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APF Funding
Transaction IATOPN
In this transaction, a direct approved finance is processed.
Processing can be done manually, semi-STP or full STP. The following describes the manual process.
If processing is done manually, the user will select the “buyer” and the “supplier” from the database. Only the parties with pairing setup (as defined in Maintain Pairing Buyer/Supplier), will be allowed to be selected. Parameter settings for the pairing such as the “Maximum Finance Percentage” will automatically be loaded.
Details of the approved Finance Base Documents (FBD) will be entered in the “Finance Base Documents” panel. The “Total Invoice Amount” is calculated automatically and the “Advance Amount” is defaulted into the respective field. The defaulting of the “Advance Amount” takes into consideration that from the “Total Invoice Amount” the “Early Settlement Discount amount” is deducted and also that it may not be higher than the “Maximum Finance Percentage”. The user may overwrite the defaulted “Advance Amount” and enter a lower amount.
Requirements
This transaction creates a new Approved Payable Finance contract.
If an existing Approved Payable Finance contract is used, it may not be opened or 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.
| Action | Description | Diary | Follow-up Transaction | Comment |
|---|---|---|---|---|
| Create | Loan overdue | 1 working day after due date | Common Messages | |
| Completed | The diary “Offer Accepted?” which has been created in APF Offer will be deleted | |||
| Replace | Repayment of APF | on due date of the Finance Base Document | APF Repayment | |
| Replace | Payment Reminder for <Type of Advance> | <x> number of days before the due date of the Finance Base Document | Common Messages | <x> days is determined, based on the number of days input in the “Payment Reminder Notice” field in the transaction “Maintain Pairing Buyer/Supplier”. If no value is defined there, the diary will be defaulted 5 days before the due date. However, this field will be enabled for input only if “Generate Payment Reminder Diary” checkbox in the same transaction “Maintain Pairing Buyer/Supplier” is selected. |
Updating/Storing of Amounts (CBS)
Liability (LIA)
Liability is booked for the “Advanced Amount” i.e. the amount for which the Approved Payable Finance is processed. The “Advance Amount” is calculated as the sum of “Finance Base Documents” (such as invoices) minus “Early Settlement Discount” multiplied by the “Maximum Finance” Percentage.
Bookings on the liability panel are done for all the documents present in the “Finance Base Document” panel. Finance Base Documents are grouped according to their due dates/maturity dates. Therefore documents with same due dates are grouped in a single row with the amount being their sum of all their document's amount reduced by Early settlement discount and Maximum finance percentage if any.
If documents are present with multiple due dates, liability will be split into multiple rows as per their respective due dates.
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 | Type | Comment |
|---|---|---|---|---|
| Funding Notice | Supplier | IATSUP1 | E-mail / Letter | When message is sent via email, a csv file is created and sent as Email attachment (for Email only). |
| Funding Notice | Buyer | IATBUY1 | E-mail / Letter | When message is sent via email, a csv file is created and sent as Email attachment (for Email only). |
Release
Transaction Panels
Overview
Finance Base Documents
Interest Details
Liability
Settlement Details
Settlement
Bookings
Cash Cover
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
DTAEA Fields
DTALC Fields
Fee Conditions
DTAG Fields
Overview
Datafields
| Datafield | Description |
|---|---|
| External Key | cf Appendix A, Table USR field EXTKEY |
| Update Finance Base Documents | cf Appendix A, Table IAD field NONINVFLG |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Amount | cf Appendix A, Table CBB field AMT |
| Early Settlement Discount Amount | cf Appendix A, Table IAD field ESDAMT |
| Early Settlement Discount Percent | cf Appendix A, Table IAD field ESDPRC |
| Opening Date | cf Appendix A, Table IAD field OPNDAT |
| 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 |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Name | cf Appendix A, Table PTS field NAM |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | cf Appendix A, Table CBB field AMT |
| External Supplier Account | cf Appendix A, Table IAD field XSAEXTKEY |
| Name | cf Appendix A, Table ACT field NAM |
| External Buyer Account | cf Appendix A, Table IAD field LOAEXTKEY |
| Name | cf Appendix A, Table ACT field NAM |
Finance Base Documents
Datafields
| Datafield | Description |
|---|---|
| Name | cf Appendix A, Table PTS field NAM |
| Name | cf Appendix A, Table PTS field NAM |
Interest Details
Compliance
DTAG Fields
