3.1 Processing Disbursement Task

This topic describes the steps to process the disbursement record.

When a finance is manually initiated, a disbursement task is created in the system.

Manual disbursement tasks are also generated in the following cases:

• When automatic disbursement fails.
• When a borrower has overdue transactions (only if the configuration flag Allow Auto Processing for Overdue Borrowers has been disabled).
• When a borrower is delinquent (only if the configuration flag Allow Disbursements for NPA Borrowers has been enabled).
• When finance is initiated for overdue invoices and debit notes.

Note:

Only authorized users can process and authorize the disbursement tasks.

The disbursement tasks are segregated into the following data segments:

• Basic Info
• Pre-Shipment Liquidation
• Party
• Limits
• Interest
• Charges
• Accounting
• Summary

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

1. On Home screen, click Supply Chain Finance. Under Supply Chain Finance, click Tasks.
2. Under Tasks, click Finance. Under Finance, click Free Tasks.
   The Finance - Free Tasks screen displays.

   Figure 3-1 Finance - Free Tasks

   
   

   
   Description of "Figure 3-1 Finance - Free Tasks"

   
   
3. Perform any of the below action from the Free Tasks screen.
   • Click the Acquire and Edit link beside the required disbursement tasks to process.
   • Select the checkbox of the required tasks and click Acquire button above the grid to acquire multiple tasks. Once you acquire a task, it is moved to the My Tasks list. You can then navigate to My Tasks screen and click Edit link beside the required disbursement tasks to process.

   Note:

   The following information is displayed at the top of the disbursement tasks screen for each data segment.

   • The reference number, the stage, and the operation name of the transaction acquired for processing.
   • Click Remarks button to add any comments about the transaction .
   • Click Documents button to upload any new documents or view the uploaded documents relevant to the transaction.

Basic Info

4. Click the Acquire and Edit link beside the required disbursement tasks.
   The Basic Info screen displays.

   Figure 3-2 Disbursement - Basic Info

   
   

   
   Description of "Figure 3-2 Disbursement - Basic Info"

   
   
5. Specify the fields on Basic Info screen.

   Note:

   The fields marked as Required are mandatory.

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

   Table 3-1 Basic Info - Field Description

   Field Name	Description
   Branch	Select the branch where the disbursement is being processed. By default, the logged-in user’s branch is displayed.
   Program	Displays the name of the program that is linked to the receivables being financed.
   Product	Displays the name of the product associated with the program.
   Anchor	Displays the name of the anchor party in the program.
   Linked Receivables/PO	Click the link to view a list of receivables (invoices/debit notes) / PO that is being financed.
   Spoke	Displays the name of the counter party in the program.
   Start Date	Displays the start date of the finance. By default, it is the current business date.
   Tenor	Specify the tenor of the finance. It should be lesser than the maximum tenor and greater than the minimum tenor as defined in product/program and spoke parameter. The tenor of the finance gets defaulted basis start date and maturity date.
   Maturity Date	Specify the maturity date of the finance. Maturity date gets calculated basis maturity date parameter selected at product level.
   Grace Days	Specify the number of days, post maturity, within which the finance can be repaid without incurring penalty.
   Past Due Date	Specify the new maturity date post the initial finance maturity date. By default, the date displayed is Maturity Date + Grace Days.
   Total Receivable/PO Amount	Displays the total amount of the receivables/PO being financed.
   Finance (%)	Specify the percentage of the total receivable/PO amount to be financed. The finance percentage should be less than the maximum finance percentage and greater than the minimum finance percentage as configured in product/program and spoke parameters
   Currency	Select the currency of the finance amount.
   Finance Amount	Specify the amount to be financed. By default, this field displays the Finance (%) value of the Total Receivable Amount.
   Exchange Rate	Specify the exchange rate between the receivable/PO amount currency and the finance currency.
   Processing Date	Displays the date of processing of the disbursement.
   Preferred Disbursement Mode	Select the preferred mode of finance disbursement. The available options are: Account Transfer Cheque EFT
   Adhoc Limits Utilized	This checkbox is auto-selected if adhoc limits are being utilized in the transaction.
   Skip Pre-Shipment Liquidation	Switch the toggle ON to skip the liquidation of Pre-Shipment finance from the proceeds of the post-shipment finance. This field is displayed only if any outstanding pre-shipment finance is identified for the respective parties of the post-shipment finance.

