeseeaeenees 5 66 5 6 2 Viewing the Media Addresses of a CUSLOMED eceeeeeettttteeeettnteeeeeees 5 66 Liquidation of the Receivable Components of an Islamic Bill 6 1 Git Introduction e222 anaiei e a AE ANE AA EEANN NERA A 6 1 6 1 1 Liquidating the Outstanding Components of a Bill cccccctceectenteeeeeeenee 6 1 6 1 2 Specifying Details of the Advices that should be Generated 008 6 2 6 1 3 Specifying the
275. l the record is authorized Specifying Values for the UDFs You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields and then Function field mapping The value for these fields can be specified in the Branch Parameters Maintenance screen Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen Click the Exit button to exit the screen Operations on the Discrepancy Code Maintenance Record On an existing Discrepancy Code maintenance record you can perform any one of the following operations if any function under the Actions Menu is disabled it means that the function is not allowed for the record e Amend the details of the record e Authorize the record e Copy the details of a discrepancy code on to a new record e Close the record e Reopen the closed record e Print the details of a record e Delete the record Please refer to the chapter on common procedures for details of these operations sig ORACLE 3 7 Maintaining Insurance Company Details A bill as an instrument used for trade payments involves the shipment of large merchandise over long distances To cover the loss or damage of the goods during transition most merchandise that is traded is covered under an insurance policy You can mai
276. lamic Bills and Collections Contract Detailed screen to invoke the Event Details screen Sas ORACLE The details of events that have already taken place on the contract will be displayed along with pending events The date on which the event took place will also be displayed EX New E Enter Query Reference Number Events 1 0f1 Event Number Event Code Description Event Date Authorization Status LBL_MAKER2 Authorized Click the Accounting Entries to view the accounting entries for the event Click the Message button to view messages applicable to the event Click the Exit button to return to the IBC Contract Detailed screen 5 3 16 1 Viewing the Accounting Entries Passed for the Bill From the Islamic Bills and Collections Contract Detailed Event Details screen click Accounting Entries to view the accounting entries for the event The details of the accounting entries that were passed for the event can be viewed here The accounting entries that are passed depend on the type of bill you are processing Accounting Entries Enter Query Reference Number Event Event Number 7 See Position Entries eE Overrides Accounting Entries 10f1 j F Event Branch Account Account Description Dr Cr AmountTag AccountCcy Foreign CurrencyAmount Rate Local Currency Amount Date The following inform
277. lassified into Transport documents Insurance documents Invoices Other documents includes packaging list certificate of origin etc Islamic BC Documents Product Code Product Description Document Details 1 Of 1 Document Code DocumentType DocumentDescription Serial Number a Clause Details 1 Of1 a Clause Code Clause Description Serial Number ia There are certain standard documents that are required under a documentary bill You can specify the documents that are applicable to the bills that are linked to the product Agi ORACLE 4 14 1 A list of the standard shipping documents that can accompany the bill is maintained in the Documents Maintenance screen Along with these documents you will also be provided with a pre defined list of documents Select a document code from the list of documents maintained earlier The description and the document type associated with the code you have selected will be displayed You can specify more than one of the predefined documents for the product you are creating All the documents that you define for the product will be defaulted to all the bills involving this product However while entering a bill you can add to or delete from the defaulted list of documents After you have specified details of the document click add icon to add it to the list of documents applicable to the product Click delete icon to delete a document from the prod
278. le Amendment _ Amend After Application Amend After Association Consider as Discount Allow Amount Amendment Discount Basis v Accrual Required EJEA The steps involved in processing charges for a contract i e defining charge rules defining charge classes associating charge classes with a product and amending charge details to suit a contract are explained in the Building Charge Components User Manual 4 29 ORACLE 4 8 Specifying MIS Details Click the MIS button to define Management Information Details MIS details for the product you are defining MIS Details Product Code MIS Group Pool Code Default Fram MIS Groun MIS Classes Cost Code 1 Of 1 MIS Class MIS Code For more information on specifying MIS Details refer Products User Manual under Modularity Asaa ORACLE 4 9 Specifying ICCF Details Click the Profit button to define the Profit that is to be collected for Bills involving this product ICCF Details Product Code Amount Type Pre Payment Method Collection Type Interest Rate Type Rate Code Borrow Lend Indicator Rate Cycle Type Event Rule Component Product Limits 1 Of 1 E Currency Default Rate FLEXCUBE Stop Application C Propagation Required Accrual Required Allow Amendment Consider as Discount Advance Arrear Fixed x Borrow up
279. le code from the adjoining option list 2 ORACLE 9 4 9 4 1 Function Identification Choose the function ID of batch that you wish to run The adjoining option list displays all batch processes available for the module Select the appropriate one List Of Values Select Function Identification Search Function Identification 26 FETCH 1 of 1 Coto Page Function identification Function Description You can configure the batch to be run at various stages of day like EOD EOTI etc For further details about this screen refer the chapter Setting up Mandatory Programs for EOD in the AEOD User Manual Processes Run during Beginning of Day BOD The Batch program when run as part of BOD processes the following events Automatic Liquidation of Bills The auto liquidation function liquidates all the outstanding components of a bill contract on the liquidation date specified for the bill To recall the liquidation date is calculated in the following manner Maturity Date Base Date tenor transit days This function will liquidate only active bills for which you have specified the liquidation method as automatic The pertinent details of the bill with respect to tax limits profit and charges will be updated to indicate that the bill has been liquidated and authorized When run as part of the BOD process the function automatically liquidates all the bills that have a liquidation date betwe
280. liday check for base date has failed Please check whether HOLO003 local holiday table has been maintained BC BC contract base date 1 is a local holiday OK to proceed HOLO004 BC Holiday check for covering letter date and bill currency has failed HOLO05 Please check whether holiday table has been maintained BC BC contract covering letter date 1 is a holiday for bill currency 2 OK HOLO06 to proceed BC Local holiday check for covering letter date has failed Please check HOLO007 whether local holiday table has been maintained BC BC contract covering letter date 1 is a local holiday OK to proceed HOLO008 BC Holiday check for maturity date and bill currency has failed Please HOLO09 check whether holiday table has been maintained BC BC contract maturity date 1 is a holiday for bill currency 2 OK to pro HOLO010 ceed 13211 ORACLE BC Local holiday check for maturity date has failed Please check whether HOLO11 local holiday table has been maintained BC BC contract maturity date 1 is a local holiday OK to proceed HOLO012 BC Holiday check for value date and bill currency has failed Please check HOLO013 whether holiday table has been maintained BC BC contract value date 1 is a holiday for bill currency 2 OK to pro HOL014 ceed BC Local holiday check for value date has failed Please check whether HOLO15 local holiday table has been maintained
281. ll Internal Remarks Enter information for the internal reference of your bank This information will be made available at the time you retrieve the information on the bill Note These remarks will not be printed on any of the advices generated for the bill Specifying the Parties Involved in a Collection Bill In the Islamic Bills and Collections Registration Input screen you can capture details pertaining to all the parties involved in a bill islamic Bills And Collection Registration Input E New E3 Enter Query Contract Reference User Reference Product Code Operation Stage Registered Parties Details 10f1 Party Type Party Name Language Party Reference Address 1 Maker Date Time Status Authorized By Authorization Status Date Time 54 ORACLE You can capture the following details in the bill you are registering e Party type of the customer e CIF Id assigned to the party e Country to which the party belongs e Language in which tracers and messages should be sent to the party e Party s mail address The parties that can be involved in a collection bill not only depend on the type of bill you are processing but also on the operation that you are performing on the bill While registering a bill both incoming and outgoing the only operation that is possible is Collection The following table indicates the parties that can be involved in a collection bill
282. ll The messages that are generated for an Export bill depend on the operation you perform on the bill The following are the SWIFT messages that are supported for an Export bill MT 400 Advice of Payment for a Collection Bill Description SWIFT code Acknowledgement MT 410 Acceptance Advice MT 412 Payment tracer MT420 Acceptance tracer MT 420 Refusal Advice payment and accept MT 734 Discharge Advice MT 732 Amendment of instruction MT 430 Reimbursement claim MT 742 Discrepancy Requirement MT 750 Tracers that are generated MT 420 Profit and Charge Liquidation The IBC module has a flexible mechanism for raising tracking and controlling the profit that you collect and the charges that you levy These may be on a cash or account receivable basis They can be collected either in advance or in arrears and can be accrued or non accrued Profit can be collected either as a rate or as a flat amount Standard Profit rates can be defined for each bill type Changes that you effect to fields like the base date exchange rate or account numbers require reversal entries The system generates reversal entries for the corrected amount account rate etc oo ORACLE 3 1 3 2 3 Islamic Bills Maintenance Introduction The Islamic Bills amp Collections module requires certain basic information to be set up before becoming operational You can maintain details for the following
283. llateral Details Collateral Description LBL_TFR_COLL_AMT Collateral Currency LBL_OUT_COLL_AMT Collateral Amount Transfer Collateral from Liquidate Using Collater Charge Details ciaimaoceinswn LBL_PASS_TO_CHG_DRDE LBL_TEMPLATE_IDD LBL_PASS_PRF_DRDE Our Charges Refused LBL_CHG_REFUSED Document Details Letter Dated Acknowledgement Document Original Received Received Acknowledgement Date Document Duplicate Received Other Details Collect LC Advising LBL_FIN_CONTREF Charges From Further Identification E Internal Remarks Cheque Number LBL_PARENT_CON_REF LBL_CON_STA_DTS Status As of Date Contract Derived Status User Defined Status lt HE r Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective Profit Rate Profit Dates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker DateTime Status Date Time Here you can capture the following details Specifying Profit Details You can specify the period for which the tenor based profit components of the bill should be calculated From Date The From Date that you enter indicates the start date of the profit calculation period The From Date should not be later than today s date It is mandatory for you to enter a start date for all bills with
284. llections Funds Transfer etc available in your bank are also displayed in an option list All active and a5 ORACLE 3 8 1 3 8 2 authorized records are available for selection You can select the appropriate module code from the list The various products services offered by your bank are also available in an option list Select the product code from the list Alternatively you can also maintain the cut off amounts that will be applicable for all the branches modules and products of your bank You can make the following selections to do this e Branch Code AL all branches e Module Code ALL all modules e Product Code ZALL all products Amount Tag Amount tags identify the various components eg Bill Amount Finance Principal LC Amount etc involved in a contract You can maintain the cut off amount slabs for e All Amount Tags The maintenance will be applicable to all the amount tags available in the system Module tags and Non module tags e Module Tags The amount tags that are specific to a particular module are known as Module Tags For eg the amount tag PRINCIPAL is specific to the Finance module BILL_AMOUNT is defined for the Bills module and so on e Non Module Tags The amount tags that are internally created by the system are referred to as Non Module tags The system will automatically create the amount tags for the Profit Tax Charge and Commission components that you define for a p
285. lowing details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description IB Product Code Indicates the code of the product Transaction Date Indicates the date of transaction Bill Reference Number Indicates Bill Reference Number Aging Days Indicates aging days Bill Type Indicates type of bill Currency Indicates Currency Bill Amount Indicates Bill Amount Tenor Indicates Tenor Code Protest Party Type Indicates Protest Party Type Party Id Protest Party Party Id Protest Party Name of the customer Name Maximum Transaction Indicates the date of maximum transaction Date Total Indicates the total bill amount 10 12 ORACLE 10 8 Islamic Bills Under Reserve Report The Islamic Bills Under Reserve report provides the list of bills under reserve You can set preferences as to generation of the report using Under Reserve Report screen You can invoke the screen by typing IBRODAPP in the field at the top right corner of the Application tool bar and click
286. ls are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated 1028 ORACLE 10 17 Body of the Report The following details are displayed as body of the generated report Field Name Field Description Branch Code Branch Name Indicates branch code and branch name Register Date Indicates the register date Contract Date Indicates the contract date Maturity Date Indicates the date at which the bill is matured Bill Contract Number Indicates is the bill contract number LC Contract Number Indicates the LC contract number Murabaha Number Indicates the murabaha number RM Code Indicates the RM code Maker Indicates the maker Authorizer Indicates the authorizer Account Number Indicates the account number Customer Id and Cus Indicates the customer id and customer name tomer Name Currency Indicates the currency Bill Amount Indicates the bill amount Local Currency Amount Indicates the local currency amount Outstanding Bill Amount Indicates the outstanding bill amount Collateral Amount Collateral Currency Indicates the c
287. m Discount to Collection or Purchase to Collection another override is displayed on saving that event to manually reverse Cl Payments in the contract If you create a Bill under the product with the flag link to loans enabled you can attach the Packing Credit during the BPUR or LIQD events only if no BLNK event has been fired in the Cl contract failing which an error is thrown on attempting to save You can link the Bill to the Cl after attaching the Packing Credit to the latter You cannot create a Cl where its value is greater than difference of the Outstanding Bill Amount and the Purchase Amount During the LPUR event an override alerts you of the soft linked outstanding loans You need to handle ke ORACLE 5 3 13 2 5 3 14 this operationally by manually liquidating the loan outstanding and then input such liquidation amount in Islamic BC Alternatively the system credits the customer s CASA account with such difference liquidation amount When the system authorizes the event in which the Cl is linked the LIQD event in Cl is also authorized Some limitations in this regard though are noteworthy e If at anytime the event linking the Cl to the Bill is deleted the corresponding finance event in the Cl is also deleted It is not possible though to delete such Liquidation Event from the Cl Payments screen e If a Bill is reversed the system does not reverse the Finance but rather it displays an override to manually reverse of th
288. maintained for splits in the Multi Tenor tab e Defaults the value date with the earliest value date maintained for splits in the Multi Tenor tab e Recalculates the tenor based on the base date and maturity date updated in the main screen e Defaults the value of Transit Days as Zero which cannot be amended later e Defaults the maturity date with the latest maturity date maintained for splits in the Multi Tenor tab e Defaults the purchase and discount amount with the sum total of the discount amount maintained for each split if the operation is Discount e Defaults the negotiation amount with the total bill amount maintained if the operation is Negotiation e Defaults the liquidation amount with the sum total of the liquidation amounts maintained for each splits e Defaults the liquidation date with the earliest maturity dates of the split if date is not maintained If the liquidation date is not maintained then the system validates for the maturity date to be the earliest of the maturity dates maintained for the splits and displays an error message if it is later than the earliest maturity date Fog ORACLE Note You will not be able to amend these fields later 5 3 15 2 Processing Finance for Multi Tenor Bills The system processes finance components assigned to the respective event as below Finance Liquidation Finance Accrual amp OD Accrual e From Date and To Date maintain
289. mber of days that should elapse after the Bill matures on which the first tracer should be generated By default the system calculates the date on which the first tracer should be generated based on the maturity date specified in the contract screen and on the number of days specified for the product involved in the contract You can change the default and specify a start date to suit the requirement of the bill you are processing The system also displays the number of tracers already sent to the concerned party Previous Tracer Date This is the date on which the last tracer was sent to the party indicated in the tracer Receiver field Next Tracer Date This is the date on which the next tracer will be generated to the party indicated earlier Pay Message Date Enter the date on which you send the acceptance message to the remitting bank in the case of an Import bill In the case of an export bill this is the date specified on the acceptance message received from the collecting bank This field is for information purposes only Non Pay Message Date Enter the date on which you send the non payment message to the remitting bank in the case of an export bill In the case of an export bill this is the date specified on the non payment message received form the collecting bank On entering the nonpayment message date the event REFP refusal to pay is triggered The accounting entries defined for the event will be passed and th
290. module to which the outstanding receivable component belongs Contract Ref This is the reference number of the contract whose outstanding receiv No able components are overdue Event Code This is the event under which the Outstanding component should have been paid Booking This is the date on which the original entry was passed Date Receivable This is the account that is to be credited when the customer pays the Ac Code outstanding component Ac Branch This is the branch to which the account belongs Amount This is the amount of the outstanding component that is to be received from the customer Amount Tag This is the amount tag of the component Description This is a description of the amount tag Liquidation of Overdue Components You can liquidate the overdue components i e Normal and Compensation components partially or fully through the Islamic BC Payment Input screen oS ORACLE You can invoke the Islamic BC Payment Input screen by typing IBDTRPAY in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Islamic Bills And Collection Payment Details E New amp Enter Query Contract Reference Currency Outstanding Balance Name Value Date 4 Of b Total Amount Due PILLS Total Paid Bng Payment Remarks Payment Breakup 1 Of 1 F Component Currency Amount Due Due Date Amount Prep
291. month ma ORACLE 7 3 Acquisition Type The Acquisition Type determines whether the initial cash flows for a C contract can be more Premium or less Discount or equal Par to the bill amount The Acquisition Type is determined by the cash flows of profit charges and fees for which Consider as Discount option is checked The drop down list comprises of the following values e Par e Par Discount e Par Premium e Par Discount Premium If the incoming cash flows of all the above components are greater than outgoing cash flows considering Incoming flow as Positive In case of bills the acquisition type is considered as Discount If the incoming cash flows of all the above components are less than outgoing cash flows considering Incoming flow as Positive In case of bills the acquisition type is considered as Premium If the incoming cash flows of all the above components are equal to outgoing cash flows considering Incoming flow as Positive In case of bills the acquisition type is considered as Par Note The acquisition type of a contract can change from premium to par discount or otherwise depending on the charges getting liquidated during the life cycle of the contract Handling of Foreclosure Specify how foreclosures with respect to the contracts using the class must be handled You can opt for the completion of pending accruals or refund In case the Acquisition Type is Par there are
292. mount has been ment account entered during the contract input then the Cash Collateral entries will be passed Advices Advice type Advice Description RESERVE_RELEASE Release of Reserve Advice REMITTANCE_LTR Remittance Letter PAYMENT_ADVICE Payment Advice Outgoing Acceptance Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Usance only Not applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type mG Type Cr Description SEN Amoun Real Income Cr Charges Fees LCY Equivae amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if it is a Account Receiv able else equivalent amount of charges fees in Customer Account Currency Real GL Dr Bills CLFA CCY Bill amount in the con Con Account tract currency tin gent Asset 12 18 ORACLE Real GL Cr CLFA Offset CCY Bill amount in the con Con Account tract currency tin gent Offset Real GL Cr Bills Acceptances CCY If a Cash Collateral amp Cash Collateral Amount has been Asset Account entered during the contract input then the Cash Collateral entries will be passed Real Customer Dr Customer Cash CCY If a Cash C
293. n Date Indicates the date of transaction Ie ORACLE Our Reference Indicates our reference Aging Days Indicates aging days Bill Type Indicates type of bill Currency Indicates Currency Bill Amount Indicates Bill Amount Tenor Code Indicates Tenor Code Protest Party Type Indicates Protest Party Type Party Id Protest Party Party Id Protest Party Name of the customer Name Maximum Transaction Indicates the date of maximum transaction Date Total Indicates the total bill amount 10 10 Islamic Bills and Collections Contract Maturing Bills Report Islamic Bills and Collections Contract Maturing Bills report lists all the bills that are yet to be liquidated and due to mature You can configure this report to be generated automatically as part of the batch processes run as part of BOD or EOD Besides you can also generate the report when required If the report is generated as part of BOD then by default all bills maturing as of today s date will be reported If generated as part of EOD this report lists the bills that are due to mature in the next seven calendar days If the report is generated manually it will list the bills to be protested for the period that you indicate Selection Options You can indicate preferences for the generation of the report The contents of the report will be determined by these preferences that you indicate 10 16 ORACLE
