User Tools
en:app:030bsi:060gi:0390gitcrq
Book Creator
Add this page to your book
Add this page to your book Book Creator
Remove this page from your book
Remove this page from your book 
Manage book (
Help Table of Contents
Receiving a Request of a Claim
Transaction GITCRQ
This transaction is used to register a claim request under a guarantee/standby L/C or, depending on the type of transaction, to transfer a claim to the issuing bank. The claim can include the full undertaking amount or a part of it.
A “Request of Claim” represents a sub-contract in the application. This makes it possible to handle more than one claim under a guarantee/standby L/C simultaneously.
Type of Claim
A variety of claim types can be selected:
- Normal claim
- “Extend or Pay”
Claim just prior to expiry date with the request to extend or to pay. - “Claim/Payment under Cancelation”
The guarantee is registered as closed directly after the claim has been paid.
Furthermore, the application offers various diary and registration options in processing the claim.
Requirements
An existing Guarantee contract which is open and not closed.
The open amount may not be zero and the number of pending claims must be less than 99.
This transaction creates a new Guarantee Claim.
Therefore no existing Guarantee Claim contract may le loaded.
Incoming Messages
| Channel | Description | MT | Description | Comment |
|---|---|---|---|---|
| S | SWIFT | 712 | Demand for payment under Guarantee / Standby LC | |
| S | SWIFT | 750 | Advice of Discrepancy | |
| S | SWIFT | 752 | Authorization to Pay/Accept/Neg | |
| S | SWIFT | 754 | Advice of Pay/Accept/Negotiate | |
| S | SWIFT | 765 | Guarantee/Standby Letter of Credit Demand |
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
| Fee Code | Set as Default | Units | from | until | Comment |
|---|---|---|---|---|---|
| ZZFHND | Yes | 1 | today | today |
Commissions
Results of this Transaction
Depending on the selection in combobox “Further Processing”, this transaction creates an auto-registration for “Paying a Claim” to settle the claim or for transaction “Amending” to extend the guarantee.
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Create | Follow up Pay or Extend claim | Today + 5 working days | Common Messages | If “Further Processing” = 'Diary entry for further processing' and “Extend or Pay” is checked and the “Latest date for reply” has not been set. |
| Create | Follow up Pay or Extend claim | Latest date for reply | Common Messages | If “Further Processing” = 'Diary entry for further processing' or 'Waiting for answer', and “Extend or Pay” is checked and the “Latest date for reply” has been set. |
| Create | Diary entry for further processing | Today + 5 working days | Common Messages | If “Further Processing” = 'Diary entry for further processing' and “Extend or Pay” is not checked. |
| Create | Diary entry for further processing | Latest date for reply | Common Messages | If “Further Processing” = 'Diary entry for further processing' and “Extend or Pay” is checked |
| Create | Guarantee is subject to URDG 758: Pay, Reject or Defer the Claim | Today + 5 working days | Paying a Claim | If “Form of Obligation” = 'Guarantee (ICC 758)' |
| Create | Guarantee/ Standby LC Extension | Today + 30 working days | Amending | If “Form of Obligation” = 'Guarantee' and “Extend or Pay” has not been checked |
| Create | Reinstatement | Claim date + Reinstatement days (working days) | Internal Amendment | Only applicable, If “Undertaking Type” = 'Direct Pay (Reinstatement)' |
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 | SWIFT Score | TCO | DTG | Bolero | allNETT | Comment |
|---|---|---|---|---|---|---|---|---|---|
| Advice of Claim | Selected Party in “Payer” | GITAPL1 | 765 | 777<765>, 779<765> | G08, G10 | G08, G10 | 428 | If “Further Processing” is not 'Diary for further processing' And if “Extend or Pay” checkbox is set, MT777<765> is sent else MT779<765> is sent |
|
| Notification of Advised Payment | Applicant | GITAPL2 | 753 | If checkbox 'Received MT754. Send MT753' is selected. | |||||