6. Perform any of the below actions from the Basic Info screen.
   • Click Next to go to the Pre-Shipment Liquidation screen.
   • Click Save and Close to save the details and complete the processing stage of the disbursement.

     Note:

     If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
   • Click Reject to purge the disbursement transaction.
   • Click Hold to move the transaction to the Hold Tasks list.
   • Click Cancel to cancel the transaction and return to the Free Tasks screen.

Pre-Shipment Liquidation

Pre-Shipment Liquidation screen displays the details of the pre-shipment finances which will be liquidated on completion of the post-shipment disbursement. This tab is displayed only if the Skip Pre-Shipment Liquidation toggle is disabled and if there are any outstanding pre-shipment finances identified for the buyer-seller combination.

7. Click Next on the Basic Info tab.
   The Pre-Shipment Liquidation screen displays.

   Figure 3-3 Disbursement - Pre-Shipment Liquidation

   
   

   
   Description of "Figure 3-3 Disbursement - Pre-Shipment Liquidation"

   
   
8. Specify the fields on Pre-Shipment Liquidation screen.

   Note:

   The fields marked as Required are mandatory.

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

   Table 3-2 Pre-Shipment Liquidation - Field Description

   Field Name	Description
   Branch	Displays the branch where the disbursement is being processed. By default, the logged-in user’s branch is displayed.
   Product	Displays the name of the product associated with the program.
   Program	Displays the name of the program that is linked to the receivables being financed.
   Anchor	Displays the name of the anchor party in the program.
   Linked Receivables/PO	Click the link to view a list of receivables (invoices/debit notes) / PO that is being financed.
   Spoke	Displays the name of the counter party in the program.
   Start Date	Displays the start date of the finance. By default, it is the current business date.
   Maturity Date	Displays the maturity date of the finance. Maturity date gets calculated basis maturity date parameter selected at product level.
   Total Receivable/PO Amount	Displays the total amount of the receivables/PO being financed.
   Finance (%)	Displays the percentage of the total receivable/PO amount to be financed.
   Finance Amount	Displays the amount that has been financed. By default, this field displays the Finance (%) value of the total receivable amount.
   Exchange Rate	Displays the exchange rate between the receivable/PO amount currency and the finance currency.
   Processing Date	Displays the date of processing of the disbursement.
   Pre-Shipment Settlement Amount	Displays the total pre-shipment settlement amount appropriated against the relevant outstanding pre-shipment finances.
   Net Disbursed Amount	Displays the disbursed amount from post-shipment finance i.e., Net Disbursed Amount = Post-Shipment Finance Amount – Pre-Shipment Settlement Amount.
   Pre-Shipment to be Liquidated	The list of pre-shipment finances to be liquidated are displayed in this section.
   Finance Reference Number	Displays the reference number of the pre-shipment finance settled. Click the hyperlink data to view more details of the finance.
   Finance Due Date	Displays the maturity date of the pre-shipment finance.
   Finance Outstanding	Displays the total outstanding amount of the pre-shipment finance.
   Finance Appropriated (Invoice Finance Currency)	Displays the amount appropriated against the total outstanding of the pre-shipment finance in invoice currency.
   Exchange Rate	Displays the exchange rate between invoice finance currency and PO finance currency.
   Finance Appropriated (Purchase Order Finance Currency)	Displays the amount appropriated against the total outstanding of the pre-shipment finance in purchase order currency.
   Principal Outstanding	Displays the outstanding principal amount of the pre-shipment finance.
   Principal Appropriated	Displays the amount appropriated against the outstanding principal of the pre-shipment finance.
   Interest Outstanding	Displays the outstanding interest amount of the pre-shipment finance.
   Interest Appropriated	Displays the amount appropriated against the outstanding interest of the pre-shipment finance.
   Penalty On Interest Outstanding	Displays the outstanding penalty on interest amount of the pre-shipment finance.
   Penalty On Interest Appropriated	Displays the amount appropriated against the outstanding penalty on interest of the pre-shipment finance.
   Penalty On Principal Outstanding	Displays the outstanding penalty on principal amount of the pre-shipment finance.
   Penalty On Principal Appropriated	Displays the amount appropriated against the outstanding penalty on principal of the pre-shipment finance.

9. Perform any of the below actions from the Pre-Shipment Liquidation screen.
   • Click Next to go to the Party screen.
   • Click Save and Close to save the details and complete the processing stage of the disbursement.

