11.2.28 Collateral Bridge Accounting Role
Table 11-191 Accounting Roles
| Accounting role | Description |
|---|---|
| LC_BC_COLL_
BRIDGE |
Collateral bridge between LC and Bills |
This accounting role is used to transfer the collaterals from the LC onto the Bill. This role maps onto the GL/Account maintained as a part of the LC product preference.Bill Crystallization Accounting Roles and Amount Tags.
The event to indicate crystallization of the bill is CRST.
The following are the Accounting Roles and Amount tags available to define the accounting entries for the crystallization event of the bills.
Table 11-192 Amount Tags
| Amount Tag | Description |
|---|---|
| BC_CRST_TFR_AMT | Bill Amount to be crystallized |
| BC_CRST_LIQ_AMT | Total Bill Amount to be liquidated |
| BC_CRST_COLL_LIQ_AMT | Bill Amount to be liquidated against Collateral |
| LC COMM COMP_TFR_LIQD | Commission Amount to be liquidated |
| LC CHARGE COMP_TFR_LIQD | Charge Amount to be liquidated |
| LC COMM COMP_TFR | Commission Amount to be transferred onto Finance |
| LC CHARGE COMP_TFR | Charge Amount to be transferred onto Finance |
Table 11-193 Accounting Role
| Amount Tag | Description |
|---|---|
| BC SUSPENSE | BC LD Bridge GL |
| BC_COMM_RECV | Bills Commission Receivable |
| BC_CHG_RECV | Bills Charge Receivable |
The amount tag – BC_CRST_TFR_AMT contains the amount input in crystallization preference of the bills contract. BC_CRST_COLL_LIQ_AMT contains the collateral amount to be liquidated as captured in the bills crystallization preference.
BC_CRST_CHG_LIQ_AMT and BC_CRST_COMM_LIQ_AMT contains the charge and commission amounts respectively if the option – “Liquidate charge / commission from “ is selected in the crystallization preference, else, the amount tags - BC_CRST_CHG_TFR_AMT and BC_CRST_COMM_TFR_AMT contain the amounts.
The amount tags - BC_CRST_LIQ_AMT contain the Total Bill Outstanding amount minus Bill Amount to be crystallized minus Collateral amount to be liquidated.
Table 11-194 Accounting Entries
| Event | Accounting Role | Dr/Cr | Amount Tag |
|---|---|---|---|
| CRST | Customer Account | Dr | BC_CRST_LIQ_AMT |
| CRST | Nostro Account | Cr | BC_CRST_LIQ_AMT_E Q |
| CRST | BC SUSPENSE | Dr | BC_CRST_TFR_AMT |
| CRST | Nostro Account | Cr | BC_CRST_TFR_AMT_E Q |
| CRST | BC SUSPENSE | Dr | LC COMM COMP _ TFR |
| CRST | BC_COMM_RECV | Cr | LC COMM COMP _ TFR |
| CRST | BC SUSPENSE | Dr | LC CHARGE COMP _ TFR |
| CRST | BC_CHG_RECV | Cr | LC CHARGE COMP _ TFR |
| CRST | Customer Account | Dr | LC COMM COMP _ TFR_LIQD |
| CRST | LC COMM COMP _RECV | Cr | LC COMM COMP _ TFR_LIQD |
| CRST | Customer Account | Dr | LC CHARGE COMP _TFR_LIQD |
| CRST | LC CHARGE COMP_RECV | Cr | LC CHARGE COMP _TFR_LIQD |
| CRST | BCCOL_DEP_GL | Dr | BC_CRST_COLL_LIQ_A MT |
| CRST | Customer Account | Cr | BC_CRST_COLL_LIQ_A MT |
| CRST | Customer Account | Dr | BC_CRST_COLL_LIQ_A MT |
| CRST | Nostro Account | Cr | BC_CRST_COLL_LIQ_A MT |
The BC Suspense accounting role mentioned here is the bridge GL used between the Bill and finance and contains the suspense account maintained as a part of the Bill crystallization product preference.
If the set of accounting entries in INIT event of Bills discussed above are not defined, then, the you have to map the Bills Commission receivable and Bills Charge receivable accounting roles to the same head as that of the LC Commission receivable and LC Charge receivable roles’ heads. This is operationally controlled and the system does not perform any validations to ensure the same.