294. n advice generated for the bill You can add to or delete from the list of Instructions defaulted from the product involved in the bill The list of instructions associated with an advice is displayed You can add to or delete from the list of defaulted instructions To add an Instruction to the list click add icon and select the code that identifies the FFT from the option list The description of the FFT is automatically picked up and displayed You can edit the description that is defaulted To delete an instruction from the list highlight the code that identifies the Instruction and click delete icon Specifying the Settlement Details Click the Settlement button from the Islamic Bills and Collections Contract Detailed screen to invoke the Settlement Details screen Settlement Details Contract Reference Component essere Payment Details Parties Parties Local Clearing Other Details Settlement Details 1 Of 1 a Component Currency Debit Credit Account Account Description Branch Account Currency Original Exchange aj Credit v 4 m Sianature Verification For more details on specifying the Settlement Details Refer Settlements User Manual under Modularity Ipp ORACLE 5 3 19 Capturing Split Settlement Details for a Bill You can capture split settlement details for the bill using the Split Details screen by clicking Spli
295. nce number 1 after processing event 2 BC LI021 To date required to liquidate bills amp collections contract reference num ber 1 BC LI022 Failed to insert details into BCTB_autoliq_details for bills amp collections contract reference number 1 event 3 event sequence number 2 BC LI023 This process can be run only during begin of day or end of day BC LI024 First run the predecessor process before running this BC LM The issuer limits details are incomplete Complete delete the issuer lim 00001 its details BC LM The line code is not a limits template 00002 BC LM The line code is not entered 00003 BC LM The liability is not entered 00004 BC LM The line start date cannot be later than the line expiry date 00005 BC LM The last available date cannot be later than the line expiry date 00006 BC LM The line currency is not entered 00007 BC LM This tenor has been maintained for the limit 00008 BC LM The tenor details are incomplete Complete delete the tenor details 00009 BC LM The products allowed details are incomplete Complete delete the 00010 products allowed details BC LM The branches allowed details are incomplete Complete delete the 00011 branches allowed details BC LM The last available date cannot be less than the line start date 00012 BC LM The customers allowed details are incomplete Complete delete the 00013 customers allowed details 13 15 ORACLE BC LM T
296. nd specify a number to suit the bill you are processing If you have indicated that the tracer should be generated until the bill is resolved the value 9999 is displayed indicating that the tracer will be generated until the exception is resolved Tracer Sent Exception tracers can be generated only after the maturity date of the bill While creating a product you have also indicated the number of days that should elapse after the Bill matures on which the first tracer should be generated By default the system calculates the date on which the first tracer should be generated based on the maturity date specified in the contract screen and on the number of days specified for the product involved in the contract You can change the default and specify a start date to suit the requirement of the bill you are processing The system also displays the number of tracers already sent to the concerned party Manually Generate Oracle FLEXCUBE allows you to generate tracers for bills manually To generate a specific tracer for a bill manually unlock the bill contract and check the box Manually Generate for the tracer concerned i ORACLE 5 3 6 2 Note On manual generation of a tracer the system calculates the Next Tracer Date according to the defined tracer cycle Tracer Start Date Exception tracers can be generated only after the maturity date of the bill While creating a product you have also indicated the nu
297. nd the finance behaves as a normal finance in Oracle FLEXCUBE which can be reversed Such an event does not perform any subsequent action on the Bill linked Bill Reversal upon linkage of finance with finance to be initiated Bill reversal is not allowed if there is a finance linked to the bill that has not been reversed The reversal of the bill is allowed once the underlying linked finance has been reversed eae ORACLE 13 Annexure C Error Codes and Messages for Islamic Bills and Collections 13 1 Error Codes and Messages Error Code Message BC 00200 At least one status has to be defined BC 00201 Status already exists BC 00202 Contracts with 1 status exist The status cannot be deleted BC 00203 Status and status sequence cannot be null or 0 BC 00204 Status with this sequence number already exists Do you want to shift the existing status BC 00205 Status shift down failed BC 00206 Transfer days should be more than 1 days BC 00207 Transfer days should be less than 1 days BC 00208 Component is missing for status BC 00209 1 is missing BC 00210 Duplicates exist BC 00211 Stop accrual has not been set BC 00212 Profit components cannot exist for a collection operation BC 00213 Accrual start month is missing BC 00214 Accrual start day is missing BC 00215 Min tenor should be less than or equal to standard tenor which in turn has to be less than or
298. nder Modulari ty Maintaining Finance Accounts From the Islamic Bills and Collections Contract Detailed screen click on the Finance Accounts button The Finance Account screen will be displayed In this screen you can maintain the details for the finance LBL_LOANORFINACC Contract Reference LBL_LNKLNFINDET 1 Of 1 E Account Currency Amount o To recall you have the option to create finance from bills module In case you opt for this option the preferences you maintain in this screen will be used to create finance during liquidation of bills Bill Currency The system will display the local currency of the branch in which the finance is initiated You cannot change this value An option list is provided in order to select a currency since the currency of the finance can be different from that of the bill Tenor Here you need to indicate the tenor for each finance being maintained The tenor is expressed in days The minimum maximum tenor specified in the finance product underlying the contract has to be adhered to Line This is the credit line against which the finance is issued to the customer The various credit line codes are maintained in the option list To specify this line click on the option list A list of GL codes maintained in the GL Module will be displayed Highlight the line you want to assign to this finance and click on OK to select the line Rate Type The Rate Typ
299. ne based on your specifications to this field It only helps retrieve information on discounted bills available for rediscounting The Bills eligible for Redis counting report lists the bills that are eligible for rediscounting Based on the report you can send a discounted bill for rediscounting Auto Change of Operation Acceptance to Advance If you are processing an acceptance type of bill you can indicate whether the bill should be automatically converted into an advance type of bill on its liquidation date Brokerage Details Allow Brokerage This preference is defaulted from the product screen Brokerage To Be Paid By Us Check this box to indicate that the brokerage will be paid by the importer or exporter depending on the bill product Note that this field will be enabled only if the box Allow Brokerage is checked oes ORACLE ICCF Pickup Details For any export purchases you can indicate whether you want to levy the charges and profit in the ICCF pickup currency or the contract currency for the customer When you invoke the contract the bill currency you select will be taken by default as the ICCF pickup currency However you can change this currency for the customer For this you need to specify the following ICCF Pickup Currency Indicate the currency in which profit and the charge pickup will happen for the contract Exchange Rate Indicate the exchange rate between ICCF pickup currency and con
300. ng registered bill by double clicking the reference number of the bill islamic Bills And Collection Registration Input E New Enter Query Contract Reference User Reference Product Code Operation Stage WET Parties Reference Collection Reference Their Letter of Credit Reference Bill Currency Bill Amount Maker Authorized By Counterparty Details Customer Id Party Type Tenor Base Date Base Date Description Tenor Maturity Date Transaction Date Value Date Internal Remarks Date Time Date Time Status Authorization Status Document Details Covering Letter Date You can enter the details of the registration of a collection bill by Duplicate Document Received Original Document Received e Copying the details from an existing contract and only changing details that are different for the contract you are entering e Entering the details of the Registration afresh by using your keyboard and the option lists that are available at various fields To facilitate quick input you need to just enter the product code Based on the product code you choose many of the fields will be defaulted You can overwrite these defaults to suit your S1 ORACLE 8 2 0 1 8 2 0 2 8 2 0 3 requirement You can further add details specific to the collection bill like the bill amount the tenor and the party details of the bill Specifying References of the Bill The bills that come to your bank f
301. no refunds Only the pending accruals are completed Associating Discount Accrual Components To Prod ucts After building discount accrual fee classes you can associate the class with finances or bills products You can invoke the Islamic Bills and Collections Product Definition screen by typing IBDPRMNT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button is ORACLE Click the Discount Accrual button in the Islamic BC Product Definition screen to invoke the Discount Accrual Preference Association screen islamic BC Product Definition E New amp Enter Query Product Code Tenor Code Sight Product Description Usance Product Type Multi Tenor Description Slogan Product Group Product Group Description Under Letter of Credit Yes Start Date No End Date Remarks Operation Document Clean Documentary Change of Operation Allowed Acceptance To Advance Acceptance To Discount C Collection To Purchase Discount To Collection C Purchase To Collection C Acceptance To Forfaiting Discount To Forfaiting C Collection To Transfer Collection to Discount Reimbursement __ Reimbursement Claim Accounting Roles Events Branch amp Currency Customer MIS Preferences DiscountAccrual Tracers Free FormatText Document Profit Charges Tax Status Fields Maker Date Time Checker Date Time
302. ntain the details of different Insurance Companies in Oracle FLEXCUBE At the time of capturing the details of a Bill contract in the system you can associate the appropriate Insurance Company Code with the contract Upon selection of the code all the details maintained for the selected code will be automatically picked up by the system Subsequently on receipt of the insurance policy from the company the insurance policy number can also be captured in the relevant contract You can maintain the details of an insurance company through the Bills amp Collection Insurance Company Maintenance screen This maintenance is common for both BC and Islamic BC modules You can invoke the Bills amp Collection Insurance Company Maintenance screen by typing BCDINSCO in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button insurance Company Codes Maintenance Screen E New 5 Enter Query r Company Details Insurance Company Code Insurance Company Name Address 1 Address 2 Address 3 ___ Address 4 Telephone Number Fax Number Account Details Customer PS Branch Account Input By Authorized By Modification Date Time Date Time Number E Authorized E Open In this section you can maintain the following details of Insurance Companies Insurance Company Code Specify a unique code for ea
303. ntaining Preferences for the Finance eesssseeiisseeerennneerrerseeeenn 5 41 5 3 16 Specifying Advices FFTs and Instructions for a Bill 2 0ccccccceeeereeees 5 42 9 3 17 Viewing Event Detalls ccccccccceecceeeetneeeeeetnneeeeeeeteeeeeesiaaeeeeestiaeeeeneeaa 5 45 5 3 18 Reducing of the LC Cash Collateral cccccccccccceesteteeeeetnnneeeeertnneeeeneeae 5 47 9 3 19 Linking contracts to accounts ANA CEPOSIES cece eet tntteee teeta 5 49 5 3 20 Transferring COMMISSION ANA ChALGOS scceececeeeeee eee eteteee eee tnteeeeeetaae 5 51 5 4 Previewing Messages 2 csceceeeeeeeseneeeeenteteeetseedeceeeteeesannecseneecneeeeeenedeneaeeebeceaees 5 52 5 4 1 Linking a Bill to AN FX Deal uu ieceececececeeeeeeenteeeeeeeentneeeeeesnaeeeeeeetneeeeeneeae 5 53 5 4 2 Specifying the Settlement Details cccccceeeeeeeeteeeeeetnneeeeeetnaeeeeeeeae 5 53 9 4 3 Viewing Profit Detalls ssreereierariiarsriirriiirrarirrii itry Airra ii EEE EN EAA 5 54 5 4 4 Viewing Profit Dates oi aee iea EE ERE EEEE EEO EAA 5 54 34 5 Viewing Charge Detalls seri arera oriana oee E T Aa E ETES 5 55 5 4 6 Specifying the Tax Details 00 ceccccccceeeeeeceeenneeeeeeetnneeeeeetnaeeeeeetiaaeeeeeetaea 5 56 5 4 7 Specifying the MIS Detalls cccccccccceceeeeeeteceeeeeeetecneeeeeetenaeeeeeetiaeeeeenenaa 5 57 5 4 8 Specifying the Field Details ccccccccsceeeeceeeecneeeeeeteneeeeeesnneeeeeetntaeeeereeae 5 57 5 5 Amending the Bil
304. ntract will also be defaulted to the screen Note You can also choose to associate an Insurance Company that is not maintained in the sys tem When you are specifying a company code that does not exist the system will display an override The override can be configured to be an ignore message or an error message depending on your requirement On confirmation of the override the company code will be automatically changed to XXXXXXXXX The system will not perform any validations Subsequently you can specify any company name to be associated with the contract However no details will be populated in this case oS ORACLE 5 3 12 Invoice Tab When an invoice is raised against a discounted bill you can specify a margin of the invoice amount that should be withheld Click the Invoice tab from the Islamic Bills and Collections Contract Detailed screen to invoke this screen Contract Details E New amp Enter Query Product Code Characteristics a Product Description Fund id Version Number _ 4 of in Contract Reference User Reference Operation Source Reference Stage Final Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies Rollover Drafts Insurance dies Packing Credit Purchase Details Multi Tenor Invoice m Invoice Currency voice Dotais Percentage Amount 1 0f1 Percentage Invoice Number Invoice Date Amount al Margin
305. number 3 for BC reference 1 BC EV0050 Critical error occurred during processing of event 2 for BC reference 1 BC EV0051 Update of contract event log for event 2 failed for BC reference 1 BC EV0052 Failed to fetch contract related data for event 2 of BC reference 1 BC EV0053 Processing of accounting entries for event 2 of BC reference 1 failed BC EV0054 Processing of LC availment event failed for bills amp collection reference 1 under our LC reference 2 BC EV0055 On line limits monitoring process failed for event 2 of bills amp collec tion reference 1 BC EV0056 Reversal of accounting entries for BC reference 1 failed BC EV0057 Accounting entries definition lookup for event 2 for BC reference 1 failed BC EV0058 Accounting entries hand off for event 2 with event sequence number 3 for bills amp collections contract reference 1 failed BC EV0059 Update of contract profit tables BCTBS_ICCF_Master for event 2 with event sequence number 3 of BC reference 1 BC EVNT1 Current event is 1 Subsystems and advices will be picked up for the event BC FRO01 Are you sure you want to process floating rate profit changes BC FR002 Failed to update process field for floating rate code 1 currency 2 BC FR003 Failed to process rate change for bills and collections contract refer ence number 1 rate code 2 and currency 3 13 10 ORACLE BC FR004 Failed
306. o DRAWER Specifying Document Details In this section specify the following details Duplicate Document Received This field is applicable only for Documentary bills Here you can indicate whether the duplicate set of documents that are required under the bill have been received Note If you had indicated negatively in the Document Original Received field you should indi cate positively in this field This is because the bill contract should be entered based on the first set of documents that are received Original Document Received This field is applicable only for Documentary bills Here you can indicate whether the original set of documents that are required under the bill have been received iia ORACLE 8 2 0 4 8 2 0 5 Covering Letter Date This field is applicable only for Documentary bills Here you can indicate the date printed on the covering letter based on which the contract was entered This date can be used to retrieve information on pending documents Specifying Terms of a Bill The terms that you define for a collection bill while registering it will form the basis on which the bill will be processed You can specify the following terms for a bill Bill Currency Specify the currency in which the bill is drawn Bill Amount Specify the amount for which the bill is drawn While processing a bill that was registered all the terms that you specify during registration will be displa
307. o party language is mandatory cannot be null BC XV064 Input to party reference is mandatory cannot be null BC XV065 Input to party address is mandatory cannot be null BC XV066 Input to collection reference field is mandatory cannot be null BC XV067 For bills under LC input to their LC reference our LC reference is man datory cannot be null BC XV068 For bills under LC input to LC issue date is mandatory cannot be null BC XV069 Input to bill currency is mandatory cannot be null BC XV070 Input to bill amount is mandatory cannot be null BC XV071 Input to our customer id is mandatory cannot be null BC XV072 Input to out customer party type is mandatory cannot be null BC XV073 Either original documents duplicate documents of the bill should have been received BC XV074 Input to covering letter date is mandatory cannot be null BC XV075 Input to base date is mandatory cannot be null BC XV076 For a usance bill the tenor should be greater than 0 days BC XV077 For a sight bill the tenor should always be 0 days BC XV078 Input to value date is mandatory cannot be null 1388 ORACLE BC XV079 Input to liquidation date is mandatory cannot be null BC XV080_ Input to user defined status is mandatory cannot be null BC XV081 Input to status as on date is mandatory cannot be null BC XV082 Party type 1 has no
308. oduct should be less than or equal to the Maximum tenor that you specify Standard The standard tenor is the tenor that is normally associated with a bill involving a product The standard tenor of a bill is always expressed in days and is applicable to all bills involving the product If you do not specify any specific tenor while processing a bill the standard tenor will be applicable to it However the standard tenor applied on a bill can be changed during bill processing Note You can create a product with the standard tenor as zero While processing a bill involving such a product you will need to specify the maturity and the expiry date of the bill If you attempt to save the bill without entering the expiry or maturity date you will be prompted for an override Transit Days The transit days is used to compute the maturity date of the bill Enter the transit days for the bill The system does not allow you to save the record in case the transit day exceeds the standard tenor Specifying the Rate Code Details In this section specify the following details Buy Sell Rate Select this option if you want to specify Buy Sell rate for exchange 4 24 ORACLE 4 6 2 5 Mid Rate If it is a cross currency bill the exchange rate that has to be used for conversion can be mentioned as MID BUY SELL rate Select this option if you want to specify the exchange rate as Mid rate Free Collection Check this option if you
309. ody of the Report The following details are displayed as body of the generated report Field Name Field Description IB Product Code Indicates the code of the product Payment Date Indicates the date of payment Our Reference Indicates our reference Aging Days Indicates aging days Bill Type Indicates type of bill Currency Indicates Currency Bill Amount Indicates Bill Amount Tenor Indicates Tenor Code Protest Party Type Party Id Protest Party Name Indicates Protest Party Type Party Id Protest Party Name of the customer Total Indicates the total bill amount 10 20 ORACLE 10 12 Islamic Bills And Collections Contract Activity Report 10 12 1 The Islamic Bills and Collections Contract Activity Report lists details of all the activities or events that were performed on bills during the course of the bank s operations The journal s for a particular day or for a period in time This report can be used as an audit trail since it also gives the names of the users who performed and authorized an event on the contract Selection Options You can configure this report to be triggered automatically as part of the batch processes run as part of EOD You can also generate the report when required from the Reports Browser If the report is generated as part of EOD the report will by default list details of all the activities and events that occurred as of the date t
310. of an Islamic Collection Bill details the procedure involved Chapter 8 es in registering an Islamic collection bill Chapter 9 Automatic Processes explains the processes that automatically run periodic activities Chapter 10 Reports provides a list of reports that can be generated in this module and also explains their contents Chapter 11 Annexure A contains details of the FFTs that are shipped along with the module Chapter 12 Annexure B contains a list of suggested accounting entries and advices that can be set up for the IBC module Annexure C Error Codes and Messages for Islamic Bills and Collec Chapter 13 tions lists all the error messages that you can encounter while working with Oracle FLEXCUBE Function ID Glossary has alphabetical listing of Function Screen ID s Chapter 14 used in the module with page references for quick navigation 1 5 Related Documents e The Procedures User Manual e The Core Services User Manual e The Letters of Credit User Manual e The Central Liability User Manual 1 6 Glossary of Icons This User Manual may refer to all or some of the following icons Icons Function x Exit Add row tg ORACLE Icons Function Delete row ail Option List ORACLE 2 Islamic Bills and Collections An Overview Introduction A bill as an instrument of international trade is the most commonly used met
311. of limits data for event 2 with event sequence number 3 DE0035 for bills amp collection reference 1 failed BC Deletion of letters of credit availment event linked to event 2 with DE0036 event sequence number 3 for BC reference 1 failed BC Deletion of records from MIS table for BC reference 1 BEOO2 And event 2 with event sequence number 3 failed BC DEBUG 1 BC DELO1 The latest authorized event could not be identified to rollback to BC DELO2 Unauthorized contract can be deleted only by the user who input it BC EV0001 Processing of event book failed for BC reference 1 BC EV0002 Processing of event INIT failed for BC reference 1 BC EV0003 Processing of event BDIS failed for BC reference 1 BC EV0004 Processing of event BADV failed for BC reference 1 BC EV0005 Processing of event BPUR failed for BC reference 1 BC EV0006 Processing of event LDIS failed for BC reference 1 BC EV0007 Processing of event LADV failed for BC reference 1 BC EV0008 Processing of event LPUR failed for BC reference 1 BC EV0009 Processing of event LIQD failed for BC reference 1 BC EV0010 Processing of event AMND failed for BC reference 1 BC EV0011 Processing of event ACCR failed for BC reference 1 BC EV0012 Processing of event STCH failed for BC reference 1 BC EV0013 Processing of event REVR failed for BC reference 1 BC EV0014 Processing of event ADIS failed for BC referenc
