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Help Table of Contents
Settle Usance Documents at Maturity
Transaction BRTSUS
This transaction is used to settle maturities posted to an import document set at maturity. If several maturities have been posted to a document set, the system automatically proposes the next maturity for settlement.
The contract is closed when the settled amount matches the open amount. If there are several maturities in a document set for a contract, this means that the contract is only closed when the last maturity is settled.
- If the documents are to be settle value-free, this can be controlled via the Free of Payment checkbox. The collection is then settled instantly without payment. Detailed information on this option can be found under 'Free of Payment'.
Creating an Import Loan to the applicant
In addition to the normal processing of the settlement transaction, it is also possible to add an import loan. For usance documents (option 'Documentary Condition'), the Take up documents now' checkbox in the 'Send, Accept and Settle Documents' transaction has to be checked first as should the 'Create financing' checkbox on the 'Funds Settlement' panel. The financing details can then be entered on the panel with the same name.
Further details on the topic can be found under 'Loan'.
Documents Unpaid by the Applicant
When opening an import L/C, the issuing bank enters into an obligation. If L/C-compliant documents are presented, the issuing bank has to pay even if it cannot charge the applicant (if the applicant is insolvent, for instance). To ensure that payment can still be executed in such a rare situation, the Unpaid by Applicant checkbox is to be checked. The redemption value of the documents is then credited to the presenting party, whereas the drawee is debited on a separate (loan) account. If the drawee's account is to be charged at a later time, the 'Late Payment' transaction is to be used.
Assignments
Detailed information on the processing of assignments can be found under: 'Assignments'.
Requirements
An existing Import L/C Document Set contract which is not closed.
Not allowed, if no usance tenors for selected set of documents are available.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
All fees not yet settled for the contract are transferred to the Settlement Panel and set to 'Settle now'. If necessary, this setting can be changed.
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Aktion | Beschreibung | Termin | Folgetransaktion | Kommentar |
|---|---|---|---|---|
| Create | Repayment Notice of “Finance Type (e.g. Trust Receipt”) | Fälligkeit - 1 Arbeitstag | Repaying a Loan | If “Create Finance” is filled. |
| Create | Past due of “Finance Type (e.g. Trust Receipt”) | Contract is at the Past Due stage (Maturity + Grace days if any) | Past Due Loan | If “Create Finance” is filled. |
Updating/Storing of Amounts (CBS)
Liability (LIA)
Reducing the liability posted to the settled maturity.
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.
Assignments messages and messages concerning Participations Sold (Syndications) will be created.
| Name of Message | Receiver | Message ID | SWIFT | SWIFT Score | TradeConnect | DTA/DTE | Bolero | Comment |
|---|---|---|---|---|---|---|---|---|
| Advice of Payment at Maturity | Presenter | BRTADV1 | ||||||
| Settlement at Maturity | Payer | BRTAPL2 | 757 | T54 or 781* | 781 | 416 | Notes on DTA MT781; see next section | |
| Fee Notification | Payer | BRTAPL3 | 786 | The message is only available in DTA format. The 786 is only created when fees are to the recipient are settled separately from document values. If fees are settled together with the document value, fee details are provided for in the 781 and the 786 is not created. The 786 is also not created if the same type of fees (own fees/external fees) are settled in more that one booking. Notes on DTA MT781; see next section |
* The TradeConnect message can alternatively be created in DTA format if this function was activated.
Notes on DTA MT781 / MT786
The following scenarios may occur within a documentary payment:
| Scenario 1) documentary amount charged: USD 10,000.00 fees charged: USD 60.00 An MT 781 is created and no MT786 | Statement: MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M34:/POST/USD10, /TELECHAR/USD20, /SWIFT/USD30, :M35:USD10060, :M37:EUR7916,90 |
| Scenario 2) documentary amount charged: USD 10,000.00 fees charged: EUR 60.00 An MT 781 is created for the documentary amount In addition, an MT786 is generated for the fees | Statement MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M35:USD10000, :M37:EUR7869,68 Statement: MT786 :M23:USD10000, :M34:/POST/EUR10, /TELECHAR/EUR20, /SWIFT/EUR30, :M35:EUR60, :M37:EUR60, :M38:20120312 :M39:EUR60, |
| Scenario 3) Documentary amount USD 10,000.00 Charge effected per USD 5,000.00 and EUR 3,944.15 (EUR equivalent: USD 5,000.00) No fees are charged. In this case, no MT781 is created. Instead, a warning is issued “DTA MT781 cannot be created since no documentary amount is settled or the documentary amount is settled in more than one posting row.” | |
| Scenario 4) Documentary value USD 10,000.00 Fees: EUR 60.00 (charge effected: EUR 40.00 + USD 25.47) An MT 781 is created for the documentary value + USD fees. In addition, an MT 786 is created for the EUR share of the fees. | Statement MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M35:USD10025,47 :M37:EUR7869,68 Auszug MT786: :M23:USD10000, :M34:/POST/EUR10, /SWIFT/EUR50, :M35:EUR40, :M37:EUR40, :M38:20120312 :M39:EUR40, |
| Scenario 5) Documentary value: USD 10,000.00 Fees: EUR 60.00 (charge effected as EUR 40.00 + GBP 16.50)) An MT 781 is created for the documentary value. Settlement of fees is made by letter. No MT 786 can be created since MT786 cannot handle multiple currencies. | Statement MT781: :M23:USD10000, :M28:USD10000, :M29:USD10000, :M35:USD10000, :M37:EUR7869,68 |
Release
Signature required
Transaction Panels
Settling Usance Doc.
