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

1. Open the Customer BoE Transfer Proposals window.
2. Select the proposal for which you want to accept the file transfer.
3. Right-click and then click Accept File Transfer.
4. Enter the requested criteria in the Payment Parameters dialog box. Click OK.
5. 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.
6. Click OK.