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Closing
Transaction PATCAN
This transaction is used to close a participation contract, if information is received, for example, indicating that the underlying L/C has expired. The closing date of the contract is set to today's date.
Requirements
An existing Participation contract which is open and not closed.
There cannot be any Export L/C document sets with open amounts.
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 immediately'.
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Completed | Delete all Diaries |
Updating/Storing of Amounts (CBS)
The open amount of the contract remains unchanged.
Liability (LIA)
All amounts posted to the liability are removed.
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 of Cancelation | Correspondent Bank | PATAGB1 |
Release
Signature required
Transaction Panels
Cancelation
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Cancelation
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 |
Compliance
DTAG Fields
