4.9.25 Defining Overwrite Settlement Instructions for the Tranche

You can overwrite the settlement instructions maintained for a contract with internal GLs by specifying the Overwrite instruction in the Overwrite Settlement Instruction Details screen. This screen can also be used if the payment is to be routed through internal GLs instead of the customer accounts. For example, Manual Rollover.

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

From the Homepage, navigate to LB Tranche Contract Online screen.

1. From the LB Tranche Contract Online screen, click Overwrite Default SI.
   The Overwrite Settlement Instruction Details screen is displayed.

   Figure 4-65 Overwrite Settlement Instruction Details

   
   

   
   Description of "Figure 4-65 Overwrite Settlement Instruction Details"

   
   
2. Specify the following details in this screen.
   • Component

     This screen displays the all the components displayed in the Settlement Message Details screen. The tax components related to the participant contracts are also displayed here.

   • Internal GL

     Specify the Internal GL accounts into which you want to post the liquidation entries for the components.

   • Overwrite default settlement instruction

     Check the Overwrite default settlement instruction 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 check this box. Otherwise, system posts the entries as per the settlement instructions specified for the component of the contract.

     Note:

     • The internal GL accounts maintained for the tranche is applicable only for the tranche contracts and not default to the drawdown level.
     • If you select the overwrite default settlement instruction check 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 the overrides for tranche