2.1.4 Settlement Tab

Using this tab, you can define the settlement accounts for the newly consolidated loan account.

The prerequisites are as follows:

• Select accounts for consolidation. For more information, refer Consolidation Tab.
• View or define schedule. For more information, refer Schedule Tab.
• View or define interest and fees. For more information, refer Interest & Fees Tab.

To define settlement accounts:

1. In the Settlement tab, maintain the required details for the consolidated account.

   Figure 2-10 Settlement tab

   
   Description of "Figure 2-10 Settlement tab"

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

   Table 2-6 Settlement Tab – Field Description

   Field	Description
   Customer ID	Displays the customer ID specified in the Consolidation tab.
   Driver Basis	Displays the account for the driver basis. Note: This field is displayed if the Driver Account field is displayed in the Consolidation tab. By default, the field displays the account selected in the Driver Account field in the Consolidation tab.
   Customize	Select the option to enable the fields and edit the required details.
   Transaction	Displays the type of transaction.
   Type	Displays the account type.
   Account/Ledger	Specify the account or ledger for settlement. Note: By default, a value is displayed in this field. To edit, select the Customize option, displayed next to the Driver Basis field. For more information on fetching the account or ledger number, refer Fetch Account or Ledger.
   Branch	Displays the branch of the account or ledger account.
   Currency	Displays the currency of the amount.

   • To fetch account or ledger account:
     1. Click icon from the Account/Ledger field.

        Figure 2-11 Account Number

        
        Description of "Figure 2-11 Account Number"
     2. In the Account Number section, specify the details in the Account Number, Customer Name, or Branch field.
     3. Click Fetch.

        The required information is fetched and displayed in the table.

     4. Select the required entry from the Account Number, Customer Name, Currency, or Branch list displayed in the table.

     Note:

     If the Driver Account field is not displayed in the Consolidation tab, then the following screen is displayed and the Type, Account/Ledger, Branch, and Currency fields are enabled.

     Figure 2-12 Settlement Tab – Driver Account Not Available

     
     Description of "Figure 2-12 Settlement Tab – Driver Account Not Available"
2. Click Next.
   The Consolidated Account Details tab is displayed.