5.2.11 Banker’s Acceptance
You can view or capture banker’s acceptance details only if the Banker’s Acceptance check box is selected at the product level.
Contract Details
The contract details get defaulted from the Contract tab.- Broker BA Product
You can select BA broker product from the list of values. These values are maintained the Static Maintenance screen.
- Interest Day Basis
The interest day basis gets defaulted from the Interest Basis of the main interest component.
Rate Details
Table 5-8 Rate Details
Fields | Description |
---|---|
Stamping Fee Rate | This rate gets defaulted from the Final Rate of the main interest component. |
Discount Rate | Specify the discount rate. |
Treasury MIS Rate | Specify the treasury MIS rate.
This rate gets defaulted to User Rate of the MIS screen. |
Agent Rate | Specify the agent rate. |
Amount Details
Table 5-9 Amount Details
Fields | Description |
---|---|
Stamping Fee Amount | This amount gets defaulted from the Interest
Amount field of main interest component
amount.
Stamping fee amount = loan amount * stamping fee rate * no. of days / day basis. Example:
|
Discount Amount | This amount is calculated automatically, that is, Loan Amount *
(1 – Discount Rate)
Example:
|
Net Borrowing Amount | This amount is calculated automatically, that is, after deducting
the discount and stamping fee from the drawdown
amount.
Example:
|
Parent topic: Capturing Drawdown Details