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Send, Accept and Settle Documents
Transaction BTTPAY
This transaction is either used to send (without settling) documents that have been presented and checked, or to send and settle those documents at the same time. This procedure is controlled via the checkbox “Take up Documents now”.
When dealing with sight documents, the default procedure is set up so that the collection is settled instantly and the contract will be closed. The system automatically defaults the “Amount Settled” since this is identical with the Document Amount of documents presented by the first beneficiary.
“Note:“ The documents of the 1st beneficiary have to be registered via transaction ”Receiving Documents from 1st Beneficiary” (BTTDCK) first. If this has not been done yet, the fields “Receive from 1st Ben.” and “Amount for 1st Ben.” on the “Send Docs.” panel are disabled.
When dealing with usance documents, in this transaction the documents are accepted, the relevant maturity posted to the liability and a temporary settlement is generated. The final settlement takes place in transaction “Settling Funds” (BTTSET). This temporary settlement cannot be generated, however, if there are several maturities in “Usance Bills Deferred” or “Usance Bills Accepted”.
With 'Mixed Payments' the sight proportion is to be determined by the user and entered in the “Amount Settled” field. The sight proportion is then settled in this transaction and the remaining amount posted to the liability to be settled at a later date.
Document sets with discrepancies can either be rejected via the transaction “Processing Discrepant Documents” (BTTDCR) or sent via transaction “Sending Documents” (BTTSND).
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”.
Adding Import Loans to the issuing bank of an Export L/C (sight documents)
To add a loan to finance sight documents, check the “Take up documents now” checkbox on the “Send and Settle Documents” panel. Furthermore, the Create financing checkbox on the Funds Settlement panel should also be checked. The financing details can then be entered on the panel with the same name.
Further particulars on this issue are provided under “Loan”.
Assignments
Detailed information on the processing of assignments can be found under: “Assignments”.
Syndications
Furthermore, syndications can also be dealt with on the panel of the same name. Detailed information on syndications can be found under “Participations Sold (Syndications)”.
Requirements
An existing set of documents with sight payment under a Transfer L/C which is open and not closed.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
If sight documents are to be settled, all fees not yet settled for the contract are transferred to the Settlement Panel and set to 'Settle now'.
| Fee Code | Set as Default | Units | from | until | Comment |
|---|---|---|---|---|---|
| BTFSET | 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 are accepted, the open amount of the document set is reduced.
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.
Assignments messages and messages concerning Participations Sold (Syndications) will be created.
Reimbursement Information messages are created under certain conditions.
| Name of Message | Receiver | Message ID | SWIFT | TCO | DTA/DTE | allNETT | Comment |
|---|---|---|---|---|---|---|---|
| Authorisation for payment, acceptance or negotation | Presenter | BTTA2T1 | 752 | ||||
| Advice of Paym./Doc. Accept. | Payer | BTTISS2 | 754 | If Checkbox “Generate MT 754” on Panel “Funds Settlement” is checked. | |||
| Document Presentation 1st Mail | Recipient of Documents | BTTPAY1 | If the “presentation date” is set and the documents have not already been presented to the Payer. | ||||
| Document template for 2nd mail Post (cover sheet) | Recipient of Documents | BTTPAY2 | If the “presentation date” is set and the documents have not already been presented to the Payer. | ||||
| Advice of Discharge | Presenter | BTTPRB1 | 732 | ||||
| Acknowledgment of Documents and Maturity Information | Presenter | BTTPRB2 | |||||
| Acknowledgment and Settlement of Documents | Presenter | BTTPRB3 | |||||
| Acknowledgment of Documents Received | Presenter | BTTPRB4 | |||||
| Acknowledgment of receipt | Presenter 1st beneficiary | BTTBE11 | |||||
| Acknowledgment | Presenter 1st beneficiary | BTTBE12 |
Release
Signature required
Transaction Panels
Send Docs.
Send Docs 2
Instr./Discrep.
