5.2.3.8 Specifying ‘Other’ Details

Following details have to be captured in the Other Details section of the screen:

• Liquidate Back Valued Schedules

  If you have specified, while defining the product, that for a back-dated tranche or drawdown loan contract (which has an initiation date which falls before today’s date), with schedules prior to today’s date, the schedules have to be liquidated when the drawdown is initiated, the same applies to the drawdown you are processing. However, through this field, you can choose not to liquidate back valued schedules by leaving this field blank.

• Zero Cash Flow for Future Schedules

  If you select this check box, the Actual Amount Due is displayed instead of Expected Amount Due in the Payment Details screen.

  For example, If Rate Type is Fixed User Input and Rate Fixing is selected, then amount is calculated till Rate Effective End Date entered in the Rate Fixing screen and displayed in Payment Details screen.

  If Rate Type is Floating and Code Usage is Periodic then system calculates the amount due till next revision schedule and displayed in Payment Details screen.

  If Rate Type is Floating and Code Usage is Auto then the system calculates the amount due till today and displayed in Payment Details screen.