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EBS(electronic bank statement)

Former Member
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1,249

Hi,

I have few queries regarding MT940 implementation.

a) What do the transaction Type S,N,F mean.

eg: For Check payments(CHK) what is the difference between NCHK, FCHK......

b) For the following process what should be the posting entires

Customer Payments

Clear Open Items

Deduction of Withholding Tax

Vendor Payments returned due to various reasons

Customer Deposits

Direct Debit

Direct Credit

Your advice would be highly appreciated.

Thanks

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Answers (1)

Answers (1)

Former Member
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for the "N", it's the entry method. You'll need to check with your house bank.

For Citibank it's always a constant "N", but it varies according to country / banks.

These are the entry method and 3 char transaction types i have found:

FCHG = Charges and other expenses

FCHK = Cheques

FINT = Interest

FRTI = Returned item

NBOE = Bill of exchange

NCHG = Charges and other expenses TT - TT_10, PT

NCHK = Cheques TS

NCOL = Collections

NCOM = Commisions

NDCR = Documentary credit

NDIV = Dividends-Warrants

NECK = Eurocheques

NEQA = Equivalent amount

NFEX = Foreign exchange X

NINT = Interest AI

NLDP = Loan deposit

NMSC = Miscellaneous other

NRTI = Returned item

NSEC = Securities

NSTO = Standing order

NTCK = Travellers cheques

NTRF = Transfer

Edited by: Fook Ching Chua on Jan 10, 2012 9:32 AM