Charge Claim Based on MT 940/MT 950
Charge Claim settlement for Outbound charge claims (MT 191) is supported with MT940 / MT950 messages.
On receiving new credit entries, the system initiates the matching of the outbound charge claims for which payment is not yet received.
Account Owner Reference received for the credit entry is matched with the field 21 of the outbound charge claim message sent. If the reference is matched, the claim payment gets processed.
- If the amount received is within the tolerance limit maintained for the sender BIC and the transaction currency then auto processing of the claim settlement can be done. The difference amount is expensed out.
- If the difference is more than the tolerance allowed, accounting can be done for the received amount. The claim is outstanding.
- The tolerance limit will be checked only if the claim received is less. If the claim received is more, the excess amount is credited to income GL by debiting Nostro account.
Whenever claim payment is processed, the corresponding statement entry is marked as matched.
The unmatched statement entries are listed along with MT 202/MT 910 in the Outbound
Charge Claim Queue (PQSCOCLQ) screen for manual match action.
- The received statement entry details are captured in Statement Browser (PMDSTBRW) screen. Refer section inside User Guide for more details on Statement Browser.
Parent topic: Outbound Charge Claim Processing