Processing Settlement Task

4.2 Processing Settlement Task

This topic describes the steps to process the settlement record.

When a finance settlement is initiated, a settlement task is created in the system based on the associated program/product parameters.

Settlement Tasks are also initiated automatically basis configuration in the following cases:

When a payment is made against an invoice and an underlying finance is outstanding.
When invoice disbursement proceeds are used to liquidate outstanding pre-shipment finances.

Note:

Only authorized users can process and authorize the settlement tasks.

The settlement tasks are segregated into the following data segments:

Basic Info
Party
Limits
Interest
Charges
Accounting
Summary

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

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

Figure 4-5 Finance - Free Tasks

Description of "Figure 4-5 Finance - Free Tasks"
Perform any of the below action from the Free Tasks screen.
- Click the Acquire and Edit link beside the required settlement 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 settlement tasks to process.
Note:
The following information is displayed at the top of the settlement 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

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

Figure 4-6 Settlement - Basic Info

Description of "Figure 4-6 Settlement - Basic Info"

Figure 4-7 Settlement - Basic Info (continued)

Description of "Figure 4-7 Settlement - Basic Info (continued)"

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 4-4 Basic Info - Field Description

Field Name	Description
Basic Info	Basic information of the finance being settled is displayed in this section.
Branch	Displays the branch where the settlement 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 that have been 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 have been 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	Displays the tenor of the finance. The tenor of the finance gets defaulted basis start date and maturity 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 that have been financed.
Finance (%)	Displays the percentage of the total receivable/PO amount that have been financed.
Currency	Displays the currency of the finance amount.
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.
Settlement Details	Settlement details of the finance is displayed in this section.
Settlement Ref No	Displays the reference number of the settlement.
Payment Mode	Displays the mode of payment of the settlement amount.
Payment Amount	Enter the total amount being paid by the payment party.
Payment Party	Displays the name of the party making the payment.
Settlement Processing Date	Displays the date of processing the settlement.
Settlement / Value Date	Displays the date on which the settlement process was initiated.
Exchange Rate	Displays the exchange rate between the finance currency and the settlement currency.
Appropriated Payment Amount	Displays the amount that is appropriated for the settlement of the selected finances.
Grace Days	Displays the number of days past the finance due date, within which the finance can be settled without penalty.
Past Due Date	Displays the new due date post the initial finance maturity date.
Post-Shipment Disbursement Details	This section is displayed only when post-shipment disbursement proceeds are used to liquidate a pre-shipment finance.
Finance Reference Number	Displays the reference number of the post-shipment finance. Click the hyperlink in the Finance Reference Number field to view more details on the finance
Settlement Processing Date	Displays the date of processing of the settlement.
Finance Start Date	Displays the start date of the finance.
Finance Maturity Date	Displays the maturity date of the finance.
Finance Amount	Displays the amount financed.
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.
Outstanding and Appropriation details	Outstanding and Appropriation details of the finance being settled is displayed in this section.
O/S as on Date	Outstanding details of the finance on the current date is displayed in this section.
Principal O/S	Displays the outstanding principal amount as on the current date.
Interest O/S	Displays the outstanding interest as on the current date.
Interest Due	Displays the monthly interest due as on the current date. A hyperlink for the Interest Due field is enabled only if any interest is due. Click the hyperlink to open the pop-up screen to view the date-wise calculation details for interest due.
Penalty on Principal O/S	Displays any penalty on the outstanding principal as on the current date. A hyperlink for the Penalty on Principal O/S field is enabled only if any penalty on principal O/S is applicable. Click the hyperlink to open the pop-up screen to view the breakup.
Penalty on Interest O/S	Displays any penalty on the outstanding interest as on the current date. A hyperlink for the Penalty on Interest O/S field is enabled only if any penalty on interest O/S is applicable. Click the hyperlink to open the pop-up screen to view the breakup.
Total O/S	Displays the total outstanding amount as on current date.