     Note:

     If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
   • Click Back to go to the Basic Info screen.
   • Click Reject to purge the disbursement transaction.
   • Click Hold to move the transaction to the Hold Tasks list.
   • Click Cancel to cancel the transaction and return to the Free Tasks screen.

Party

10. Click Next on the Pre-Shipment Liquidation tab.
    The Party screen displays.

    Figure 3-4 Disbursement - Party

    
    

    
    Description of "Figure 3-4 Disbursement - Party"

    
    
11. Specify the fields on Party screen.

    Note:

    The fields marked as Required are mandatory.

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

    Table 3-3 Party - Field Description

    Field Name	Description
    Branch	Displays the branch where the disbursement is being processed. By default, the logged-in user’s branch is displayed.
    Product	Displays the name of the product associated with the program.
    Program	Displays the name of the program that is linked to the receivables being financed.
    Anchor	Displays the name of the anchor party in the program.
    Linked Receivables/PO	Click the link to view a list of receivables (invoices/debit notes) / PO that is being financed.
    Spoke	Displays the name of the counter party in the program.
    Start Date	Displays the start date of the finance. By default, it is the current business date.
    Maturity Date	Displays the maturity date of the finance. Maturity date gets calculated basis maturity date parameter selected at product level.
    Total Receivable/PO Amount	Displays the total amount of the receivables/PO being financed.
    Finance (%)	Displays the percentage of the total receivable/PO amount to be financed.
    Finance Amount	Displays the amount that has been financed. By default, this field displays the Finance (%) value of the total receivable amount.
    Exchange Rate	Displays the exchange rate between the receivable/PO amount currency and the finance currency.
    Processing Date	Displays the date of processing of the disbursement.
    Pre-Shipment Settlement Amount	Displays the total pre-shipment settlement amount appropriated against the relevant outstanding pre-shipment finances. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Net Disbursed Amount	Displays the disbursed amount from post-shipment finance i.e., Net Disbursed Amount = Post-Shipment Finance Amount – Pre-Shipment Settlement Amount. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Party Details	Parties with specific roles in the program can be added in this section.
    Party Details	Select the party role to be added. The available options are: Buyer Supplier Import Factor Export Factor Insurance Beneficiary/Counter Party
    Search Party	Click the search icon to select the party.
    Division	Click the search icon to select the division code of the party.
    Address	Specify the address of the selected party.
    Add New Row	Click this button to add the selected party to the grid.
    Party Role	Displays the role of the party.
    Party Id	Displays the unique ID of the party.
    Party Name	Displays the name of the party
    Address	Displays the address of the party.
    Division Code	Displays the division code of the party.
    Division Name	Displays the division name of the party.
    Action	Click Options icon to view the actions that can be taken on the party record.

12. Perform the following steps to take action on the parties in the grid:
    • Click Add New Row to add more parties.
    • Select the record in the grid and click Options icon under the Actions column and then click Delete to remove the party.
13. Perform any of the below actions from the Party screen.
    • Click Next to go to the Limits screen.
    • Click Save and Close to save the details and complete the processing stage of the disbursement.

      Note:

      If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
    • Click Back to go to the Pre-Shipment Liquidation screen.
    • Click Reject to purge the disbursement transaction.
    • Click Hold to move the transaction to the Hold Tasks list.
    • Click Cancel to cancel the transaction and return to the Free Tasks screen.

Limits

Limits are assigned to corporate parties and their associated entities (counter parties, products, programs, and so on) for the finances being requested. In some cases, apart from the sanctioned main limits, adhoc limits are also assigned to these entities. Adhoc limits will be booked once the main limits are exhausted. In other words, adhoc limits are utilized if a finance request exceeds the available main limits, but not the total available limits. In such cases, two separate disbursement transactions are created – one for the main limits utilized, and one for the adhoc limits utilized. The interest rates applicable may also differ for the finance availed under the main limit and the finance availed under the adhoc limit.

If there is a limit freeze on any of the entities involved, then the disbursement transaction cannot be processed. It can only be processed once the limit freeze is lifted.