| Acknowledgment | Selected Party in “Presented by” | GITBEN1 | 714 | If “Further Processing”='Acknowledgment of Receipt' | |||||
| Acknowledgment of Documents | Beneficiary | GITBEN2 | 753 | If checkbox 'Send MT753' is selected. | |||||
| Advice of Discrepancies | Selected Party in “Payer” | GITOTH1 | 750 | 748<750> | If “Further Processing”='Send Advice of Discrepancy' |
Release
Signature required
Transaction Panels
Claim
Instructions of Bank
Details
Direct Payment
DTAG Fields
Liability
Settlement Details
Settlement
Bookings
Completion
Messages
Compliance
Attachments
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 |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Guarantee Amount | This is the open guarantee amount. cf Appendix A, Table CBB field AMT |
| Undertaking Type | cf Appendix A, Table GID field GARTYP |
| Expiry until | cf Appendix A, Table GID field EXPDAT |
| Liable until | cf Appendix A, Table GID field LIADAT |
| Date of Claim | cf Appendix A, Table GCD field CLMDAT |
| 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 |
| Currency | cf Appendix A, Table CBB field CUR |
| Additional Amount | cf Appendix A, Table CBB field AMT |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | cf Appendix A, Table CBB field AMT |
| Further processing | This combobox allows the user to select the next step in the application, i.e. what he would like to do next. Any option in the combobox can be selected by the user. All options except 'Diary for further processing' will create the 'Advice of Claim Message' to the applicant side. The selection 'Wait for Response' triggers no further action. The selection 'Register Settlement of Claim' stores an autoregistration for the subsequent claim payment transaction. The selection 'Diary for further Processing' sets a diary entry to follow up the contract or to pay or extend the claim. The selection 'Register for Extension now' stores an autoregistration for the subsequent guarantee amendment. The selection 'Acknowledgment of Receipt' will generate an outgoing letter for the presenter. |
| Validity Requested | cf Appendix A, Table GCD field NEWEXPDAT |
| Extend or Pay | Check this box if the utilization is an 'Extend or Pay' utilization. In this case the 'Requested Validity' field is enabled. |
| Payment under Cancelation of Guarantee | cf Appendix A, Table GCD field CANNOWFLG |
| Text of claim | This field contains the text of the utilization |
| Presented by | cf Appendix A, Table GCD field DOCPRBROL |
| 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 |
| Payer | cf Appendix A, Table GCD field PAYROL |
| 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 |
Instructions of Bank
Details
Datafields
| Datafield | Description |
|---|---|
| Demand Statement | cf Appendix A, Table GCD field DEMSTAT |
| Additional Amount Information | cf Appendix A, Table GCT field ADDAMTINF |
| Presetation Completion Details | cf Appendix A, Table GCT field PRESENTDET |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Name | cf Appendix A, Table PTS field NAM |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Name | cf Appendix A, Table PTS field NAM |
Direct Payment
Datafields
| Datafield | Description |
|---|---|
| Currency | cf Appendix A, Table CBB field CUR |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | cf Appendix A, Table CBB field AMT |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | cf Appendix A, Table CBB field AMT |
| Maximum Guarantee Amount | This field contains the nominal amount of the undertaking. cf Appendix A, Table CBB field AMT |
| Reinstatement Principle Amount | cf Appendix A, Table GID field DIPREIFLG1 |
| Reinstatement Interest Amount | cf Appendix A, Table GID field DIPREIFLG3 |
| Reinstatement Days | cf Appendix A, Table GID field DIPREIDAY |
| Payment Date | cf Appendix A, Table GCD field PAYDAT |
| Reinstatement Principle Amount | cf Appendix A, Table GCD field DIPREIFLG1 |
| Reinstatement Interest Amount | cf Appendix A, Table GCD field DIPREIFLG3 |
| Reinstatement Days | cf Appendix A, Table GCD field DIPREIDAY |
DTAG Fields
Compliance
en/app/030bsi/060gi/0390gitcrq.txt · Last modified: 2024/02/29 12:59 (external edit)
