4.9.24 Viewing Tranche Tax Details

The tax details defaults from the facility contract if a tax rule is associated with the participant product linked to the facility product. You can view the tax details for the contract in the Participant Tax Details screen.

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

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

From the LB Tranche Contract Online screen, click Tax.

1. From the Tax Details screen, click Participant Tax.
   The Participant Tax screen is displayed.

   Figure 4-64 Participant Tax

   
   

   
   Description of "Figure 4-64 Participant Tax"

   
   
2. At the tranche level, tax is applicable only on the fee component. This screen displays the tax rule details associated with the tranche product. You have the option to waive the subsequent tax to be applied for a participant and tax rule combination.
   The system passes the entries for tax based on the event you specify in the Product Tax Linkage screen. Typically, tax on fee is calculated upon liquidation of the fee (event FLIQ will be associated with the rule) while tax on interest is computed on interest liquidation (event LIQD).

   For more information on the Tax sub-system of Oracle Banking Corporate Lending, refer the Tax User Manual.