1. ACH Credit Transfer User Guide
  2. Maintenance Screens
  3. ACH Credit Transfer Receipts Maintenances
  4. ACH Credit Receipts Preferences
  5. Payment Preferences Tab

Payment Preferences Tab

  1. Click Payment Preferences tab on the ACH Credit Receipts Preferences screen.
    Payment Preferences sub-screen is displayed.

    Figure 2-51 ACH Credit Receipts Preferences - Payment Preferences

    Description of Figure 2-51 follows
    Description of "Figure 2-51 ACH Credit Receipts Preferences - Payment Preferences"
  2. On Payment Preferences screen, specify the fields.

    For more information on fields, refer to the field description below:

    Table 2-27 ACH Credit Receipts Preferences - Payment Preferences - Field Description

    Field Description
    Accounting Codes --
    Debit Liquidation Specify the accounting code for debit liquidation. Alternatively, you can select the debit liquidation code from the option list. The list displays all accounting codes where main transaction is maintained with debit indicator. This is a mandatory field.
    Credit Liquidation Specify the accounting code for credit liquidation. Alternatively, you can select the credit liquidation code from the option list. The list displays all accounting codes where main transaction is maintained with credit indicator. This is a mandatory field.
    File Account Required File Accounting required' flag is provided for supporting Receipt file accounting. By default, for this field, the value 'No'.
    File Accounting Code Specify the File Accounting Code from the list of Values, only if File Account Required field is selected as Yes.

    Note:

    For the Network in ACH Network Maintenance (Function ID:PMDACHNW) 'Allow All Currencies' is maintained as 'Yes', then file accounting is defaulted as 'No' and disabled.
    Settlement Account Details --
    Derive Settlement Account This field value is to be maintained as 'Yes' if Debit Settlement Account for the event YIDR is to be derived based on Settlement Account derivation Rule.

    Note:

    If File accounting required flag is 'Yes' then system do not allow 'Derive Settlement Account' as 'Yes'.
    Network Account Specify the Network Account from the list of values. This field can be maintained only if Derive Settlement Account is maintained as 'No'. All valid Nostro Accounts are listed in this field.

    Network account is mandatory if File accounting required is 'Yes'.
    Settlement Date Preferences --
    Back Value Days Allowed Back value limit days can be maintained in this field. During the initial validations, the system validates the same and cancel the transaction if back value limit days is over.
    Back Value Date Handling Select the Back Value Date Handling from the options below:
    • Retain Original Value Date (default)
    • Adjust to Current Date

    This parameter decides whether the Debit/Credit Value date is retained as the Settlement Date received in the message or whether it is to be moved to current date if the settlement date is a back date.

    Future Value Days Allowed Specify the Future value limit days. During the initial validations, the system validates the same and cancel the transaction if future value limit days is over.

    Note:

    Back/future value days is counted as calendar days.
    Price Code Details --
    Transaction Price Code Specify the Transaction Price Code applicable to the Network, transaction type and currency. You can also select the Transaction Price Code from the option list. The list displays all valid pricing codes maintained in the system.
    Exchange Rate Preferences --
    FX rate type Exchange rate pick up for a payment transaction is based on FX rate type maintained in Network Preferences. All open and authorized exchange rate types available in core system is listed for this field.
    Rate Override Variance % Specify the Rate Override Variance.

    If the variance between the exchange rate manually provided for a payment with internal rate exceeds the override limit specified, then the system displays a message and the transaction is saved.
    Rate Stop Variance % Specify the Rate Stop Variance. The system displays an error message if the exchange rate variance exceeds the stop limit.
    External FX Applicable If this flag is checked, Exchange Rate Request is sent to External FX system for obtaining exchange rate.
    FX Cancellation The value of this field can be set as 'FX Unwind Queue' or 'Auto Interface'. If FX reference number is available for a transaction and if it is cancelled or rolled over from an exception queue, this preference is applied.

    FX reversal request is sent to external system automatically if the mode is 'Auto Interface'. If the Mode is 'FX Unwind Queue', the transaction is inserted into FX unwind queue for the operator to manage a manual reversal of FX contract. The transaction proceeds with the cancellation or the roll over.

    Small FX Limits --
    Limit Currency Specify the Small FX limit currency code. Alternatively, you can select the currency code from the option list. The list displays all valid currency codes maintained in the system.
    Limit Amount Specify the Small FX Limit Amount.

    For payments with cross currency conversions, the transfer amount is converted to equivalent amount in the small FX limit currency and is compared with small FX limit amount.

Parent topic: ACH Credit Receipts Preferences