14. Click Next on the Party tab.
    The Limits screen displays.

    Figure 3-5 Disbursement - Limits

    
    

    
    Description of "Figure 3-5 Disbursement - Limits"

    
    

    Note:

    When the main limits are being utilized, the Limit Details grid displays details related to the main limits. You can add columns related to the adhoc limits by clicking Add/Remove Columns icon, if required. If adhoc limits are being utilized, then the Limit Details grid displays the Sanctioned Adhoc Amount, Utilized Adhoc Amount, and Available Adhoc Amount columns. You can add the columns related to the Main Limits using Add/Remove Columns icon, if required.
15. Specify the fields on Limits screen.

    Note:

    The fields marked as Required are mandatory.

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

    Table 3-4 Limits - Field Description

    Field Name	Description
    Branch	Displays the branch where the disbursement is being processed. By default, the logged-in user’s branch is displayed.
    Product	Displays the name of the product associated with the program.
    Program	Displays the name of the program that is linked to the receivables being financed.
    Anchor	Displays the name of the anchor party in the program.
    Linked Receivables/PO	Click the link to view a list of receivables (invoices/debit notes) / PO that is being financed.
    Spoke	Displays the name of the counter party in the program.
    Start Date	Displays the start date of the finance. By default, it is the current business date.
    Maturity Date	Displays the maturity date of the finance. Maturity date gets calculated basis maturity date parameter selected at product level.
    Total Receivable/PO Amount	Displays the total amount of the receivables/PO being financed.
    Finance (%)	Displays the percentage of the total receivable/PO amount to be financed.
    Finance Amount	Displays the amount that has been financed. By default, this field displays the Finance (%) value of the total receivable amount.
    Exchange Rate	Displays the exchange rate between the receivable/PO amount currency and the finance currency.
    Processing Date	Displays the date of processing of the disbursement.
    Pre-Shipment Settlement Amount	Displays the total pre-shipment settlement amount appropriated against the relevant outstanding pre-shipment finances. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Net Disbursed Amount	Displays the disbursed amount from post-shipment finance i.e., Net Disbursed Amount = Post-Shipment Finance Amount – Pre-Shipment Settlement Amount. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Limit Details	Limit details of the entity that is being financed is displayed in this section.
    Limit Type	Displays a label of the entity and the linked limit type.
    Entity	Displays the entity – Anchor / Product / Program / Spoke and so on.
    Entity Name	Displays the name of the entity.
    Breach Type	Displays any limit breach exception that has occurred with respect to the entity. (Limits Frozen, Amount Breach, Limits Expired).
    Processing Outcome	Displays the action that will be taken on the limit as a result of disbursement. Utilize - If the limit is being booked. Stop - If in case of an exception, the transaction should be blocked and not allowed to be processed further. Skip - If in case of an exception, the transaction is to be processed without limit booking. This behavior is driven by the credit limit mapping as configured in product parameters.
    Amount	Displays the finance amount.
    Line Ccy	Displays the currency of the limit line.
    Exchange Rate	Displays the exchange rate between the finance amount currency and the line currency.
    Amount (In line CCY)	Displays the finance amount in line currency.
    Sanctioned Amount	Displays the limit amount assigned to the entity.
    Total Blocked Amount	Displays the total amount that has been blocked for finances that are currently being processed, with respect to the entity.
    Total Utilized Amount	Displays the limit amount that has already been utilized.
    Available Amount	Displays the limit amount available for financing.
    Line Id	Displays the unique ID of the limit line of the entity.
    Action	Displays the action being taken on the finance amount earmarked for disbursement.
    Actual Available Limits	Displays the actual limit available to the entity for financing.

16. Perform any of the below actions from the Limits screen.
    • Click Next to go to the Interest screen.
    • Click Save and Close to save the details and complete the processing stage of the disbursement.

      Note:

      If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
    • Click Back to go to the Party screen.
    • Click Reject to purge the disbursement transaction.
    • Click Hold to move the transaction to the Hold Tasks list.
    • Click Cancel to cancel the transaction and return to the Free Tasks screen.

Interest

17. Click Next on the Limits tab.
    The Interest screen displays.

    Figure 3-6 Disbursement - Interest

    
    

    
    Description of "Figure 3-6 Disbursement - Interest"

    
    
18. Specify the fields on Interest screen.

    Note:

    The fields marked as Required are mandatory.