Financing Details
Interest Details
Overview
Discr./Instr.
Shipping Details
allNETT Fields
Advice of Discrepancy
Advice of Payment
Advice Details
Assignment
Participation Sold
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Interest Details
Shipment Details
Settling Usance Doc.
Datafields
| Datafield | Description |
|---|---|
| Own Reference | This field contains the reference number of the subcontract created for the respective set of documents presented under the letter of credit. cf Appendix A, Table BRD field OWNREF |
| Own Reference | cf Appendix A, Table LID 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 Document Amount | This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT |
| Date of Receipt of Documents | cf Appendix A, Table BRD field RCVDAT |
| Date of Advice of Payment | cf Appendix A, Table BRD field ADVDAT |
| Date of Expiry | cf Appendix A, Table LID field EXPDAT |
| Usance, Sight or Mixed | cf Appendix A, Table BRD field DOCFLG |
| Document Set Status | cf Appendix A, Table BRD field DOCSTA |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Amount | This field contains the amount 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 |
| Document Amount to be settled | The document is reduced by the reduction amount. |
| Currency | cf Appendix A, Table CBB field CUR |
| Document Amount Part | This field contains the document amount portion of the document set. Together with the content of the field “Additional Amount Part”, the settlement amount is calculated. |
| Additional Amount Part | This field contains the additional amount portion of the document set. Together with the content of the field “Document Amount Part”, the settlement amount is calculated. |
| Unpaid by Applicant | This box is checked if the applicant is not able to render payment of the amount due. In this case, an interim account in debited and payment made as usual. As soon as applicant is able to render payment, the 'Late Payment' transaction becomes available. |
| Close Contract | Checking this box closes the current contract. |
| Free of Payment Flag | cf Appendix A, Table BRD field FREPAYFLG |
| Book out Peak Amount | A “peak amount” is understood to be the remaining liability balance under a Letter of Credit that remains unutilized after payment of documents. The checkbox “Book out Peak Amount” can be activated when documents are taken up. If set, the application checks the contract for other pending document sets and calculates the liability amount which should be booked out under the Letter of Credit. The calculation of the amount is displayed in the warnings for the user. |
| Close L/C | Checking this box closes the Letter of Credit. |
| Reduction Amount | This amount can be part of the document amount and reduces the settlement amount. |
Financing Details
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table TRD field OWNREF |
| Parent Reference | cf Appendix A, Table TRD field PNTREF |
| Responsible User | cf Appendix A, Table TRD field OWNUSR |
| Date Issued | cf Appendix A, Table TRD field ISSDAT |
| Type of Financing | cf Appendix A, Table TRD field FINTYP |
| Special type of financing | cf Appendix A, Table TRD field FINSUBTYP |
| Type of risk | cf Appendix A, Table TRD field FINRSKTYP |
| Recourse Flag | cf Appendix A, Table TRD field FINRECFLG |
| % Financed | cf Appendix A, Table TRD field PCTFIN |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Finance Amount | cf Appendix A, Table CBB field AMT |
| Start Date Tenor | cf Appendix A, Table TRD field STTTENDAT |
| Maturity Date | cf Appendix A, Table TRD field MATDAT |
| Financing period | cf Appendix A, Table TRD field INTDAY |
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Base Rate | cf Appendix A, Table TRD field IRTCOD |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Fixed price for total maturity | Alternative fixed amount for the total term to maturity. (instead of an interest rate for 'Our margin') |
| Total interest rate | Sum of interest costs + liquidity costs + our margin The total interest rate used to calculate the commission. |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
| Surcharge Applied to Interest Rate | cf Appendix A, Table TRD field INTRAT |
| draft serial number | cf Appendix A, Table TRD field DRWVOCNUM |
| Pay supplier | cf Appendix A, Table TRD field PAYSUPFLG |
| Bill/ Usance Start Date | cf Appendix A, Table TRD field BACUSADAT |
| Standard tenor | cf Appendix A, Table TRD field BACSTDTEN |
| Currency of the financed amount | cf Appendix A, Table TRD field FINCUR |
| Financed amount (bankers acceptance) | cf Appendix A, Table TRD field FINAMT |
| Draw down method for ECR | cf Appendix A, Table TRD field ECRMET |
| Transport Document Date | cf Appendix A, Table TRD field ECRTRDDAT |
| 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 |
| Information Finance Party | cf Appendix A, Table TRT field INFPTY |
| Goods Code (for Statistics) | cf Appendix A, Table TRD field STAGOD |
| Provide Shipment Details | cf Appendix A, Table TRD field SHPFLG |
| 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 |
Interest Details
Datafields
| Datafield | Description |
|---|---|
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Pastdue Total Interest rate | Sum of ('Cash Base' + 'Liquidity Cost' + 'Past Due Margin'). The Total Interest rate used to calculate Past due commission. |
Overview
Discr./Instr.
