In the widget Pay you will see how many cash flows and payments that need so be handled.
Daily process of payments
The cash flows that are due (default 2 bankdays) will be shown in TAB pending cash flows.
and no payment for autodebit, New for payment to be sent and Manual for payments where no bank connection is set up and needs to be paid manually.
to be reverted see below
In pending payments select the payments you want to approve, Click approve.
In pending payments select the payments you want to send to the bank, Click Export. (All payments will now be sent to the bank).
Verify that the payments has been sent and no error messages has been recevied from the bank.
Use the netting rules (The icon with the letter "A" in C section below)
And payments will be created and moved to the right side.
Pending Cash flows
This is a Cash flow-report that shows all cash flows that are ready to be netted. The Pending Cash flow Report is a Customizable System Report, which means that it has its own
Selection, Columns and Settings that can be changed by the user.
In addition to user selection, the system always applies its own Selection to the pending cash flows report:
Use check boxes to the left in the report to Select cash flows for further action, explained below.
A - ...
Navigate to Pending Cash flows Report Settings (left report)
Navigate Auto Netting Rules
Navigate to Payment Rules (rules for created payment values: transfer type, payment fee)
B - Netting Type Buttons
You can use the Netting Type Buttons to manually decide in which way cash flows in the Pending Cash flows report will be netted/treated.
Each button will assign the Selected Cash flows Netting Type to the value indicated on the button. The assigned netting type value is shown in the "Netting Type" system-column.
- Net : Groups netting by Date, Asset and send/recv Accounts.
- Gross : In addition to "Net", also groups netting by send/recv amount (+/-)
- Net by deal, all cash flows within a deal (same deal ID) IRS paying and receiving leg , Loan with added fees will be netted.
- Single : A single payment for each cash flow will be created. Selected cash flows will NOT be netted.
- Manual : Same as Netting Type Single, but payment will not be exported.
- Auto deb net: Selected cash flows will be netted and and the amount will be auto debited. No payment will be exported
- Auto deb gross: Selected cash flows will be netted by sign, positive amount will be summed and negative amounts will be summed.No payment will be exported
- Auto Deb: Selected cash flows will be autodebited, one by one. No payment will be exported.
- Manual Net:Selected casch flows will be Netted and set to Manual. No payment will be eported.
- Clear : Clears NettingTypes
If no cash flows have been selected in the Pending Cash flows Report, all Cash flows Netting Types will be cleared
If any cash flows have been selected, clears Selected Cash flows netting types.
C - Payment Creation Buttons
Cash flows will be netted according to either manually assigned netting types or automatically by netting rules. For each netting a Payment will be created.
Create Payments from Netting Rules ("Automatic")
Create Payments From Netting Types
Revert Payment ("Undo")
will be detached, and show up in Pending Cash flows Report again.
Displays all Payments that have not yet been exported.
To move back a payment to pending cashflow use the button Revert payment(s) at the left side.
In field Purpose there is a the payments text message <Ustrd>(140 signs long). Here we default internal payments (internal counterpartes) and Treasury payments (external counterparties). Here it is possible to enter another text message for the payment. Click Approve to save the text.
Payments Cash flows
Shows each payments related cash flows as details in the Pending Payment grid. Access details by clicking '+' button in each Payment row. Flow count shows how many cash flows that are
included in the payment.
Payment status. For more details see Payment status
- New- Approved- Exported
- Manual- Manually paid
- No Payment- Executed
E - Payment Actions
- Payments with status new will be set to Approved
- Payments with status Manual will be set to Manually paid. Payment will no longer be visual in Payment cash flows
- Payments with status No Payment will be set to Executed. Payment will no longer be visual in Payment cash flow
Export – All payments with payment status Approved can be exported. Status will be set to exported and will no longer be visual in Payment cashflow.
General information about Creating and Reverting Payments
Creating a payment will save the payment directly, with payment status "New". The payment will have to be approved before exporting, it can otherwise be reverted. If a payment is reverted the
transaction status changes from Unlocked to Confirmed and will be show in pending cash flows again. If the deal needs to be updated then the deals status Confirmed needs to be changed to
modified and then the transaction can be updated confirmed and new payments can be created in pay.
Related transactions are automatically Locked or Unlocked (where possible, see Transaction Status) when creating/reverting payments.
If the cash flow does not have a receiving account, you can only create payments with the status Manual and No Payment. In order to create a payment with the status New the receiving account
must be chosen.
Payment on behalf of
Definition: payment to extern party on behalf of an other legal entity, ex. treasury makes a payment to a bank on behalf of a subsidiary.
The aim is to increase the number of external bank accounts and reduce the number of people who has right to withdraw money from the accounts.
We suppose that it is treasury who is the legal entity in the external affair witch we solve by making the payment from treasury who has internal transactions with the subsidiary.
The solution will be that the subsidiary deals with treasury who makes a mirror of the affair internal. The internal transaction will be handled with help by accounting rules and netting rules.
The external affair will be handled by treasury who is also dealing the payment by payment rules.