16.5 Settlement

This topic describes the systematic instructions to settle/close the loan.

Specify User ID and Password, and login to Home screen.

1. On Home screen, click Oracle Banking Liquidity Management System. Under Oracle Banking Liquidity Management System, click Intercompany Loan.
2. Under Intercompany Loan, click Settlement.
   The Settlement screen displays.

   Figure 16-7 Settlement

   
   

   
   Description of "Figure 16-7 Settlement"

   
   
3. Specify the field on Settlement screen.
   For more information on fields, refer to the field description table.

   Table 16-9 Settlement – Field Description

   Field	Field Description
   Group Customer ID	Click Search to view and select the group customer ID. This selection ensures that All the transactions are related to this group customer ID only. Further selection of customer IDs are from the children of this group customer.
   Customer ID 1	Click Search to view and select the customer ID1 wherever this customer is involved.
   Customer ID 2	Click Search to view and select the customer ID2 where only these two customers are involved.
   Disbursement From Date	Select the disbursement from date. By selecting these dates, the search is restricted for the transaction between these two dates. One can choose any one of these dates as well.
   Disbursement To Date	Select the disbursement to date.
   Loan Amount	Specify the exact loan amount, if known.
   Loan Amount From	Specify the exact loan amount from, if known. If the user is not aware about the exact amount but the range, this selection will help.
   Loan Amount To	Specify the exact loan amount to, if known.
   Loan Currency	Select the loan currency.
   ICL Ref No.	Specify the ICL reference number to list the transactions related to only that specific ICL reference number.
   Settlement Date	Select the settlement date.

4. Click Fetch to fetch the Loan details.
   For more information on fields, refer to the field description table.

   Table 16-10 Loan Details – Field Description

   Field	Field Description
   Loan Ref No	Displays the loan reference number.
   ICL Ref No	Displays the ICL ref number.
   Loan Date	Displays the loan date.
   From Account	Displays the from account.
   To Account	Displays the to account.
   Loan Amount	Displays the loan amount.
   Loan Currency	Displays the loan currency.
   Loan O/S	Displays the loan o/s.
   Maturity Date	Displays the maturity date.
   Action	Displays the actions to view transaction details.

5. Click more to view the loan settlement details.
   The Loan Settlement screen displays.

   Figure 16-8 Loan Settlement

   
   

   
   Description of "Figure 16-8 Loan Settlement"

   
   

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

   Table 16-11 Loan Settlement – Field Description

   Field	Description
   Loan Date	Displays the date on which the loan is booked.
   Maturity Date	Displays the maturity date of a loan, if it is fixed tenure loan. Else, this field will be blank.
   Settlement Report	Displays whether the settlement report is to be generated.
   Disbursement Debit Account	Displays the lenders account.
   Disbursement Debit Amount	Displays the amount that is debited from the lenders account.
   Disbursement Debit Currency	Displays the currency of the lenders account.
   Disbursement Credit Account	Displays the borrowers account.
   Disbursement Credit Amount	Displays the amount that is credited in borrowers account. This amount could be different that the “Disbursement Debit Amount” if the currencies are different.
   Disbursement Credit Currency	Displays the currency of the borrowers account.

   The Initiate Settlement initiates the repayment process. After successful settlement transaction, the loan is marked as Settled.