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Request for Binding Offer
Transaction ECTPOP
Using this transaction, the bank issues a binding offer for the export finance transaction (usually in the form of a 'Binding Offer / Letter of Intent' under a buyer's credit).
Before the bank can issue a binding offer, the credit application must be approved internally, i.e., the date the credit is approved must be set.
The financing offer can be sent to a selected message recipient, for example the exporter, to enable him to finalize the commercial part of the supply contract with his buyer based on the offer. The offer is binding for the bank until the acceptance period expires.
The contractual information may no longer be changed, as the credit has already been approved based on the information entered.
Requirements
A binding offer under an export finance can be done in this transaction.
When an existing export finance is used, it may not be closed and it must be in status “Offer”.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
None
Commissions
None
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Create | Expiry reminder of offer time limit | Date of Offer Validity | Offer Acceptance | IF a “Date of Offer Validity” was entered |
Updating/Storing of Amounts (CBS)
| Amount (CBS column acc. to code table CBCTXT) | CBS Entry type (acc. to code table CBTTXT) | External ID | Booking in/out | contract group | Description | Comment |
|---|---|---|---|---|---|---|
| Maximum Amount (MAXSUM) | Change Maximum Amount (MAXAMT) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | To the level of maximum credit limit entered |
| Nominal Amount (NOMSUM) | Change Nominal Amount (NOMAMT) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | Corresponds to the maximum credit limit minus the IDC amount entered |
| IDC Amount (Interest During Construction) (IDCSUM) | IDC Amount (Interest During Construction) (IDCAMT) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | To the level of IDC Amount entered |
| Open Amount (OPNSUM) | Open Amount (OPNAMT) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | Corresponds to the nominal amount |
| Interest Amount (INTSUM) | Interest Amount (INTRSK) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | Total interest from all temporary repayment schedules saved under the contract |
| Unutilized Amount (UPASUM) | Unutilized Amount (UPAAMT) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | Corresponds to the nominal amount provided no disbursements have been made yet under the contract. |
| Own Take (RSKSUM) | Own Take (RSKAMT) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | Corresponds to the maximum credit limit minus the IDC amount entered (and hence the nominal amount, if no participants are saved in the contract). If sub-participations exist in the contract, then the own take corresponds to the maximum credit limit minus the total for all participants. |
| Unutilized Amount (Own Take) (UNSSUM) | Unutilized Amount (Own Take) (UNSAMT) | AMT1 | inbooking/ update | ECDGRP and EFDGRP | offer | Corresponds to the own take provided no disbursements have been made yet under the contract. |
Liability (LIA)
No adjustment of liability, since neither the maximum credit limit nor the collateral can be changed.
See Liability for general information about liability handling in this business module.
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 | Comment |
|---|---|---|---|
| Financing Offer | Selected Party | ECTBOR1 | Only if “Receiver of Message” was selected |
Release
Transaction Panels
Binding Offer
Overview
Amount Details
Dossier Splitting
Dossier Details
Collateral
Parties
Date Details
Settlement Details
Settlement
Completion
Messages
Attachments
Participations
Binding Offer
Datafields
| Datafield | Description |
|---|---|
| Reference of Export Finance | cf Appendix A, Table ECD field OWNREF |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Limit Amount | The Maximum Limit Amount is the most important amount field as it reflects the amount of the financing and is the basis for the bank internal approval process, liability booking, utilizations and calculations that are handled in this business module. The Maximum Limit Amount specifies the Credit Element Amount converted into the currency of the requested export financing. It is the sum of the Financed Amount (Bankportion) plus any fees, premiums or IDC amount that are financed by the bank. cf Appendix A, Table CBB field AMT |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | cf Appendix A, Table CBB field AMT |
