2.12.18 Commodity

This topic provides information on commodity.

1. On the Home screen, specify GCDCOLCO in the text box and click the icon.
2. On Commodities screen , click the Commodity Details tab.
   The Commodities Details screen is displayed.

   Figure 2-83 Commodities Details

   
   

   
   Description of "Figure 2-83 Commodities Details"

   
   

   Using this screen, customer collateral of type commodities can be maintained. Multiple commodities records can be linked same customer collateral. Collateral value is updated duly considering amount of these commodities.

   When multiple commodities are linked, total amount of these commodities are updated as collateral value. Amount of commodity arrived at based on quantity and unit value of the price code, which in turn is updated as collateral value.

   For more information on fields, refer to the field description table.

   Table 2-98 Commodity Details - Field Description

   Field	Description
   Item Reference	Specify the unique item Reference number.
   Item	Item is fetched from the list of securities created for commodity type of collateral.
   Item Description	Specify the item description.
   Commodity Type	Specify the commodity type.
   Currency	If the collateral being is enabled for manual revaluation, then click the icon and select the currency from the option list. However, in case collateral being is enabled for external revaluation, currency gets populated based on the security code selected.
   Amount in Collateral Currency	Wherever commodities currency is different from collateral currency, commodities value in the collateral is converted to collateral currency as per rate configured and collateral value is updated.
   Quantity	Specify the quantity.
   Quantity in units	Select the quantity in units from the drop-down list. The available options are: Barrel Kg MMBTU Pound Quintals Ton
   Price In Units	Specify the price in units.
   Amount	Specify the amount of the commodity.
   Storage Location and Storage Details	Storage location and storage details can be noted for the commodity.
   Lien Detail	Existing lien details if any against the commodity can be noted.
   Insurance Details	Click this button to add commodity specific insurance details. For more information on insurance details, refer unresolvable-reference.html#GUID-83C05BC0-0D1F-498E-9A52-BE959CDE5D53.
   Valuation Details	Click this button to add commodity valuation details. For more information on valuation details, refer unresolvable-reference.html#GUID-FB2AC47B-DF5E-4EED-87E2-DF3F37B9FEFD.

   Table 2-99 External pricing details - Field Description

   Field	Description
   Security code	When the collateral is enabled for external revaluation, click the icon and select can select the security code from the adjoining list.
   Security description	Displays the description of the security code selected.
   Market Price code	click the icon and select can select one or more price codes configured for this security code.
   Unit value	Unit value is defaulted for the price code selected.
   Number of units	Specify the number of units of security being considered for collateral creation.
   Current value	Based on unit value and number of units, current value is calculated and displayed.

3. Click Save to save the record.