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Processing Discrepant Documents
Transaction BETDCR
This transaction is used when presented documents cannot be accepted nor sent due to discrepancies. In this case, the bank keeps the documents for the time being. The transaction is used as long as clarification is required. Afterwards, the Send, Accept and Settle Documents (BETPAY) transaction is used to send the documents.
Furthermore, documents can be rejected and the relevant party informed of such.
If the checkbox “Return of Documents” is checked, the documents will be rejected and sent back to the presenting bank and the contract will be closed. This can also be seen from the “Close Contract” checkbox that is also automatically checked.
If just the rejection advice is to be sent, the “Send Advice of Refusal (MT734)” checkbox is to be checked. In this context the order date also has to be entered in the “Order Date” field. Only then it is possible to claim back the document amount. For this purpose the checkbox “Claim back Document Amount” is to be checked.
If just the discrepancy advice is to be sent, the checkbox “Send Advice of Discrepancy (MT750)” needs to be checked.
If the “Rejection depending on Instructions” checkbox on the “Discrepancy/Refusal” panel is checked, the rejection is not final. In this case, the contract is not closed and the liability is not reversed. Documents are only then be settled, or the contract closed when the opening bank issues its final acceptance/rejection of documents.
If the documents are returned or definitely rejected, all fees not yet settled for the contract are transfered to the Settlement Panel and set to 'Settle now'.
Requirements
An existing Export L/C Document Set contract which is not closed.
There has to be an open amount, but no open advances.
The document set may not have been refused and returned
Incoming Messages
| Channel | Description | MT | Description | Comment |
|---|---|---|---|---|
| S | SWIFT | 734 | Advice of Refusal | |
| S | SWIFT | 738 | LC Discrepant Presentation Response Index |
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
| Fee Code | Set as Default | Units | from | until | Comment |
|---|---|---|---|---|---|
| BEFDIS | Yes | 1 | today | today |
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
None
Updating/Storing of Amounts (CBS)
If the documents have been definitely rejected, the open amount of the document set is set to zero.
Liability (LIA)
Reduce the amounts posted in the liability by the document amount. If the document amount is greater than the open amount, the liability available in the contract is reduced to zero.
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 | DTA/DTE | Bolero | Comment |
|---|---|---|---|---|---|---|---|---|
| Advice of Refusal | Presenting Party | BETBEN1 | 734 | 733/734 | T34 | If the “Send Advice of Refusal” (MT734) checkbox has been checked. | ||
| Return of Documents | Presenting Party | BETBEN2 | If the “Return Documents” checkbox has been checked. | |||||
| Advice of Discrepancies | Payer | BETISS1 | 750 | If the “Send Advice of Discrepanies” (MT750) checkbox has been checked. | ||||
| Acknowledgment | Presenting Party | BETPRB4 | 730 | 737 | 770 (in DTAEAD Format) | DTAEAD 770 | 486 | If “Send Advice of Refusal (MT734)” and/or “Return Documents” checkboxes are unchecked. |
Release
Signature required
Transaction Panels
Details
Discrepancies/ Refusal Details
Overview
Advice of Discrepancy
Advice of Payment
Advice Details
allNETT Fields
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Details
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table BED field OWNREF |
| Own Reference | cf Appendix A, Table LED 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 |
| Document Type | cf Appendix A, Table BED field DOCTYPCOD |
| Maturity Date | cf Appendix A, Table BED field MATDAT |
| Date of Receipt of Documents | cf Appendix A, Table BED field RCVDAT |
| Presentation Date | cf Appendix A, Table BED field PREDAT |
| Document Set Status | cf Appendix A, Table BED field DOCSTA |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Amount | This field contains the amount which is still 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 |
| Order Date | cf Appendix A, Table BED field ORDDAT |
| Return of Documents | cf Appendix A, Table BED field ADVDOCFLG |
| Close Contract | Checking this box closes the current contract. |
| Payer | cf Appendix A, Table BED field DOCPYRROL |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Presented by | cf Appendix A, Table BED field DOCPRBROL |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
Discrepancies/ Refusal Details
Datafields
| Datafield | Description |
|---|---|
| Internal Discrepancies | cf Appendix A, Table BET field INTDIS |
| Discrepancies Modified | cf Appendix A, Table BET field DOCDISFLG |
| Discrepancies | cf Appendix A, Table BET field DOCDIS |
| 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. |
| Reasons for Rejection | cf Appendix A, Table BET field DOCINS |
| Disposal of Documents | cf Appendix A, Table BET field DISDOC |
| Rejection pending instructions | This box is checked if the rejection is to be extended until further instructions are received. |
Overview
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 BET field CHADED |
| Charges Added | cf Appendix A, Table BET field CHAADD |
| Currency of Total Amount to be Paid | cf Appendix A, Table BED field TOTCUR |
| Total Amount to be Paid | cf Appendix A, Table BED 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 |
|---|---|
| Date to be Paid | cf Appendix A, Table BED field TOTDAT |
| Narrative (TAG 77A of Incoming MT754) | cf Appendix A, Table BET 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 |
| 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
Datafields
allNETT Fields
Datafields
Compliance
DTAG Fields
