Receivable Finance Offer

Transaction RFTPOP

In this transaction, a Receivable Finance Offer is processed.

The parties involved are Supplier, Buyer and the Funding Institute. A “Financing Reservation” (FIO) liability is reserved under the buyer for the “finance amount”, as the buyer is the party who is responsible to pay the documents on due date.

As this is a mass business, processing is automated in the application using transaction Create Pending Entries. Here, all the FBD's that were loaded into the pool using transaction Add Invoice Set are picked automatically per each buyer supplier pairing configuration and a SPT is created. The SPT's can then be processed automatically using transaction Manager for Automatic Execution of Pending Items.

The offer process can of course also be done manually, where the user selects the “buyer” and the “supplier” from the database, after which information such as the “Maximum Finance Percentage” as defined in transaction Maintain Pairing Buyer/Supplier will automatically be loaded. Then, the “Finance Base Documents” are either entered manually or can be selected using “Add select” button from the Finance Base Documents pool in the respective panel.

The “Invoice Set Amount” is calculated automatically once the documents are entered and the “Finance Amount” is calculated based on the “Maximum Finance Percentage” of the “Invoice set amount”. This is then defaulted into the respective field.

Saving the offer will generate correspondence to the buyer and supplier with the offer and invoice details, then the next step is to proceed onto the transaction Opening Receivable Finance.

Requirements

This transaction creates a new Receivable Finance contract.
If an existing Receivable 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
Replace	Financing	Intended Finance date	Opening Receivable Finance

Updating/Storing of Amounts (CBS)

Liability (LIA)

A “Financing Reservation” (FIO) liability is reserved under the buyer for the “finance amount”.

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
Finance Offer	Supplier	RFTSUP1				The message can be sent as letter or email only.
Finance Offer	Buyer	RFTBUY1				The message can be sent as letter or 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
DTAG Fields
Fee Conditions

Overview

Datafields

Datafield	Description
Our Reference	cf Appendix A, Table RFD field OWNREF
External Key	cf Appendix A, Table USR field EXTKEY
Type of Finance	cf Appendix A, Table RFD field FINTYP
Recourse	cf Appendix A, Table RFD field FINRECFLG
Currency	cf Appendix A, Table CBB field CUR
Maximum Amount	cf Appendix A, Table CBB field AMT
Currency	cf Appendix A, Table CBB field CUR
Amount	cf Appendix A, Table CBB field AMT
ESD Amount Currency	cf Appendix A, Table RFD field ESDAMTCUR
Early Settlement Discount Amount	cf Appendix A, Table RFD field ESDAMT
Early Settlement Discount Percent	cf Appendix A, Table RFD field ESDPRC
Maximum Finance %	cf Appendix A, Table RFD field BILMAXPRC
Opening Date	cf Appendix A, Table RFD field OPNDAT
Offer Valid Until Date	cf Appendix A, Table RFD field OFFDAT
Intended Finance Date	cf Appendix A, Table RFD field TARFINDAT
Maturity Date	cf Appendix A, Table RFD field MATDAT
External Supplier Account	cf Appendix A, Table RFD field XSAEXTKEY
Name	cf Appendix A, Table ACT field NAM
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
Reference for Address (Optional)	cf Appendix A, Table PTS field REF

Finance Base Documents

Datafields

Datafield	Description
Name	cf Appendix A, Table PTS field NAM
Name	cf Appendix A, Table PTS field NAM
Add Payment on Account	“Payment on Account” (PoA) is a type of FBD document that is added to the pool, when there is any remaning amount left after paying all invoices from the money sent by the buyer. This is only possible from the Repayment transaction.
Add Select	On clicking this button, a search window opens where a list of all available Finance base documents from the pool are listed. The user can select the relevant documents from here and add them to the grid and do further processing.

Interest Details

Datafields

Datafield	Description
Roll-Over Financing	cf Appendix A, Table RFD field ROLOVRFLG
Rate Definition	cf Appendix A, Table RFD field INTIRT
Cash Base	cf Appendix A, Table RFD field CSHRAT
Liquidity Costs	cf Appendix A, Table RFD field LQDRAT
Financing Flat Fee	cf Appendix A, Table RFD field OWNRATFLG
Our Share of Interest	cf Appendix A, Table RFD field OWNRAT
Document Currency	cf Appendix A, Table RFD field OWNCUR
Financing Flat Fee Amount	cf Appendix A, Table RFD field OWNAMT
Interest Start Date	cf Appendix A, Table RFD field BEGINTDAT
Interest Due Date	cf Appendix A, Table RFD field ENDINTDAT
Grace Days	cf Appendix A, Table RFD field GRADAY
Charges Condition	cf Appendix A, Table RFD field CHATO

Documentation - DOKA-NG (Functional availability is per selected plan)

Table of Contents

Receivable Finance Offer

Transaction RFTPOP

Requirements