12.1.30 Revoke Confirmation Contingent Entries Reversal
LCEOD Batch enhanced to support Revoke Confirmation Contingent Entries Reversal
- To be processed during EOD
- To be processed during next EOD, if processing date is a holiday
- System will pick the contracts in the EOD which is eligible for revoke confirmation contingent entries reversal.
- Contracts which are eligible is that confirmed contracts which is amended before expiry date and extend confirmation is not checked.
01-Aug to 01-Sep and extend confirmation is unchecked. So on the 01-Aug EOD this contracts get picked up and the contingent entries get posted for the available confirmed amount as below.
Table 12-27 During Issuance
| Dr/Cr | Amount Role Code | Amount Tag | LCY Amount | LCY Amount Description |
|---|---|---|---|---|
| Dr | LC_CNF | CNF_LIAB_OS_AMT | 10000 | Confirmed LC Amount |
| Cr | LC_CNF_OFF | CNF_LIAB_OS_AMT | 10000 | Confirmed LC Amount |
Table 12-28 During EOD
| Dr/Cr | Amount Role Code | Amount Tag | LCY Amount | LCY Amount Description |
|---|---|---|---|---|
| Cr | LC_CNF | CNF_LIAB_DECR_AMT | 10000 | Confirmed LC Amount |
| Dr | LC_CNF_OFF | CNF_LIAB_DECR_AMT | 10000 | Confirmed LC Amount |
| Dr | LC_OCU | UCNF_LIAB_INCR_AMT | 10000 | Unconfirmed LC Amount |
| Cr | LC_OCU_OFF | UCNF_LIAB_INCR_AMT | 10000 | Unconfirmed LC Amount |
- System also releases the limits for the confirmed amount.
- New event RVCE introduced to initiate Reversal of Contingent Entries.
- Maintenance:
- RVCE event should be defined for applicable products
- Accounting entries should be defined for RVCE event
- RVCE will be no version creation event.
- Accounting entries will be generated based on maintenance
- For failed contracts it will be picked up during subsequent EODs.
Parent topic: Branch Parameters Details