5.4.2 Associating Fee at Contract Level

You can associate the fee by clicking the Fee button in the Loan and Commitment- Contract Input (OLDTRONL) screen.

For more information on contract details, refer to Disbursing a Loan topic in this User Manual.

Specify the User ID and Password, and login to Homepage.

From the Homepage, navigate to Loan and Commitment- Contract Input screen.

1. From the Loan and Commitment- Contract Input screen, click on Fee tab.
   The Fee Components screen is displayed.

   Figure 5-6 Fee Components

   
   

   
   Description of "Figure 5-6 Fee Components"

   
   
2. Here, the system defaults the loan fee, unused fee and commitment fee components which are maintained at the product level with which this contract is associated.
   The system defaults the following details:

   • Fee Component
   • Fee Rule
   • Currency
   • Association Date
   • Start Date
   • End Date
   • Component Status
3. You can define the fee payment schedules in the Loan and Commitment- Contract Input (OLDTRONL) screen under Schedules tab.

   Figure 5-7 Schedules Tab

   
   

   
   Description of "Figure 5-7 Schedules Tab"

   
   

   Here the fee payment schedules are defined under Schedule Details as seen above.

   You are allowed to amend the above preferences in future through the Fee Amendment screen.

4. You can amend fee schedules in Schedules Details tab.

   Figure 5-8 Schedules Details

   
   

   
   Description of "Figure 5-8 Schedules Details"

   
   

   Here you can amend the schedules of a particular component of a contract if required.

   The system posts the following entries in case of Fee Liquidation:

   • Fee collected in Advance
     • At Fee Collection (FLIQ)

       Accounting Role	Dr / Cr	Amount Tag
       CUSTOMER	Dr.	Component_LIQD
       Component_RIA	Cr.	Component_LIQD

     • At Fee Accrual (FACR)

       Accounting Role	Dr / Cr	Amount Tag
       Component_RIA	Dr.	Component_ACCR
       Component_INC	Cr.	Component_ACCR

     • Component_RIA - Fee Component Received in Advance
     • Component_INC - Fee Component Income
     • CUSTOMER - Borrower
     • Component_FLIQ - Fee Component Liquidated
     • Component_FACR - Fee Component Accrued.
   • Fee collected in arrears
     • At Fee Accrual (FACR)

       Accounting Role	Dr / Cr	Amount Tag
       Component_REC	Dr.	Component_ACCR
       Component_INC	Cr.	Component_ACCR

     • At Fee Collection (FLIQ)

       Accounting Role	Dr / Cr	Amount Tag
       CUSTOMER	Dr.	Component_LIQD
       Component_REC	Cr.	Component_LIQD

     • Component_REC - Fee Component Receivable
     • Component_INC - Fee Component Income
     • CUSTOMER - Borrower
     • Component_LIQD - Fee Component Liquidated
     • Component_ACCR - Fee Component Accrued