Closing

Transaction GCTCAN

This transaction is used to close a claim under a guarantee. This is the case, for example, if the applicant and the beneficiary agreed on closing the claim without involving the bank so that the bank has to reset the open claim. The open amount, that was reduced by registering the claim, will then be set back to the original value before registration.

Usually the claim is closed automatically when payment is made.

Booking Procedure

The “Booking procedure” combobox allows you determine how open amounts are to be dealt with when a contract is closed. There are 3 options:

'Reverse Booking (Claim)': this back posts the open amount and the additional amount drawn in the subcontract. The “Open Amount” field is set to zero. This is the default option.
'Reverse Booking (Claim, Guarantee)': the open amount and the additional amount drawn are posted back to the guarantee value of the main contract. The “Open Amount” field is set to zero.
If none of the options in the combobox are selected, the “open amount” for the contract remains unchanged.

For contracts that have already been settled, a relevant message is displayed instead of the combobox.

Requirements

An existing Guarantee Claim contract which is not closed.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.

Transaction Control

Fees

All fees not yet settled for the contract are transferred to the Settlement Panel and set to 'Settle immediately'.

Commissions

Results of this Transaction

Diaries

For more information see TRNDIA Diaries.

None

Updating/Storing of Amounts (CBS)

Liability (LIA)

All amounts posted to the liability are removed.

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.

None

Release

Signature required

Transaction Panels

Close Claim
DTAEA Fields
DTALC Fields
DTAG Fields
Liability
Settlement Details
Settlement
Bookings
Cash Cover
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions

Close Claim

Datafields

Datafield	Description
Own Reference	cf Appendix A, Table GCD field OWNREF
Own Reference	cf Appendix A, Table GID field OWNREF
Currency	cf Appendix A, Table CBB field CUR
Maximum Amount	cf Appendix A, Table CBB field AMT
Currency	cf Appendix A, Table CBB field CUR
Open Amount	cf Appendix A, Table CBB field AMT
Date of Claim	cf Appendix A, Table GCD field CLMDAT
Undertaking Type	cf Appendix A, Table GID field GARTYP
Expiry until	cf Appendix A, Table GID field EXPDAT
Expiry Type	cf Appendix A, Table GID field EXPTYP
Liability Type - Local Undertaking Seq. C	cf Appendix A, Table GID field LIATYPC
Liable until	cf Appendix A, Table GID field LIADAT
Name	cf Appendix A, Table PTS field NAM
Reference for Address (Optional)	cf Appendix A, Table PTS field REF
Name	cf Appendix A, Table PTS field NAM
Reference for Address (Optional)	cf Appendix A, Table PTS field REF
Name	cf Appendix A, Table PTS field NAM
Reference for Address (Optional)	cf Appendix A, Table PTS field REF

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