1. Bilateral Loans
  2. Disbursing a Loan
  3. Maintaining Special Penalty Component Waiver Details

4.34 Maintaining Special Penalty Component Waiver Details

You can waive late payment charge schedule(s) for a component using Special Penalty Component Waiver screen.
Specify the User ID and Password, and login to Homepage.
  1. On the homepage, type OLDPNWVR and click next arrow.
    The Special Penalty Component Waiver screen is displayed.

    Figure 4-41 Special Penalty Component Waiver


    Description of Figure 4-41 follows
    Description of "Figure 4-41 Special Penalty Component Waiver"

  2. You can enter below details in this screen. For information on fields, refer to the field description table.

    Table 4-48 Special Penalty Component Waiver

    Field Description
    Contract Ref No Specify the reference number of the contract for which the late payment charge schedules should be waived.
    System displays the following details based on the specified contract reference number:
    • Module Code
    • CCY
    • Department Code
    • Product Code
    • Counterparty
    • Facility Name
    • CUSIP/ISIN
    • External CUSIP
    • Treasury Source
    Penalty Comp Select the penalty component from the adjoining option list. This list displays all the late payment charge schedules for the contract which are not fully paid of waived.
    Due Date System displays the due date for the penalty component selected.
    System displays the following details based on the selected penalty component:
    • Grace Days
    • Penalty Calc Date
    • Penalty Amount Due
    • Penalty Amt Settled
    • Basis Amount Due
    • Basis Amount Settled
    Remarks Specify a brief description regarding the waiver for late payment charges for a schedule.
    Waive Select this check box to indicate that the late payment charge schedule should be waived for a component. You can save the waiver operation only if the Waive box is selected for all schedules.

    You can waive a partially paid late payment charge schedule. In this case, the unpaid amount is treated as waived and the already paid amount is treated as settled. No further dues are tracked for this schedule.

    Before allowing the waiver of each schedule, system checks that all preceding schedules have been paid or waived. If there are any unpaid schedules preceding this schedule, then system displays the following override message:

    Prior schedules are unpaid for this component. Please pay/waive all such schedules before proceeding.

    On waiving a late payment charge, the previously calculated charges are no longer due.

    The accounting entries are posted against the event SPWV (Special Penalty Waiver). If multiple schedules are waived as part of the same waiver operation, then system triggers a single SPWV event with separate accounting entries for each schedule. The accounting entries are posted for information and tracking purposes only.

    This topic contains following sub-topics:

Parent topic: Disbursing a Loan