11.2.3.16 Outgoing Discount (Documentary)
Table 11-113 Stage
| Stage | Clean / Doc | Sight/Usance | Bill Under LC |
|---|---|---|---|
| FIN | DOC | Usance only | Optional |
Table 11-114 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 /Asset | GL | Cr | Bills Discounted | CCY | Bill amount in the contract currency |
| Real | Nostro /Vostro | Dr | Nostro / Vostro Settlement Account | CCY | Equivalent Bill amount in the currency of the Nostro /Vostro Account currency |
Table 11-115 Advices
| Advice Type | Advice Description |
|---|---|
| PAYMENT_ADVICE | Payment Advice |
Parent topic: LIQD - Contract Liquidation