5.2.20 Defining Overwrite Settlement Instructions for the Drawdown

You can maintain settlement instructions for various components such as fees, charges, tax, principal, interest, and so on, using the Overwrite Settlement Instruction Details screen. Using this screen, you can post liquidation entries into an Internal GL account instead of the customer account at the time of rollover.

Specify the User ID and Password, login to Homepage.

From the Homepage, navigate to Drawdown Contract Detail screen.

1. From the Drawdown Contract Detail screen, click Overwrite default SI.
   The Overwrite Settlement Instruction Details screen is displayed.

   Figure 5-27 Overwrite Settlement Instruction Details

   
   

   
   Description of "Figure 5-27 Overwrite Settlement Instruction Details"

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

   Table 5-17 Overwrite Settlement Instruction Details

   Fields	Description
   Component	This screen displays the all the components displayed in the Settlement Message Details screen.
   Internal GL	Specify the Internal GL accounts into which you want to post the liquidation entries for the components.
   Overwrite Default Settlement Instruction	Select the Overwrite default settlement instruction check box to confirm that the liquidation entries should be posted into the Internal GL account. System posts the entries to the Internal GLs only if you select this box. Otherwise, system posts the entries as per the settlement instructions specified for the component of the contract. Note: If you select the Overwrite default settlement instruction box for a component, system overwrites the settlement instructions of both the borrower and the participants. You can maintain the Internal GL account anytime during the life cycle of the contract.

   This topic contains following sub-topics:

• Authorizing Overrides for Drawdown