O/S as on Value/Settlement Date	Outstanding details of the finance on the settlement date is displayed in this section.
Principal O/S	Displays the outstanding principal as on the settlement date.
Interest O/S	Displays the outstanding interest as on the settlement date.
Interest Due	Displays the monthly interest due as on the settlement date. A hyperlink for the Interest Due field is enabled only if any interest is due. Click the hyperlink to open the pop-up screen to view the date-wise calculation details for interest due.
Penalty on Principal O/S	Displays any penalty on the outstanding principal as on the settlement date. A hyperlink for the Penalty on Principal O/S field is enabled only if any penalty on principal O/S is applicable. Click the hyperlink to open the pop-up screen to view the breakup.
Penalty on Interest O/S	Displays any penalty on the outstanding interest as on the settlement date. A hyperlink for the Penalty on Interest O/S field is enabled only if any penalty on interest O/S is applicable. Click the hyperlink to open the pop-up window to view the breakup.
Total O/S	Displays the total outstanding amount as on the settlement date.
Appropriation Details	Appropriation details of the payment towards the finance is displayed in this section.
Liquidation Order	Displays the actual order in which the components are liquidated. I - Interest due Date E - Penalty on Interest Start Date O - Penalty on Principal Start Date F - Finances (Outstanding Finances) D - Overdue Finance (Delinquent)
Appropriation Sequence	Specify the appropriation sequence of settlement amount. P - Principal Amount I - Interest amount O - Penalty on Principal E - Penalty on Interest
Payment Towards Principal	Specify the amount to be settled against the principal of the finance. By default, the value entered as the payment amount in the Settlement Details section is auto-populated.
Payment Towards Interest	Specify the amount to be settled against the interest of the finance.
Payment Towards Penalty on Principal	Specify the amount to be settled against the penalty on principal of the finance.
Payment Towards Penalty on Interest	Specify the amount to be settled against the penalty on interest of the finance.
Interest Refund	Displays any interest amount to be refunded.
O/S Post Settlement	Outstanding details of the finance post settlement is displayed in this section.
Principal O/S	Displays the principal amount that will be outstanding, post settlement.
Interest O/S	Displays the interest amount that will be outstanding, post settlement.
Interest Due	Displays the monthly interest due amount that will be outstanding, post settlement. A hyperlink for the Interest Due field is enabled only if any interest is due. Click the hyperlink to open the pop-up screen to view the date-wise calculation details for interest due.
Penalty on Principal O/S	Displays the penalty on principal amount that will be outstanding, post settlement. A hyperlink for the Penalty on Principal O/S field is enabled only if any penalty on principal O/S is applicable. Click the hyperlink to open the pop-up window to view the breakup.
Penalty on Interest O/S	Displays the penalty on interest that will be outstanding, post settlement. A hyperlink for the Penalty on Interest O/S field is enabled only if any penalty on interest O/S is applicable. Click the hyperlink to open the pop-up window to view the breakup.
Total O/S	Displays the total amount that will be outstanding, post settlement.

Perform any of the below actions from the Basic Info screen.
- Click Next to go to the Party screen.
- Click Save and Close to save the details and complete the processing stage of the settlement.
  
  Note:
  If the Settlement 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 settlement 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

Click Next on the Basic Info tab.
The Party screen displays.

Figure 4-8 Settlement - Party

Description of "Figure 4-8 Settlement - Party"

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 4-5 Party - Field Description

Field Name	Description
Branch	Displays the branch code where the settlement is being processed. By default, the logged-in user’s branch code 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 that have been 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 have been financed.
Spoke	Displays the name of the counter party in the program.
Settlement Processing Date	Displays the start date of the finance. By default, it is the current business date.
Settlement Processing Date	Displays the date of processing the settlement.
Settlement / Value Date	Displays the actual date of settlement.
Settlement Amount	Displays the amount being settled.
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.

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.
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 settlement.
  
  Note:
  If the Settlement 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 settlement 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

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

Figure 4-9 Settlement - Limits

Description of "Figure 4-9 Settlement - 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.

