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Settling an Advance
Transaction BPTSET
This transaction is used to settle an advanced invoice. The invoiced party is debited with the amount of the invoice and the loan account of the advanced party credited. If the customer was advanced a smaller amount than settled in the invoice, the customer shall be credited with the difference.
It is also possible to settle the invoice in part-payments. In this case, the user has to enter the repayment amount. The contract remains open and is only closed with the full amount has been repaid.
Requirements
An existing Advance contract which is open and not closed.
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.
Messages concerning Participations Sold (Syndications) will be created.
| Name of Message | Receiver | Message ID | SWIFT | TCO | Comment |
|---|---|---|---|---|---|
| Settlement Notice | Advanced Party | BPTFIA1 | |||
| Debit Notice | Invoice Party | BPTINV1 |
Release
Signature required
Transaction Panels
Settle
Parties
Liability
Settlement Details
Settlement
Bookings
Completion
Messages
Attachments
Assignment
Settle
Datafields
| Datafield | Description |
|---|---|
| Parent Reference | cf Appendix A, Table BPD field PNTREF |
| Own Reference | cf Appendix A, Table BPD field OWNREF |
| Responsible User | cf Appendix A, Table BPD field OWNUSR |
| Type of Financing | cf Appendix A, Table BPD field FINTYP |
| Special Type of Financing | cf Appendix A, Table BPD field FINSUBTYP |
| Percentage | cf Appendix A, Table BPD field PCTFIN |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Amount | cf Appendix A, Table CBB field AMT |
| Opening Date | cf Appendix A, Table BPD field OPNDAT |
| Maturity Date | cf Appendix A, Table BPD field MATDAT |
| 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 Risk | cf Appendix A, Table BPD field FINRSKTYP |
| Recourse Flag | cf Appendix A, Table BPD field FINRECFLG |
| Change Risk | This checkbox is enabled only when 'Type of Risk' is 'Pre-Acceptance'. Selecting this flag clears the 'Recourse' checkbox, thereby transferring the liability from 'Advance party/ Beneficiary' to 'Issuing Bank/ Repayment party'. |
| Rate Definition | cf Appendix A, Table BPD field INTIRT |
| Interest days | cf Appendix A, Table BPD field INTDAY |
| Margin (Spread) Applied to Interest Rate | cf Appendix A, Table BPD field INTRAT |
| Currency | cf Appendix A, Table CBB field CUR |
| Nominal Amount | cf Appendix A, Table CBB field AMT |
| Document Amount to be settled | The document is reduced by the reduction amount. |
| Close Contract | Checking this box closes the current contract. |
| 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 |
Parties
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 |
| 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 |
| Country Code (for Statistics) | cf Appendix A, Table BPD field STACTY |