312. ogin Page E New E3 Enter Query Contract Reference Book On Event Code Event Description Module Liquidation Advice Tracer Advices Details El advice Suppress Medium Priority m m Input By Authorized By Contract Status L Authorized Date Time Date Time The advices that can be generated for the liquidation of the receivable components of a bill are e Charge Claim Advice e Debit Advice The Charge Claim Advice is generated when the receivable account is debited that is when the event happens Details such as whether it was suppressed during the event the medium through which it was transmitted and the date on which it was generated will be displayed This is for information purposes only G2 ORACLE 6 1 4 The Debit Advice is generated when the receivable components of the bill are liquidated You can suppress the generation of the advice or change the media and priority when you are processing the liquidation Suppress By default all the advices defined for the product involved in the bill will be generated As an advice may not be applicable to the liquidation of a component you can suppress it s generation by indicating so Priority Priority applies to the advices that need to be sent through media like SWIFT or TELEX By default the priority of all advices is marked as Normal You have the option to prioritize advices as one of the following e Normal e Medium e High
313. ollateral Collateral pay Amount has been ment account entered during the contract input then the Cash Collateral entries will be passed Advices Advice type Advice Description REMITTANCE_LTR Remittance Letter PAYMENT_ADVICE Payment Advice 12 1 2 12 Outgoing Discount Stage Clean Doc Sight Usance Bill under LC FIN DOC Usance only Not Applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description Bey Amoun Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer Charges CCY Equivalent amount of Account or Fees Receiva charges fees in the Receivable ble charge fee currency if it is a Account Receivable else equivalent amount of charges fees in Cus tomer Account Cur rency Real Customer Cr Customer Settle CCY Bill amount in the Cus ment Account tomer Account cur rency 1219 ORACLE Real GL Dr Bills Discounted CCY Bill amount in the con Asset tract currency Real GL Cr Profit Collected in CCY Discounted Profit Liabil Advance on Dis amount in the contract ity counted Bills currency Real Customer Dr Customer Profit CCY Equivalent Discounted Payment Acco
314. ollateral amount Indicates the collateral currency Bill Charges Indicates the bill charges Tenor Indicates the tenor code Unaccepted Import Collection Outstanding Docu ments Report Unaccepted Import Collection Outstanding Documents Report prints details of the outstanding documents due to unaccepted import collection You can invoke the screen by 10 29 ORACLE typing IBRPUAIC in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Unaccepted Import Collection Outstanding Documents Report Product Code Booking Date Report Format Printer At Client Report Output Printer Specify the following details Product Code Specify a valid product code for which you want to generate report from the adjoining option list Booking Date Specify a valid product code for which you want to generate report from the adjoining calendar 10 17 1 Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated
315. on 10 15 IB Issued Report The IB Issued report prints details of the Islamic bills and collections issued You can invoke the screen by typing IBRPBCRP in the field at the top right corner of the Application tool bar and click on the adjoining arrow button brpbcrp_Desc All Branches Single Branch Branch ReportFormat PDF Printer At Client Report Output Print Printer You can generate the report based on the following branch criteria The following options are available for section 1926 ORACLE 10 15 1 e All Branches e Single Branch Branch Code Specify a valid branch code for which you want to generate the report from the adjoining option list if you have selected Single Branch Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description
316. on To Date Specify the date until which transactions need to be considered for report generation Click OK to generate the report Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description Product Code Indicates the code of the product Event Code Indicates code of the event Bill Reference Number Indicates bill reference number Bill Type Indicates type of bill Currency Indicates Currency Bill Amount Indicates Bill Amount Tenor Indicates Tenor Code Maturity Date Indicates the date of maturity Party Id Indicates party Id and party name of the customer Party Name Party Type Indicates the type of party 10722 ORACLE Maker Id Indicates the maker id and checker id Checker Id 10 13 Islamic Bills And Collections Contract Overrides Re 10
317. on Details In this section specify the following details Tracers Required You can indicate whether the reserve exception tracer is applicable to the bill you are processing You can indicate one of the following e Applicable If you specify that a tracer is applicable to a bill you can also specify the number of tracers that should be generated for the exception e Not Applicable You can select this option to indicate that the exception tracer is not applicable to the bill you are processing e Till Resolved If you indicate that the tracer should be generated until the exception is resolved you need not specify the number of tracers that should be sent This is so because the tracer will be generated until the exception is resolved Tracers to be Sent If you have indicated that the tracer is applicable to the bill you are processing you should also specify the maximum number of tracers that should be generated for each of the exception events The number of copies specified for the product to which the bill is linked will be displayed You can change the default and specify a number to suit the bill you are processing If you have indicated that the tracer should be generated until the bill is resolved the value 9999 is displayed indicating that the tracer will be generated until the exception is resolved Tracer Medium For each of the exception tracers that you specify for a bill you can also indicate the medium
318. on mode with immediate and deferred values are enabled only at the time of final liquidation of principal If immediate option is selected at the time of final liquidation of principal the entire outstanding profit will be liquidated along with the principal and the contract status becomes liquidated If deferred option is chosen at the time of final liquidation of principal only principal gets liquidated and recovery of profit gets deferred The contract status would remain active The outstanding profit can be liquidated later either partially in stages or fully through BC profit payment screen Once the entire outstanding profit is liquidated contract status will be shown as liquidated In case the rollover of the bill is specified after the maturity date of the bill the contract will have profit components along with compensation profit on principal as outstanding You need to specify the mode in which the system liquidates both the profit components i e Normal and Penal components by choosing either of the following e Immediately At the time of final liquidation the system liquidates all outstanding profit components and transfers the outstanding Principal to new Bills Contract e Deferred At the time of final liquidation the system only transfers the outstanding Principal to new Bills contract without liquidating the profit components These profit components can be liquidated partially or
319. on the document Document Long Description After specifying a code to identify the document you can proceed to maintain the contents of the document The contents of the document can be printed every time it is used under a bill A document can contain a maximum of two thousand characters Specifying Clause Details A clause is a statement that can accompany a document sent under a bill Instead of specifying the details of a clause each time you need to use it you can maintain a list of the standard clauses which can accompany the documents sent under a bill in the Bills and Collections Document Code Maintenance screen The advantage of maintaining clause details is that at the time of creating a product or at the time of entering a bill you need to only specify the code assigned to the clause All the details maintained for the clause will be automatically picked up This reduces the effort involved in entering the contents of the clause each time you use it Clause Code Each clause maintained is identified by a four character code called a Clause code One of the characters of the clause code should be a letter of the English Alphabet You can follow your own convention for devising the code This code should be unique as it is used to identify the clause While creating a product or at the time of entering the details of a bill instead of specifying the clauses that should accompany a document you need to only specify the
320. on will be displayed in the respective fields of this screen when you specify the collection reference Their LC Reference If the bill you are processing is drawn under an LC you should specify the following references e The customer in whose name the LC was drawn e The date on which the LC was issued e The reference of the LC Choose the Use LC Ref in Messages option if you would like to furnish the related LC Reference Number in the messages generated for the bill If you do not choose this option Field 20 of the SWIFT messages and the mail messages generated for the bill will furnish the Bill Reference Number Reimbursement Days Enter the Reimbursement Days for the bill you are processing The Reimbursement Claim for the bill will be automatically generated on reimbursement working days prior to the maturity date For instance the maturity date of a bill is 23 March 2001 You specify the Reimbursement days as 2 Two working days prior to the maturity date i e on 21 March 2001 as a part of the BOD process the Reimbursement Claim MT742 for the bill will be automatically generated Confirmed Amount When you book a bill contract under a letter of credit the system displays the current confirmed amount of the letter of credit contract Available Confirmed Amount When you book a bill contract under a letter of credit the system displays the current available confirmed amount of the letter of credit contract
321. only on crystallization of the Bill Liquidation of charges and commission transferred from LC is not allowed from any other event in the bill Maturity Date The system accepts the maturity date in the crystallization preference screen of the Bill If the finance to be created is call finance finance for which the maturity date is not known the same is defaulted to NULL Transferring Commission and Charges Clicking Charges Transfer button in the Islamic Bills and Collections Contract Detailed screen invokes the Commission and Charges Transfer screen Commission and Charges Contract Reference Number Bill Currency Our Letter of Credit Customer Bill Amount 1 Of 1 E Our Letter of Credit Reference Component ComponentCurrency AmountTransferred Amount Received Amour F Here you can specify the charges commission to be collected transferred as a part of the bill being created You can view the component wise outstanding charges and commission for the LC against which the Bill is being availed This screen maintains no default values for the commission and charges that are being passed over the bill It is mandatory to input these amounts in this screen if the bill is under anLC and there are charges defined for the LC to be collected as a part of the bill The amount transferred onto the Bill for a component is internally allocated amongst the various events of the LC during which the component is c
322. ons if any function under the Actions Menu is disabled it means that the function is not allowed for the record e Amend the details of the record e Authorize the record e Copy the details of an FFT on to a new record e Close the record e Reopen the closed record e Print the details of a record e Delete the record Please refer to the chapter on common procedures for details of these operations oe ORACLE 3 5 3 5 0 1 Maintaining Free Format Texts FFT Free Format Texts FFT s may be a set of instructions or statements that are applicable to the bills that you process There are certain standard free format texts that should appear in the correspondence and messages sent to the parties involved in the bill Instead of specifying the details of the FFT each time you need to use it you can maintain them in the FFT Maintenance screen The advantage of maintaining FFT details is that at the time of creating a product or while entering the details of a bill you need to only specify the code assigned to the FFT All the details maintained for the FFT code will be automatically picked up This reduces your effort as you do not need to enter the description of the FFT each time you use it This maintenance is common for both BC and Islamic BC modules You can invoke the Bills amp Collections Free Format Code Maintenance screen by typing BCDFFTCD in the field at the top right corner of the Application tool
323. ontract amount or a portion of it can be linked to any number of deposits and accounts or both From the Islamic Bills and Collections Contract Detailed screen you can invoke the Linkages Details screen by choosing the Linkages button In this screen you can specify any account maintained with you and indicate the funds that you would like to block Linkages Details Contract Reference Latest ESN Contract Linkages 1 Of 1 E Type Linked To Reference Number Account Currency Available Amount Account Uncovered Amount Deposit Sar ORACLE 5 3 29 1 5 3 29 2 5 3 30 Specifying the Type of Linkage In the Contract Details screen you can specify the type of linkage The bill can be linked to a e Deposit e Customer account Specifying the Details of the Linkage If the bill you are processing is linked to a deposit you should enter the Reference Number of the deposit The deposit should be a valid contract in Oracle FLEXCUBE with a Value Date that is earlier than or the same as the Value Date of the bill and a Maturity Date that is the same as or later than that of the bill If you link the bill to an account you must specify the account number The account has to be a Current or Savings Bank account Currency The currency of the deposit or account to which the bill is linked is displayed once the linkage details are specified Exchange Rate If the currency of the bill i
324. or collection can be raised against an LC drawn at an earlier date by another bank Collection Reference Enter a unique reference that will help you identify the collection bill In case of an outgoing collection bill you can specify an identification of your own In case of an incoming bill you can indicate the reference assigned to the bill by your confirming bank Their Letter of Credit Reference If you are processing an outgoing bill under an LC that was issued by another bank you can enter the Reference number assigned to the LC by the other bank Specifying Counterparty Details In this section specify the following details Customer ID Enter the name or CIF Id as the case may be of the counterparty to the bill In the case of an Import bill you should specify details of the Drawee of the bill If the Drawee is a customer of your bank you should specify the CIF Id assigned to the customer the other details of the bill will be automatically picked up If you are processing an Export bill you should specify details of the Drawer of the bill If the drawer is a customer of your bank you should specify the CIF Id assigned to the customer the other details of the bill will be automatically picked up Party Type Specify the party type of the customer indicated in the customer field If you are processing an import bill this field is defaulted with DRAWEE If you are processing an export bill it is defaulted t
325. ord will be displayed in the Auth By field The date and time at which the record has been authorized will be displayed in the Date Time The status of the record will be displayed in the check box marked Authorized The field will remain unchecked until the record is authorized Click the Exit button to exit the screen You will be returned to the Application Browser Operations on the Document Maintenance Screen On an existing Document Maintenance record you can perform any of the following operations if any function under the Actions Menu is disabled it means that the function is not allowed for the record e Amend the details of a document e Authorize a document e Copy the details of a document on to a new one e Close the document e Reopen the document e Print the details of a document e Delete the details of a document Refer to the User Manual on Common Procedures for details of these operations On an existing Clause Maintenance record you can perform any of the following operations if any function under the Actions Menu is disabled it means that the function is not allowed for the record e Amend the details of the record e Authorize the record e Copy the details of a clause on to a new record e Close the record e Reopen the closed record e Print the details of a record e Delete the record Refer to the User Manual on Common Procedures for details of these operations Maintaining Goods A bill
326. osed BC 00252 If the tracer generation is not required then preferred tracer medium has to be null and tracer start day has to be 0 BC 00253 1 should be used for defining either credit or debit accounting entries for BC customer nostro account but not both BC 00255 Tracer generation frequency cannot be 0 BC 00256 Collection bills can have profit components defined only for BPUR event BC 00257 For a usance bill all the tenors MIN STD MAX should be greater than zero BC ACO001 Accruals failed for bills amp collections contract reference number 1 BC AC002 Accrual level not available for current branch BC AC004 Failed to do accounting entries for bills amp collections product 1 BC ACO05 Failed to get reference number for bills amp collections product 1 for accounting entries BC ACO006 Profit computation for accruals failed for bills amp collections contract ref erence number 1 BC ACO007 Are you sure you want to start accruals BC AC008 Reverse accrual failed for bills amp collections contract reference number 1 BC ACO009 Invalid component list sent for accruals for bills amp collections contract reference number 1 BC AC010 Date until which the accrual due dates of bills amp collections contracts should be picked up is not available BC AC011 Invalid accrual type entered BC AC012 Invalid accrual level selected for the current branch BC AC01
327. ou are processing e Till resolved If you indicate that the tracer should be generated until the exception is resolved you need not specify the number of tracers that should be sent This is because the tracer will be generated at the frequency that you specify until the exception is resolved Tracer Frequency You can specify the frequency in days with which the tracer should be generated to the concerned parties after the Start days involved in the bill Tracer Receiver You can specify details of the party who needs to be reminded to take action to resolve the exception Select the party type from the option list that is available The tracer will be generated to the customer linked to the party type in the Parties screen Tracer Medium For each of the exception tracers that you specify for a bill you can also indicate the medium through which the tracer should be generated The preferred medium specified for the product to which the bill is linked is defaulted The media supported include e Mail e Telex e SWIFT If the tracer is generated through SWIFT an MT420 will be generated Tracers to be Sent If you have indicated that the tracer is applicable to the bill you are processing you should also specify the maximum number of tracers that should be generated for each of the exception events The number of copies specified for the product to which the bill is linked will be displayed You can change the default a
328. out specifying the Base Date an Accept ance Advice in an MT 499 format will be generated When you enter the Base Date for the bill the Acceptance Advice will be generated in an MT 412 format Tenor Days Usance bills are generally associated with a tenor The tenor of a bill is always expressed in days The tenor that you specify for a bill should be within the minimum and maximum tenor specified for the product to which the bill is linked The standard tenor defined for the product associated with the bill is defaulted You can change the default and specify a tenor to suit the bill you are processing If the product to which he bill is associated is defined with the standard tenor as zero you need to specify the maturity and the expiry date of the bill If you attempt to save the bill without entering the expiry or maturity date you will be prompted for an override Note The tenor of a sight bill is always defaulted to zero days You do not have an option to change it Transit Days The transit days refer to the notional period for the realization of the proceeds of a sight or matured usance bill The transit days will be used in the computation of the maturity date of the bill Maturity Date The maturity date is the date on which the bill falls due for payment The maturity date is calculated in the following manner based on the entries made to the previous fields Maturity Date Base date Tenor Transit day
329. pecify the loan value date as 1 day prior to the debit value date so that the system will create the loan having 1 day as tenor as of that date and will mature on the debit value date Maturity Account You should specify the settlement account for the loan You can choose a valid account number from the list of values that is available Event Sequence Number The system displays the event sequence number Customer The system displays the contract customer ID Customer Name The system displays the contract customer name Currency Description The system displays the description of the currency a9 ORACLE 5 3 27 5 3 27 1 Units Specify the units in which the tenor is specified Maintaining Charge and Profit Components In the Islamic Bills and Collection Contract Details screen click Drawer Drawee IC link to invoke the Drawer Charges screen In this screen you can define the charge and profit components at the time of initiation of contract Drawer Charges Contract Reference Start Date mie Charge Profit Details 1 Profit Rate Component Profit Basis Actual365 Component Description Profit Amount Component Currency Waive No Profit Details 2 Profit Rate Component Profit Basis Actual 365 Component Description Profit Amount Component Currency Waive No Profit Details 3 Profit Rate Component Profit Basis Actual 365 Component Description Profit Amount Component Currency Waiv
330. period The compensation profit will be calculated for the entire period it has been outstanding that is from the date the payment was due Note The compensation type Profit Components of a bill will become applicable after the To date No of Grace days for compensation defined for the bill Allow Prepayment Indicate if the prepayment for the bill is to allowed or not Refund Profit Check this box to refund profit for the following e Reduction of Bill Amount as Rebate e Reduction of Maturity Date e Back dated liquidation e Early Liquidation Recovery Profit Rate Specify the recovery profit rate to capture profit rate during refund of profit due to rebate Recovery Profit Rate Code Specify the recovery profit rate code Note If the recovery profit rate and recovery profit code is not specified then the rate applicable for the profit component is considered as recovery profit rate Acceptance Commission Details For Incoming Bills in Acceptance stage you can specify the dates for calculating the commission components From Date Indicate the From Date To Date Indicate the To Date Based on the preferences for acceptance commission the system calculates the commission ORACLE e Incase the Acceptance commission is collected in Advance the system liquidates the commission during the INIT event e Onmoving a bill from acceptance to advance the pending accruals are passed as part of Ac
