15.4.28 WAIV: Waiver of Components during Manual Liquidation
The amount tags for the WAI event are created upon creation of the charge and commission
components. Consider Islamic LC_CHG and Islamic LC_COMM as charge and commission
components defined in the system. The corresponding amount tags will be as
follows:
Table 15-46 Accounting Entries
| Amount Tag | Description | Amount Tag |
|---|---|---|
| LC_CHG_WAIV | LC Charge being waived | LC_CHG_WAIV |
| LC_COMM_WAIV | LC Commission being waived | LC_COMM_WAIV |
Accounting Entries for the Waiver event
Table 15-47 Accounting Entries
| Dr/Cr | Accounting role | Amount tag propagated from Islamic LC |
|---|---|---|
| Dr | LC_COMM_RECV | LC_COMM_WAIV |
| Cr | LC_COMM_INC | LC_COMM_WAIV |
| Dr | LC_CHG_RECV | LC_CHG_WAIV |
| Cr | LC_CHG_INC | LC_CHG_WAIV |
These accounting entries are maintained if receivable accounting entries have been maintained on the CLIQ event of the Islamic LC. The amounts for waiver will be displayed as negative amounts. Partial waivers are not allowed.
Parent topic: Event-Accounting Entries