Transactions Terms:(found on AA)
CRCD = Card online payment (when client pays for policy online)
CASH/CARD = Phone card payment
CHEQ = Cheque payment
CARP = Card Guarantee (when you want to take payment from card stored on file)
CARF = Card refund (done by Refunds)
Premium from Insurer:
INIT = Initial Premium
PROV = Provisional Premium
REN = Renewal Premium
DISC = Discount that we give PH
COMC = same as above
DISD = Reversal of discount (DISC)
COMD = Reversal of discount (COMC)
FEE = Fee we charge
FEEC = Fee contra (reversal of FEE)
CRED = CPF loan (money that CPF have given for the loan)
CRDD = RP to CPF
INT = CPF set up fee (only found on V branch)
CRDI = Reversal of INT only within cooling off
When transferring funds between same branch or on different lines:
XFRD = Transfer debit
XFRC = Transfer credit
When transferring funds on different branches:(Done through P15)
CASH = loading it on to policy with debt
RET = taking from line with credit (return of premium cheque, BACS, Claw back)
MISD = Miscellaneous debit (AP from UW for MTA)
MSC2 = Miscellaneous credit (RP from UW for MTA)
CANC = Cancellation refund from UW when cancelling
CORD/RISK = Reversing of CANC
if you contra the CANC it will show RISK but then sometimes adds discounts or fees so be sure to check
Only done by managers:
WOBC = write of balance credit - means we are covering it
WOBD = write of balance debit - means we are taking it
Money to insurers for temporary changes:
TMAD = Temp vehicle
TADD = Temp driver
GRCD = Money to the insurer for EU cover for green card.
LEGD = Legal expenses debit - Optional extras
LEGC = Legal expenses credit - Reversing of Optional extras