1. Bilateral Loans
  2. Processing a Commitment
  3. Maintaining Slab/ Tier Based Fee for Commitment
  4. Associating Fee at Contract Level
  5. Fee Rule Maintenance

11.6.3.2 Fee Rule Maintenance

You can modify the preferences in the Fee Rule Maintenance screen.

Specify the User ID and Password, and login to Homepage.

From the Homepage, navigate to Loans and Commitment-Contract Input screen.

  1. From the Loans and Commitment-Contract Input screen, click Fee Rules.
    The Fee Rule Details screen is displayed.

    Note:

    The fields which are marked in asterisk red are mandatory fields.

    Figure 11-6 Fee Rule Details


    Description of Figure 11-6 follows
    Description of "Figure 11-6 Fee Rule Details"

  2. Here you can modify the preferences only for a particular contract maintained at the contract level.
    You can define the fee payment schedules in Schedules, sub-screen of the Loans and Commitment-Contract Input screen.

    Here the fee payment schedules are defined under Schedule Details as seen above.

    To amend the schedules of a particular component of a contract click
    Previous

    Next
    buttons.

    Here you can amend the schedules of a particular component of a contract if required.

    For more information about fees and charges, refer to Fees and Charges User Manual.

    The system posts the following entries in case of Fee Liquidation:
    • Fee collected in Advance
      • At Fee Collection ( FLIQ):
        Accounting Role Dr / Cr Amount Tag
        CUSTOMER Dr. Component_LIQD
        Component_RIA Cr. Component_LIQD
      • At Fee Accrual (FACR):
        Accounting Role Dr / Cr Amount Tag
        Component_RIA Dr. Component_ACCR
        Component_INC Cr. Component_ACCR
      • Component_RIA - Fee Component Received in Advance
      • Component_INC - Fee Component Income
      • CUSTOMER - Borrower
      • Component_ LIQD - Fee Component Liquidated
      • Component_ACCR - Fee Component Accrued.
    • Fee collected in arrears:
      • At Fee Accrual (FACR):
        Accounting Role Dr / Cr Amount Tag
        Component_REC Dr. Component_ACCR
        Component_INC Cr. Component_ACCR
      • At Fee Collection ( FLIQ):
        Accounting Role Dr / Cr Amount Tag
        CUSTOMER Dr. Component_LIQD
        Component_REC Cr. Component_LIQD
      • Component_REC - Fee Component Receivable
      • Component_INC - Fee Component Income
      • CUSTOMER - Borrower
      • Component_LIQD - Fee Component Liquidated
      • Component_ACCR - Fee Component Accrued.
    During Fee Liquidation reversal, the system triggers the event FREV.
    The system posts the following entries as part of FLIQ reversal.
    Accounting Role Dr. / Cr. Amount Tag
    CUSTOMER Dr. Component_LIQD (With -ve amount)
    Component_REC Cr. Component_LIQD (With -ve amount)

    Example:

    The system posts the following entries as part of FLIQ:
    Accounting Role Dr / Cr Amount Tag Amount
    CUSTOMER Dr. Component_LIQD 1000
    Component_REC Cr. Component_LIQD 1000
    The system posts the following entries as part of FREV:
    Accounting Role Dr / Cr Amount Tag Amount
    CUSTOMER Dr. Component_LIQD -1000
    Component_REC Cr. Component_LIQD -1000

Parent topic: Associating Fee at Contract Level