As part of STP for MT202, if you check ‘Liquidate Bill on Incoming MT202’ option in the ‘Bills and Collections Branch Parameter Maintenance’ screen, the system will validate to check if any Export Bill Contract exists for the reference number in the field 21 in 202. The system checks the value in field 21 against the Contract Reference Number first. In case the Contract Reference Number does not exist, the system will check the User Reference Number.

If a contract exists, which is liquidated, the ‘Status’ & the ‘Process Status’ will be updated with ‘Repair’. If a contract exists and not liquidated and if the Bill amount matches with the Amount in the Message, the system will try to liquidate the Bill Contract. In case of failure, the system displays an appropriate error message and the ‘Status’ will be updated to ‘L’ (Pending Liquidation). In contrast, the ‘Process Status’ will be updated as ‘R’ (Repair). If the Bill is liquidated successfully, then system updates the ‘Status’ and the ‘Process Status’ as ‘P’. The Generated Ref No is updated with the Bill Contract Ref No. View the status and the generated reference number in ‘Incoming Message Browser’ screen for the respective DCN.

For further information on ‘Incoming Message Browser’ screen, refer ‘Manual Processing of Incoming Messages’ section in the Processing Incoming Messages chapter in the ‘Messaging System’ User Manual.

Once the Bill is liquidated successfully and the status of the Message is marked as ‘P’, any change in the contract like deletion or cancellation will not impact the Message that triggered the Liquidation.

If the Bill is liquidated successfully, if the flag ‘Auto Authorize liquidated bill’ in the ‘Bills and Collections Branch Parameter Maintenance’ screen is ‘Yes’, then the Liquidation will be authorized automatically otherwise, post liquidation, the contract will be in Unauthorized status.

For further information on ‘Bills and Collections Branch Parameter Maintenance’ screen, refer ‘Maintaining Branch Parameters for Bills and Collections’ section in the Maintenance chapter in the ‘Bills and Collections’ User Manual.

If the Bill liquidation process is failed and if the status is ‘L’, then you will have to liquidate the Bill manually by suppressing the message. As part of Bill liquidation, the Value date (32A) will be considered for the Credit Value date & Debit Value date of the contract.

The system picks up the records with ‘R’ (Repair) in ‘Process Status’ and tries reprocessing the same. In the case of Trade-Related MT202 message (where the ‘Status’ is ‘L’), then the system will not check again if it is a Trade-Related MTM202. The system will directly try liquidating the underlying Bill contract.

The system creates multiple 202 messages on receiving MT203. The above validation is done for all the MT202 messages created out of single MT203.