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Settle Participation
Transaction PATSET
The participant must pay under a passive participation upon receipt of a claim from the correspondent bank. The correspondent bank can only claim for up to the outstanding participated amount.
In such a rare case, the participant must pay to the correspondent bank without delay. The correspondent bank will deal with the issuing bank with whatever is necessary.
If the contract is closed by being paid in full, the closing date of the contract is set to today's date.
Requirements
An existing Participation 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.
| Name of Message | Receiver | Message ID | SWIFT | TCO | DTA/DTE | Comment |
|---|---|---|---|---|---|---|
| Advice | Correspondent Bank | PATAGB1 |
Release
Signature required
Transaction Panels
Funds Settlement
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Funds Settlement
Datafields
| Datafield | Description |
|---|---|
| Own Reference | cf Appendix A, Table PAD field OWNREF |
| Business Sector for Participation | cf Appendix A, Table PAD field BUSSEC |
| Percentage of Amount | cf Appendix A, Table PAD field PERINT |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Participation 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 |
| Opening Date | cf Appendix A, Table PAD field OPNDAT |
| Silent Participation | cf Appendix A, Table PAD field SILFLG |
| Participation Date of Expiry | cf Appendix A, Table PAD field EXPDAT |
| Date L/C or guarantee opened | cf Appendix A, Table PAD field OPNDATLC |
| Date of Expiry | cf Appendix A, Table PAD field EXPDATLC |
| 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. |
| Close Contract | Checking this box closes the current contract. |
Compliance
DTAG Fields