331. plicable to the product you are creating The instructions including the other details that you define for it will be defaulted to all bill contracts involving this product aan ORACLE However while entering a bill involving this product you can add to or delete from the defaulted list of instructions Specifying if the Instruction should Appear in the Advices Sent for the Bill You have the option to specify whether the instruction is for the internal reference of your bank or should it appear on the advices generated for the bills linked to the product If you do not specify an advice code for an instruction it is treated as an internal instruction If the Instruction is to appear on the advices you can specify the advice on which the Instruction should be printed You can select an advice code from the list of the advices in the Advices screen After you have specified details of the Instructions applicable to a product click add icon to add it to the list of instructions for the product Click delete icon to delete an instruction from the screen Specifying Documents for a Product In addition to the Instructions and FFTs that you specify for a product you can also specify the documents and clauses Click the Document button to invoke the Islamic BC Document screen to specify the documents and clauses applicable to the product you are creating The documents that can be associated with a bill are broadly c
332. plit amount and split tenor e Thesub components are processed with the corresponding split amount and split tenor to get floating profit rate e If customer Margin is maintained for the customer and currency combinations then the system will process the bill amount for each split to derive the customer margin to be applied for the profit component calculated for the respective split Handling Refund of Financ Oracle FLEXCUBE facilitates refund of finance for the following Reduction of Bill Amount for a Split Reduction of Maturity Date for a Split Liquidation of a Split prior to its maturity date Back dated Liquidation of a Split e The system calculates the finance amount for refund for the respective split based on the serial number of the split changed Effective Finance Rate amp Discount Accrual If a Finance component is marked as discount then the system calculates the effective finance rate and the daily discount accrual based on the intermediate cash flows for different tenors and amount dues a4 ORACLE 5 3 15 3 5 3 15 4 5 3 16 Amending Multi Tenor Bills After a multi tenor contract is authorized for the first time addition and deletion of splits is disabled However Bill amount of the Multi Tenor Bills can be amended at the initial stage using Bills Online Screen Also you can amend rebate amount at the split level at the final stage To amend bill amount the changed amount needs to be
333. ponent Description Currency Accrued all Event Event Description Waiver Accrual Required a Spread ae Denominator Basis a ee Basis 366 l inimum S Margin Minimum Spread Grace Period Maximum Spread Saas Customer Margin F Discount No Interest Rate Rate Code Floating Rate Details Interest Basis a Rate Calculation Type oy v Reset Tenor Code Usage v Indicator For more details on viewing Profit Details refer Interest User Manual under Modularity ont ORACLE 5 3 22 Viewing Charge Details Click the Charges button from the Islamic Bills and Collections Contract Detailed screen to invoke the Charge Details screen Charge Details x Contract Reference Charge Association 1 Of 1 Ga E CreationESN Component Rule Description Consideras Discount Waiver Accrual Required a Charge Application 10f1 Go z Creation ESN Component TagCurrency TagAmount Charge Currency Charge Amount Consider as Discour mo a t Charge Liquidation 10f1 Go Event Sequence Number Component Charge Currency Charge Amount Liquidated a For more details on viewing Charge Details refer Charges_Fees User Manual under Modularity aoe ORACLE 5 3 23 Specifying the Tax Details Click the Tax button from the Islamic Bills and Collections Cont
334. put should be null BC XV148 If discrepancy reserve exception tracers are required then tracer fre quency is mandatory should be input and should not be null BC XV149 If discrepancy reserve exception tracers are required then tracer receiver party type is mandatory should be input and should not be null BC XV150 Discrepancy reserve exception tracer receiver party type has not been input in the parties screen BC XV151 Discrepancy reserve exception receiver party type is a walk in cus tomer Tracer medium is mandatory should be input BC XV152 Discrepancy reserve tracer receiver party s media address has not been input in the parties screen BC XV153 Discrepancy reserve exception receiver party type is not a walk in cus tomer Tracer medium should not be input BC XV154 Input to discrepancy reserve exception tracer start date is mandatory BC XV155 Number of discrepancy reserve exception tracers to be sent should be 0 should not be input BC XV156 Reserve release date should not be input if under reserve field is no BC XV157 Reserve release date cannot be later than today s system date BC XV158 Discrepancy approval date cannot be later than today s system date BC XV159 Discrepancy approval date can be entered only after all the outstanding discrepancies have been approved BC XV160 Discrepancy approval fields should be yes if BC contract stage is final BC XV161 I
335. quency is mandatory if tracer required is UP0097 yes BC Acceptance tracer tracer receiver party type is mandatory if tracer UP0098 required is yes BC Acceptance tracer tracer medium is mandatory if tracer required is UP0099 yes BC Acceptance tracer party details not existing for tracer receiver party UP0100 type 1 BC Acceptance tracer tracer medium is mandatory for tracer receiver UP0101 party 1 who is a walk in customer BC Acceptance tracer address details not existing for tracer medium 1 UP0102 and receiver party type 2 BC Acceptance tracer tracer medium should be null for a non walk in cus UP0103 tomer receiver type BC Acceptance tracer previous tracer date or tracer start date cannot be UP0104 null if at least one tracer has been sent BC Acceptance tracer tracer start date cannot be null UP0105 1328 ORACLE BC Acceptance tracer acceptance message date cannot be greater than UP0108 today BC Acceptance tracer non acceptance message date cannot be greater UP0109 than today BC UP0110 Acceptance advice advice receiver party type cannot exist if advice is not required BC UP0111 Acceptance advice advice medium cannot exist if advice is not required BC UP0112 Acceptance advice manually generate field cannot exist if advice is not required BC UP0113 Acceptance advice receiver party type is mandatory if advice required
336. r ence number 1 BC TR003 Failed to get new event sequence number for event 2 for bills amp col lections contract reference number 1 BC TR004 Failed to update number of payment tracers sent for bills amp collections contract reference number 1 BC TRO05 Failed to get end of input for the current branch 13 22 ORACLE BC TRO06 This is an end of day process Cannot process now BC TR007 Failed to update number of payment advices sent for bills amp collections contract reference number 1 BC TR008 Tracers generation process completed BC TR009 Failed to get acceptance fate details for bills amp collections contract ref erence number 1 BC TR010 Failed to update number of release of reserve tracers sent for bills amp collections contract reference number 1 BC TR011 Failed to insert the error code into exception table for the event 2 and bills amp collections contract reference number 1 BC TR012 Failed to log event 1 for bills amp collections contract reference number 2 BC TR013 Failed to populate the handoff table for message type 2 for bills amp collections contract reference number 1 BC TR014 Failed to populate the advice table for message type 2 for bills amp col lections contract reference number 1 BC TR015 Failed to get address details for bills amp collections contract reference number 1 party type
337. r LC FIN DOC Sight only Yes Mandatory If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description CEY Amount Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the charge fee Receivable Fees Receiva currency if it is a Account ble Receivable else equivalent amount of charges fees in Customer Account Currency Real Nostro Dr Nostro Vostro CCY Equivalent Bill amount in the Vostro Settlement currency of the Nostro Vostro Account Account currency Real Customer Cr Customer CCY Equivalent amount of the Bill Account amount being paid in the Cus tomer Account Currency 12 12 ORACLE 12 1 2 6 Con GL Dr CustomerOCU CCY LC OCU decrement entry in tin Account the contract currency This gent entry will be passed only if the Lia Bill is under an LC confirmed bility by the Bank Con GL Cr GL Contingent CCY LC OCU decrement offset tin Offset Account entry in the contract cur gent rency This entry will be Off passed only if the Bill is under set an LC confirmed by the Bank Advices Advice type Advice Description RESERVE_RELEASE Release of Reserve Advice REMITTANCE_LTR Remittance Letter PAYMEN
338. r Reference Operation Source Reference Stage Final Source Code FLEXCUBE ME Details Additional Parties Documents Exception Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Customer Details LBL_LC_CUST Customer ID LBL_LC_CUSTNAME Customer Name LC Reference Party Type Collection Reference Bill Details Currency Outstanding Amount Amount Rebate Amount Amount In Local Currency Transaction Details Base Date Code Transaction Date Base Date Description Value Date Base Date Debit Value Date Tenor Days Credit Value Date Transit Days Maturity Date LC Details LBL_LCISSUEDATE Confirmed Amount LBL_LCAMOUNT Available Confirmed LBL_LC_LIAB_AMOUNT Amount LBL_THEIR_LCREF Unconfirmed Amount Reimbursement Days Available Unconfirmed Amount Liquidation Details Liquidation Amount Their Charge Currency Liquidation Date Their Charge Amount LBL_PRFLIQDMOD Deferred X Events Advices FFT Settlement Split Settlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective Profit Rate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview AllMessages Maker Date Time Status Checker Authorization Status Date Time You need to maintain the following details one ORACLE Specifying the Bill Reference Number In this screen you need to first indicate
339. r Sc 1 Rx OTM DTY x 100 Here e DV Discounted Value e FV Face Value e R Discount Rate e DTM Days to Maturity Number of Days e DTY Number of Days in a year e ORACLE 4 6 1 11 4 6 1 12 4 6 2 In the True Discounted method the profit will be computed on the discounted value and not on the Bill Amount Note This option will be available for selection only if you choose the Profit Collection Type as Advance Specifying Charge Claim Advice Claim Advice in Swift Check this box to indicate that the Charge Claim Advice CHG_CLAIM_ADV that gets generated as part of LQ EOD batch should be in Swift MT799 MT499 Format Specifying Brokerage Preference Allow Brokerage Check this box to indicate that brokerage should be applicable to all the contracts under this product Specifying Profit and Charge Details Click the Profit and Charge Details tab to specify the profit and charged details Islamic BC Product Preference Product Code Product Description Main LAOLE UC Renee Cee el LBL_PROFITCOMPONENTS Start Day Grace Days Start Month LBL_ALLWPREPAY1 Frequency Monthly LBL_PROFITCOLTYPE Advance Arrears Forfaiting LBL_FORFAITPRFTCOMP Tenor in Days Minimum Maximum Standard Transit Days Rate Code Rate Code Buy Sell Rate Mid Rate Free Collection Exchange Rate Default Rate Type Override Variance Limit Maximum Variance Their Charges 1 Of
340. r the license amount utilized Note If the license utilization basis is Quantity then the system defaults the License Amount Uti lized as Quantity Utilized Rate Unit Qty License Amt Reinstated Specify the quantity or the license amount reinstated Note Ifthe License Amount Utilized is maintained for an goods code of an import license then the system allows reinstatement of the license amount The Qty License Amt Reinstated should be less than or equal to the sum total of Qty License Amount Utilized Qty License Amt Reinstated You can enter either Qty License Amount Utilized or Qty License Amt Reinstated for a goods code 299 ORACLE 5 3 26 Note If the good is classified either as Licensed or as Prohibited and the import licence details are not entered in the LC or BC contract screens then the system displays an override message as Import license details are not entered for the contract After authorization you cannot modify or delete import licenses linked to an Islamic BC contract Maintaining Preferences for Finance From the Islamic Bills and Collections Contract Input Detailed screen click Finance Preference button The Finance Preference screen is displayed In this screen you can maintain the details for the finance Loan or Finance Preference Contract Reference Latest ESN Contract Currency Product Counterparty Currency
341. ract Detailed screen to invoke the Tax Details screen Tax Details Contract Reference Tax Scheme Description E Waive All Basis Component 4 Amount Details Value Date Transaction Date Currency Event Sequence Number For more details on specifying Tax Details refer Tax User Manual under Modularity IPE ORACLE 5 3 24 5 3 25 Specifying the MIS Details Click the MIS button from the Islamic Bills and Collections Contract Detailed screen to invoke the MIS screen Contract Reference MIS Group C Link To Group Input Link To Group Related Reference Related Account Rate Code Related Account Related Reference Spread MIS Head Rate Type Interest Method Cost Code 1 Pool Code Refinance Rate Cost Code 2 Contract Level Pool Code Cost Code 3 Cost Code 4 Cost Code 5 Transaction MIS Composite MIS Fund MIS MIS Group MIS Group MIS Group Refer the Products User Manual under Modularity for further details on capturing MIS details Utilizing Import Licenses You can link the import license to an import Islamic BC contract and update the utilization amount or quantity for the linked import licenses Click on Import License to invoke the import license screen import License Import License 1 Of 1 Go mimp T Impor License No Goods Code Goods Shor
342. rations on the Document Maintenance SCree n 1 ccccccccccettteeeeeees 3 4 33 Maintaining Goods rraaara tidtlenden teenies TE nectar aed 3 4 3 3 1 Specifying Goods Details sssrinin nidii akiki Eo E 3 5 3 3 2 Specifying Values for the UDF preperine en enn E EEE an 3 6 3 3 3 Operations on the Goods Commodity Maintenance Record c 000 3 7 3 4 Maintaining Instruction Codes 2 0 00 eccceeeceeeeeeeeeeeeeeeeeeeeeeeeeeeeeseeeeeeeeseeeaaeeeeeeeaaaeees 3 7 3 4 1 Specifying Instructions Code Details ccccccccecceeeteeeeeeeeetnteeeeeeetneeeeeneeas 3 8 3 4 2 Specifying Values for the User Defined Fields ccccccteceeenneeeeeeeenee 3 8 3 4 3 Operations on the Instruction Code Maintenance Record 0000 3 9 3 5 Maintaining Free Format Texts FFT ecccceeceseeeeeeeeeceeeeeeeeseeeeeeeeseeeeeeeseenanes 3 9 3 5 1 Specifying Values for the User Defined Fields ccccccccieeeeeetntteeeeeeees 3 11 3 5 2 Operations on the FFT Maintenance Record 22 1cccccceeeeteeeeenesteees 3 11 3 6 Maintaining Discrepancy Codes ccc ceccceceeeeeeeeeeeneeeeeeeeeaaeeeeseenaeeeeseenaeeeeeeenaaes 3 11 3 6 1 Specifying Values for the UDFS ccccccesceteeeeeeeeeteeeeeeeeeeteeeaeeeeetenaaeeees 3 13 3 6 2 Operations on the Discrepancy Code Maintenance Record 0 3 13 3 7 Maintaining Insurance Company Details ecceeecceeeeeneeeeeeeneeeeeeeeeneeeeeeeeaees 3 13 3 7 1 Specifying Value
343. reates a loan for the shortfall amount If there is no sufficient balance available in the customer s account even after considering the OD limits then the loan will be created for the entire Bill Liquidation amount Check this box to verify the customer balance and in turn to create the loan for the shortfall amount during liquidation You can also amend the settlement account Note This field is enabled only if the Advance by Loan field is checked The customer balance check and loan creation is not applicable during Auto liquidation and will be applicable only for Manual Liquidation Use LC Reference in Message Choose the Use LC Ref in Messages option if you would like to furnish the Related LC Reference Number in the messages generated for the bill If you do not choose this option Field 20 of the SWIFT messages and the mail messages generated for the bill will furnish the Bill Reference Number LC Detail in Payment Message If this option is checked then MT 756 Advice of reimbursement or Payment is generated with tag32B containing the LC Contract Currency and Amount Available for Rediscount A discounted bill which is in the final stage can be made available for re discounting You can indicate that a bill is eligible for rediscounting by checking the field The discounted bill will be reported available for rediscounting when they are in final stage but not yet matured Note No processing will be do
344. reating a product or at the time of entering the details of a bill instead of specifying the Instructions required under a bill you need to only specify the code assigned to the instruction The instruction details will be automatically picked up and defaulted Language Code Specify the language code using which all the correspondences with the party should be carried out Click the adjoining option list icon to view the list of available language codes Instruction Text After assigning a code to identify an instruction you can proceed to maintain the description of the instruction The contents of the instruction that you define can contain text up to six thousand five hundred characters Specifying Values for the User Defined Fields You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields and then Function field mapping The value for these fields can be specified in the Branch Parameters Maintenance screen Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen After making the required mandatory entries save the record Click the Exit button to exit the screen Operations on the Instruction Code Maintenance Record On an existing Instruction Maintenance record you can perform any one of the following operati
345. rency Real GL Cr Bills CLFA CCY Bill amount in the contract Con Account currency tin gent Asset Real GL Dr CLFA Offset CCY Bill amount in the contract Con Account currency tin gent Offset 1235 ORACLE Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 5 REGN Contract Registration 12 1 5 1 Incoming Outgoing Collection 12 1 6 12 1 6 1 Stage Clean Doc Sight Usance Bill Under LC REG Incoming CLE Sight Usance Not applicable REG Incoming DOC Sight Usance Optional REG Outgoing CLE Sight Usance Not applicable REG Outgoing DOC Sight Usance Optional Accounting Entries None Advices None BDIS Discounting Incoming Acceptance to Discount Documentary Stage Clean Doc Sight Usance Bill Under LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIC Type Cr Description CCY Amount Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or Fees charges fees in the Receivable Receivable charge fee currency if it is a Account Receivable else equivalent amount of charges fees in
346. report Body of the Report The following details are displayed as body of the generated report Field Name Field Description Bill Reference Number Indicates the reference number of the bills covered in the report Currency Indicates the currency in which the bill amount is expressed Bill Amount Indicates the outstanding bill amount Tenor Indicates the tenor of the report Base Date Indicates the base date of the bill Maturity Date Indicates the date of maturity of the bill Discounted Amount Indicates the discounted amount of the bill 10 32 ORACLE Liquidated Amount Indicates the liquidated amount of the bill User Defined Status Indicates the user defined status of the bill Status as on Date Indicates the date of status update of the bill 10 33 ORACLE 11 Annexure A Free Format Texts FFTs This annexure contains details of the FFTs that are pre shipped The following details of the pre shipped FFTs have been detailed e The code assigned to the FFT e The advice or message that it can accompany e Whether the FFT is mandatory for the processing of the bill Optional FFT code used Mandatory Advice code Message type SNDRRCVRINFO O ACKNOWLEDGEMENT SNDRRCVRINFO ACCEPTANCE_ADV SNDRRCVRINFO PAYMENT_TRCR SNDRRCVRINFO ACCEPTANCE_TRCR SNDRRCVRINF PRINCIPAL_FATE ADVFATEPQRY ADV
347. report is to be generated in initial or final stage of contract You can also generate the report for both the stages 103s ORACLE Product Selection Indicate whether the report should be generated for a specific product code or for all product codes If you choose Specific Product Code you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Date Selection You can specify the date range for generating the report In the report the system will include the transactions entered during the date range specified here You can specify the date range using the following fields Transaction Date From You can specify the date range for generating the report Select the start date of the transactions Click the calendar icon to select a date Transaction Date To Select the date to which the maturity of the contract is valid Click the calendar icon to select a date Specify the print options and click OK button to generate the report Contents of the Report The selection options that you specified while generating the report are printed at the beginning of the report Header The Header carries the title of the Report information on the branch code the branch date the user id the module name the date and time at which the report was generated and the page number of the
348. ring EOD di ORACLE 5 5 9 operations when a contract that is not authorized has to be deleted and the user who input it has left office for the day You can invoke the Islamic Bills and Collections Contract Reassign screen by typing IBDTREAS in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button The operations for which you have access rights will be displayed Reassign E New E3 Enter Query Reassign User Prior To Authorization Product Code Contract Reference Current User Identity New User Identity Maker Date Time Checker Date Time Status Authorization Status To reassign a contract to another user the following steps are required e Step 1 Indicate the product associated with the bill You can select a product code from the option list which contains a list of the authorized products that you have created e Step 2 Indicate the contract reference number of the bill you wish to reassign to another user You can select a reference number from the option list which contains a list of all the active bills e Step 3 Select the User ID of the user to whom you are assigning the contract Note This user to whom you reassign a contract should have access rights to enter bill con tracts Your User ID will be defaulted from the login screen Click the Exit button if you do not want to save the details that you entered Specif
349. ring the details of a bill instead of specifying the discrepancy codes applicable to a bill you need to only specify the code assigned to the on ORACLE 3 6 1 3 6 2 discrepancy The details maintained for the discrepancy code will be automatically picked up and defaulted Language Code Specify the language code using which all the correspondences with the party should be carried out Click the adjoining option list icon to view the list of available language codes Description After you have assigned a code to identify a discrepancy you can proceed to maintain the description of the discrepancy The contents of the discrepancy that you define can contain text up to six thousand five hundred characters After making the mandatory entries you can save the record On saving the record your User ID will be displayed in the Input By field at the bottom of the screen The date and time at which you saved the record will be displayed in the Date Time field A record that you have created should be authorized by a user bearing a different login ld before the EOD is run Once the record is authorized the Id of the user who authorized the record will be displayed in the Auth By field The date and time at which the record has been authorized will be displayed in the Date Time field positioned next to the Auth By field The status of the record will be displayed in the check box marked Authorized The field will remain unchecked unti
350. rized e Bills for which you have specified automatic change from acceptance to Advance On moving a bill from acceptance to advance the accounting entries passed for the event Change from Acceptance to Advance BADV will be automatically passed Automatic Generation Advices In the BOD Advice Generation screen you can e Indicate whether reimbursement claims should be generated for the bills and e Manually generate a Payment due Advice Automatic Generation of Reimbursement Claims Reimbursement claims Claim MT 742 are automatically generated for export bills under LCs with deferred payment based on the generation preferences that you specified while processing the bill However for reimbursement claims to be automatically generated as part of BOD you need to check against the reimbursement option in this screen Automatic Generation of a Payment Due Advice Payment due advices are automatically generated at BOD for incoming collections based on the preferences that you specify in the IBC Product preferences screen any ORACLE 10 1 10 2 10 Reports Introduction Information about Islamic Bills and Collections can be retrieved as a report When you seek information in the form of a display on the basis of certain parameters you generate a report Typically you would query the system to provide your customer with immediate information List of Bills with Pending Document Report
