7.12.4 Increase/Decrease Contra GL Balance

You can increase / decrease the contra GL balance for contract through the Contra GL Adjustment screen.

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

1. On the homepage, type OLDCONTR and click next arrow.
   The Contra GL Adjustment screen is displayed.

   Figure 7-16 Contra GL Adjustment

   
   

   
   Description of "Figure 7-16 Contra GL Adjustment"

   
   
2. You can specify below details in this screen. For information on fields, refer to the field description table.

   Table 7-15 Contra GL Adjustment

   Field	Description
   Reference No.	Enter the Reference Number of the transaction for which you would like to reduce the contra amount. When you enter the Reference Number, the following details are defaulted in this screen: Department Branch Currency Treasury Contract Balance Amount Counterparty Contra Balance Status of the transaction Value Date of the transaction
   Amount Paid	Specify the amount that is paid; this also the amount of the contra balance which is reduced or increased.
   Lcy Eqvt	The Lcy equivalent is computed (if the transaction currency and the currency of the amount paid are different) and displayed. If the transaction currency and the currency amount paid are not different, the Lcy equivalent is the value that you have entered against the field Amount Paid.
   Account Dr.	The Contra GL/Income GL which should be debited is displayed here based on contra increase or decrease operation.
   Account Cr.	The Contra GL/Income GL which should be credited is displayed here based on contra increase or decrease operation.
   Remarks	You may add remarks if you want to, in this field.

   You can also specify the following detail in this screen.

   • Contra GL Adjustment

     Specify the type of contra GL adjustment (increase or decrease) that is to be associated with the contract. By default, the contra GL adjustment indicator is Contra Decrease. You can select one of the following options.

     • Contra Increase
     • Contra Decrease
     If the transaction is for Contra Balance Increase, then CICR event is triggered,
     The accounting entries posted are as follows:

     Table 7-16 Accounting entries

     Dr/Cr	Accounting Entires	Interest Component
     Dr	INTERESTINCOME GL	Main Interest_CICR
     Cr	Contra GL	Main Interest_CICR

     If the transaction is for Contra Balance Decrease, then CDCR event is triggered.

     The accounting entries posted are as follows:

     Table 7-17 Accounting entries

     Dr/Cr	Accounting Entries	Interest Component
     Dr	Contra GL	Main Interest_CDCR
     Cr	INTERESTINCOME GL	Main Interest_CDCR