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

    Table 3-5 Interest - Field Description

    Field Name	Description
    Branch	Displays the branch where the disbursement is being processed. By default, the logged-in user’s branch is displayed.
    Product	Displays the name of the product associated with the program.
    Program	Displays the name of the program that is linked to the receivables being financed.
    Anchor	Displays the name of the anchor party in the program.
    Linked Receivables/PO	Click the link to view a list of receivables (invoices/debit notes) / PO that is being financed.
    Spoke	Displays the name of the counter party in the program.
    Start Date	Displays the start date of the finance. By default, it is the current business date.
    Maturity Date	Displays the maturity date of the finance. Maturity date gets calculated basis maturity date parameter selected at product level.
    Total Receivable/PO Amount	Displays the total amount of the receivables/PO being financed.
    Finance (%)	Displays the percentage of the total receivable/PO amount to be financed.
    Finance Amount	Displays the amount that has been financed. By default, this field displays the Finance (%) value of the total receivable amount.
    Exchange Rate	Displays the exchange rate between the receivable/PO amount currency and the finance currency.
    Processing Date	Displays the date of processing of the disbursement.
    Pre-Shipment Settlement Amount	Displays the total pre-shipment settlement amount appropriated against the relevant outstanding pre-shipment finances. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Net Disbursed Amount	Displays the disbursed amount from post-shipment finance i.e., Net Disbursed Amount = Post-Shipment Finance Amount – Pre-Shipment Settlement Amount. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Interest and Penalty Amount Details	Interest, Penalty on Principal, and Penalty on Interest details of the finance is displayed in this section.
    Interest Amount	Displays the interest amount that has been calculated.
    Penalty on Principal	Displays the penalty on the outstanding principal that has been calculated, if any.
    Penalty on Interest	Displays the penalty on the outstanding interest that has been calculated, if any.
    Interest Details	Interest details of the finance is displayed in this section.
    Rate Pricing Rule	Displays the pricing rule applied for the interest rate.
    Applied Filter Criteria	Displays the filter criteria applied for the interest rate.
    Rate Code	Displays the unique code associated with the interest rate.
    Rate Type	Displays whether the rate is floating or fixed.
    Risk Free Rate	Displays whether the interest rate applied is risk free.
    Interest Collection Type	Displays the type of interest collection, whether rear-ended, or front-ended.
    Schedule Type	Displays whether the interest collection schedule is normal or compounding.
    Reset Tenor	Displays the tenor for applying the new interest rate, in case of floating rate type.
    Rate (%)	Displays the base rate of interest.
    Spread	Displays the spread or margin rate of interest.
    Net Interest Rate (%)	Displays the total rate of interest. This is the sum of Rate (%) and Spread.
    Additional Details	Click this link to view additional interest details. Interest Additional Details - Displays additional information related to the interest. Interest Payment Schedule - Displays the details of periodic interest dues for monthly rest transactions.
    Penalty on Principal Details	Penalty on principal details of the finance is displayed in this section.
    Rate Pricing Rule	Displays the pricing rule applied for the interest rate.
    Applied Filter Criteria	Displays the filter criteria applied for the interest rate.
    Rate Code	Displays the code of the penalty on principal.
    Rate Type	Displays whether the rate is floating or fixed.
    Risk Free Rate	Displays whether the interest rate applied is risk free.
    Schedule Type	Displays whether the interest collection schedule is normal or compounding.
    Reset Tenor	Displays the tenor for applying the new interest rate, in case of floating rate type.
    Rate (%)	Displays the base rate of interest.
    Spread	Displays the spread or margin rate of interest.
    Net Penalty on Principal Rate (%)	Displays the total rate of interest. This is the sum of Rate (%) and Spread.
    Additional Details	Click this link to view additional details related to penalty on principal.
    Penalty on Interest Details	Penalty on interest details of the finance is displayed in this section.
    Rate Pricing Rule	Displays the pricing rule applied for the interest rate.
    Applied Filter Criteria	Displays the filter criteria applied for the interest rate.
    Rate Code	Displays the code of the penalty on the penalty on interest.
    Rate Type	Displays whether the rate is floating or fixed.
    Risk Free Rate	Displays whether the interest rate applied is risk free.
    Schedule Type	Displays whether the interest collection schedule is normal or compounding.
    Reset Tenor	Displays the tenor for applying the new interest rate, in case of floating rate type.
    Rate (%)	Displays the base rate of interest.
    Spread	Displays the spread or margin rate of interest.
    Net Penalty on Principal Rate (%)	Displays the total rate of interest. This is the sum of Rate (%) and Spread.
    Additional Details	Click this link to view additional details related to penalty on interest.

