10.2 Events

The following is an exhaustive list of events that can take place during the life-cycle of a BC. In the subsequent paragraphs, we shall examine the accounting entries and messages for the various events listed below:

Table 10-1 List of events

Event Code Event Description
BOOK Booking of a BC Contract
INIT Initiation of a BC Contract
TPFT Principal Payment Fate Tracer
PFAT Advice of Payment Fate
LIQD Liquidation of a BC Contract
REVR Reversal of BC Contract
REVE Reversal of BC Event
CLOS Closure of a BC Contract
AMND Amendment of BC Contract
STCH Bills & Collections Status Change
TRES Release of Reserve Tracer
TDIS Approval of Discrepancies Tracer
ADIS Approval of Document Discrepancies
ACCR Accrual of Interest Income
REIM Reimbursement
BCOL Booking Of Collection
AFAT Advice of Acceptance Fate
TAFT Acceptance Fate Tracer
REFA Refusal Of Acceptance
BDIS Booking of Discount
LDIS Liquidation of Discount
TPAY Principle payment Follow up Tracer
TACP Bill/Draft Acceptance Tracer
REFA Refusal Of Acceptance
BACI Initial Acceptance of a Bill
BLNK Bill Linkage To a Loan
BLRV Release of Bill Linkage To a Loan
LCOL Liquidation of Collection
BACP Booking of Acceptance
BCAC Booking a CoAcceptance bill
LCAC Liquidating the CoAcceptance bill
FOPY Event Code - Free of Payment