Accept File Transfer
Explanation
After the transfer file is created you can accept the
file transfer. When you accept the file transfer, all included bills of exchange
(BoE) are settled. If the the file is created for cashing before the due date and the file contains bills
of exchange with series IDs that have the Keep BoE Open when Cashing Before Due Date check box selected, these bills
of exchange are not settled. If the bill of exchange is
cashed before the due date (i.e. the Before Due Date cash type is selected when
loading the customer BoE transfer proposal), you can enter the discount fee
applicable to the bill. If the transfer proposal includes more than
one bill of exchange, it will be not possible to specify any discount information.
Later, the bills of exchange are either cashed in the
Mixed Payment
window or settled in
the Customer Bills of Exchange window, depending on
whether the interim cash
account was used.
Prerequisites
The customer BoE transfer proposal must be in a
Transferred state, i.e. a file transfer has been performed.
System Effects
- The bills included in the transfer proposal change to
the Settled, OnDueDate, or BeforeDueDate state, depending on whether the interim cash account was used.
- The BoE customer claim (PP27) will be credited, and depending on
whether the interim cash account is used, the interim cash account (PP24) or the cash account
(PP1) will be debited when the bills are
settled.
- If interest and fine is included in the customer
bill of exchange, the interest revenue
(PP20) and fine revenue (PP69) will be credited.
- The Customer BoE Cashed in Advance account (PP25)
will be credited if the bills are cashed before the due date, and if the file contains bills
of exchange with the Keep BoE Open when Cashing Before Due Date check box
selected for their series IDs. Depending on whether the interim cash account is
used, the interim cash account (PP24) or the cash account (PP1) will be debited.
If the Repost Claim when Cashing Before Due
Date check box is selected, the BoE customer claim (PP27) will be credited and
the Open Customer BoE Cashed in Advance account (PP50) will be debited.
- The discount fee specified for a bill (if any) will be posted to the Customer BoE Early Settlement, Discounted Fee account
(PP65). The discounting fee will be deducted from the posting types PP1 (Cash Account) and PP24 (Interim Cash Account).
- A voucher will also be created.
Window
Customer BoE
Transfer Proposals
Related Window Descriptions
Customer BoE Transfer Proposals
Procedure
- Open the Customer BoE Transfer Proposals window.
- Select the proposal for which you want to accept the
file
transfer.
- Right-click and then click Accept File
Transfer.
- Enter the requested criteria in the
Payment
Parameters dialog box. Click OK.
- If you are cashing the bills before the due date and want to specify
the discount
information, enter the discount fee applicable for the bill of
exchange included in the transfer proposal in the Fee Amount field.
Other information such as the bill of exchange amount and received amount
will be updated accordingly.
- Click OK.