Identifying Drafts Used as Collateral
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
DRAFT_TRANSFER |
Identify drafts that are being used or are no longer being used as collateral. |
You can use drafts that have an Accepted status as collateral. When you identify a draft as being used for collateral, its status changes from Accepted to Collateral and you cannot remit the draft to the bank. When a draft is no longer being used for collateral, change its status back to Accepted so that it can be remitted to the bank.
Use the Draft Collateral page (DRAFT_TRANSFER) to identify drafts that are being used or are no longer being used as collateral.
Navigation:
Field or Control |
Description |
|---|---|
Transaction Date |
Enter the date when the draft is first used as collateral. |
Name |
Enter the name of the collateral holder. |
Undo |
Click if the draft is no longer being used as collateral to change the status to Accepted. |
History
Records each change to the status of the draft.
Field or Control |
Description |
|---|---|
Transaction Type |
Displays the collateral status of the draft. Collateral indicates that the draft is being used as collateral. Undo indicates that the draft is no longer being used as collateral. |