Table of Contents
- Title and Copyright Information
- Preface
- 1 Overview of Islamic Bills and Collections
- 2 Islamic Bills Maintenance
- 3 Define Attributes of Islamic Bills and Collections Product
-
4
Introduction
- 4.1 Process Islamic BC Contract Detailed
-
4.2
Bill Amount Amendment
- 4.2.1 Amend Bill Amount
- 4.2.2 Specify Advices for the Amendment
- 4.2.3 Specify FFTs for an Advice
- 4.2.4 Specify Instructions for an Advice
- 4.2.5 Maintain Event Details
- 4.2.6 Specify Settlement Instructions
- 4.2.7 Maintain Profit Details
- 4.2.8 Maintain Charges Details
- 4.2.9 Maintain Tax Details
- 4.2.10 View Different Versions of a Bill
- 4.2.11 Save Contract as a Template
- 4.2.12 Delete a Contract
- 4.2.13 Specify Counterparty Details
- 4.2.14 View the Media Addresses of a Customer
- 4.2.15 View Islamic BC Contract
- 5 Liquidation of Receivable Components of Islamic Bill
- 6 Define Discount Accrual Classes
- 7 Registration of Islamic Bill
-
8
Automatic Processes
- 8.1 Maintain Branch Parameters
- 8.2 Process Bills Batch
-
8.3
Processes Run during Beginning of
Day
- 8.3.1 Automatic Liquidation of Bills
- 8.3.2 Tracer Generation
- 8.3.3 Automatic Accrual of Profit
- 8.3.4 Intra Day Accruals
- 8.3.5 Automatic Status Changes
- 8.3.6 Floating Rate Change
- 8.3.7 Automatic Change from Acceptance to Advance
- 8.3.8 Automatic Generation Advices
- 8.3.9 Acceptance to Advance on Future Advance Date
- 9 Islamic Bills and Collection Contract Simulation
- 10 Annexure - A
-
11
Annexure - B
- 11.1 Original import bill to be created before creating a buyers credit undertaking bill
-
11.2
Suggested Accounting Entries and Advices
for Islamic Bills
- 11.2.1 BOOK - Booking
-
11.2.2
INIT - Initiation
- 11.2.2.1 Incoming/Outgoing Collections
- 11.2.2.2 Incoming Acceptance (Documentary)
- 11.2.2.3 Incoming Discount (Documentary)
- 11.2.2.4 Incoming Discount (Clean)
- 11.2.2.5 Outgoing Payment
- 11.2.2.6 Outgoing Purchase (Documentary)
- 11.2.2.7 Outgoing Purchase (Clean)
- 11.2.2.8 Outgoing Negotiation (Documentary)
- 11.2.2.9 Outgoing Negotiation (Clean)
- 11.2.2.10 Outgoing Acceptance (Documentary)
- 11.2.2.11 Outgoing Acceptance (Clean)
- 11.2.2.12 Outgoing Discount
-
11.2.3
LIQD - Contract Liquidation
- 11.2.3.1 Incoming Collection
- 11.2.3.2 Incoming Payment (Final)
- 11.2.3.3 Incoming Advance
- 11.2.3.4 Incoming Acceptance (Documentary)
- 11.2.3.5 Incoming Acceptance (Clean)
- 11.2.3.6 Incoming Discount (Documentary)
- 11.2.3.7 Incoming Discount (Clean)
- 11.2.3.8 Outgoing Collection (Final)
- 11.2.3.9 Outgoing Payment
- 11.2.3.10 Outgoing Purchase (Documentary)
- 11.2.3.11 Outgoing Purchase (Clean)
- 11.2.3.12 Outgoing Negotiation (Documentary)
- 11.2.3.13 Outgoing Negotiation (Clean)
- 11.2.3.14 Outgoing Acceptance (Documentary)
- 11.2.3.15 Outgoing Acceptance (Clean)
- 11.2.3.16 Outgoing Discount (Documentary)
- 11.2.3.17 Outgoing Discount (Clean)
- 11.2.3.18 Collateral Accounting on Bill Liquidation
- 11.2.4 CLOS - Contract Closure
- 11.2.5 REGN - Contract Registration
- 11.2.6 BDIS - Discounting
- 11.2.7 BACP - Bill Acceptance
- 11.2.8 REVR - Reversal of an Islamic BC Contract
- 11.2.9 REVE - Reversal of an BC Event
- 11.2.10 ACCR: Profit Accrual
- 11.2.11 REAS - Reassignment
- 11.2.12 ADIS - Approval of Discrepancies
- 11.2.13 REFA - Refusal to Accept
- 11.2.14 REFP - Refusal to Pay
- 11.2.15 TAFT - Advice of Fate
- 11.2.16 TACP - Tracer for Acceptance
- 11.2.17 TAPY: Transfer for Payment
- 11.2.18 TDIS: Tracer for approval of discrepancies
- 11.2.19 TRES: Tracer for release of reserve
- 11.2.20 DNTC: Arrival of Document Notice
- 11.2.21 ROLL - Rollover
- 11.2.22 FOPY
- 11.2.23 Accounting Roles for transfer of Charge & Commission Components from LC to BC
- 11.2.24 Accounting Entries for FX Linkage
- 11.2.25 Accounting Entries of FX for operation Purchase/Discount/Negotiation During Liquidation
- 11.2.26 BCAC
- 11.2.27 Accounting Entries for Buyers Credit
- 11.2.28 Collateral Bridge Accounting Role
- 11.2.29 Crystallization Linkage Event
- 11.2.30 Events for Reversal of Linked Finance before and after initiation of the finance
- 12 Annexure C - Error Codes and Messages for Islamic Bills and Collections