EBS(electronic bank statement)

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