The following financial instruction line items can be related to the reversal instruction.
ILIs |
Description |
Related via Process |
|---|---|---|
Benefit ILI, e.g., Max Personal, Child Allowance |
When a payment is canceled, all benefit instruction line items are rolled-up into the reversal instruction. | Payment Instruction Creation Process |
Additional ILIs rolled-up in original payment instruction |
When a payment is canceled, all additional instruction line items rolled-up in the original payment instruction must be accounted for. These include deduction, ad hoc, tax, and under payment instruction line items. | Payment Instruction Creation Process |
Liability ILI, e.g., Insurance Contributions |
Any or all liability instruction line items that have been reversed are rolled-up into the reversal instruction |
Liability Instruction Creation Process |
| Over or Under Billing ILI | When a liability is reversed in full, any over or under billings rolled-up in the liability must be accounted for. | Reassessment Process |
Payment Received ILI (Unallocated Payment Received) |
When a payment received is canceled, all unallocated payment received instruction line items are rolled-up into the reversal instruction. | Payment Received Creation Process |
Allocated Payment Received ILI |
When a payment received is canceled, all allocated payment received instruction line items are rolled-up into the reversal instruction. | Allocate Payment Received Process |
Reverse Allocation ILI |
When allocations have been made towards a liability and that liability is reversed, reverse allocation instruction line items are created. These instruction line items will make the allocation amount available to be applied towards future liabilities. When reversing a payment received, any allocations made towards the liability from the payment received will be checked and reverse allocation instruction line items created for each which will make the amount due again on the liability. |
Reverse Liability Process (when allocations have been made toward the liability) OR Reverse Allocated Payment Received Process |