When the document sets are received under the Transfer L/C, further handling is done in the below ways,
- To only send the documents without settling that have been presented and checked.
- To send and settle the received documents at the same time.
In case of Sight documents, when the documents are accepted (Clean documents received) and the settlement is triggered at that point of time.
The Document is settled instantly and the contract will be closed. The system automatically defaults the 'Amount Settled' since this is identical with the Document Amount of documents presented by the first beneficiary.
Note: The documents of the 1st beneficiary have to be registered through transaction 'Receiving Documents from 1st Beneficiary' (BTTDCK) first. This transaction creates an auto-registration for 'Send, Accept and Settle Documents' when this is selected in the combo box 'Further Handling' and a final settlement is done.
If this has not been done yet, the fields 'Receive from 1st Ben.' and 'Amount for 1st Ben./ on the 'Send Docs.' panel are disabled.
When dealing with usance documents, in this transaction the documents are accepted,
the relevant maturity posted to the liability and a temporary settlement is generated.
The final settlement takes place in transaction 'Settling Funds' (BTTSET).
When there are several maturities in 'Usance Bills Deferred' or 'Usance Bills Accepted', this temporary settlement cannot be generated.
When 'Mixed Payment' documents are presented, the user has to enter the sight proportion in the 'Amount Settled' field. The sight proportion is then settled in this transaction and the remaining amount posted to the liability to be settled at a later date.
Document sets with discrepancies can either be rejected through the transaction 'Processing Discrepant Documents' (BTTDCR) or sent through transaction 'Sending Documents' (BTTSND).
To Send, Accept and Settle Documents under an Transfer L/C , BTTPAY transaction is used.
Select it from the menu item [Export Products ->Transfer L/C -> Transfer Documents -> Send, Accept and Settle Documents].
When you have made your changes, click on the ( ) Save function to save all the the data entered in the transaction to the database.