351. roduct Specifying the Exchange Rate Maintenance Details In this section specify the following information Basis Amount You can maintain the different amount slabs in this field Specify the lower limit of the amount slab here Note For the first slab the floor basis amount will always be maintained as zero Basis Amount To Specify the upper limit of the slab The upper limit of the previous amount slab gets defaulted as the Floor Basis Amount Click the option list to capture each subsequent amount slab Currency Rate Type You can associate a different exchange rate type with each cut off amount slab that you have maintained All authorized and active rate types defined in your system are available in the option list Select the appropriate rate type for each amount slab Specifying Values for the User Defined Fields You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields and then Function field mapping The value for these fields can be specified in the Branch Parameters Maintenance screen 219 ORACLE Note Value for UDF can be made mandatory or non mandatory as maintained in the Field de scription screen Click the Exit button to exit the screen ot ORACLE 4 Defining the Attributes of an Islamic Bills and Col 4 1 lec
352. rporation and its affiliates will not be responsible for any loss costs or damages incurred due to your access to or use of third party content products or services Contents Preface Sones eS Sa nee es Re 1 1 We UMTMOMUGHON pp ctecte He bvsccet hecbt see E E E E 1 1 V2 PAUGION CO oana e a A E tt habia E T ea eina A AE 1 1 1 3 Documentation Accessibility 0 00 0 ccccceeeeeeecneeeeeeeeneeeeeeeeneeeeeesaeeeseeeiaeeeeeeeaes 1 1 TA Organizat aatar aae tea teak ARA haste sage ETE AEEA 1 1 1 5 Related DOCUMEOMHS ororena a Ea EA E R E 1 2 Te Glossary otlConsis ia a E E tii a ea ean 1 2 Islamic Bills and Collections An Overview sssssssssnsesensessnrnnnnnnnnnnnns 2 1 214 Introduction ites ieee eect landee AAE EA E A A AA 2 1 2 2 FOAUICS ere e a A a A 2 1 2 3 Operations You can Perform on a Islamic Bill nnnnneneeeneeennrennnennseesenrrrnrrnneenne 2 2 2 4 Profit and Charge Liquidaties akeen a E a 2 4 Islamic Bills Maintenance cccccecceeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeenennees 3 1 3 1 IMtRODUGHI ON asi eiir ii eae ici Seas eee tev eee 3 1 3 2 Maintaining Documents and Clauses 000 00 ceeeceeeeeeeeeeeeeeeeeeeeeseeeaeeeeeseeaaeeeeeeeaeeees 3 1 3 2 1 Specifying the Document Detalls ccc tee eeeteteeeeeetntteeeeeetnaeeeenenae 3 2 3 2 2 Specifying Clause Details sesio r reie ora E EEEE E ES 3 3 3 2 3 Specifying Values for the User Defined Fields ccccccccteeceeentteteteeenes 3 3 3 2 4 Ope
353. rrency tingent Real GL Dr CLFA Offset CCY Bill amount in the con Con Account tract currency tingent Real Nostro Vos Dr Nostro Vostro CCY Equivalent Bill amount tro Settlement in the currency of the Account Nostro Vostro Account currency Real Customer Cr Customer Set CCY Equivalent Bill amount tlement in the Customer Settle Account ment currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Outgoing Acceptance Clean Stage Clean Doc Sight Usance Bill Under LC FIN CLE Usance only Not Applicable Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Fees Receiva ble Type AIG Type Cr Description GEN Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CCY Equivalent amount of Account charges fees in the charge Charges or gies Receivable fee currency if itis a Account Receivable else equivalent amount of charges fees in Customer Account Currency 12 30 ORACLE 12 1 3 16 Real GL Cr CLFA Account CCY Bill amount in the contract Con currency tingent Real GL Dr CLFA Offset CCY Bill amount in the contract Con Account currency tingent Real Nostro Dr Nostro Vostro CCY Equivalent Bill amount in Vostro Settlemen
354. rty type of the previous Drawee to Prev Drawee and select a new drawee from the option list Note You can use a particular CIF ID only once in a bill that you process The details on central liability tracking that feature on this screen have been covered in the chapter titled Specifying Central Liability tracking details var ORACLE Limit Specify the following details Operation When you click Default button the system defaults the operation specified in the main screen Party Type This indicates the type of the party whose credit limits need to be tracked If you click Default button in the first row the system defaults the party type based on the details maintained under Parties tab of Islamic BC Contract Details screen However you need to make sure that the mandatory party details have been maintained under Parties tab of the screen When you add another row to the list you can manually select the party type as required If you leave it blank the system will automatically update the party type when you save the contract Customer No Specify the customer number of the party whose credit limits need to be tracked The option list displays the customer numbers of all the parties selected under Parties tab Choose the appropriate one You need to make sure that the customer number corresponds to the party type selected above If the customer number and party type do not
355. s Liquidation Amount Their Charge Currency Liquidation Date Their Charge Amount LBL_PRFLIQDMOD Deferred X Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Date Time Customer Details The bills that you process can be raised against an Islamic LC drawn at an earlier date by another bank or by your bank itself or the bill might have come to you for collection LCCustomer Specify the customer in whose name the LC was drawn LC Customer Name Specify the LC customer name LC Reference If the export or import bill is under an LC that was advised or issued by your bank you can enter the Reference number assigned to the LC by your bank The option list displays all the available LC contract reference numbers along with the respective user reference numbers If the LC module of Oracle FLEXCUBE has been installed at your bank you can enter the contract reference number assigned by the system to the LC In which case the following should be true of the LC e The status of the LC should be open e t should be authorized e The amount for which the bill is raised should be available under the LC vt ORACLE Not
356. s You can change the maturity date of a bill that is arrived at using the above method However the maturity date that you specify should be later than or equal to the Value date specified for the bill Note For an IBC product under which you may be creating a contract here you may have cho sen the Consider as Discount option specified through the ICCF Details screen and you may have specified the profit collection method to be advance specified through the a ORACLE Islamic Bills and Collections Product Definition Preferences screen In such a case you cannot change the Maturity Date here Transaction Date The transaction date is the date on which the bill was entered into Oracle FLEXCUBE The system automatically defaults the transaction date to today s date You cannot amend or change the date that is defaulted Value Date The Value date of a bill is the date from which a bill becomes effective The accounting entries triggered off by events like input amendment and liquidation hitting the Nostro and the customer accounts will be passed as of the value date The Value date should be earlier than or the same as today s date The Value date can be one of the following e Today s Date e A date in the past e A date in the future you can enter a date in the future only if future dating has been allowed for the product If you do not enter a value date for a bill the system defaults
357. s arrived at its destination e Besides these details you can also specify details like Was trans shipment allowed Was partial shipment of the goods allowed A bill is an instrument of payment for trade transactions Trade transactions involve goods that are transported from one destination to another You have maintained the list of standard goods that are traded in the Goods Maintenance screen Goods Code and Description After you select the code that identifies the goods its description which contains details of the merchandise traded will be picked up and displayed automatically You can edit the description that is defaulted to suit the requirements of the bill you are processing Your can also enter specifications such as the quality and quantity of the merchandise If the Islamic LC module of Oracle FLEXCUBE has been installed at your bank and the bill is under an Islamic LC the goods will be defaulted when you specify the reference number of the related Islamic LC You will however not be able to amend the list of clauses defaulted from the related Islamic LC Exception Tab Tracers are reminders sent to various parties involved in a bill indicating that an exception that has occurred while processing the bill ane ORACLE 5 3 6 1 To specify the tracers that should be generated for each exception click on the tab titled Exception in the Islamic Bills and Collections Contract Detailed
358. s calculated in the following manner based on the entries you have made to the previous fields Maturity Date Base date Tenor Transit days You can change the maturity date of a bill that is arrived at using the above method ae ORACLE 8 2 1 Base Date Description Here you can specify a description of the base date specified in the earlier field For example you can indicate that the base date is the lodgment date or the shipment date etc Liquidation Date The liquidation date is the date on which the bill was entered into Oracle FLEXCUBE The system defaults the liquidation date to the current system date today s date You cannot amend or change the defaulted date Value Date This is the date from which the bill becomes effective The accounting entries triggered off by events like input amendment and liquidation hitting the Nostro and customer accounts will be passed as of the value date The value date should be earlier than or same as today s date If you do not enter a value date for a bill the system defaults to today s date You can enter a value date of your choice however it can be one of the following e Today s Date e A date in the past e A date in the future you can enter a date in the future only if future dating has been allowed for the product Note The Value date of a bill should not be earlier than the Start Date or later than the End Date specified for the product involved in the bi
359. s credit limits tracking record for party exist BC XV098 If payment exception tracer is not required then tracer frequency should be 0 BC XV099 Payment exception tracer required field has an invalid value should be not required required till resolved only BC XV100 If payment exception tracer is not required then tracer receiver should be not input should be null BC XV101 If payment exception tracer is not required then tracer medium should be not input should be null BC XV102 If payment exception tracers are required then tracer frequency is mandatory should be input and should not be null 1334 ORACLE BC XV103 If payment exception tracers are required then tracer receiver party type is mandatory should be input and should not be null BC XV104 Payment exception tracer receiver party type has not been input in the parties screen BC XV105 Payment exception receiver party type is a walk in customer Tracer medium is mandatory should be input BC XV106 Payment exception receiver party type is not a walk in customer Tracer medium should not be input BC XV107 Input to payment exception tracer start date is mandatory BC XV108 Number of payment exception tracers to be sent should be 0 should not be input BC XV109 Date of protest for non payment should not be input if bill is not under protest BC XV110 Payment tracer receiver party s media address
360. s different from the currency of the deposit or account to which it is linked the mid rate for the day will be picked from the Exchange Rate table and displayed in the screen Linked Amount In this screen you should also indicate the contract amount that has to be linked to the deposit or account This amount can be the entire bill amount or a portion of it The Amount Available for Linkage in the specified deposit or account is arrived at taking into account the other linkages and uncollected funds and the unauthorized balance in case an account The system will display the following amounts once you specify the Linked Amount e Amount linked to each contract or account e The contract amount that has not been linked in the case of a partial linkage Linking a Bill to an FX Deal Oracle FLEXCUBE allows you to link a bill involving a specific counterparty with FX deals involving the counterparty This feature guards you against exchange rate fluctuations For instance in case cross currency settlements are made for a bill you would typically enter into a forward deal with the counterparty or ask the counterparty to enter into a forward deal 28 ORACLE Click the FX Linkage from the Islamic Bills and Collections Contract Detailed screen to invoke the FX Linkage screen FX Linkage Trade Reference Event Sequence Number 1 084 ia FX Reference Transfer Amount Amount You can lin
361. s for the UDFS ccccccccscccecesteeeeteeeneeeeeteeaaeeeeeseeaaeeees 3 15 3 7 2 Operations that You can Perform on a Insurance Company Record 3 15 3 8 Application of Exchange Rate Type based on Transaction Amount 005 3 15 3 8 1 Specifying the Exchange Rate Maintenance Details cceeee eee 3 17 3 8 2 Specifying Values for the User Defined FieldS ccccccceeteeeeetntteeeeeees 3 17 Defining the Attributes of an Islamic Bills and Collections Product 4 1 AT Introductions renean Wee aaah Gti ani ein arent 4 1 4 1 1 Defining Characteristics for a PrOQUCE cccceeeeeeettteeeeetnteeeeeeettaeeeeetens 4 2 4 2 Specifying the Role Details cece eeeeneeeeeeeenceeeeeeeaaeeeeeeeaeeeeseeneeeeeeeeaas 4 7 4 3 Specifying Event Details 2 0 cece ee eeeeene eee eeeeaeeeeeeeeaeeeeseeaaeeeeeeenaeeeeeeeaes 4 9 44 Specifying Branch Details eee cece etter eee eceeeeeeeeeeeeeeeaeeeseeeaeeeeseeaaes 4 9 4 5 Specifying Customer Details reiese arrera rarena ERI AAA AEAEE ESATIA EAA EERTE EEA 4 10 4 6 Specifying Preferences for a Product esssseessssseeessrrresseersnesrirnnesinenneestinnneerennnne 4 11 4 6 1 Specifying Main PreferenceS sseeserssrreeeerresrerrnnnnerrrrnnrrrnnnnneerrrnnrrena 4 12 4 6 2 Specifying Profit and Charge Detallls 000 ccccsccccceseeeeeeeenteeeeeeenteeeeeeees 4 19 4T Specifying The Charges oersnuiiisrin ataa aatia E R Aee aT iraa tei E 4 23 4 8 Specifying MIS Detalls
362. s tracking parameters for the changed contract After you save the changes a BCOL Collection of Bill under Purchase Advance Discount event is passed for the transaction During BCOL event the system will e Reverse all the purchased discounted advanced assets e Execute a complete profit accrual e Pass collection contingent entries e Pass profit liquidation entries if profit collection is of arrears type e If there is any compensation then it will also be liquidated Partially liquidated contracts can also be reverted to collection operation Also this can be done before on after maturity date In case it is done after the maturity date and if there is any compensation due and compensation accounting entries are defined in BCOL event of product then it will liquidate the compensation as well ep ORACLE Limits utilization will get matured on triggering the BCOL event Following are the accounting entries passed during the BCOL Accounting Role Amount Tag Dr Cr Indicator BC CUSTOMER BILL_OS_AMTEQV DR BILLSPURCHASED DISCOUNT BILL_OS_AMTEQV CR CONT GL BILL_OS_AMTEQV DR CONT OFFSET GL BILL_OS_AMTEQV CR BC CUSTOMER INT_LIQD DR RECIEVABLE GL INT_LIQD CR BC CUSTOMER PENINT_LIQD DR RECIEVABLE GL PENINT_LIQD CR Note Last two entries of profit liquidation should be defined only for arrears type collection prod ucts Following are the accounting entries passed during LCOL
363. s under Islamic Letters of Credit MIS Report 0 eeee 10 28 10 16 1 Contents Of the REPOST cccceceeeeeeeeecaeeeeeeeeeeeeeesececensenneaeeeeeeeeeeeteees 10 28 10 17 Unaccepted Import Collection Outstanding Documents Report 000 10 29 10 17 1 Contents Of the REPOS esten e e aaa e 10 30 11 Annexure A aiapeod aei aaeeio eda aAa a aapa anaia aa EL waeacacatencteneatas 11 1 TET Free Format Texts FFTS iringasirninniidioiiiirid is fete ated 11 1 1P E KUO e E E T T TT 12 1 12 1 Suggested Accounting Entries and Advices for Islamic BillS eee 12 1 12 1 1 BOOK Booking aor E A ais 12 1 12 452 ANPE PNU oartsen ine A ARE AEN i eA e AE REA dee aie 12 8 12 1 3 LIQD Contract Liquidation 22 cccccceeeeececceeceeeeeeeeeeetecneesnnsaeeeseeeeeeteess 12 20 12 1 4 CLOS Contract CIOSUIC 0 1 1 cccccccccceeeecenennecaeceeeeseeeetesteteestianeeteeseeettess 12 33 12 1 5 REGN Contract Registration seniri reiirerarrieviai reier inia Ea 12 36 121 0 BDIS DISCOUNTING arre an er E NAE A A A 12 36 12 1 7 BACP Bill ACCOPtanCe a a a eaaa aa E aa itia 12 40 121 8 REVR R v rsal reia eee a ei an eae es heels 12 40 12 4 9 All Bi PROGUCHS oare oeeaaeaii eaea EAA E E dade EARE SAR 12 40 12 1 10 ACCR Profit ACCIUAI 22 21 cccccececeeceecnnecaeceececeeeeeeetescaaeeaanaeseeeeeseeentees 12 41 12 41 11 REAS R assiQnment ixi i A A EA 12 42 12 1 12 ADIS Approval Of Discrepancies 1 1 ccccccccceee
364. screen Contract Details re E New amp Enter Query Product Code Characteristics Product Description Fund ld A pe Contract Reference Session Nears i of b User Reference Operation Source Reference Stage Final X Source Code FLEXCUBE Main Details Additional Parties Documents C Discrepancies Rollover Drafts Insurance Invoice Packing Credit Purchase Details Multi Tenor Pay Exception Fate Pay Tracer Required NotRequired Tracer Start Date Advice Required NotRequired Tracers To Be Sent Previous Tracer Date Advice Medium Tracer Medium Next Tracer Date Previous Date a Tracer Frequency Pay Message Date Advice Sent Tracer Sent Non Pay Message Date Next Advice Date Tracer Receiver Under Protest Receiver of Advice Manually Generate Protest Date C Manually Generate Acceptance Exception Advice of Fate Acceptance Tracer Required NotRequired v Tracer Start Date Advice Required NotRequired Tracers To Be Sent Previous Tracer Date Advice Medium Tracer Frequency Next Tracer Date Previous Date Tracer Sent Acceptance Message Advice Sent Tracer Medium A gt Next Advice Date on Acceptance Tracer Receiver Message Date Receiver of Advice 5 E Manually Generate Protest Date Manually Generate Under Protest 3 m e Events Advices FFT Settlement Split Settlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details
365. scription az 2 Maker Date Time Checker Date Time Status Authorization Status Unauthorized Specify the following details Contract Reference Specify the contract number for which you are maintaining the document details You can also select the contract details from the adjoining option list The list displays all the authorised contracts maintained in the system Latest Event Sequence Number The system displays the latest event number Branch Code The system defaults the branch code Click the Default button to display the documents details maintained for the contract Document Details Tab Specify the following details Document Details Specify the following document details e Document Code the document code oa ORACLE 6 5 2 e Description the description of the document code e Document Type the type of document e First Mail Original the first original mail e Second Mail Original the second original mail e First Mail Copy the first mail copy e Second Mail Copy the second mail copy e Reimbursing Bank Copy the reimbursing bank copy e Document Reference the document reference number e Document Date the document date e Covering Letter Reference the covering letter reference e Covering Letter Date the covering letter date Clause Details There are some standard clauses which should appear on the documents t
366. split by default If both the split and bill amount are maintained then the system recalculates the bill amount based on the split maintained Bill Amount System calculates and displays the bill amount of the bill based on the split maintained however you can directly specify bill amount if needed Note If you specify bill amount and split is already maintained then the system recalculates the bill amount based on the split maintained Discount Amount Specify discount amount of the bill discounted by the bank if a multi tenor contract operation is maintained as Discount directly or when the multi tenor contract operation is changed from Collection or Acceptance to Discount due to amendment You can specify the discount amount for each split however it is mandatory to specify at least for a single split aod ORACLE Rebate Amount Specify amount which you need to reduce as a rebate from the split amount during amendment of the bill Note You can either decrease or increase bill amount at the initial stage however at the final stage you can only decrease the bill amount and is treated as Rebate given to the cus tomer Exchange Rate Specify exchange rate for each split if the operation Discount or Negotiation and the bill currency is different from the local currency Note The weighted average of the exchange rate maintained for all the spli
367. ssed for the additional profit or excess profit with the specified value date Note You are allowed to delete an amendment only if it is still unauthorized Subsequently the contract will be reinstated to previous state Specifying advices for the amendment The advices defined for the amendment event AMND will be defaulted together with the FFTs and Instructions linked to them While processing a bill you can e Suppress the generation of an advice e Indicate the priority with which the advice should be generated e Indicate the Free Format Texts and Instructions that should accompany the advices In the case of an outgoing bill an MT 430 is sent For an incoming bill an MT 900 is sent to the remitting bank seeking permission for the amendment When the confirmation is received from the remitting bank you can make the necessary amendment Medium If advices are to be generated for the event it is mandatory for you to also specify the medium through which an advice is to be transmitted An advice that is generated can be transmitted Mail TELEX or SWIFT You can select the appropriate medium code from the option list Priority For messages sent through media like SWIFT or TELEX you can specify the priority with which the advice should be generated By default the priority of all advices is marked as Normal You have the option to prioritize advices to one of the following options e Normal e Medium e High
368. st convert the transaction amount into the local currency equivalent using the Standard Mid Rate This is necessary as the cut off amount slabs are maintained in the local currency The system will then validate the converted amount against the different amount slabs to determine the appropriate rate type This is the rate type that will be used for the actual conversion of the transaction currency into the local currency equivalent You can capture the exchange rate types for different amount slabs through the screen You can invoke the Bills and Collections Exchange Rate Type Maintenance screen by typing BCDAMTE in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Exchange Rate E New E3 Enter Query Branch Code AmountTag AIl Module Code Module Product Code Non Module 1 Of 1 Basis Amount Amount To Currency Rate Type Maker Date Time Checker Date Time Mod No Record Status Authorization Status In this screen you can specify the amount slabs for a branch module and product combination Branch Code Module Code and Product Code Combination Each branch of your bank is identified by a unique code All authorized and active branch codes are available in the option list You can select the appropriate branch code from the list Like wise all the modules like Finance amp Deposits Letters of Credit Bills amp Co
