User Tools
Add this page to your book 
Remove this page from your book 
Manage book (
Help Maintaining Product Liability Account
Transaction DBIPRA
Liability accounts can be defined and configured, party wise (i.e., to be picked up from liability party's EN type of account) from Maintaining Accounts.
Likewise, liability accounts can also be defined and configured for business products (ex: Import LC Sight, Advance payment Guarantee etc.). This transaction is used for that purpose. Liability accounts and the Counter (contra) account for the same can be defined in this transaction.
Using this transaction, liability accounts can be defined based on combinations of Business sector, Product code, Sub type and Variant. Here, business sector definition is mandatory, whereas other combinations such as 'product code', 'sub-type' and 'variant' are optional. Thereby, as a bare minimal, liability accounts can be defined for a business sector alone (i.e., Import LC, Export LC, Guarantee, etc.), or maximum up to a combination of Business sector, Product code, Sub type and Variant.
For definition, 'Type of liability', 'Liability account' and 'Liability Counter account' are mandatory.
If different liability accounts are to be defined for different currencies, the combo box 'Use Contract Currency' can be used. If used, options to prefix/suffix the contract currency to the liability account can be selected.
Note: This transaction is linked to the product code definition transaction Maintaining Product Codes. Therefore, for creating liability accounts for a product code combination, a record must already exist for that product code combination in Maintaining Product Codes. Example: For creating a liability account for business sector Export LC for the below combination:
- Product code: Export LC Usance
- Product Subtype: Confirmed
- Product Variant: Foreign
a record with same combination has to exist in Maintaining Product Codes, for product code Export LC Usance, with:
- Available by: By Acceptance
- Domestic Flag: Empty
- Confirmation Instr.(LE): Yes
The following transactions can be started from here by clicking the icons in the list below for:
Printing Product Liability Account
Creating Product Liability Account List
Showing Version Log of the modifications to the Product Liability Accounts
/
Transaction Panels
Product Code
Datafields
| Datafield | Description |
|---|---|
| Product Code | It is a set of codes defined by the bank to associate it with the type of product. Once defined, this is auto populated in the business transaction based on the defined logic. The bank can then use the Product codes for their own purpose like updating references based on the codes etc. E.g. A Product code for Import Letters of Credit can be based on field 'Available by' that distinguishes if it is a Sight or Usance L/C . |
| Product Subtype | It is a sub level of classification for the Product Codes defined already. Once defined, this is auto populated in the business transaction based on the defined logic. E.g. A Product Subtype for Import Letters of Credit can be based on field 'Confirmation Instructions'. |
| Product Variant | It is a variant for the Product codes and sub type defined already. Once defined, this is auto populated in the business transaction based on the defined logic. E.g. A Product Variant for Import Letters of Credit can be based on field 'Domestic' . |
| Type of Liability | It lists the types of liabilities used across the business sectors used for different transactions under different scenarios. |
| Liability account | Specifies the liability account for the selected liability used in the defined product/sub-product grouping. |
| Use contract currency | Used to add contract currency as a prefix/suffix to the liability account. |
| Counter account | The contra/counter account for the liability account defined for the product/sub-product grouping. Note: These may not be applicable for some types of liability such as FIN. |
| Use contract currency | Used to add contract currency as a prefix/suffix to the liability counter account |
