2.2.3 Trade - Common Feature

1. Arrear Commission on Reduced balance

   System enhanced to collect arrear commission on outstanding amount when contract amount is reduced due to availment, claim settlement, amendment, cancel and closure of LCs and Guarantees.

2. Account Receivable liquidation during transaction processing
   Provision to liquidate outstanding Account Receivables

   • During cancel and closure of LCs and Guarantees and claim settlement of Guarantees
   • During closure and liquidation of Bills and Collections
   • New subsystem AR-AP Details introduced to capture details of liquidation
   • New accounting roles AR_CUST_GL and ARAPREC_GL are introduced and new amount tag RECEIVABLE_LIQD is introduced to process receivable liquidation