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Financial Scenario 4 - Evaluated Receipts Settlement, Pre-2000 Version B
Status:  Balloted and Ratified by Membership, November 1998  Most 1998 models will be recast as Scenarios.

Business Overview

Special Notes:

Supplier suppresses hard copy and electronic invoices associated with the regular shipment; however, the supplier may issue Invoice (810/INVOIC) transactions for additional charges such as freight and tax payments if necessary, using one of the other Financial Business Models described earlier in this document.

Customer and supplier resolve all discrepancies.  The Credit /Debit Adjustments may be needed to facilitate the process of reconciliation.  Financial models for adjustment/reconciliation processes have not been completed by EIDX as of this writing.


Overview (Use Case) Diagram    Narration

 


Narration   Overview (Use Case) Diagram

Step

Description

1.

Ship notice issued

2.

Receipt advice sent to seller (optional)

3.

Buyer issues payment order to bank accompanied by remittance detail

4.

Buyer’s bank sends payment to seller’s bank, along with remittance detail

5.

Bank informs seller of receipt of funds and associated details

Last updated 03 January 2003