Use
This function facilitates automatic processing of returned bills of exchange payable. It deals with processing the bills of exchange payable presented to your house banks for payment. Basically, there are two different procedures:
The house bank then processes the bills of exchange per payment advice and debits the account of the payer. When bills of exchange are not to be paid or only partially paid, the house bank informs the bank at which the bill of exchange was presented, or the bank which presented the bill of exchange for payment at the drawee bank.
The drawee informs the house bank of the decision on payment in writing or using DME. The house bank then proceeds as described in the first procedure above.
The new function bills of exchange payable supports the actions necessary for this procedure.
When you make a selection using the DME file, the system imports the payment advice from the bank and checks it against the bill holdings.
Activities
For returned bills of exchange, proceed as follows:
You reach the initial screen.
Select the bills of exchange for further processing and enter in the field DC (decline code) the reason for refusing to pay the other bills of exchange.
Examples of bill of exchange refusal:
DC |
Refusal Text |
13 |
Bill of exchange payable does not exist |
75 |
Bill of exchange renewal applied for |
90 |
Partial payment |
Enter the target computer for executing the job.