This transaction is used to reject documents under an Inward Collection.
Reasons for rejection can be that a drawee refuses to pay (e.g. because the validity of the presented documents is denied), or the drawee cannot be found or reached. The collecting bank needs then to send a rejection message and return the documents to the remitting bank indicating the reason why they were rejected.
If the drawee does not agree with the terms of the collection, an initial rejection message may be sent, giving the drawer and drawee time to negotiate a solution. This is called 'Pending Non-Payment'. As long as the contract has not been rejected, this option can be run as often as required. The contract is then neither rejected nor closed.
With a documentary collection that is rejected outright by the drawee, the collecting bank may initially hold on to the documents hoping that the drawer will instruct them to present the documents to another party. We indicate this with 'Outright, hold documents'.
The 'Outright, return documents' option also sends a message of rejection to the parties indicating the reasons for the rejection. In addition, documents submitted under a collection are returned to the presenting party. The contract is then closed.
An existing Import Collection contract which is not closed.
The documents cannot be rejected if the goods were already released.
If the documents are accepted, the open amount cannot be zero.
Rejection is not possible if the documents were advanced and there is still an open amount under the advance.
Channel | Description | MT | Description | Comment |
---|---|---|---|---|
S | SWIFT | 416 | Advice of Non-Payment/Non-Acceptance | |
T | TradeConnect | T51 | Payment/Acceptance authorization under an import collection |
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
None
For more information see TRNDIA Diaries.
Action | Description | Diary | Follow-up Transaction | Comment |
---|---|---|---|---|
Completed | All diaries that have been made in Transaction “Amendment” (BCTAME) or “Advising Documents” (BCTDAV) will be deleted if “Rejection Type”='Outright, return documents' and “Collection Condition” not equal to 'Clean Collection' |
|||
Completed | All diaries that have been made in Transaction “Advising Documents” (BCTDAV) will be deleted if “Rejection Type”='Outright, return documents' and “Collection Condition”='Clean Collection' |
For 'Outright - return documents', the open amount for the collection is set to zero.
For 'Outright - return documents', all liability sets posted to the collection are removed.
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
Name of Message | Receiver | Message ID | SWIFT | TCO | Comment |
---|---|---|---|---|---|
Rejection | Drawee/Remitting Bank | BCTDRR1 | 416 | ||
Rejection 2nd mail | Drawee/Remitting Bank | BCTDRR2 | |||
Acknowledgment of Rejection | Drawee/2nd Collecting Bank | BCTCOL1 |
Signature required
Reject Documents
Instructions
Outgoing TCO Inst. (T40)
Shipping Details
allNETT Fields
Parties
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Datafield | Description |
---|---|
Own Reference | cf Appendix A, Table BCD field OWNREF |
Currency | cf Appendix A, Table CBB field CUR |
Collection Amount | cf Appendix A, Table CBB field AMT |
Currency | cf Appendix A, Table CBB field CUR |
Open Collection Amount | This field contains the amount which has not been settled. cf Appendix A, Table CBB field AMT |
Date Documents Received | cf Appendix A, Table BCD field RCVDAT |
Date of Advice of Documents Received | cf Appendix A, Table BCD field ADVDAT |
Accepted on | cf Appendix A, Table BCD field ACCDAT |
Collection Condition | cf Appendix A, Table BCD field DOCTYPCOD |
Document Set Status | cf Appendix A, Table BCD field DOCSTA |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Name | cf Appendix A, Table PTS field NAM |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Name | cf Appendix A, Table PTS field NAM |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Name | cf Appendix A, Table PTS field NAM |
These checkboxes may be checked to define the further handling of the documents. |
|
Advice Type | This field contains the type of the SWIFT MT. Select NPAY for non-payment. Select NACC for non-acceptance. |
Close Contract | Checking this box closes the current contract. |
Reason for Non-Payment/Non-Acceptance | cf Appendix A, Table BCT field RESREJ |
Copies in 1st Mail | This field contains the number of documents in figures to be sent with the first mail. If documents are to be sent with one mail only, insert the total number of each document in this column. |
Copies in 2nd Mail | This field contains the number of documents to be sent by second mail (if any) |
Document Description | This field contains the kind of document to be mentioned in the document specification. Either select a document from the selection list or enter the document manually. |
Datafield | Description |
---|---|
Collection Instructions | cf Appendix A, Table BCT field COLINS |
Draft Instructions | cf Appendix A, Table BCT field DFTINS |
Protest Instructions | cf Appendix A, Table BCT field PROINS |
Other Instructions | cf Appendix A, Table BCT field OTHINS |
ALADI Checkbox | cf Appendix A, Table BCD field ALADIFLG |
ALADI Reimb. Code | cf Appendix A, Table BCD field ALADICOD |
Fee settlement - our fee to be debited to | cf Appendix A, Table BCD field CHATO |
Charges Text | cf Appendix A, Table BCT field CHGTXT |
Free Of Payment | cf Appendix A, Table BCD field FOCFLG |
Waive Collecting Bank Charges | cf Appendix A, Table BCD field WAICOLCOD |
Waive Remitting Bank Charges | cf Appendix A, Table BCD field WAIRMTCOD |
Defer Payment Until | cf Appendix A, Table BCD field OTHINS |
Goods Code (for Statistics) | cf Appendix A, Table BCD field STAGOD |
Datafield | Description |
---|---|
Free Text | cf Appendix A, Table BCT field BCTFRE |
Interest Instructions | cf Appendix A, Table BCT field INTINS |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Authority of Agent | cf Appendix A, Table BCT field AGTAUT |
Date of Agent's Invoice | cf Appendix A, Table BCD field AGTDAT |
Further Agent Information | cf Appendix A, Table BCT field AGTINF |
Datafield | Description |
---|---|
Release of Goods | cf Appendix A, Table BCD field RELGODFLG |
Release Type | cf Appendix A, Table BCD field RELTYP |
Date of Release of Goods | cf Appendix A, Table BCD field RELGODDAT |
Expiry Date of Shipping Guarantee | cf Appendix A, Table BCD field EXPDAT |
Transport Document Type | cf Appendix A, Table BCD field TRPDOCTYP |
Transport Document No. | cf Appendix A, Table BCD field TRPDOCNUM |
Date of Transport Document | cf Appendix A, Table BCD field TRADAT |
Mode of Transport | cf Appendix A, Table BCD field TRAMOD |
Name of Vessel | cf Appendix A, Table BCT field VESSELNAM |
Shipment from | cf Appendix A, Table BCD field SHPFRO |
For Transportation to | cf Appendix A, Table BCD field SHPTO |
Covered Goods | cf Appendix A, Table BCT field COVGOD |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Release to Drawee Flag | cf Appendix A, Table BCD field RTODREFLG |
Release to Address | cf Appendix A, Table BCT field RELADR |
Datafield | Description |
---|---|
Date of Transport Document | cf Appendix A, Table BCT field INC22032 |
Shipping route | cf Appendix A, Table BCT field INC22033 |
Datafield | Description |
---|---|
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |