5.2.28 Specifying the Special Penalty Components

You can select components to which late payment charges are applicable for both commitment and loan contracts using the Special Penalty Components screen.

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 Special Penalty.
   The Special Penalty Components screen is displayed.

   Figure 5-35 Special Penalty Components

   
   

   
   Description of "Figure 5-35 Special Penalty Components"

   
   
2. Specify the following details:
   • Component - System defaults the components selected for late payment charge application at the product level.
   • Apply Special Penalty - Select this check box to indicate that system should apply special charges to the penalty component.
   This topic contains following sub-topics:

• Processing the Late Payment Charges