369. stration of an Islamic Collection Bill Introduction The details of an Islamic collection bill are captured through the Islamic Bills amp Collections Contract Registration Details screen No accounting entries are passed nor will any charges be levied during the registration of a collection bill A collection bill is registered based on the first set of documents original or duplicate received On registration a Contract reference number is allocated to the bill At the time of processing a collection bill that has already been registered you only need to only specify the collection reference of the bill All the details entered at the time of registration will automatically be picked up and defaulted to the contract main screen Invoking the Registration Screen You can invoke the Islamic Bills and Collections Registration Input screen by typing IBDTRGON in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button The Islamic BC Registration Input screen will be displayed All the operations for which you have access rights under the Islamic BC module will be displayed Select New from the Actions menu in the Application tool bar or click new icon If you are calling a bill that has already been registered click on Summary The details of the bill that you have registered will be displayed in a tabular form From the summary screen you can open an existi
370. supported include Mail Telex and SWIFT The Islamic BC module supports and handles the following functions Open Amend a bill The authorization of bill contracts The reversal and liquidation of profit and charges Customer inquiries The generation of tracers and advices The generation and printing of reports On line help indicates that you can invoke global help by making use of the Help option in the Menu bar You can also invoke on line context sensitive help which is made available to you if you strike the hot key lt F1 gt while in the application A window pops up displaying information associated with the field from which you invoked it Operations You can Perform on a Islamic Bill The operations that you can perform on an Islamic bill depend on the trade finance product type you are processing Further the messages and advices that are generated for the bill are determined by the operation you perform on the bill The profit charges or fees can be different for each operation that you perform on the bill In Oracle FLEXCUBE all types of bills are classified in to two categories They are Import Bills Export Bills ee ORACLE All types of incoming bills international and domestic financed by your bank are termed Import bills Similarly all outgoing bills international and domestic financed by your bank are termed Export bills The operations that you can perform on an Islamic bill hav
371. t Description UoM Currency Qty License Amount Qty License AmtA Import License No Select the import license number from the adjoining option list The import licenses maintained for the party type Applicant in the Import License Maintenance screen is displayed in the option list Goods Code Select the goods code from the adjoining option list Fer ORACLE Goods Short description The system displays the goods code description maintained in the Bills and Collections Commodity Code Maintenance screen UoM Currency The system displays the unit of measurement or currency captured for the goods code of import license Note If the basis is Quantity then the system displays the UoM maintained for the goods code If the basis is Amount then the system displays the currency maintained for the import license Qty License Amount The system displays the Quantity or License Amount captured for the goods code of import license Qty License Amt Already Utilized The system displays the sum total of Quantity or License Amount already utilized for the goods code Qty License Amt Already Reinstated The system displays the sum total of Quantity or License Amount already reinstated for the goods code Available Qty License Amt The system displays either the Available Quantity or Available License Amount for the goods code Qty License Amt Utilized Specify the quantity o
372. t Settlements button in the Islamic Bills and Collection Contract Input Detailed screen On clicking the Split Settlement button if you have checked the Settle Available Amount box in the Additional tab of the Contract screen then the system will check for the customer balance If there is no sufficient balance in the Customer account including the OD limit then the available amount will be adjusted towards the Bill Liquidation Amount Split Settiement Contract Reference Split Settlement 1 Of 1 Amount Tag Basis Amount V E Split Settlement Details 10f1 V Sequence Number Amount Tag Amount Account Currency Get Exchange Rates 5 3 19 1 Basis Details 5 3 19 2 Amount Tag The bill amount tag defined for the current event in the bills contract is displayed here It is picked up from those defined for the INIT event You cannot change them CCY The currencies associated with the amount tags as picked up from the INIT event are displayed here You cannot change them Amount The amount for each amount tag picked up from the INIT event is displayed here You cannot change them Split Details S No The system generates a running sequence number for each split record You cannot modify it The system automatically generates the sequence number on introducing a new split oe ORACLE Amount Tag The selecte
373. t been defined in the parties screen BC XV083 Credit limits tracking has already been defined for some parties BC XV084 Cannot delete party address record as advices to party address already exist BC XV085_ Cannot delete party address record as party address is set to receive all payment tracers BC XV086 Cannot delete party address record as party address is set to receive all advices of payment fate BC XV087 Cannot delete party address record as party address is set to receive all acceptance tracers BC XV088 Cannot delete party address record as party address is set to receive all advices of acceptance fate BC XV089 Cannot delete party address record as party address is set to receive all discrepancy approval release of reserve tracers BC XV090 Cannot delete party record as advice records to party already exist BC XV091 Cannot delete party record as party is receiver of payment tracers BC XV092 Cannot delete party record as party is receiver of advices of payment fate BC XV093 Cannot delete party record as party is receiver of acceptance tracers BC XV094 Cannot delete party record as party is receiver of advices of accept ance fate BC XV095 Cannot delete party record as party is receiver of discrepancy approval release of reserve tracers BC XV096_ Cannot delete party record as address records for party exist BC XV097 Cannot delete party record a
374. t later than expiry date 00052 BC LM The description is not entered 00053 1217 ORACLE BC LM The face value is not entered 00054 BC LM The limit contribution cannot be greater than the cap amount 00055 BC LM Report date should be greater than the date today 00056 BC LM The total issuer exposure should be greater than 100 00057 BC LM Collateral exist with the issuer code Record cannot be closed 00058 BC LM Securities exist with the issuer code Record cannot be closed 00059 BC LM There are collaterals linked to this limit Record cannot be closed 00060 BC LM There are collaterals linked to this security Record cannot be closed 00061 BC LM There are collaterals linked to this price code Record cannot be closed 00062 BC LM There are collaterals linked to this collateral type Record cannot be 00063 deleted BC LM This facility is not available at this branch 00064 BC LM No details exist for the reference number 00065 BC LM Customer clean risk limit cannot be greater than liability clean risk limit 00066 BC LM Customer clean risk limit cannot be greater than overall limit 00067 BC LM Liability clean risk limit cannot be greater than overall limit 00068 BC LM Limit currency is not entered 00069 BC LM Overall limit is not entered 00070 BC LM Liability clean risk limit is not entered 00071 BC LM Line not
375. t sequence number 2 BC AP020 Failed to get record from BCTB_contract_master for bills amp collections contract reference number 1 and event sequence number 2 BC AP021 Failed to get details for the bills amp collections product 1 BC AP022 This process can be run only during begin of day or end of day BC AP023 First run the predecessor process before running this BC AT001 Failed to get exchange rate between 1 currency and 2 currency BC AT002 Failed to convert amount in 1 currency to 2 currency BC AT003 Failed to get accounting entry details for contract reference number 1 and event 2 BC AT004 Failed to do accounting entries for contract reference number 1 event 3 and event sequence number 2 BC AT005 Accounting entries have not been defined for the event 3 No accounting entries have been passed for contract reference 1 event 3 with event sequence number 2 BC AT006 No amount tags present for contract reference number 1 event 3 and event sequence number 2 to send for accounting entries 132 ORACLE BC AT007 Failed during handoff for accounting entries for contract reference num ber 1 event 3 and event sequence number 2 BC AT008 Failed to update tax details after accounting entries for contract refer ence number 1 event 3 and event sequence number 2 BC ATO009 Failed to update settlement details for contract referen
376. t the currency of the Nostro Account Vostro Account currency Real Customer Cr Customer Set CCY Equivalent Bill amount in tlement the Customer Settlement Account account currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Outgoing Discount Documentary Stage Clean Doc Sight Usance Under Our LC FIN DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIG Type Cr Description os ome Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the charge Receivable Fees Receiva fee currency if it is a Account ble Receivable else equivalent amount of charges fees in Customer Account Currency Real GL Cr Bills Dis CCY Bill amount in the contract Asset counted currency Real Nostro Dr Nostro Vostro CCY Equivalent Bill amount in the Vostro Settlement currency of the Nostro Vos Account tro Account currency 12 31 ORACLE Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 3 17 Outgoing Discount Clean Stage Clean Doc Sight Usance Under Our LC FIN CLE Usance only Not Appli
377. te Advice The system displays the date on which the next advice would be sent to the party 3 36 ORACLE 5 3 6 4 5 3 7 5 3 7 1 Manually Generate An advice of fate tracer is generated at the frequency with which the related exception tracer is generated If you want to generate the advice of fate immediately check against manually generate If you do not check against it the message will be generated automatically as part of the end of day processes on the day it falls due Viewing Advice Updates You can visit this screen to view the current status of the advices of fate generated for the bill The system displays the following information e The number of tracers that have been sent to the concerned party till date e The date on which the last tracer was sent e The date on which the next tracer will be generated Discrepancies Tab You can register the discrepancies that you encounter while processing a bill in the Discrepancies screen To invoke this screen click on the tab titled Discrepancies from the Islamic Bills and Collections Contract Detailed screen Contract Details X E New E3 Enter Query Product Code Characteristics Product Description Fundid Contract Reference easan Number a ot el User Reference Operation Source Reference Stage Final Source Code FLEXCUBE Main Details Additional Parties Documents Exception MEE EAEE Rollover Drafts Insurance Invoice Packing Credit Purc
378. ted Reference MIS Head Interest Method Refinance Rate Pool Code Composite MIS MIS Group Default Rate Code Spread Cost Code 1 Cost Code 2 Cost Code 3 Cost Code 4 Cost Code 5 Fund MIS MIS Group Link To Group For an account the transaction type of MIS class will be picked up from the account class along with the cost codes and pool codes The composite type of MIS class will be defaulted from those defined for the customer These too can be changed Maintaining Document Arrival Details Document arrival notice message is generated whenever the documents arrive after the payment is made for a Bill under LI Oracle FLEXCUBE does not allow you to capture the document details of a contract after making a payment in contract online screen Hence whenever the documents arrive after the payment the same details are captured in the Islamic Bills amp Collections Document Arrival Notice Input screen You can invoke this screen 6 9 ORACLE 6 5 1 by typing IBDTRDOC in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The screen is displayed below islamic Bills amp Collections Document Arrival Notice Input Contract Reference Latest ESN Branch Code Ez Document Code Document Type First Mail Original Second Mail Origin 2a 2 lt M Clause Details 1 0f1 Clause Code De
379. that the bills which are processed using this product can be advanced as well Collection to Purchase If you are creating a product with operation type Collection you can indicate that the collection bills processed using this product can be purchased as well Discount To Collection If you are creating an export bill product with operation type Discount click here to indicate that discounted bills processed using this product can be booked for collection also If you select this option you should also maintain accounting entries for the events BCOL and LCOL Purchase To Collection If you are creating an export product with operation type Purchase click here to indicate that purchase bills processed using this product be changed to Collection also If you select this option you should also maintain accounting entries for the event BCOL and LCOL Acceptance To Forfaiting If you are creating an export product of Bills under LC with Tenor as Usance you can indicate that the bills coming under this product can be forfaited by checking this option This option will be available only if the selected operation for the product is Acceptance The system will trigger the event FACP if the bill operation changes from Acceptance to Forfaiting Discount To Forfaiting If you are creating an export product of Bills under LC with Tenor as Usance you can indicate that
380. the bill you are processing As two sets of documents are sent or received for a bill there is a provision to capture details regarding the documents sent in both mails The first set is recorded as Mail and the second as II Mail In this field you can also capture the number of documents issued along with the number of documents required The data is captured in NN MM format where NN denotes number of documents required and MM signifies number of documents issued If the LI module of Oracle FLEXCUBE has been installed at your bank and the documentary bill is under an LI the documents picked up when you specify the reference number of the related LI You will however not be able to amend the list of documents defaulted from the related LI The IBC Contract online function will validate whether the supplied document reference has a shipping guarantee against it This will be done only for import bills and if the Validate shipping guarantee field is checked for the document code in the document codes maintenance aap ORACLE 5 3 5 2 5 3 5 3 The following processing will be carried out after capturing the document reference in documents screen of import bills e Forthe document code Oracle FLEXCUBE will check if the validate shipping guarantee flag is Y in the document code maintenance e lf the above condition is satisfied the system will check if the document reference exists in any of the shipping guarantee for t
381. the collateral expiry 00032 date BC LM The collateral review date cannot be earlier than collateral start date 00033 116 ORACLE BC LM The expiry date cannot be earlier than start date 00034 BC LM The security code is not entered 00035 BC LM The security type is not entered 00036 BC LM The currency is not entered 00037 BC LM The market price details are incomplete Complete delete the market 00038 price details BC LM The line code is not entered 00039 BC LM The computed exposure is not between 1 and 100 00040 BC LM There are active sub lines reporting to this main line Main line cannot 00041 be closed BC LM The last price change date cannot be greater than branch date 00042 BC LM The security code is not entered for the MVBC 00043 BC LM The price code is not entered for the MVBC 00044 BC LM The number of units is not entered for the MVBC 00045 BC LM The collateral CCY is not entered for the collateral 00046 BC LM Security code has not been entered 00047 BC LM The issuer exposure details are incomplete Complete delete the 00048 issuer exposure details BC LM The start date cannot be greater than the branch date 00049 BC LM The last price change date cannot be earlier than start date 00050 BC LM The expiry date cannot be earlier than branch date 00051 BC LM The last price change date canno
382. the con Asset tract currency Real GL Cr Profit Collected in CCY Discounted Profit amount Liabil Advance on Dis in the contract currency ity counted Bills Real Customer Dr Customer Profit CCY Equivalent Discounted Payment Account Profit amount in the Debit Account currency 12 7 ORACLE 12 1 2 12 1 2 1 Incoming Outgoing Collections Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice INIT Initiation Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr arr Type AIC Type Cr Account Description Real Income Cr Charges Fees earned Real Customer Account Receiv Dr Customer Charges or Fees Receiv able able AdvicesIncoming Advance Advice type Description PAYMENT_ADVICE Payment Advice ACKNOWLEDGEMENT Acknowledgment Advice DOC_ARVL_NOTICE Document Arrival Advice ACKNOWLEDGEMENT Acknowledgment Advice REMITTANCE_LTR Remittance Letter Stage Clean Doc Sight Usance Bill Under LC FIN DOC Sight only Yes mandatory Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type AIC Type Cr Description CCY Amo
383. the reference number of the bill on which you want to make the amendment Bill Amount The original bill amount of the bill that you selected is displayed you can amend the amount decrease suitably There is no limit on the number of amendments that can be made to the bill amount for a collection However for the amendment to be effective it should be authorized Value Date The Value date is the date from which the amendment becomes effective The accounting entries triggered off by the amendment event hitting Nostro and other accounts will be passed as of the value date The Value date should be earlier than or the same as today s date The Value date can be one of the following e Today s Date e A date in the past e A date in the future you can enter a date in the future only if future dating has been allowed for the product If you do not enter an amendment value date the system defaults the Bill Value Date Note The amendment value date should not be earlier than the Start Date or later than the End Date specified for the product involved in the bill Debit Value Date and Credit Value Date For amendment related accounting entries hitting nostro or customer accounts you can specify a debit and credit value date that is different from the amendment value date The amendment value date is defaulted as the Debit and Credit value date You have an option to change it to suit the requirement of the bill you are
384. ther the percentages allotted for all brokers together equals to 100 or not Amount in Account Currency The system displays the portion of brokerage amount allotted to the selected broker in terms of local currency Exchange Rate The system displays the exchange rate between the local currency and the account currency This rate is used to convert the brokerage amount into the account currency You can modify the exchange rate Amount in Contract Currency The system calculates and displays the portion of brokerage amount allotted to the selected broker in terms of contract currency Original Exchange Rate The system displays the actual exchange rate This rate is inclusive of all available customer spreads Negotiated Rate Specify the rate of exchange agreed upon after the negotiations with the broker The system will display an override message if the negotiated rate is not within the exchange rate variance maintained at the product Negotiation Reference Number Specify the negotiation reference number Once you have captured the details save the contract The system allows modification of brokerage details until its liquidation The system will default the brokerage details to the bill contracts associated with this LI You may modify the brokerage details at the bills contract level You can use Exchange Rate button to get the exchange rates between the broker account currency and bill currency for all the brokers listed
385. through which the tracer should be generated The preferred medium specified for the product to which the bill is linked is defaulted The media supported include e Mail e Telex e SWIFT If the tracer is generated through SWIFT an MT420 will be generated Note An override message is displayed if you enter an export bill in final stage with unresolved discrepancies Similarly if you attempt to move a bill that has unresolved discrepancies to the final stage an override is sought Tracer Frequency You can specify the frequency in days with which the tracer should be generated to the concerned parties after the Start days involved in the bill a8 ORACLE 5 3 7 3 5 3 8 Trace Receiver You can specify details of the party who needs to be reminded to take action to resolve the exception Select the party type of the party from the option list that is available The tracer will be generated to the customer linked to the party type in the Parties screen Tracer Start Date Exception tracers can be generated for a bill only after the maturity date of the bill While creating a product you have indicated the number of days that should elapse after the Bill matures on which the first tracer should be generated By default the system calculates the date on which the first tracer should be generated based on the maturity date specified in the contract screen and on the number of days specified for the product
386. tically as part of the batch processes run at EOD or you can generate the report whenever you need from the Reports Browser If the report is generated as part of EOD it will by default list e Incoming Sight bills unpaid after the seventh day of its booking e Outgoing Sight bills unpaid after fourteen days of booking e Usance bills unpaid after its maturity date If you generate the report manually from the reports Browser you can indicate preferences like e The product for which you want details e Overdue days for Incoming bills e Overdue days for Outgoing bills 10 13 ORACLE 10 11 2 Indicating the product You can generate the report to list the bills with overdue payment items associated with all products or a specific product If you want to generate the report to contain overdue items for a specific product select the product code from the option list Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated B
387. ting entries will be passed for each of the charges fees GL Dr Account Type AIC Typs Cr Description Y Amount Real Income Cr Charges Fees LCY Equivalent charge amount earned in LCY Real Customer Dr Customer CC Equivalent amount of Account Charges or Fees Y charges fees in the charge Receivable Receivable fee currency if itis a Account Receivable else equivalent amount of charges fees in Customer Account Currency 12 3 ORACLE 12 1 1 5 12 1 1 6 Advices Advice Type Description DISCREPANCY_REQ Discrepancies Request Letter DOC_ARVL_NOTICE Document Arrival Notice ACKNOWLEDGEMENT Acknowledgment Advice PAYMENT_ADVICE Payment Advice Outgoing Payment Stage Clean Doc Sight Usance Bill Under LC INI DOC Sight only Yes Mandatory Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account CC Type AIG Type Cr Description Y Amount Real Income Cr Charges Fees LC Equivalent charge amount earned Y in LCY Real Customer Dr Customer CC Equivalent amount of Account Charges or Fees Y charges fees in the Receivable Receivable charge fee currency if it is an Account Receivable else equivalent amount in Account Currency Advices Advice Type Description D
