Liquidation Processing
Based on the deferred pricing frequency maintained in Customer preferences, the price component gets liquidated. Accounting for deferred pricing posted for each price component are as below:
Table 4-2 Liquidation Processing - On Transaction Liquidation Date
| Dr/Cr | Account | Currency | Amount |
|---|---|---|---|
| Dr | Receivable GL | Charge Currency | Charge Amount |
| Cr | Income GL | Charge Currency | Charge Amount |
Table 4-3 Liquidation Processing - On Deferred Liquidation Date
| Dr/Cr | Account | Currency | Amount |
|---|---|---|---|
| Dr | Customer Account | Charge Currency | Charge Amount |
| Cr | Receivable GL | Charge Currency | Charge Amount |
Note:
Price accounting on transaction liquidation date will not be part of ECA request as the debit is done to the receivable GL.
Deferred pricing liquidation will be force debited to the customer account (existing functionality).
The deferred liquidation is applicable for the following payment types:
- Cross-border/RTGS
- Book Transfer
- Transaction Reversal & Return on Deferred Charges
- Deferred Charge Liquidation Notification
Notification is generated once liquidation accounting is done.
Parent topic: Deferred Charges