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18.2.1
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Preferences regarding charges to be levied or not on number of transaction counts and
total turnover amounts
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Preference stating whether a transactions booked under this code should cause an
account marked as ‘dormant’ by the system to be re-instated to ‘active’
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Preference whether payment for a transactions posted under this code should be made
through cheque
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Preference indicating whether payment for a transaction booked under this code should
be considered for Escrow transfer processing
Maintaining Transaction Details
The following parameters need to be maintained for a transaction type:
Transaction Code
This is the code you assign to a transaction type. This code identifies the type of transaction.
Enter 3 characters, Alphanumeric. For example, for all transfer charges transaction you can
give the code as TCT; for incoming telex transfer you can input - ITT. In case, you want to
assign numeric codes only, then for ease of operation similar transaction types should be
grouped into a range. For example, you can set a range for all Money Market transactions
say, A1-A30; a different range for Bills and Collections B1-B30 and so on.
Description
This is the description of the transaction type
Enter the description using a maximum of 35 characters, alphanumeric. For example, for TCT
code you can enter ‘Transfer Charges Transaction’.
SWIFT Code
This is the SWIFT code to which this transaction code is linked. It is used for posting
transaction details on SWIFT format.
Select from the option list. It will display a list of SWIFT formatted codes representing
transaction types. The following list is displayed:
SWIFT
CODES
TRANSACTION TYPE
BOE
Bill of Exchange
BRF
Brokerage fee
CHG
Charges and other Expenses
CHK
Cheques
CLR
Cash Letter/Cheque Remittance
COL
Collections
COM
Commission
DCR
Documentary Credit (for Principal Amount)
DIV
Dividends - Warrants
EQA
Equivalent Amount
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