2.9.2 Perform Reversal of Transaction

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

   Table 2-36 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. You 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 2-37 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.
     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 2-38 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 2-39 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 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 you click Cancel, then Transaction View & Reversal screen is displayed again.