Accounting Preferences Check
Before Messaging: If the accounting preference chosen for the Network is 'Before Messaging' as maintained in 'HKFPS Outbound Credit Transfer Preferences' (PKDOCTPF), the Message Generation and Handoff of Payment message is subsequent to debit/credit accounting for the outbound payment. However, the payment processor do not wait for the accounting success/failure response from Accounting/DDA system.
- In case of payment rejection as per pacs.002 response from network, Accounting reversal request is sent to DDA system and payment status is reversed.
On Confirmation from CI: If the accounting preference selected is 'On confirmation from ICL', the debit /credit accounting is passed only after the receipt of pacs.002 response from network. If the payment is rejected the balance block (ECA) reversal request is sent to DDA system.
| Details in Accounting hand-off | Debit Liquidation | Credit Liquidation |
|---|---|---|
| Accounting Event | DRLQ | CRLQ |
| Amount Tag | XFER_AMT | XFER_AMT |
| Transaction Account | Payer Account | Outward Clearing GL maintained in the Accounting code. If Nostro Account (Network Account) is maintained in (PKDOCTPF) that is considered |
| Offset Account | This is picked from the Debit Liquidation Accounting code maintenance | This is picked from the Credit Liquidation Accounting code maintenance |
| Transaction Currency | Debit Account Currency | Transfer Currency |
| Transaction Amount | Debit Amount | Transfer Amount |
| Transaction Date/ Value Date | Activation Date | Activation Date |
| Offset Currency | Transfer Currency | Transfer Currency |
| Offset Amount | Transfer Amount | Transfer Amount |
| Local Currency Amount |
If either transaction currency or offset currency is local currency, corresponding amount is handed off as local currency amount. If not, transfer amount is converted to local currency in mid-rate. |
Local currency amount of DRLQ is used. |
Parent topic: Outbound Credit Transfer Processing