388. tions Product Introduction In this chapter we shall discuss the manner in which you can define attributes specific to an Islamic Bills and Collections IBC product You can create a bills and collections product in the Islamic BC Product Maintenance screen invoked from the Application Browser You can invoke the Islamic BC Product Maintenance screen by typing IBDPRMNT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button In this screen you can enter basic information relating to an IBC product such as the Product Code the Description etc Islamic BC Product Definition E New amp Enter Query Product Code TenorCode Sight Product Description Usance Product Type Multi Tenor Description Slogan Product Group Product Group Description Under Letter of Credit Yes Start Date No End Date Remarks Operation Document Clean Documentary Change of Operation Allowed Acceptance To Advance Acceptance To Discount Collection To Purchase Discount To Collection Purchase To Collection Acceptance To Forfaiting Discount To Forfaiting Collection To Transfer i T M i Collection to Discount Reimbursement C Reimbursement Claim Accounting Roles Events Branch amp Currency Customer MIS Preferences DiscountAccrual Tracers Free Format Text Document Profit Charges Tax Status Fields EL i
389. to process rate change for bills and collections contract refer ence number 1 and component 2 BC FR005 Failed to get end of input for current branch BC FRO06 Failed to get new event sequence number for bills and collections con tract reference number 1 while processing floating rate code 2 with currency 3 effective date 4 and amount 5 BC FROO7 Completed processing floating rate profit changes BC FRO08 Failed to process floating rate profit changes BC FRO09 Failed to check if any floating rate changes have to be processed BC FR010 Failed to log FRIC event for bills and collections contract reference number 1 BC FR011 Failed to log the exception into the exception table during FRIC event for bills and collections contract reference number 1 BC FR012 Failed to get commit frequency for floating rate change process BC FR013 Failed to calculate amount due for the bills and collections contract ref erence number 1 BC FR014 Failed to log FRIC event for bills and collections contract reference number 1 and rate code 2 BC FR015 Failed to calculate amount due for the bills and collections contract ref erence number 1 and component 2 BC Holiday check for base date and bill currency has failed Please check HOLO01 whether holiday table has been maintained BC BC contract base date 1 is a holiday for bill currency 2 OK to pro HOLO002 ceed BC Local ho
390. to today s date Note The Value date of a bill should not be earlier than the Start Date or later than the End Date specified for the product involved in the bill Debit Value Date For accounting entries hitting nostro or customer accounts you can specify a debit and credit value date that is different from the value date specified for the bill The value date of the Bill will be defaulted as the Debit and Credit value date You have an option to change it to suit the requirement of the bill you are processing In this case the value date of the bill will be used only for debiting and crediting GLs involved in the bill Credit Value Date Specify the Credit value date for the bill Confirmed Amount The system displays the confirmed amount Unconfirmed Amount The system displays the unconfirmed amount Available Confirmed Amount The system displays the available confirmed amount Available Unconfirmed Amount The system displays the available unconfirmed amount LC Details Enter the following details ORACLE LC Issue Date Specify the date on which the LC was issued LC Amount The Letter of Credit Amount gets defaulted from the LC Contract This is a display only field LC Liability Amount The Letter of Credit Liability Amount also is defaulted from the LC Contract This is a display only field For a collection bill most of its details are captured during registration The details of the collecti
391. tra day process that is applicable only to fund branches Intra Day Accruals work in line with the normal end of day accruals Intra day accrual will process in the same manner as an End of Day EOD batch In LC module it is processed based on the branch level accrual parameters Automatic Status Changes A bill that is yet to reach its repayment date is considered as having an Active status When repayment against the bill is not made on the due date you may want to do an aging analysis of the bill A forward status change is one in which a bill moves from a given user defined status to another in the forward direction 78 ORACLE 9 4 5 1 9 4 5 2 9 4 5 3 9 4 6 A reverse status change is one in which the status of a bill changes from a given status to the previous status defined for the bill Such a situation arises when a payment is made on a bill whose status is not active This function will automatically pickup and move bills from one user defined status to another either forward or reverse only if the bill matches the following criterion e The bill is Active and Authorized e You have indicated automatic status change for the bill e The criteria for a status change have been met That is any of the components of the bill remain unpaid for the number of transfer days defined for the status If you specify that forward or reverse status changes have to be carried out automatically the status changes will be
392. tract being processed Click the Insurance tab from the Islamic Bills and Collections Contract Detailed screen Contract Details E New E3 Enter Query Product Code Characteristics Product Description Fund Id Version Number _4 Contract Reference User Reference Operation Source Reference Stage Final Source Code FLEXCUBE Main Details Additional Parties Documents Exception Discrepancies Rollover Drafts ISHEWE Invoice Packing Credit Purchase Details Multi Tenor insurance Details Company Code Policy Number Component Details Company Name Address Telephone Number Fax Number Events Advices FFT Settlement SplitSettlement Collateral Profit Charges Tax LBL_IMP_LIC MIS Finance Preference Drawer Drawee IC Brokerage Linkage Details FXLinkage Fields Effective ProfitRate ProfitDates LBL_FIACC Charges Commission Transfer Message Preview All Messages Maker Date Time Status Checker Authorization Status Date Time Select the appropriate insurance company code from the option list The list will display all authorized and active company codes Upon selection of the company code the following details will be automatically displayed by the system e Insurance Company Name e Address of the company e Telephone Number e Fax Number On receiving the policy you can also specify the Insurance Policy Number in this screen The Reference Number of the bill co
393. tract currency Note You are not allowed to change the ICCF pickup currency for EIM Effective Profit Method contracts It gets defaulted to the contract currency and will be disabled here e You have to manually select the settlement account for BC module tags in the ICCF pickup currency Settlement pickup of ICCF and charge tags will happen based on the ICCF pickup currency e Incase where the charges and profit are based on ICCF pickup currency you have to maintain the ICCF rule as follows Transaction currency Rule currency ICCF Pickup Currency Basis Amount Currency ICCF Pickup Currency Charge Currency ICCF Pickup Currency Booking Currency Charge Currency Floating rate pickup and customer margin pickup for profit components will be based on ICCF pickup currency Therefore you need to maintain the floating rate code and customer margin for the respective ICCF pickup currency In addition if you want to apply charges in ICCF pickup currency then you have to define the charge component with amount tags suffixed by _ICCY If charge components are defined with normal bills amount tags then charges will be computed in contract currency Thus you can apply charges in contract currency or ICCF pickup currency based on basis amount tag of a charge component Margin Details Enter the following details Liquidated Amount While processing a collection type of bill partial liquidation is allowed
394. transferring the bill amount to a new GL head will be automatically passed e The accrued amounts should be moved to a new GL head when the bill moves to a particular status the accounting entries for transferring the accrued amounts of the bill to the new GL head will be automatically passed Advices The advices specified for the liquidation event LIQD for the product associated in the bill will be automatically generated Holiday Processing If the liquidation of a bill falls due on a holiday the liquidation will be done as per your holiday handling specifications for automatic processes in the Branch Parameters screen e f you specified that processing has to be done today the last working day before the holiday for automatic events right up to the day before the next working day the bills falling due for liquidation on the holiday will be processed during End of Day on the last working day before the holiday e Ifyou specified that processing has to be done only up to the System Date today then only the bills scheduled to liquidate today the last working day before the holiday will be processed The events of the holiday will be processed on the next working day after the holiday during Beginning of Day processing Tracer Generation You specified the tracers that should be generated for a bill in the Bills Contract Exceptions screen This function triggers the generation of tracers specified for active authorize
395. truction instructing the drawee of the bill to pay a certain sum of money in favor of your bank or at the order of your bank Such an instruction involves a sequence of events but is treated as one contract in Oracle FLEXCUBE A Bills Contract would therefore require information on e Who is the Drawer of the bill e Who is the Drawee of the bill e Is the bill drawn under an LC e ls it a Sight or Usance bill e The operation that your branch is performing on the bill e The amount for which the bill is drawn and the currency in which it is expressed e Details of the parties involved in the bill e Details of the collecting bank for export bill or the remitting bank for import bills e Details of the merchandise that was traded e The documents that should accompany the bill e Specifications for the transportation of the consignment e The Insurance Company and the Policy Number You have defined products to group together or categorize bills which share broad similarities Under each product that you have defined you can enter specific bills based on the needs of your customers Each of these will constitute a contract While products provide a general framework and serve to classify or categorize bills contracts are customer specific By default a bill inherits all attributes of the product to which it is associated This means that you will not have to define these general attributes each time you input a bill involving a
396. ts is considered while financing Discounted Amount Total amount discounted for each split is defaulted here Liquidation Amount Specify liquidation amount for each split you need to liquidate Note During liquidation if the liquidation amount is not maintained for any of the splits then the system displays an error message Liquidated Amount Total amount liquidated till date for the split is displayed here for each split From Calculation Date Specify date from when you need to compute Profit for the split System validates the date to be later than the value date of the split If it is earlier then the system displays an error message If the date is not entered then the system defaults the value date of the split here You can specify the date even when the operation is changed to Discount System validates the date to be later than the application date of the split If it is earlier then the system displays an override message If the date is not entered then the system defaults the application date of the split here To Calculation Date Specify date till when you need to compute Profit for the split System validates the date to be earlier than the maturity date of the split If it is later then the system displays an error message If the date is not entered then the system defaults the maturity date of the split here a BZ ORACLE User Defined Status Specify contract status of the split for
397. tstanding amount of the Cl contract while attaching the same Click P to populate information to the field Currency The system displays the outstanding currency of the Cl contract while attaching the same Click P to populate information to the field Settled Amount The system displays the loan amount settled against each event in the Cl currency while liquidating the loan from the bill Processing Packing Credits You can attach Packing Credits during purchasing discounting or liquidation of an Export Bill The Oracle FLEXCUBE system throws an error if you attempt to attach Cl accounts during any other event than the latter ones or INIT events on account of direct purchases discounts and negotiations The system allows linking only active and authorized Cl accounts created with the Packing Credit flag enabled at the contract level You cannot enable auto liquidation for these accounts Further these accounts need to have an outstanding Cl amounts as greater than zero The counterparty involved remains as the one on the bill The system also allows linking of multiple bills to the same account Note You must enter Pre Payment Details for Products with the Packing Credit flag enabled to avoid a Cl error on attempting to save If the total value of a Cl contract attached to a bill exceeds the Purchase or Liquidation amount the system displays an override on attempting to save In case of change of operation fro
398. u specify that forward changes have to be carried out automatically the status of the bill will be changed after the specified number of days If not you have to change the status of a bill through the bill processing function Even if automatic status change has been specified for a product and therefore a bill involving it you can manually change the status of a bill before the automatic change is due You can do it through the Contract On line Details screen If a product has been specified with manual status change then you cannot specify automatic status change for a bill involving the product If you specify that reverse changes have to be carried out automatically the status will be changed when a payment is made on a bill with a status other than Active If you specify that reverse changes should not be automatic the status remains unchanged even if a repayment is made on the bill The status has to be changed by you through the Contract Processing function A reverse change may also become necessary when the number of days of default is increased for a product If you specify that forward changes or reverse changes have to be carried out automatically the status changes will be carried out by the Automatic Contract Update function during BOD processing This is done on the day the change falls due If the day on which the forward or reverse status change is due happens to be a holiday then the processing would depend upon yo
399. uage code using which all the correspondences with the party should be carried out Click the adjoining option list icon to view the list of available language codes Free Format Text After you have assigned a code to identify an FFT you can proceed to maintain the description of the FFT The Description that you specify can contain text up to six thousand five hundred characters After you have made the required mandatory entries you can save the record On saving the record your User ID will be displayed in the Input By field at the bottom of the screen The date and time at which you saved the record will be displayed in the Date Time field A record that you have created should be authorized by a user bearing a different login Id before the EOD is run Once the record is authorized the Id of the user who authorized the record will be displayed in the Auth By field The date and time at which the record has been authorized will be displayed in the Date Time field positioned next to the Auth By field The status of the record will be displayed in the check box marked Authorized The field will remain unchecked until the record is authorized Specifying Values for the User Defined Fields You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields and then Function field mapping The value
400. uct Specifying the Clauses that should Accompany the Document A clause is a statement that can accompany a document sent under a bill After indicating the documents applicable to a product you can specify the related clauses that should accompany the document A list of the standard clauses that can accompany a document required under a bill is maintained in the Clauses Maintenance screen From the pre define list of clauses select the clauses applicable You can attach more than one clause to a document that you have specified for a bills product By default all the clauses including the number of copies that you specify for the product will be sent for all bills involving this product However while entering a bill you can add to or delete from the defaulted list of clauses After you have specified details of the clause click add icon to add it to the list of clauses for the document Click delete icon to delete a clause from the screen 482 ORACLE 4 15 Specifying Status Details An Active status is automatically allotted to a bill on its initiation However a bill on which payment has not been made on the due date can pass through more than one status Click the Status button to invoke the Islamic BC Status screen Islamic BC Status Product Code Product Description Status Accruals Automatic Movement Sequence Stop Accruals Transaction Reverse Accruals Forward Complete Ac
401. ue on a holiday s will be processed on the next working day during the Beginning of Day processing The frequency can be one of the following e Daily e Monthly e Quarterly e Half yearly 4 20 ORACLE 4 6 2 2 4 6 2 3 4 6 2 4 e Yearly Profit Collection Type After choosing the profit component you need to specify the mode in which the Profit is to be collected Indicate this by choosing either e Advance If the profit component of a bill is to be collected in arrears the profit is collected on the maturity date of the bill e Arrears When profit is to be collected in advance it will be collected at the time of initiating the bill Specifying Forfeiting Details Forfeit Profit Component For bills that can be forfeited you need to specify the profit component at the product preference level The adjoining option list displays all the profit components except the main profit component attached to the product You can select the appropriate one Specifying Tenor Related Details You can set the Standard Minimum and the Maximum limits for tenor based bills The tenor details that you specify for a bill product is always expressed in days Minimum You can fix the minimum tenor of a product The tenor of the bills that involve the product should be greater than or equal to the Minimum tenor that you specify Maximum You can fix the maximum tenor of a product The tenor of the bills that involve the pr
402. ued Amount Event Description Component Currency Event J Accrual Required Waiver 5 Spread Denominator Basis Basis 366 Minimum Spread Maximum Spread Customer Margin Rate Type Maximum Rate Minimum Margin Grace Period LBL_NOINPROFTPRE Rate Rate Code Floating Rate Details LBL_INTPROFBASIS Rate Calculation Type v Reset Tenor Code Usage X Indicator v For more details on maintaining Profit details refer Interest User Manual under Modularity Fp ORACLE 5 5 4 Maintaining Charges Details Click the Charges button to invoke the Charge Details screen Through this screen you can manage charge details you are creating Charge Details Contract Reference Charge Association IN 4 10H Creation ESN Component Rule Description Consideras Discount Waiver Accrual Required Creation ESN Component TagCurrency TagAmount Charge Currency Charge Amount Consider as Discount 4 Charge Liquidation li 10f1 E ESN Component Charge Currency Charge Amount Liquidated For more details on maintaining Charges details refer Charges _Fees User Manual under Modularity 5 91 ORACLE 5 5 5 5 5 6 5 5 7 5 5 7 1 5 5 8 Maintaining Tax Details Click the Tax button to invoke the Tax Details screen Through this screen you can m
403. uidate the overdue components only if the profit component is specified as Arrears This provision is applicable for incoming advance bills where profit is collected in arrears and outgoing discounted purchased bills compensation profit is always collected in arrears In case the components are liquidated the screen amends the status of the contract as liquidated You can also reverse the interest component that is liquidated On saving the transaction the bill amount is validated against the product transaction limit and the user input limit maintained in the system The system displays an appropriate override error message if the amount exceeds the allowed input limit This also indicates the level of authorisation required if the transaction amount exceeds the transaction limit maintained The system converts the bill amount using the standard mid rate to the transaction limit currency and check against the transaction limit amount maintained for the product if the bill currency is different from the transaction limit currency Note You can choose to liquidate the overdue components only if the interest component is specified as Arrears For a multi tenor contract sub components are populated as components Specifyin Event Details Click the Events button to invoke the Events screen Through this screen you can specify the details of the Accounting Entries and Advices that have to be generated for the events that
404. uld be passed A bill will inherit the accrual frequency defined for the product associated with the contract For bills which are to be automatically liquidated you can indicate the level up to which they should be accrued The options available are e Product e Contract If you indicate that automatic accrual should be done at the product level a single entry for all contracts will be passed However if these contracts have moved into different user defined status the accrual entries will be passed at the product level and for each user defined status This helps reduce the time taken to pass each entry If you indicate that the automatic profit accrual process should pass accrual entries at the contract level accrual entries will be passed for each of the contracts for which profit was accrued automatically Specify the Liquidation Details Liquidate Bill on Incoming MT202 Specify if the bills on Incoming MT202 need to be liquidated You can select one of the following options e Yes e No a ORACLE 9 2 5 9 3 Auto Authorize Liquidated Bill Specify if the liquidated bills need to be automatically authorized You can select one of the following options e Yes e No Specifying the User Defined Fields You can link the User Defined Fields with Branch Parameters Maintenance screen using Function field mapping screen which can be invoked from the Application Browser by selecting User defined fields an
405. ult From Class Currency Restrictions Disallowed Allowed Currency 1 Of 1 Currency Code Currency Name For more information on specifying Branch Details refer Products User Manual under Modularity 4 5 Specifying Customer Details Click the Customer button to invoke the Customer Restrictions screen a0 ORACLE 4 6 In this screen you can specify the categories of customers or the customers themselves with whom you can enter into bills involving the product Customer Restrictions Product Code Product Description Class Details Default From Class Class Code Class Description Branch restriction Categories List Disallowed Allowed Customers 1 Of 1 Description Customer Id Customer Name Restric Disall For more information on specifying Customer Details refer Products User Manual under Modularity Specifying Preferences for a Product Preferences are the options available to you for defining attributes that will help distinguish a product The preferences that you state will ultimately shape the product By default a bill involving a product inherits all the attributes defined for the product However the attributes defined as the product s preferences can be changed for a bill Click the Preferences button to invoke the Islamic BC Product Preference screen
