Charges on Free Format Messages

Charge Calculation:

On click of ‘Calculate’ button, if the Charge Account and Pricing Code fields have values then system calculates the charge amount .System does this charge amount calculation based on the Pricing Value maintenance. You need to maintain Pricing code value as a flat charge amount.If you maintain Pricing code type other than flat charge amount [E.g. Slab based / Rate base] then system calculates charge amount as Zero.
System considers the STANDARD MID rate in arriving the equivalent charge amount if the Pricing currency is different from the Charge account currency.
You can view the charge amount in the Pricing block.You are allowed to waive the charge component.

Note:
System doesn’t consider the Transaction Amount during charges amount calculation.

Accounting Entries:

System posts charge accounting entries on authorization of Free format messages input. During the accounting entries posting, system considers the Debit/Credit account pick up, transaction code of the charge component defined using the ‘Accounting Code/Template’ and displays it.
System passes the posted Accounting entries to the Accounting System. You can view the accounting entries posted for the MT n99 message in the ‘Accounting Entries’ sub –screen.

Reference Number	Event Code	Debit / Credit Indicator	Account	Transactio n Code	Amount
N99 Message Reference	DRLQ	Dr	Charge Account	Main Transactio n Code	Charge Amount/ Equivalent amount
N99 Message Reference	DRLQ	Cr	Offset Account	Offset Transactio n Code	Charge Amount

Note:

MT n99 message Sanctions screening remains as per the existing functionality
System doesn’t provide any type of support for ECA check before posting charge accounting entries

Parent topic: Free Format Message