User Tools
Add this page to your book 
Remove this page from your book 
Manage book (
Help Table of Contents
Recourse
Transaction RFTCRF
Invoices that have been fully or partially financed by the bank in favor of the supplier may still be unpaid by the buyer. If the Receivable Finance was granted to the supplier with the option of “with recourse”, the bank can reclaim the advanced amount plus whatever interest is due from the supplier.
The contract can only be closed if the amount settled matches the open amount. If partial payment is made, the contract remains open.
Requirements
An existing Receivable Finance contract which is open and not closed.
The Receivable Finance may not be fully paid.
Not allowed if Receivable Finance contract is without recourse
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.
None
Updating/Storing of Amounts (CBS)
Liability (LIA)
Both, open amount and the liability relating to the contract are reduced by the amount paid.
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 | Comment |
|---|---|---|---|---|---|
| Recourse Notice | Supplier | RFTSUP1 |
Release
Transaction Panels
Repayment
Finance Base Documents
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Interest Details
Overview
Repayment
Datafields
| Datafield | Description |
|---|---|
| Our Reference | cf Appendix A, Table RFD field OWNREF |
| Opening Date | cf Appendix A, Table RFD field OPNDAT |
| Maturity Date | cf Appendix A, Table RFD field MATDAT |
| 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 |
| Open Amount | cf Appendix A, Table CBB field AMT |
| 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. |
Finance Base Documents
Datafields
| Datafield | Description |
|---|---|
| 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. |
| Currency | cf Appendix A, Table CBB field CUR |
| Amount | cf Appendix A, Table CBB field AMT |
Compliance
DTAG Fields
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 |
| Intended Finance Date | cf Appendix A, Table RFD field TARFINDAT |
| Charges Condition | cf Appendix A, Table RFD field CHATO |
Overview
Datafields
| Datafield | Description |
|---|---|
| External Key | cf Appendix A, Table USR field EXTKEY |
| 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 |
| Offer Valid Until Date | cf Appendix A, Table RFD field OFFDAT |
| 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 |
| 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 |
| Name | cf Appendix A, Table PTS field NAM |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
