13.4 Accounting Entries for Late Payment Charges
The following accounting entries need to be maintained for LIQD and SPWV events at loan product level to process late payment charges.
- LIQD: Liquidation
Table 13-97 LIQD: Liquidation
Accounting Role Amount Tag Dr./Cr. Indicator CUSTOMER <Special Penalty Component>_ LIQD Debit <Special Penalty Component> INC <Special Penalty Component>_ LIQD Credit - SPWV: Special Penalty Waiver
Table 13-98 SPWV: Special Penalty Waiver
Accounting Role Amount Tag Dr./Cr. Indicator ADJMNT_GL <Special Penalty Component>_ WAIV Debit ADJMNT_GL_OFF <Special Penalty Component>_ WAIV Credit - PRLQ: Partial Liquidation
Table 13-99 PRLQ: Partial Liquidation
Accounting Role Amount Tag Dr./Cr. Indicator CUSTOMER <Special Penalty Component>_PAY Credit <Special Penalty Component>PAY <Special Penalty Component>_PAY Debit CUSTOMER <Special Penalty Component>_REC Debit <Special Penalty Component>REC <Special Penalty Component>_REC Credit - RSPW: Reversal of Special Penalty Waiver
Accounting entries for RSPW event is derived by the system from the entries defined for SPWV.
Table 13-100 SPWV: Special Penalty Waiver
Accounting Role Amount Tag Dr./Cr. Indicator ADJMNT_GL <Special Penalty Component>_ WAIV Credit ADJMNT_GL_OFF <Special Penalty Component>_ WAIV Debit
Parent topic: Appendix A – Events, Advices and Accounting Entries