11.2.2.10 Outgoing Acceptance (Documentary)
Table 11-60 Stage
| Stage | Clean / Doc | Sight/Usance | Bill Under LC |
|---|---|---|---|
| FIN | CLE | Usance only | Optional |
Table 11-61 Accounting Entries
| GL Type | A/C Type | Dr/Cr | Account Description | CCY | Amount |
|---|---|---|---|---|---|
| Real | Income | Cr | Charges earned. | LCY | Equivalent charge amount in LCY. |
| Real | Customer /Account Receivable | Dr | Customer/Charges Receivable | CCY | Equivalent amount of charges in the charge currency if it is a Account Receivable else Equivalent amount of charges in Customer Account Currency |
| Real /Contingent Asset | GL | Dr | Bills CLFA Account | CCY | Bill Amount in Contract currency. |
| Real /Contingent Offset | GL | Cr | CLFA Offset Account | CCY | Bill amount in the contract currency. |
| Contingent Liability | GL | Dr | LCs OCU Account | CCY | If the Bill is under an LC and if the export LC has been confirmed by the Bank, then the LC OCU entries will be reversed to the extent of Bill availment. |
| Contingent Offset | GL | Cr | Contingent Offset Account | CCY | If the Bill is under an LC and if the export LC has been confirmed by the Bank, then the LC OCU entries will be reversed to the extent of Bill availment. |
| Real & Asset | GL | Dr | Contingent Offset Account | CCY | If a Cash Collateral Amount has been entered during the contract input, then the Cash Collateral entries will be passed. |
| Real | Customer | Cr | Contingent Offset Account | CCY | If a Cash Collateral Amount has been entered during the contract input, then the Cash Collateral entries will be passed. |
Table 11-62 Advices
| Advice Type | Advice Description |
|---|---|
| RESERVE_RELEASE | Release of Reserve Advice |
| REMITTANCE_LTR | Remittance Letter |
| PAYMENT_ADVICE | Payment Advice |
Parent topic: INIT - Initiation