4.8 Make Manual Payments

This topic provides the instructions to capture the Manual Payments.

The various components in a deal are liquidated either automatically or manually. The mode of liquidation of each component is specified at the time of defining a product and then again, at the time of deal processing. An automatic liquidation is done on schedule payment days by the Automatic Contract Update program. Even if you have defined a deal with automatic liquidation, you can liquidate it manually a day before the scheduled date. However, payment will not be allowed if the Rollover Instruction Status for the contract is Complete.

1. On the Home page, type MMDPAMIN in the text box, and click the next arrow.

   Money Market Payment Input screen is displayed.

   Figure 4-7 Money Market Payment Input

   
   Description of the illustration mmdpamin__cvs_main.jpg
2. On the Money Market Payment Input screen, specify the details as required.

   The following operations the manual payments function:

   • Input of Manual payments
   • Deletion of manual payments, and
   • Reversal of manual payments

   The manual payments made through this function are:

   • Scheduled payments, which are due.
   • Payments made before the scheduled payment date. (these are called prepayments, and they are made even if the deal is defined for automatic liquidation of components).
   • Back value dated payments. The value date for such payments cannot be earlier than the most recent schedule that was due. If there is more than one schedule outstanding, and you want to assign the value date of each scheduled payment, you should enter the liquidation of each schedule separately.

   The value date you have entered is used for all the entries generated by the system.

   This topic has the following sub-topics:

• Input of Manual Payments
  
• Pay Tax
  
• Settlements
  
• Delete Manual Payments
  
• Reverse Manual Payments