Datafields
| Datafield | Description |
|---|---|
| Discrepancies | cf Appendix A, Table BRT field DOCDIS |
| Discrepancies Modified | cf Appendix A, Table BRT field DOCDISFLG |
| Ignore Discrepancies | cf Appendix A, Table BRD field IGNDISFLG |
| Comments and Conclusions | cf Appendix A, Table BRT field COMCON |
| Settlement Instructions BR | cf Appendix A, Table BRT field SETINSBR |
| 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. |
| 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 Advice Received | cf Appendix A, Table BRD field ADVTYP |
| Date to be Paid | cf Appendix A, Table BRD field TOTDAT |
| Date of Discrepancy Advice | cf Appendix A, Table BRD field DISDAT |
| Documents on Approval Basis | cf Appendix A, Table BRD field APPROVCOD |
Shipping Details
Datafields
| Datafield | Description |
|---|---|
| Release of Goods | cf Appendix A, Table BRD field RELGODFLG |
| Release Type | cf Appendix A, Table BRD field RELTYP |
| Request Date for Release of Goods | cf Appendix A, Table BRD field RELGODDAT |
| Expiry Date of Shipping Guarantee | cf Appendix A, Table BRD field EXPDAT |
| Transport Document Type | cf Appendix A, Table BRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table BRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table BRD field TRADAT |
| Mode of Transport | cf Appendix A, Table BRD field TRAMOD |
| Vessel Name | cf Appendix A, Table BRT field VESNAM |
| Identification of Goods | cf Appendix A, Table BRT field ROGGOD |
| Place of Delivery | cf Appendix A, Table BRT field DELPLC |
| Port of Discharge | cf Appendix A, Table BRT field PORDIS |
| 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 |
| Release Goods to Applicant? | cf Appendix A, Table BRD field RTOAPLFLG |
| Release to Address | cf Appendix A, Table BRT field RELSTOADR |
allNETT Fields
Datafields
| Datafield | Description |
|---|---|
| Date of Transport Document | cf Appendix A, Table BRT field INC22032 |
| Shipping Route | cf Appendix A, Table BRT field INC22033 |
Advice of Discrepancy
Datafields
| Datafield | Description |
|---|---|
| Additional Amount | cf Appendix A, Table CBB field AMT |
| Charges Deducted | cf Appendix A, Table BRT field CHADED |
| Charges Added | cf Appendix A, Table BRT field CHAADD |
| Currency of Total Amount to be Paid | cf Appendix A, Table BRD field TOTCUR |
| Total Amount to be Paid | cf Appendix A, Table BRD 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 |
|---|---|
| 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 |
| Narrative (TAG 77A of MT754) | cf Appendix A, Table BRT 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 |
Advice Details
Compliance
DTAG Fields
Interest Details
Datafields
| Datafield | Description |
|---|---|
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
Shipment Details
Datafields
| Datafield | Description |
|---|---|
| Shipment from | cf Appendix A, Table TRD field SHPFRO |
| Port of Loading | cf Appendix A, Table TRD field PORLOA |
| Port of Discharge | cf Appendix A, Table TRD field PORDIS |
| For Transportation to | cf Appendix A, Table TRD field SHPTO |
| Transport Document Type | cf Appendix A, Table TRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table TRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table TRD field TRADAT |
| Mode of Transport | cf Appendix A, Table TRD field TRAMOD |
| Vessel Name | cf Appendix A, Table TRT field VESNAM |
| Identification of Goods | cf Appendix A, Table TRT field ROGGOD |
| Incoterm Version | cf Appendix A, Table TRD field INCTRMVER |
| Incoterm Code | cf Appendix A, Table TRD field INCTRMCOD |
en/app/030bsi/080li/0470brtsus.txt · Last modified: 2024/02/29 12:54 (external edit)