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 4-6 Limits - Field Description

Field Name	Description
Branch	Displays the branch code where the settlement is being processed. By default, the logged-in user’s branch code 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 that have been 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 have been financed.
Spoke	Displays the name of the counter party in the program.
Settlement Processing Date	Displays the start date of the finance. By default, it is the current business date.
Settlement Processing Date	Displays the date of processing the settlement.
Settlement / Value Date	Displays the actual date of settlement.
Settlement Amount	Displays the amount being settled.
Limit Details	Limit details of the entity that is being settled 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 settlement. 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 settlement amount with respect to the entity.
Line Ccy	Displays the currency of the limit line.
Exchange Rate	Displays the exchange rate between the settlement amount currency and the line currency.
Amount (In line CCY)	Displays the settlement amount in line currency.
Sanctioned Amount	Displays the limit amount assigned to the entity, in line currency.
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 to the entity for financing.
Line Id	Displays the unique ID of the limit line of the entity.
Action	Displays the action being taken on the amount being settled.
Actual Available Limits	Displays the actual limit available to the entity for financing.

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 settlement.
  
  Note:
  If the Settlement 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 settlement 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

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

Figure 4-10 Settlement - Interest

Description of "Figure 4-10 Settlement - Interest"

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 4-7 Interest - Field Description

Field Name	Description
Branch	Displays the branch code where the settlement is being processed. By default, the logged-in user’s branch code 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 that have been 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 have been financed.
Spoke	Displays the name of the counter party in the program.
Settlement Processing Date	Displays the start date of the finance. By default, it is the current business date.
Settlement Processing Date	Displays the date of processing the settlement.
Settlement / Value Date	Displays the actual date of settlement.
Settlement Amount	Displays the amount being settled.
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.

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 settlement.
  
  Note:
  If the Settlement 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 settlement 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

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

Figure 4-11 Settlement - Charges

Description of "Figure 4-11 Settlement - Charges"

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 4-8 Charges - Field Description

Field Name	Description
Branch	Displays the branch code where the settlement is being processed. By default, the logged-in user’s branch code 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 that have been 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 have been financed.
Spoke	Displays the name of the counter party in the program.
Settlement Processing Date	Displays the start date of the finance. By default, it is the current business date.
Settlement Processing Date	Displays the date of processing the settlement.
Settlement / Value Date	Displays the actual date of settlement.
Settlement Amount	Displays the amount being settled.
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 settlement 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.

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

Figure 4-12 Charge Details

Description of "Figure 4-12 Charge Details"

Figure 4-13 Schedule of Charges

Description of "Figure 4-13 Schedule of Charges"
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 settlement.
  
  Note:
  If the Settlement 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 settlement 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

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

Figure 4-14 Settlement - Accounting

Description of "Figure 4-14 Settlement - Accounting"

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 4-9 Accounting - Field Description

Field Name	Description
Branch	Displays the branch code where the settlement is being processed. By default, the logged-in user’s branch code 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 that have been 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 have been financed.
Spoke	Displays the name of the counter party in the program.
Settlement Processing Date	Displays the start date of the finance. By default, it is the current business date.
Settlement Processing Date	Displays the date of processing the settlement.
Settlement / Value Date	Displays the actual date of settlement.
Settlement Amount	Displays the amount being settled.
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.

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 settlement.
  
  Note:
  If the Settlement 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 settlement 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 Settlement Summary tab shows a snapshot of the complete settlement transaction along with finance amount, interest applicable, terms, and so on. A tile is displayed for each data segment.

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

Figure 4-15 Settlement - Summary

Description of "Figure 4-15 Settlement - Summary"
Review the details of the settlement 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 settlement.
  
  Note:
  If the Settlement Auth Required toggle is enabled for the program associated with the transaction, an approval task is created in the system. Once approved, the finance gets settled in the core lending system, which in-turn will return the settlement status to Supply Chain Finance system.
- Click Back to go to the Accounting screen.
- Click Reject to purge the settlement 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.

Parent topic: Finance Settlement