| Currency | cf Appendix A, Table CBB field CUR |
| Own Take Amount | The Own Take Amount reflects the bank's risk. It is calculated in the currency of the maximum limit amount. Participations under the export finance reduce the Own Take of the bank. cf Appendix A, Table CBB field AMT |
| Date of Creation (Export Finance) | cf Appendix A, Table ECD field CREDAT |
| Date of Last Amortisation | cf Appendix A, Table ECD field EXPDAT |
| Type of Finance | cf Appendix A, Table ECD field FINTYP |
| Contract Status | cf Appendix A, Table ECD field CONSTA |
| Name of Frame Agreement in Static Data | cf Appendix A, Table ERK 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 |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Date of Binding Offer To Customer | cf Appendix A, Table ECD field OTCDAT |
| Date of Offer Validity | cf Appendix A, Table ECD field OTLDAT |
Overview
Datafields
| Datafield | Description |
|---|---|
| Reference of Frame Agreement | cf Appendix A, Table ERK field EXTKEY |
| Responsible User | cf Appendix A, Table ECD field OWNUSR |
| Responsible Service User | cf Appendix A, Table ECD field SRVUSR |
| Product Type | cf Appendix A, Table ECD field PRDTYP |
| Limit Code | cf Appendix A, Table ECD field LKRTYP |
| Credit Type | cf Appendix A, Table ECD field CRDTYP |
| Multi-Source Flag | cf Appendix A, Table ECD field MSCFLG |
| Flag 'With IDC Amount' (Interest During Construction) | cf Appendix A, Table ECD field CHKIDC |
| Working Capital Loan Flag | cf Appendix A, Table ECD field FORFLG |
| Discounting Flag | cf Appendix A, Table ECD field DSCFLG |
| Project Name | cf Appendix A, Table ECD field PRJNAM |
| Contract Reference | cf Appendix A, Table ECD field CTRREF |
| Goods | cf Appendix A, Table ECD field GOODS |
| Withholding Tax | cf Appendix A, Table ECD field HOLTAX |
| Percentage of Withholding Tax | cf Appendix A, Table ECD field TAXPRC |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Country Code (for Statistics) | cf Appendix A, Table ECD field STACTY |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
Amount Details
Datafields
| Datafield | Description |
|---|---|
| Currency Original Amount | cf Appendix A, Table ECD field ORICUR |
| Delivery Value (Contract Amount) | cf Appendix A, Table ECD field CTRAMT |
| Percentage of Delivery Value | cf Appendix A, Table ECD field CTRAMTPCT |
| Advance Payment (Cash) Amount | cf Appendix A, Table ECD field ADCAMT |
| Advance Payment (Cash) Percentage | cf Appendix A, Table ECD field ADCAMTPCT |
| Advance Payment (Financed) Amount | cf Appendix A, Table ECD field ADFAMT |
| Advance Payment Financed Percentage | cf Appendix A, Table ECD field ADFAMTPCT |
| Interim Payment (Cash) Amount | cf Appendix A, Table ECD field INCAMT |
| Interim Payment (Cash) Percentage | cf Appendix A, Table ECD field INCAMTPCT |
| Interim Payment (Financed) Amount | cf Appendix A, Table ECD field INFAMT |
| Interim Payment Financed Percentage | cf Appendix A, Table ECD field INFAMTPCT |
| Financed Amount (Bankportion) | cf Appendix A, Table ECD field BNFAMT |
| Bankportion Financed Amount Percentage | cf Appendix A, Table ECD field BNFAMTPCT |
| Bankportion Financed Amount (Converted) | cf Appendix A, Table ECD field BNFAMTXRT |
| Fee Financed Amount | cf Appendix A, Table ECD field FEFAMT |
| Premium, Fee Financed Percentage | cf Appendix A, Table ECD field FEFAMTPCT |
| Fee Financed Amount (Converted) | cf Appendix A, Table ECD field FEFAMTXRT |
| IDC (Interest During Construction) | cf Appendix A, Table ECD field IDCAMT |
| IDC (Interest During Construction) Percentage | cf Appendix A, Table ECD field IDCAMTPCT |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | The IDC Amount reflects the interest that occurs during the construction phase converted into the currency of the export finance. The IDC Amount can not be utilized/ drawn under the finance. cf Appendix A, Table CBB field AMT |