Advice of Payment
Advice of Discrepancy
allNETT Fields
Discr./Instr.
Document Instructions
Funds Settlement
Financing Details
Interest Details
Assignment
Participation Sold
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Interest Details
Fee Conditions
DTAG Fields
Shipment Details
Send Docs.
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table BTD field OWNREF |
| Own Reference | cf Appendix A, Table LTD field OWNREF |
| Own Reference | cf Appendix A, Table LED field OWNREF |
| Currency | cf Appendix A, Table CBB field CUR |
| Document Amount | Amount of the presented documents cf Appendix A, Table CBB field AMT |
| Additional Amount | If this box is checked, additional amounts are available under the contract and an additional panel is available to enter details. |
| Currency | cf Appendix A, Table CBB field CUR |
| Document amount not yet settled | cf Appendix A, Table CBB field AMT |
| Document Type | cf Appendix A, Table BTD field DOCTYPCOD |
| Maturity Date | cf Appendix A, Table BTD field MATDAT |
| Presentation Date | cf Appendix A, Table BTD field PREDAT |
| Document Set Status | cf Appendix A, Table BTD field DOCSTA |
| 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 |
| 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. |
| Accept Documents now | cf Appendix A, Table BTD field ACPNOWFLG |
| Close Contract | Checking this box closes the current contract. |
| 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. |
| Date of Receipt 1st Beneficiary | cf Appendix A, Table BTD field RCVDATBE1 |
| Date of Receipt 2nd Beneficiary | cf Appendix A, Table BTD field RCVDATBE2 |
| Reduce Confirmation Liability | cf Appendix A, Table BTD field CANCNF |
Send Docs 2
Datafields
| Datafield | Description |
|---|---|
| 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. |
| 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. |
| Payer | cf Appendix A, Table BTD 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 |
| Presented by | cf Appendix A, Table BTD field DOCPRBROL |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Presented by (1st Beneficiary Side) | cf Appendix A, Table BTD field DOCPRBROLBE1 |
| 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 |
Instr./Discrep.
Datafields
| Datafield | Description |
|---|---|
| Discrepancies Modified Manually | cf Appendix A, Table BTT field DOCDISFLG |
| Discrepancies | cf Appendix A, Table BTT field DOCDIS |
| Internal Discrepancies | cf Appendix A, Table BTT field INTDIS |
| Remarks to Payee | cf Appendix A, Table BTT field COMCON |
| Settlement Instructions | cf Appendix A, Table BTT field SETINSBT |
| Send Documents to Another Address | cf Appendix A, Table BTD field DOCROLFLG |
| Receiver of Documents | cf Appendix A, Table BTD field DOCROL |
| Further Handling | This field allows to select further steps in the processing of documents received. |
| Documents on Approval Basis | cf Appendix A, Table BTD field APPROVCOD |
| Date Discrepancies Advised | cf Appendix A, Table BTD field DISDAT |
Advice of Payment
Datafields
| Datafield | Description |
|---|---|
| Additional Amount | cf Appendix A, Table CBB field AMT |
| Charges Deducted | cf Appendix A, Table BTT field CHADED |
| Charges Added | cf Appendix A, Table BTT field CHAADD |
| Currency of Total Amount to be Paid | cf Appendix A, Table BTD field TOTCUR |
| Total Amount to be Paid | cf Appendix A, Table BTD 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 |
| 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 |
| Date to be Paid | cf Appendix A, Table BTD field TOTDAT |
| Narrative (TAG 77A of MT754) | cf Appendix A, Table BTT field NARTXT77A |
Advice of Discrepancy
allNETT Fields
Datafields
Discr./Instr.
Datafields
Document Instructions
Funds Settlement
Datafields
| Datafield | Description |
|---|---|
| Free of Payment | cf Appendix A, Table BTD field FREPAYFLG |
| 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. |
Compliance
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 |
DTAG Fields
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 |
