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Repayment / Recourse
Transaction BPTCRF
Documents that have been fully or partially advanced by the bank in favor of its customer may still be returned and/or refused by the issuing bank or the collecting bank. If the advance was granted with the option of recourse to the customer, the bank can reclaim the advanced amount plus whatever interest is due.
If under a transfer LC an advance was made to the first and second beneficiary side, the repayment is done on a pro rata basis for both parties.
The contract can only be closed when the amount settled matches the open amount (if only part-payment is made, the contract remains open).
Requirements
An existing Advance contract which is open and not closed.
The Advance may not be fully paid.
Not allowed if advance contract is without recourse
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
When the advance has been fully repaid, 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)
Both the open amount and the liability relating to the contract are reduced by the amount paid.
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.
Messages concerning Participations Sold (Syndications) will be created.
| Name of Message | Receiver | Message ID | SWIFT | TCO | Comment |
|---|---|---|---|---|---|
| Repayment Notice | Advanced Party | BPTFIA1 |
Release
Signature required
Transaction Panels
Repayment
Parties
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Participation Sold
Fee Conditions
Assignment
DTAG Fields
Repayment
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table BPD field OWNREF |
| Parent Reference | cf Appendix A, Table BPD field PNTREF |
| Type of Financing | cf Appendix A, Table BPD field FINTYP |
| Special Type of Financing | cf Appendix A, Table BPD field FINSUBTYP |
| Type of Risk | cf Appendix A, Table BPD field FINRSKTYP |
| Roll-Over Financing | cf Appendix A, Table BPD field ROLOVRFLG |
| Recourse Flag | cf Appendix A, Table BPD field FINRECFLG |
| Margin (Spread) Applied to Interest Rate | cf Appendix A, Table BPD field INTRAT |
| 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 |
| 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 |
| Document Amount to be settled | The document is reduced by the reduction amount. |
| Close Contract | Checking this box closes the current contract. |
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 |
Compliance
DTAG Fields
