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 option 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 page or settled in the Customer Bills of Exchange page, depending on whether the interim cash account was used.

  1. Open the Customer BoE Transfer Proposals page.
  2. Select the proposal for which you want to accept the file transfer.
  3. Use command buttion and then click Accept File Transfer.
  4. Enter the requested criteria in the Payment Parameters dialog. 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. 

Prerequisites

The customer BoE transfer proposal must be in a Transferred state, i.e. a file transfer has been performed.

System Effects