| Credit Element (Original Amount) | cf Appendix A, Table ECD field ORIMAX |
| Credit Element Financed Percentage | cf Appendix A, Table ECD field ORIMAXPCT |
| Static Rate (Credit Element / Max. Limit Amount) | cf Appendix A, Table ECD field XRTRATMAX |
| Bank's Own Take (in original currency) | cf Appendix A, Table ECD field OWNAMT |
| Banks Own Take Converted | cf Appendix A, Table ECD field OWNAMTXRT |
| Static Rate of Own Take | cf Appendix A, Table ECD field XRTRATRSK |
| Banks Own Take Percentage | cf Appendix A, Table ECD field OWNAMTPCT |
Dossier Splitting
Datafields
| Datafield | Description |
|---|---|
| Total Dossier Amount | This field specifies the total amount of all dossiers under the export finance. |
| Amount Difference | This field calculates the difference between the maximum limit amount and the total amount of all dossiers under the export finance. The amount difference must be zero in order to be able to store the contract. |
Dossier Details
Datafields
| Datafield | Description |
|---|---|
| Request for Payment Borrower Principal in Days | cf Appendix A, Table ECD field RFPBORPRI |
| Request for Payment Borrower Interest in Days | cf Appendix A, Table ECD field RFPBORINT |
| Request for Payment Borrower Commission in Days | cf Appendix A, Table ECD field RFPBORCOM |
| Request for Payment Borrower Drawdown in Days | cf Appendix A, Table ECD field RFPBORDRW |
| Request for Payment Exporter Principal in Days | cf Appendix A, Table ECD field RFPEXPPRI |
| Request for Payment Exporter Interest in Days | cf Appendix A, Table ECD field RFPEXPINT |
| Request for Payment Exporter Commission in Days | cf Appendix A, Table ECD field RFPEXPCOM |
| Request for Payment Exporter Drawdown in Days | cf Appendix A, Table ECD field RFPEXPDRW |
| Request for Payment Participations Principal in Days | cf Appendix A, Table ECD field RFPPATPRI |
| Request for Payment Participations Interest in Days | cf Appendix A, Table ECD field RFPPATINT |
| Request for Payment Participations Commissions in Days | cf Appendix A, Table ECD field RFPPATCOM |
| Request for Payment Participations Drawdown in Days | cf Appendix A, Table ECD field RFPPATDRW |
| Roll Over | cf Appendix A, Table ECD field ROLOVR |
| Reference Rate for Margin | cf Appendix A, Table ECD field MRGREFRAT |
| Margin Bank | cf Appendix A, Table ECD field MRGBNK |
| Fixing | cf Appendix A, Table ECD field MRGFXG |
| Margin Exporter | cf Appendix A, Table ECD field MRGEXP |
| Fixing - Free Text (Exporter) | cf Appendix A, Table ECT field MRGFXGTXT |
| Margin Skim Participation | cf Appendix A, Table ECD field MRGPAT |
| Suspension Posting in Days | cf Appendix A, Table ECD field SUSPST |
| Request for Financial Statements | cf Appendix A, Table ECD field FINSTADAT |
| Applicable Law Loan Agreement | cf Appendix A, Table ECD field LAWLA |
| Applicable Law Export Agreement | cf Appendix A, Table ECD field LAWEA |
| Applicable Law Delivery Contract | cf Appendix A, Table ECD field LAWDC |
| Place of Jurisdiction Loan Agreement | cf Appendix A, Table ECD field JURLA |
| Place of Jurisdiction Export Agreement | cf Appendix A, Table ECD field JUREA |
| Place of Jurisdiction Delivery Contract | cf Appendix A, Table ECD field JURDC |
For explanation see dossier details.
Parties
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 |
Date Details
Datafields
| Datafield | Description |
|---|---|
| Label Date of Exporter Agreement | cf Appendix A, Table ECD field BEXDATLAB |
| Date of Request | cf Appendix A, Table ECD field ORDDAT |
| Date of Approval | cf Appendix A, Table ECD field VCRDAT |
| Date Offer Accepted By Customer | cf Appendix A, Table ECD field OACDAT |
| Date of Loan Agreement / Export Agreement | cf Appendix A, Table ECD field OPNDAT |
| Date of Exporter Agreement | cf Appendix A, Table ECD field BEXDAT |
| Date of Handover Protocol | cf Appendix A, Table ECD field PRTDAT |
| Date of Refusal / Closing Date | cf Appendix A, Table ECD field CLSDAT |
| Date of First Drawdown | cf Appendix A, Table ECD field FSTDAT |
| Date of Last Drawdown | cf Appendix A, Table ECD field FULDAT |
en/app/030bsi/170ec/0210ectpop.txt · Last modified: 2024/02/29 12:56 (external edit)
