Table of Contents
Late Payment
Transaction BRTLAT
This transaction is used to enter the late payment of the equivalent document amount by debiting the account of the applicant. In rare cases it is possible that the issuing bank has to pay under the letter of credit while the applicant can not be debited at the same time (e.g. due to bankruptcy). The user then selects the option “Unpaid by applicant” in the settlement transaction Send, Accept and Settle Documents (BRTPAY) or Settle Usance Documents at Maturity (BRTSUS)) and as a result the debit booking will be done on a separate (financing) account.
If it is possible later to debit the applicant with the documents amount, this transaction should be used.
Alternatively, this transaction can be used if the bank wants to resolve the intermediate financing and convert it to a 'real' financing arrangement. To this end, the checkbox “Create financing” on the panel “Late payment” can be checked. The financing details can then be entered on the panel with the same name.
In the event that the customer is able to pay part of the document amount, this transaction can be used to debit the amount being repaid against the customer account, with the simultaneous financing of the (partial) amount still outstanding.
Further particulars on this issue are provided under “Loan”.
Requirements
An existing Import L/C Document Set contract which is not closed.
Not allowed if the applicant has not been financed.
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.
None
Updating/Storing of Amounts (CBS)
Liability (LIA)
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 | DTA/DTE | Comment |
|---|---|---|---|---|---|---|
| Late Payment | Applicant/Applicants Bank | BRTAPL1 |
Release
Signature required
Transaction Panels
Late Payment
Financing Details
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Overview
Discr./Instr.
Shipping Details
allNETT Fields
Advice of Discrepancy
Advice of Payment
Advice Details
Interest Details
Fee Conditions
DTAG Fields
Shipment Details
Interest Details
Late Payment
Datafields
| Datafield | Description |
|---|---|
| Own Reference | This field contains the reference number of the subcontract created for the respective set of documents presented under the letter of credit. cf Appendix A, Table BRD field OWNREF |
| Own Reference | cf Appendix A, Table LID field OWNREF |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Amount | cf Appendix A, Table CBB field AMT |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Document Amount | This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Date of Receipt of Documents | cf Appendix A, Table BRD field RCVDAT |
| Date of Advice of Payment | cf Appendix A, Table BRD field ADVDAT |
| Date of Expiry | cf Appendix A, Table LID field EXPDAT |
| Usance, Sight or Mixed | cf Appendix A, Table BRD field DOCFLG |
| Document Set Status | cf Appendix A, Table BRD field DOCSTA |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Amount | This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| 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. |
| Document Amount to be settled | The document is reduced by the reduction amount. |
| Instructions Received from Applicant | cf Appendix A, Table BRT field APLINS |
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 |
Compliance
Overview
Discr./Instr.
Datafields
| Datafield | Description |
|---|---|
| Discrepancies | cf Appendix A, Table BRT field DOCDIS |
| Discrepancies Modified | cf Appendix A, Table BRT field DOCDISFLG |
| Ignore Discrepancies | cf Appendix A, Table BRD field IGNDISFLG |
| Comments and Conclusions | cf Appendix A, Table BRT field COMCON |
| Settlement Instructions BR | cf Appendix A, Table BRT field SETINSBR |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Type of Advice Received | cf Appendix A, Table BRD field ADVTYP |
| Date to be Paid | cf Appendix A, Table BRD field TOTDAT |
| Date of Discrepancy Advice | cf Appendix A, Table BRD field DISDAT |
| Documents on Approval Basis | cf Appendix A, Table BRD field APPROVCOD |
Shipping Details
Datafields
| Datafield | Description |
|---|---|
| Release of Goods | cf Appendix A, Table BRD field RELGODFLG |
| Release Type | cf Appendix A, Table BRD field RELTYP |
| Request Date for Release of Goods | cf Appendix A, Table BRD field RELGODDAT |
| Expiry Date of Shipping Guarantee | cf Appendix A, Table BRD field EXPDAT |
| Transport Document Type | cf Appendix A, Table BRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table BRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table BRD field TRADAT |
| Mode of Transport | cf Appendix A, Table BRD field TRAMOD |
| Vessel Name | cf Appendix A, Table BRT field VESNAM |
| Identification of Goods | cf Appendix A, Table BRT field ROGGOD |
| Place of Delivery | cf Appendix A, Table BRT field DELPLC |
| Port of Discharge | cf Appendix A, Table BRT field PORDIS |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Release Goods to Applicant? | cf Appendix A, Table BRD field RTOAPLFLG |
| Release to Address | cf Appendix A, Table BRT field RELSTOADR |
allNETT Fields
Datafields
| Datafield | Description |
|---|---|
| Date of Transport Document | cf Appendix A, Table BRT field INC22032 |
| Shipping Route | cf Appendix A, Table BRT field INC22033 |
Advice of Discrepancy
Datafields
| Datafield | Description |
|---|---|
| Currency | cf Appendix A, Table CBB field CUR |
| Additional Amount | cf Appendix A, Table CBB field AMT |
| Charges Deducted | cf Appendix A, Table BRT field CHADED |
| Charges Added | cf Appendix A, Table BRT field CHAADD |
| Currency of Total Amount to be Paid | cf Appendix A, Table BRD field TOTCUR |
| Total Amount to be Paid | cf Appendix A, Table BRD field TOTAMT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Advice of Payment
Datafields
| Datafield | Description |
|---|---|
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Narrative (TAG 77A of MT754) | cf Appendix A, Table BRT field NARTXT77A |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Advice Details
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