19. Perform any of the below actions from the Interest screen.
    • Click Next to go to the Charges screen.
    • Click Save and Close to save the details and complete the processing stage of the disbursement.

      Note:

      If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
    • Click Back to go to the Limits screen.
    • Click Reject to purge the disbursement transaction.
    • Click Hold to move the transaction to the Hold Tasks list.
    • Click Cancel to cancel the transaction and return to the Free Tasks screen.

Charges

20. Click Next on the Interest tab.
    The Charges screen displays.

    Figure 3-7 Disbursement - Charges

    
    

    
    Description of "Figure 3-7 Disbursement - Charges"

    
    
21. Specify the fields on Charges screen.

    Note:

    The fields marked as Required are mandatory.

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

    Table 3-6 Charges - Field Description

    Field Name	Description
    Branch	Displays the branch where the disbursement is being processed. By default, the logged-in user’s branch is displayed.
    Product	Displays the name of the product associated with the program.
    Program	Displays the name of the program that is linked to the receivables being financed.
    Anchor	Displays the name of the anchor party in the program.
    Linked Receivables/PO	Click the link to view a list of receivables (invoices/debit notes) / PO that is being financed.
    Spoke	Displays the name of the counter party in the program.
    Start Date	Displays the start date of the finance. By default, it is the current business date.
    Maturity Date	Displays the maturity date of the finance. Maturity date gets calculated basis maturity date parameter selected at product level.
    Total Receivable/PO Amount	Displays the total amount of the receivables/PO being financed.
    Finance (%)	Displays the percentage of the total receivable/PO amount to be financed.
    Finance Amount	Displays the amount that has been financed. By default, this field displays the Finance (%) value of the total receivable amount.
    Exchange Rate	Displays the exchange rate between the receivable/PO amount currency and the finance currency.
    Processing Date	Displays the date of processing of the disbursement.
    Pre-Shipment Settlement Amount	Displays the total pre-shipment settlement amount appropriated against the relevant outstanding pre-shipment finances. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Net Disbursed Amount	Displays the disbursed amount from post-shipment finance i.e., Net Disbursed Amount = Post-Shipment Finance Amount – Pre-Shipment Settlement Amount. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Charge Details	Charge details of the finance is displayed in this section.
    Charge	Displays the charge code.
    Charge Pricing Rule	Displays the charge pricing rule applicable to the transaction. This field becomes editable if Modify Pricing radio button is selected in the Actions column. Click the search icon in the Charge Pricing Rule column. The Charge Pricing Rule pop-up screen displays. Enter complete or partial value in the Charge Pricing Id or Charge Pricing Description fields . Click Fetch. The relevant pricing rule(s) displays. Select the pricing rule to be applied.
    Charge Collection Type	Displays the type of charge collection applicable to the transaction.
    Party	Displays the ID of the party that has been charged.
    Party Role	Displays the role of the party that has been charged.
    Charge Amount	Displays the amount charged along with the currency. If the charge is Auto Waived, then the charge amount field defaults to zero.
    Actions	Displays the below radio buttons. Waive – Click the button to waive the charge amount. If selected, the charge amount field defaults to zero. Override – Click the button to modify the existing charge amount . For Charge Collection Type selected as Periodic, the override charge amount entered will be proportionately adjusted across the schedule. Modify Pricing – Click the button to modify the charge pricing rule. Charge Pricing Rule field becomes editable to select a different pricing rule. Reset – Click the button to reset to the original calculation of charges and charge pricing rule. These fields are enabled or disabled as per the charge maintenance parameters set in the Charge Decisioning and the Charge Preferential Pricing screens.
    Status	Displays the status of the charge and View Original Charges hyperlink is enabled. Click the link to view the system calculated charges. This field is displayed only if Auto Waive is selected in the Charge Decisioning screen or if the disbursement transaction is viewed from checker login.
    Details	Click the link to view the charge details, external pricing details, and schedule of periodic charges. External Pricing Details tab is displayed only if External Pricing switch is enabled in the Charge Decisioning and Charge Preferential Pricing screens. Schedule of Periodic Charges tab is displayed only if the Charge Collection Type or Charge Calculation Type is selected as Periodic.

22. Click the link in the Details column to view the charge details, external pricing details, and schedule of periodic charges.

