Hi Ashok,
1. the payment request clearing account posted by F111 should be cleared/ zero out by GL transfer posting (provided that there is no exchange rate difference involved). As you say, when transacting IHC0, the system post 2 payment items, one of which represent IHC itself (clearing current account). This is the items that needs to be matched up with the Payment request clearing account. You may use the same account or within the same range of Clearing account.
2. I have had the exposure to IHC provisional posting functionality where IHC would like to pass Gains and losses resulting from exchange rate to subsidiaries, which means subsidiary current account is updated using a different Exchange rate type as per configuration.
- IHC0 is posted but the status is "provisionally posted", which will pass payment request to FI to proceed the outgoing payments. In the meantime, IHC has posting into provisional CA vs IHC Clearing account within IHC.
- you may need to create different product, which does not give rise to Bank statement posting.
- In the above case, we set a different exchange rate type for Final posting while provisional posting was using M
- When the real exchange rate type is updated, IHC0 to carry out "Final posting"
- Bank statement will pass the Final Posting portion to subsidiaries.
So unless you have this sort or requirement, I imagine you would not need this.
hope that this helps
Kind regards