Process the export Bill

4.2.2.5 Process the export Bill

At the export side, the assignment details are captured. The flag, 'Assignment Done by Us' will not be checked in this case.

The bill amount will include the assigned amount.

During liquidation, liquidation amount is given up to a maximum of Bill amount - Total assigned amount.

Outstanding amount on the bill is displayed as Bill amount - (Assignment amount + Total liquidated amount)

Bill should be shown as liquidated when the total outstanding amount becomes zero, that is the amount is liquidated to the actual beneficiary for his portion.

During the discount, purchase and negotiation system will exclude the assigned amount. The system will throw an error if the purchase amount given is more than the bill amount - total assignee amount.

The same validation will be applicable for Rebate amount.

Advice, MT799 is generated to the Issuing bank with the details of the assignment

For this a new message type, BC_ASGMNT_ADV will be introduced
A new template BC_ASGMNT_ADV is introduced. A new tag, ASSIGNEE_DETAILS, is introduced for displaying the assignee details
This message sent from the export side during the event INIT and AMND is triggered during INIT if some assignee details are captured in the contract
During amendment, if any of the assignee details are modified, that time also this message will be triggered
Message MT799 will be triggered during AMND only when there is a change in Assign amount
Message MT799 will be triggered during AMND only when there is a change in Assign amount
Message MT759 is supported for BC_ASGMNT_ADV

Below changes will be done for handling the contingent entry reversal since the liquidation amount captured is less than the actual outstanding amount

New amount tags BILL_ASGN_AMT, BILL_ASGN_AMTEQ, BILL_AMND_ASGN_AMT, BILL_AMND_ASGN_AMT EQ, will be introduced which will give the amount updated in the import bill liquidation amount field in assignee block

BILL_ASGN_AMT, BILL_ASGN_AMTEQ - Total assignment amount at the booking of the bill
BILL_AMND_ASGN_AMT, BILL_AMND_ASGN_AMT EQ - Amended assignment amount

Below accounting, entries to be maintained for reversing the contingent entries for the assigned amount in INIT event

	Dr/Cr	Accounting Role (Existing Role)	Amount Tag
1	Dr	ACCEPTANCE CONT	BILL_ASGN_AMTEQ
2	Cr	CLFA CONT	BILL_ASGN_AMT

Below accounting entries to be maintained for reversing the contingent entries for the assigned amount in AMND event

	Dr/Cr	Accounting Role (Existing Role)	Amount Tag
1	Dr	ACCEPTANCE CONT	BILL_AMND_ASGN_AM T
2	Cr	CLFA CONT	BILL_AMND_ASGN_AM T EQ

The functional flow diagram for case 1 as shown below:

Figure 4-6 Functional flow diagram

Description of "Figure 4-6 Functional flow diagram"

Parent topic: Main Tab