    Figure 3-8 Charge Details

    
    

    
    Description of "Figure 3-8 Charge Details"

    
    

    Figure 3-9 Schedule of Charges

    
    

    
    Description of "Figure 3-9 Schedule of Charges"

    
    
23. Perform any of the below actions from the Charges screen.
    • Click Next to go to the Accounting screen.
    • Click Save and Close to save the details and complete the processing stage of the disbursement.

      Note:

      If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
    • Click Back to go to the Interest screen.
    • Click Reject to purge the disbursement transaction.
    • Click Hold to move the transaction to the Hold Tasks list.
    • Click Cancel to cancel the transaction and return to the Free Tasks screen.

Accounting

24. Click Next on the Charges tab.
    The Accounting screen displays.

    Figure 3-10 Disbursement - Accounting

    
    

    
    Description of "Figure 3-10 Disbursement - Accounting"

    
    
25. Specify the fields on Accounting screen.

    Note:

    The fields marked as Required are mandatory.

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

    Table 3-7 Accounting - Field Description

    Field Name	Description
    Branch	Displays the branch where the disbursement is being processed. By default, the logged-in user’s branch is displayed.
    Product	Displays the name of the product associated with the program.
    Program	Displays the name of the program that is linked to the receivables being financed.
    Anchor	Displays the name of the anchor party in the program.
    Linked Receivables/PO	Click the link to view a list of receivables (invoices/debit notes) / PO that is being financed.
    Spoke	Displays the name of the counter party in the program.
    Start Date	Displays the start date of the finance. By default, it is the current business date.
    Maturity Date	Displays the maturity date of the finance. Maturity date gets calculated basis maturity date parameter selected at product level.
    Total Receivable/PO Amount	Displays the total amount of the receivables/PO being financed.
    Finance (%)	Displays the percentage of the total receivable/PO amount to be financed.
    Finance Amount	Displays the amount that has been financed. By default, this field displays the Finance (%) value of the total receivable amount.
    Exchange Rate	Displays the exchange rate between the receivable/PO amount currency and the finance currency.
    Processing Date	Displays the date of processing of the disbursement.
    Pre-Shipment Settlement Amount	Displays the total pre-shipment settlement amount appropriated against the relevant outstanding pre-shipment finances. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Net Disbursed Amount	Displays the disbursed amount from post-shipment finance i.e., Net Disbursed Amount = Post-Shipment Finance Amount – Pre-Shipment Settlement Amount. This field is displayed only if Pre-Shipment Liquidation is applicable.
    Accounting Details	Accounting details of the finance is displayed in this section.
    Accounting Entry Description	Displays the description of the accounting entry.
    Accounting Role	Displays the accounting role code associated with the accounting entry.
    Party	Displays the name of the party associated with the accounting entry.
    Settlement Method	Displays the settlement mode of the transaction.
    Dr/Cr	Displays whether the amount is debited or credited for the accounting entry.
    Account	Displays the account number involved in the transaction.
    Amount	Displays the amount of the transaction.
    External Account Details	Displays the details of the account if it is an external account.

26. Perform any of the below actions from the Accounting screen.
    • Click Next to go to the Summary screen.
    • Click Save and Close to save the details and complete the processing stage of the disbursement.

      Note:

      If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
    • Click Back to go to the Charges screen.
    • Click Reject to purge the disbursement transaction.
    • Click Hold to move the transaction to the Hold Tasks list.
    • Click Cancel to cancel the transaction and return to the Free Tasks screen.

Summary

The Disbursement Summary screen shows a snapshot of the complete disbursement transaction along with finance amount, interest applicable, terms, and so on. A tile is displayed for each data segment.

27. Click Next on the Accounting tab.
    The Summary screen displays.

    Figure 3-11 Disbursement - Summary

    
    

    
    Description of "Figure 3-11 Disbursement - Summary"

    
    
28. Review the details of the disbursement transaction and perform any of the following action from the Summary screen.
    • Click each tile to view the detailed information of the data segments.
    • Click Save and Close to save the details and complete the processing stage of the disbursement.

      Note:

      If the Disbursement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system.
    • Click Back to go to the Accounting screen.
    • Click Reject to purge the disbursement transaction.
    • Click Hold to move the transaction to the Hold Tasks list.
    • Click Cancel to cancel the transaction and return to the Free Tasks screen.