12.1.31 Counter Guarantee Revenue Sharing
If revenue sharing is enabled at Bank parameter level, The Revenue/Commission share collected will be transferred to CO-Banks automatically based on Settlement instruction maintained.
For automatic transfer of Revenue share, following parameters will be considered:
- Revenue sharing should be enabled in STDTFBNK screen and GL provided
- Account entries for _LQRS tag has to be maintained at required LC/LI product level for CLIQ event
Note:
If _LQRS are not listing in Accounting Screen, Kindly unlock and save the component at CFDTFCMC screen. - REVENUE_SHARING GL has to be maintained in Account role at LC/LI Product same as GL provided in STDTFBNK screen
- Default settlement instruction with required account and tags for Message generation has to be maintained in ISDTFINS screen
- Conventional and Islamic Counter – counter counter Guarantee Contracts of Request type will be considered
- CIB or LIB should available in the Parties
- Revenue sharing Percentage for CIB/LIB party has to be maintained in STDTFCIF screen
- Non-Periodic/Periodic, Advance/Arrears commission will be considered.
- Driver table for accounting entry posting will be Lctbs_Revenue_Sharing_Driver.
- Periodic data will be available in Lctbs_Revenue_Sharing_hist
- In case of Abort, status of the entry will be updated to ‘A’ and error message will be logged.
- Failed transactions will be considered in Next day EOD for retry.
- LCEOD batch will process both Conventional and Islamic contracts
- MT202 Will be sent to CIB/LIB based on the default settlement instruction maintained
Parent topic: Branch Parameters Details