Settled Returns
The following accounting is passed to reverse the accounting entries passed to
Creditor Account as a result of Inbound FI to FI Customer Credit Transfer
(pacs.008) and FI to FI Credit Transfer (pacs.009) transactions. The Credit
/ Debit liquidation entries passed in the original transactions is fetched
and credit/debit legs are interchanged to pass the return Credit / Debit
accounting entries.
| Event | Dr/Cr | Account | Account Type | Account Tag |
|---|---|---|---|---|
| SRDR | Dr | Customer Account | Account | Return Settlement Amount in account currency |
| SRDR | Cr | Intermediary GL | GL | Return Settlement Amount |
| SRCR | Dr | Intermediary GL | GL | Return Settlement Amount |
| SRCR | Cr | Nostro, Vostro Account / Network Account | Account | Return Settlement Amount |
Note:
No pricing is considered for Return transaction processing.In the Accounting handoff MIS details are populated same as the original transaction MIS details.
Parent topic: Return Accounting