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## 2.5.1 Perform Reversal of Transaction

User can initiate a reversal of the loan transaction only after the due diligence is completed on the loan account.

To perform reversal of transaction:

1. To launch the screen, fetch account number, and view the account related transaction details, refer View Transaction Details.
2. From the Transaction View & Reversal screen, in the Transactions section, click from the Action field.
   The Transaction View & Reversal screen is displayed.

   Description of the illustration transaction-view-and-reversal_summary.png

3. User can view the transaction summary. For more information on fields, refer to field description table below:

   Table 2-21 Transaction Reversal - Summary – Field Description

   Field | Description
   --- | ---
   <Event Name> | This section displays the event name for which the reversal is being performed.
   Summary | This section displays the transaction summary of the account.
   Customer Name | Displays the customer number and name.
   Product Name | Displays the product code and description.
   Transaction Date & Time | Displays the date and time, when the transaction was performed.
   Value Date | Displays the value date of the transaction.
   Amount | Displays the transaction amount with debit or credit indicator.
   Maker | Displays the maker name who has performed the transaction along with date and time details.
   Checker | Displays the checker name who has performed the transaction along with date and time details.

4. User can view more information related to the account transactions, in the following tabs:
   - Transaction Details

     Description of the illustration transaction-view-and-reversal_transaction-details.png

     For more information on fields, refer to field description table below:

     Table 2-22 Transaction Details tab – Field Description

     Field | Description
     --- | ---
     Settlement Details | This section displays all the settlement details related to the account.
     Settlement | Displays the account or GL number along with the description. Note: For external accounts, this field displays the external account number and name.
     Branch | Displays the branch name and code.
     Debit/Credit | Displays whether the transaction is of debit or credit in nature.
     Settlement Amount | Displays the settlement amount in local currency.
     FCY Amount | Displays the amount in foreign currency.
     Exchange Rate | Displays the exchange rate in case of foreign currency.
     Component Details | This section displays the component details, which is settled during the transaction. Note: This section is displayed if component details are present for the selected transaction.
     Component | Displays the name of the component.
     Due | Displays the amount due.
     Paid | Displays the amount paid.
     Waived | Displays the waived amount.
     Capitalized | Displays the capitalized amount.
     Write Off Details | This section displays the write-off details of the account. Note: This section will be displayed if there are write off events for the selected transaction.
     Amount Written Off | Displays the write-off amount.
     Fee Details | This section displays the fee details of the account. Note: This section is displayed if charges or fees are collected as part of the event.
     Charges | Displays the charges for the fees was charged.
     Settlement Amount | Displays the settlement amount along with currency.
     Settlement | Displays the settlement account number and name.
     Fee Details |
     Charges |
     Settlement Amount |
     Settlement |
     Accounting Entries | This section displays the accounting entries detail of the account. Note: This section is displayed if accouting entries are related to the selected transaction.
     Mode | Displays mode of the accounting entries as Account or Ledger.
     Branch | Displays the branch where the transaction was performed.
     Description | Displays the account or GL number along with description.
     Debit/Credit | Displays whether the entries are of debit or credit in nature.
     Amount | Displays the local currency amount.
     Amount Tag | Displays the description for the amount tag.
     Status | This section displays the status of the events. Note: This section is displayed if there is a status change event for the transaction.
     Loan Current Status | Displays the current status of the loan account.
     Loan New Status | Displays the new status of the loan account.
     Effective Date | Displays the date from which the loan status is effective.

   - Preferences

     Description of the illustration transaction-view-and-reversal_preferences.png

     Table 2-23 Preferences tab – Field Description

     Field | Description
     --- | ---
     Loan Preferences | This section displays the detail of loan account preferences.
     Account | This section displays the account details.
     Statement Facility | Displays the frequency of the statement.
     Status Change Mode | Displays the mode as Auto or Manual.
     Rate Change Impact | Displays the impact of rate change as Change Term or Change Installment.
     Partial TD Block Release | Displays whether to release partial TD block or not.
     Bulk Payment | Displayed whether bulk payment is allowed or not.
     Provisioning Preferences | Displays the preferences for provisions as Auto or Manual.
     Liquidation | This section displays the liquidation details.
     Partial Liquidation | Displays whether partial liquidation is allowed or not.
     Track Receivable | Displays whether to track receivables or not.
     Salary Block | Displays whether to block salary or not.
     Liquidation of Back Value Schedules | Displays whether liquidation of back value schedules are allowed or not.
     Rollover | This section displays the rollover details.
     Allow Rollover | Displays whether rollover of account is allowed or not.
     Rollover Mode | Displays the mode of rollover as Auto or Manual.
     User Defined Element Basis | Displays the basis of user defined element as Account or Contract.
     Schedule Basis | Displays the basis of schedule as Contract or Account.
     Loan Components | This section displays the loan component details.
     Component | Displays the name of the component.
     Waive | Displays whether waive is allowed or not.
     Internal Rate of Return | Displays the internal rate of return is allowed or not.
     Settlement Preferences | This section displays the settlement preferences details of the account.
     Default Debit Account | This section displays the default debit account details.
     Component | Displays the name of the component.
     Type | Displays the type as Account, GL, or External Account.
     Account/Ledger | Displays the account or ledger number along with account name or description.
     Branch | Displays the branch code and name.
     Currency | Displays the settlement currency.
     Verify Funds | Displays whether to verify funds or not.
     Default Credit Account | This section displays the default credit account details.
     Component | Displays the name of the component.
     Type | Displays the type as Account, GL, or External Account.
     Account/Ledger | Displays the account or ledger number along with account name or description.
     Branch | Displays the branch code and name.
     Currency | Displays the settlement currency.

   - Other Financial Details

     Description of the illustration transaction-view-and-reversal_other-financial-details.png

     Table 2-24 Other Financial Details - Field Description

     Field | Description
     --- | ---
     Collateral Linkage | This section displays the collateral linkages detail. Note: This section displays if a collateral is linked to the account.
     Linkage Order | Displays the order of collateral linkage.
     Limit | Displays the limit.
     Limit Value | Displays the value of the limit.
     Linked Amount | Displays the amount linked to the collateral.
     Schedule Details | This section displays the schedule details of the account.
     First Due Date | Displays the first due date of the schedule.
     Stage | Displays the stage of the schedule.
     Component | Displays the name of the component.
     No. Of Schedule | Displays the number of schedules for the stage or components.
     Frequency | Displays the frequency of the schedule.
     EMI Amount | Displays the user defined EMI amount.
     Amount | Displays the schedule amount.
     Treatment | Displays the schedule treatment as Waive or Capitalize.
     Interest Rate Revision | This section displays the interest rate revision details of the loan. Note: This section is displayed if interest rate revision schedule is set up for the selected loan account.
     First Due Date | Displays the first due date of the schedule.
     Component | Displays the name of the component.
     No. Of Schedule | Displays the number of schedules for the stage or components.
     Frequency | Displays the frequency of the schedule.
     Interest Rate/Fees | This section displays the user defined elements or value.
     Effective Date | Displays the effective date of the element.
     Component | Displays the name of the component.
     Rate Type | Displays the type of rate as Fixed or Variable.
     Rate Code | Displays the rate code, if the Rate Type is Variable.
     Code Usage | Displays the rate code usage as Automatic or Periodic.
     Final Value | Displays the final value of the component.

5. Click Reversal.
   The screen is successfully submitted for authorization.

   Note:

   If user click Cancel, then Transaction View & Reversal screen is displayed again.

Parent topic: Transaction View & Reversal