Table of Contents
Settle Usance Documents at Maturity
Transaction BCTSUS
This transaction is used to settle usance amounts relating to an import collection. The contract is closed when the maturity has been settled.
Checking the “Free of Payment” checkbox indicates that the collection is to be settled value-free. The collection is then settled instantly without payment. Detailed information on this option can be found under “Free of Payment”.
Adding Import Loans to the Drawee (sight documents)
- This transaction is used to add loan options (exceptions: clean collection and usance documents).
- For sight documents (see “Payment Condition” field), check the “Create Financing” checkbox on the “Select Import Collection” panel. Details can then be added on the relevant panel. Loan options for usance documents are added using the “Accept and Settle Documents” transaction.
- Further details on the topic can be found under “Loan”
Requirements
An existing Import Collection contract which has open tenors and is not closed.
Incoming Messages
| Channel | Description | MT | Description | Comment |
|---|---|---|---|---|
| T | TradeConnect | T51 | Payment/Acceptance authorization under an import collection |
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
None
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Create | Repayment Notice of Finance Type (e.g.“Trust Receipt”) | Maturity Date - 1 working day | Repaying a Loan | If “Create Finance” is filled. |
| Create | Past Due of Finance Type (e.g. “Trust Receipt”) | Contract is at the Past Due stage (Maturity + Grace days if any) | Past Due Loan | If “Create Finance” is filled. |
Updating/Storing of Amounts (CBS)
Liability (LIA)
The defered payment obligation is reduced by the amount of the maturity now being settled. If there are several maturities for the collection, the relevant maturity to be settled now can be selected.
Outgoing Correspondence
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
| Name of Message | Receiver | Message ID | SWIFT | TCO | Comment |
|---|---|---|---|---|---|
| Advice to Debit Party | Drawee/2nd Collecting Bank | BCTDRE1 | T54 | ||
| Advice of Payment (Credit Party) | Drawer/Remitting Bank | BCTDRR1 |
Release
Source in Transaction
Transaction Panels
Settle BC at Maturity
Financing Details
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
Interest Details
Fee Conditions
DTAG Fields
Shipment Details
Interest Details
Settle BC at Maturity
Datafields
| 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 |
| 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. |
| Free Of Payment | cf Appendix A, Table BCD field FOCFLG |
| Reduction Amount | This amount can be part of the document amount and reduces the settlement amount. |
| Close Contract | Checking this box closes the current contract. |
Financing Details
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table TRD field OWNREF |
| Parent Reference | cf Appendix A, Table TRD field PNTREF |
| Responsible User | cf Appendix A, Table TRD field OWNUSR |
| Date Issued | cf Appendix A, Table TRD field ISSDAT |
| Type of Financing | cf Appendix A, Table TRD field FINTYP |
| Special type of financing | cf Appendix A, Table TRD field FINSUBTYP |
| Type of risk | cf Appendix A, Table TRD field FINRSKTYP |
| Recourse Flag | cf Appendix A, Table TRD field FINRECFLG |
| % Financed | cf Appendix A, Table TRD field PCTFIN |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Finance Amount | cf Appendix A, Table CBB field AMT |
| Start Date Tenor | cf Appendix A, Table TRD field STTTENDAT |
| Maturity Date | cf Appendix A, Table TRD field MATDAT |
| Financing period | cf Appendix A, Table TRD field INTDAY |
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Base Rate | cf Appendix A, Table TRD field IRTCOD |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Fixed price for total maturity | Alternative fixed amount for the total term to maturity. (instead of an interest rate for 'Our margin') |
| Total interest rate | Sum of interest costs + liquidity costs + our margin The total interest rate used to calculate the commission. |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
| Surcharge Applied to Interest Rate | cf Appendix A, Table TRD field INTRAT |
| draft serial number | cf Appendix A, Table TRD field DRWVOCNUM |
| Pay supplier | cf Appendix A, Table TRD field PAYSUPFLG |
| Bill/ Usance Start Date | cf Appendix A, Table TRD field BACUSADAT |
| Standard tenor | cf Appendix A, Table TRD field BACSTDTEN |
| Currency of the financed amount | cf Appendix A, Table TRD field FINCUR |
| Financed amount (bankers acceptance) | cf Appendix A, Table TRD field FINAMT |
| Draw down method for ECR | cf Appendix A, Table TRD field ECRMET |
| Transport Document Date | cf Appendix A, Table TRD field ECRTRDDAT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Information Finance Party | cf Appendix A, Table TRT field INFPTY |
| Goods Code (for Statistics) | cf Appendix A, Table TRD field STAGOD |
| Provide Shipment Details | cf Appendix A, Table TRD field SHPFLG |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Instructions
Datafields
| 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 |
| 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 |
Outgoing TCO Inst. (T40)
Datafields
| 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 |
Shipping Details
Datafields
| 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 |
allNETT Fields
Datafields
| Datafield | Description |
|---|---|
| Date of Transport Document | cf Appendix A, Table BCT field INC22032 |
| Shipping route | cf Appendix A, Table BCT field INC22033 |
Parties
Datafields
| 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 |
Compliance
Interest Details
Datafields
| Datafield | Description |
|---|---|
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Pastdue Total Interest rate | Sum of ('Cash Base' + 'Liquidity Cost' + 'Past Due Margin'). The Total Interest rate used to calculate Past due commission. |
DTAG Fields
Shipment Details
Datafields
| Datafield | Description |
|---|---|
| Shipment from | cf Appendix A, Table TRD field SHPFRO |
| Port of Loading | cf Appendix A, Table TRD field PORLOA |
| Port of Discharge | cf Appendix A, Table TRD field PORDIS |
| For Transportation to | cf Appendix A, Table TRD field SHPTO |
| Transport Document Type | cf Appendix A, Table TRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table TRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table TRD field TRADAT |
| Mode of Transport | cf Appendix A, Table TRD field TRAMOD |
| Vessel Name | cf Appendix A, Table TRT field VESNAM |
| Identification of Goods | cf Appendix A, Table TRT field ROGGOD |
| Incoterm Version | cf Appendix A, Table TRD field INCTRMVER |
| Incoterm Code | cf Appendix A, Table TRD field INCTRMCOD |
Interest Details
