1. Generic Wires ISO User Guide
  2. Generic Wires ISO Outbound Transaction
  3. Outbound Transaction Processing
  4. Charges Calculation - Charge Bearer 'DEBT'

Charges Calculation - Charge Bearer 'DEBT'

  • For Outbound Pass-through transactions with Charge Bearer Option as 'DEBT', the charges are calculated as below.
    • Charges are calculated based on the Receiver Pricing Code linked to Outbound Claim Preferences (PXDSRIMT) for the Sender and Transfer Currency combination. If there is no Outbound Claim Preferences maintained, then the Receiver Pricing Code is picked up from the 'Default Receiver Price Code' value maintained in Charge Claim Default Preferences (PXD191PF).
    • If 'Rule Based Pricing' is checked in Claim preferences, the charges are computed by applying Pricing Rule framework.
    • If Pricing rule is not applicable (or) no Pricing rule is satisfied, the charges are computed using the Receiver Pricing Code.
  • Price code can contain multiple components including tax components. Income/tax payable accounting is done component-wise.
    • If charge currencies can be different,
    • The debit amount is calculated by converting the charge currencies to debit currency (Transfer Currency)While doing the price value pick up, system will consider the customer as the customer ID linked to the Sender BIC. If no customer ID is linked, customer will be considered as 'ALL'
    • While doing the price value pick up, the system consider the customer as the customer ID linked to the Sender BIC. If no customer ID is linked, customer is considered as 'ALL'
  • Charge/tax amount to be collected is first recovered from Incoming message Charges Information Charge amount, if available.
    • If the computed amount is greater than received charge amount, the difference is claimed by sending out MT 191 claim message. If the transaction is gpi enabled, then MT 191 claim is suppressed.
    • If the claim payment is received in excess, the difference amount is credited to income GL.
    • Receiver charge accounting template linked in Generic Wires ISO Outbound Network Preference (PSDOGWNP) is used for accounting.
    • If the claim amount received is less, and the difference is within the tolerance maintained, then it will be expensed out.
    • Expense GL maintained in Charge Claim Default preferences is debited and Receivable GL from the same maintenance is credited.

Parent topic: Outbound Transaction Processing