To issue a payment undertaking at the request of the buyer, transaction PUTOPN is used.
If the payment undertaking was pre-opened, the reference number (which has been assigned in the pre-opening) has to be searched or selected first. All information stored while pre-opening the contract (except the buyer of the contract) can be modified.
An acknowledgment message is sent to the buyer notifying the opening and details of the undertaking such as contract amount, tolerance amount, expiry date etc. An advice is also sent to the seller's bank (if available) or to the seller notifying the seller about the undertaking details.
While opening the undertaking , 'AVL' liability is reserved under the buyer. In case, the contract is pre-opened, the internal liability 'INT' is reversed and 'AVL' liability is booked.
To open a payment undertaking transaction Select it from the menu item
[Blockchain Products -> Payment Undertaking-> Main ->Open].