406. umber 1 BC AC028 Floating profit rate changes have not been processed for bills amp collec tions contract reference number 1 BC AC029 Failed to update to_date in calc table for bills amp collections contract ref erence number 1 BC AC030 First run the predecessor process before running this BC AC031 Process till date is mandatory BC AC032 Process till date cannot be greater than 365 days from today BC AC033 Change the process till date if you like to for memo accrual BC ACRO1 No contracts were picked for accruals on this date BC AP001 Are you sure you want to start bills amp collections change of event from acceptance to advance BC AP002 Failed to insert the error code into exception table for the event BADV and bills amp collections contract reference number 1 BC AP003 Failed to update processed_status_field as P in BCTB_prod_acpadv_dates for bills amp collections product 1 BC AP004 Failed to do settlement pickup for bills amp collections contract reference number 1 event sequence number 2 event 3 BC AP005 Failed to process change of event from acceptance to advance for bills amp collections contract reference number 1 BC AP006 Failed to create a new version and event sequence number for the change of event from acceptance to advance for bills amp collections ref erence number 1 BC AP007 Failed to get end of input for current branch
407. ument Code Maintenance screen is displayed without any details If you are calling a document maintenance record that has already been defined choose the Summary option s ORACLE 3 2 1 under Documents From the Summary screen double click on a document code of your choice to open it Bills amp Collections Document Code Maintenance E New E3 Enter Query Document Details Document Code Document Type Transport x Language Code C Validate Shipping Document Short Description Guarantee Document Long Description Bill Of Lading Clause Details 1 Of 1 Clause Code Description Maker Date Time Checker Date Time Mod No Record Status Authorization Status Specifying the Document Details You can maintain the following details related to the documents in the Bills and Collections Document Code Maintenance screen Document Code In Oracle FLEXCUBE each document that you maintain is identified by a four character code called a Document code One of the characters of the code should be a letter of the English Alphabet You can follow your own conventions for devising this code The code should be unique as it is used to identify the document While creating a product or at the time of entering the details of a bill where you need to specify the documents that should accompany a bill you need to only specify the code assigned to the document The document
408. unt Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer CCY Equivalent amount Account Receiv Charges or Fees of charges fees in able Receivable the charge fee cur rency if itis a Account Receivable else Equivalent amount of charges fees in Customer Account Currency 12 8 ORACLE 12 1 2 2 Incoming Acceptance Documentary Stage Clean Doc Sight Usance Under LC FIN DOC Usance only Optional Real GL Dr Advance under CCY Bill amount being LCs advanced under the LC in the contract currency Real Nostro Vostro Cr _ Nostro Vostro CCY Equivalent amount Account of Settle of the Bill amount ment being advanced in the Nostro Vostro Account Currency Con GL Dr LCs OCU CCY LC OCU decrement tin Account entry in the contract gent currency Liabil ity Con GL Cr GL Contingent CCY LC OCU decrement tin Offset Account offset entry in the gent contract currency Offset Real GL Customer Cr Cash Collateral CCY User input Cash Col Account for Bills lateral Amount in the paid as Advance Cash Collateral Cur under LCs rency Real Customer Dr Cash Collateral CCY Equivalent User payment Account input Cash Collateral Amount in the Cash Collateral Currency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice RESERVE_RELEASE Release of Reserve Advice DOC_ARVL_NOT
409. unt Profit amount in the Customer account cur rency Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice 12 1 3 LIQD Contract Liquidation 12 1 3 1 Incoming Collection Stage Clean Doc Sight Usance Bill Under LC FIN CLE Sight Usance Not applicable FIN DOC Sight Usance Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account Type mie Type Cr Description ite Amoun Real Income Cr Charges Fees LCY Equivalent charge amount in earned LCY Real Customer Dr Customer CCY Equivalent amount of Account Charges or charges fees in the charge Receiva Fees Receiva fee currency if it is a Account ble ble Receivable else equivalent amount of charges fees in Customer Account Currency Real Nostro Cr Nostro Vostro CCY Equivalent amount of principal Vostro Account of Set being liquidated in the cur tlement rency of the Nostro Vostro Account Real Customer Dr Customer CCY Equivalent amount of principal Account Account being liquidated in the con Receiva Receivable tract currency if it is a Account ble Receivable else equivalent amount of principal being liq uidated in the Customer Account Currency 12 20 ORACLE 12 1 3 2 Advices Advice type Advice Description PAYMENT_ADVICE Payment Advice Incomin
410. unt of charges fees in Customer Account Currency Advices Advice type Advice Description DISCREPANCY_REQ Discrepancies Request Letter DOC_ARVL_NOTICE Document Arrival Notice ACKNOWLEDGEMENT Acknowledgment Advice PAYMENT_ADVICE Payment Advice Incoming Acceptance Stage Clean Doc Sight Usance Bill Under LC INI DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accounting entries will be passed for each of the charges fees GL Dr Account cc Type AIG Type Cr Description Y Amount 12 2 ORACLE 12 1 1 4 Real Income Cr Charges Fees LCY Equivalent charge earned amount in LCY Real Customer Dr Customer CC Equivalent amount of Account Charges or Fees Y charges fees in the Receivable Receivable charge fee currency if it is a Account Receivable else equivalent amount of charges fees in Cus tomer Account Currency Advices Advice type Advice Description DISCREPANCY_REQ Discrepancies Request Letter DOC_ARVL_NOTICE Document Arrival Notice ACKNOWLEDGEMENT Acknowledgment Advice PAYMENT_ADVICE Payment Advice Incoming Discount Stage Clean Doc Sight Usance Bill Under LC INI DOC Usance only Optional Accounting Entries If any charges fees are applicable then the following accoun
411. unting roles allowed for the collateral entries are the collateral account GL role Typically the accounting entry setup is to reduce the collateral accounts balance to the extent of payment from the collateral The system validates the amount specified as the collateral contribution being used to pay up the bill is less than or equal to the overall collateral contribution linked to the bill The default value for the collateral contribution is displayed based on the total amount being paid The default value is computed as the percentage of the collateral linked to the bill proportional to the percentage of the bill amount being paid against the outstanding bill amount This can be modified Collateral Currency Specify the currency in which the cash collateral account is opened Collateral Amount Specify the value of the collateral Outstanding Collateral Amount Outstanding Collateral amount is sum of collateral amount and transferred collateral amount Outstanding collateral will be updated with Bills Collateral Amount when you save the contract This is a display field Field Outstanding Collateral will be updated with remaining collateral amount after each Bill liquidation Transfer Collateral from LC This is defaulted from the product However you can modify it at contract level during bill booking Later this cannot be changed This indicates that the collateral amount may be collected from LC as part of Bill availed un
412. ur bank or at another bank can be either clean or documentary If you indicate that bills under an LC can be processed using the product you can also indicate the type of LC that the bill was drawn under The options available are e Clean indicating that no documents are required to process the bills linked to this product Ta ORACLE e Documentary indicating that documents are required for the processing of bills linked to this product Under Letter of Credit The bills that you process at your bank can be drawn under an LC that was issued at your bank or at another bank You can indicate whether bills drawn under an LC can be processed using the product you are creating Reimbursement Claim Check this option to indicate that the product is applicable for processing reimbursement claims This field is enabled only when the operation is chosen as Payment and the type is specified as Import Change of Operation Allowed In addition to indicating the operation that is allowed for the bills linked to a product you also have an option to indicate whether a change of operation is allowed for the bills linked to the product 1 Acceptance to Discount 2 If you are creating a product with operation type Acceptance you can indicate that the bills which are processed using this product can also be discounted Acceptance to Advance If you are creating a product with operation type Acceptance you can also indicate
413. ur specifications in the Branch Parameters screen at ORACLE 4 15 2 4 15 3 4 15 4 If you have not specified that the forward or reverse changes should be carried out automatically the status remains unchanged till you change it for a bill through the Contract Processing function Advices to be Generated for a Status Change You can specify whether an advice has to be generated to inform the customer about the status change of the bill You can also specify the kind of advices to be generated You can generate advices to notify the customer of the forward status change and possibly urge him to take action to make the payments for liquidating the outstanding components You can specify the advice or message that you want sent to the customer when a bill moves automatically forward into the status you are defining These messages or advices are maintained by the messaging sub system of Oracle FLEXCUBE Specifying the Number of Days for a Status Change The number of days after which a component should be moved to a particular status can vary for each of the components of the bill The number of days is always counted as calendar days from the maturity date specified for the bill The following example illustrates how this concept works Changing the GL under which the Bill is Reported You may have a GL structure under which bills in the Active status are reported in on GL while those with defaulted payments
414. uthorized bills which are not yet liquidated e Bills whose accrual date falls on the current processing date or bills whose accrual date falls between the current processing date and the next working date The date on which accrual is due for a bill is calculated based on the accrual date and accrual frequency defined for the product associated with the bill When the function automatically accrues the profit components of a bill is done the accounting entries defined for the accrual event ACCR will be passed and the internal accounts will be updated with the accrual related details If the accrual date of a bill falls on a holiday the accruals are done as per your holiday handling specifications for automatic processes in the Branch Parameters screen The list of bills whose commission components were accrued will be printed in the Accrual Control report Note This function will not accrue profit for bills that have moved into a user defined status for which accruals have been stopped Intra Day Accruals The Intra Day Accruals is a batch process that computes accruals for different kinds of investments made by funds This batch includes processing of fixed asset depreciation The intraday accruals depreciation are performed only for those products for which accruals depreciation cycle is due for the day In case of inter fund subscriptions the system does not calculate the profit for the investing fund This is an in
415. utput Print Printer You can specify the following parameters here Product Code Indicate whether the reports should be generated for a specific product or for all products is ORACLE If you choose Specific Product you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Click OK to generate the report Selection Options You can generate the report to contain a list the bills e associated with all products or e aspecific product To generate the report for a specific product select the appropriate product code from the option list 10 3 1 Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Indicates Branch Code and Branch Name Branch Date Indicates Current Date of the Branch User ID Indicates User ID Run Date amp Indicates the Date and Time when the report was generated Time Module Indicates module for which report is generated Body of the Report The following details are displayed as body of the generated report Field Name Field Description Product Code Indicates the code of the product
416. value date the date on which the accounting entry is passed pertaining to the day you actually fund your customer is the amount you get by subtracting the margin amount from the bill amount On the maturity date of the contract the inflow is the bill liquidation amount and the outflow is the margin amount The sum of the invoice amounts that you specify should be less than or equal to the total bill amount 5 3 12 3 Liquidating the Margin If you are liquidating the margin that you retained for a bill specify the amount to be liquidated here The Outstanding Margin Amount applicable to the bill at any point in time is displayed in the Outstanding Margin Amount field The margin that you liquidate should be less than or equal to the outstanding margin amount 5 3 13 Packing Credit Tab Packing Credit is a Finance or Cash Credit facility sanctioned to an exporter at the Pre Shipment stage to facilitate purchase of raw materials at competitive rates produce goods per requirement of the customer and finally organize packing for onward export You can capture credit details in the Packing Credit tab of the IB contract screen To invoke this screen in the Islamic Bills and Collections Contract Input Detailed Screen click the Packing Credit tab Islamic Bills amp Collections Contract Detailed E save lt i Hold Product Code Characteristics Fund Id Product Description Contract Reference
417. volved in all types of bills Party Type Party Description DRAWER Drawer DRAWEE Drawee ISSUING BANK Issuing Bank NEG BANK 1 Negotiating Bank 1 NEG BANK 2 Negotiating Bank 2 BENEFICIARY Beneficiary ACCOUNTEE Accountee CASE NEED Case Need GURANTOR Guarantor ACCEPTING BANK Accepting Bank DISCNTING BANK Discounting Bank REMITTING BANK Remitting Bank COLLECTING BANK Collecting Bank REIMBURSING BANK Reimbursing Bank CONFIRMING BANK Confirming Bank FORFAITING HOUSE Forfaiting Bank Insti tution CLB Claiming Bank The parties that can be involved in a bill depend on the type of bill you are processing and on the operation that you perform on the bill The following table indicates the parties that can be involved based on the operation that you perform on the bill Bill Type Operation Parties Applicable 5 25 ORACLE Incoming Pay and Advance Accountee if different from Drawee Issuing Bank your bank Negotiating Bank Reimbursing Bank Drawer Drawee Incoming Acceptance Accountee if different from Drawee Issuing Bank your bank Negotiating Bank Accepting Bank your bank Drawer Drawee Incoming Discount Beneficiary Accountee if different from Drawee Discounting Bank Negotiating Bank Reimbursing Bank Remitting Bank Drawer Drawee Outgoing
418. want to liquidate the bill Verify Funds Check this option to check the available balance in settlement account of a bills contract during its auto liquidation If you check this option the system verifies the balance only to cover the bill amount Charges associated with the bill liquidation will not be considered If the account has insufficient funds during manual liquidation of a bills contract the system does not generate advices to issuing bank and claiming bank An error message is displayed in such instances Auto Status Change A status change is one in which the status of a bill changes from one to the next If you specify that status changes have to be carried out automatically the status of the bill will be changed after the specified number of days If not you have to change the status of a bill through the bill processing function In the Bills User Defined Status Maintenance screen you can specify whether the status change should be in the forward or reverse direction Other details related to the status change can also be specified here Even if automatic status change has been specified for a product and therefore a bill involving it you can manually change the status of a bill before the automatic change is due It can be done through the Contract On line Details screen If a product has been specified with manual status change you cannot specify automatic status change for a bill involving the product Note
419. which the product is associated from the option list provided Product Group Description Description of the product group selected Start Date Specify the start date for the product End Date Specify the end date for the product Remarks Enter any remarks related to the product if required Operation This indicates the operation that is allowed for the bills linked to a product The operation that you can select for the product is determined by the type of bill product you define import export and collection The operation type selected for the bill determines the type of accounting entries passed and the messages that are generated You can select an operation from the option list available The type of operation that you can perform on a bill has been represented below Incoming Outgoing International and Domestic International and Domestic Advance Negotiation Payment Payment Discounting Discounting Collection Collection Acceptance Acceptance Purchase Tenor Code The tenor that you define indicates when the bills linked to the product will be paid immediately or after a usance period The bills linked to a product can be paid either at e Sight Indicating that the bill is paid immediately e Usance indicating that bill is paid after a usance period e Multi Tenor Select if you want to pay the bill in multiple tenors Document A bill that is drawn under an LC issued at yo
420. wish to use the product for free collection Specifying Exchange Rate Related Details You can capture the details regarding the exchange rate here Default Rate Type You can specify the exchange rates that are to be picked up and used for liquidating the Bill Amount Profit and Charge components of a bill You can indicate that the standard rate prevailing as of the issue date of the bill should be used You can also specify an exchange rate of your choice The possible values for the rate pickup are e As per Standard rate e As input in the Contract If you specify As input in the contract then the system computes the components of the bill based on your input in the Exchange rate field in the Bills Contract Main screen If you choose As per standard rate the system computes the applicable components by picking up the exchange rates as of the transaction date from the Currency table maintained in the Core Services module of Oracle FLEXCUBE Override Variance Limit For a Bills product you can specify the exchange rate type to be used to process the bill amount the profit charge or fee components of the bill At the time of entering a contract involving a product you have the option of changing the exchange rate defaulted from the product and specifying an exchange rate of your choice The exchange rate variance is applicable only if you have decided to change the standard rate defaulted from the currency t
421. with regard to finalization under the following conditions e Export bills in the INITIAL stage for more than 5 days e Import bills in the INITIAL stage for more than 7 days You can invoke the screen by typing IBRODFIN in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Finalization Overdue Days Report AIl Specific Product Code Finalization Overdue Days For Incoming Bills Finalization Overdue Days For Outgoing Bills Report Format Printer At Client Report Output Printer Specify the following details Product Code Indicate whether the reports should be generated for a specific product or for all products If you choose Specific Product you need to specify the product for which the report needs to be generated The option list provided displays all valid product codes maintained in the system You can select the appropriate one Finalization Overdue Days for Incoming Bills Specify the number of days due for finalization of incoming bill 10 14 ORACLE 10 9 1 10 9 2 Finalization Overdue Days for Outgoing Bills Specify the number of days due for finalization of outgoing bill Click OK to generate the report Selection Options You can configure this report to be triggered automatically as part of the batch processes run at EOD or you can generate the report when required from the Reports Browser If the report is generate
422. yed in the respective fields of the Contract Main screen Specifying Tenor Details for a Bill You can specify the following tenor related details here Base Date The base date is the date from which the tenor specified for the bill becomes effective The base date is used to calculate the maturity date of the bill In effect the tenor of the bill will begin from the base date If you are processing a sight bill the base date is the lodgment date and for a usance bill it can be the Invoice date or the Shipping Date Tenor Usance bills are generally associated with a tenor The tenor of a bill is always expressed in days The standard tenor defined for the product involved in the bill is defaulted You can change the default to suit the tenor of the bill you are processing However the tenor that you specify for a bill should be within the minimum and maximum tenor specified for the product involved in the bill Note The tenor of a sight bill is always defaulted to zero days You will not have an option to change it Transit Days The transit days refer to the expected number of transit days for a sight or matured usance bill The transit days will be used in the computation of the maturity date of the bill Maturity Date The maturity date is the date on which the bill falls due for payment The maturity date that you specify should be a date later than or equal to the Value date specified for the bill The maturity date i
423. ying Counterparty Details In the Contract screen you can also capture details of the party who is your customer For an Import bill In the case of an Import bill you should specify details of the Drawee of the bill If the Drawee is a customer of your bank you should specify the customer reference assigned to the customer in the Customer Information File CIF of the Core Services module of Oracle FLEXCUBE The other details of the customer will be automatically picked up oe ORACLE 5 5 10 For an Export bill If you are processing an Export bill you should specify details of the Drawer of the bill If the drawer is a customer of your bank you should specify the customer reference assigned to the customer in the Customer Information File CIF of the Core Services module of Oracle FLEXCUBE The other details of the customer will be automatically picked up The details of the other parties involved in the bill are captured in the Parties screen Viewing the Media Addresses of a Customer When you specify the CIF ID of the counterparty involved in a bills contract the Media Address details that you have maintained for the customer will be displayed These details are displayed in the Customer Addresses Maintenance screen You can invoke the Customer Addresses Maintenance screen by typing MSDCUSAD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button
424. ype cannot be null BC XV035 LC issue date is mandatory BC XV036 LC issue date cannot be greater than today BC XV037 Profit calculation to date is mandatory BC XV038 Value date cannot be lesser than profit calculation to date BC XV039 Shipment date cannot be greater than arrival date BC XV040 Liquidation amount cannot be greater than bill due amount BC XV041 Liquidation amount is mandatory BC XV042 Collection bills cannot be put in initial stage BC XV043 Document details not complete BC XV044 Clause details not complete BC XV045_ Goods details not complete 13 32 ORACLE BC XV046 FFT details not complete BC XV047 Instruction details not complete BC XV048 Product is not allowed BC XV049 Currency is not allowed for this product BC XV050 Customer is not allowed for this product BC XV051 Product is not allowed in this branch BC XV052 Discrepancy details not complete BC XV053 No valid lines available BC XV054 Party address details not complete BC XV055 A clean LC is being availed against a documentary bill OK to proceed BC XV059 Input to party type is mandatory cannot be null BC XV060_ Input to party id is mandatory cannot be null BC XV061 Input to party name is mandatory cannot be null BC XV062 Input to party country code is mandatory cannot be null BC XV063 Input t
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