Banker’s Acceptance

4.2.15 Banker’s Acceptance

You can view or capture banker’s acceptance details only if the Banker’s Acceptance check box is selected at the product level.

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

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

You can specify following details in this screen. For information on fields, refer to the field description table.

The contract details get defaulted from the Contract tab.

Table 4-6 Banker’s Acceptance

Field	Description
Broker BA Product	You can select BA broker product from the list of values. These values are maintained the Static Maintenance screen.
Interest Day Basis	The interest day basis gets defaulted from the Interest Basis of the main interest component.
Stamping Fee Rate	This rate gets defaulted from the Final Rate of the main interest component.
Discount Rate	Specify the discount rate.
Treasury MIS Rate	Specify the treasury MIS rate. This rate gets defaulted to User Rate of the MIS screen. You can also modify this rate.
Agent Rate	Specify the agent rate.
Stamping Fee Amount	This amount gets defaulted from the Interest Amount field of main interest component amount. Stamping fee amount = loan amount * stamping fee rate * no. of days / day basis. Example Loan Amount = 2,200,000.00 Interest / Stamping Fee Rate = 1.37% Stamping Fee / Interest amount = 2,200,000.00 * 1.37% * 30 days/365 = 2,477.26
Discount Amount	This amount is calculated automatically, that is, Loan Amount * (1 – Discount Rate) Example Loan amount = 2,200,000.00 Discount Rate = 99.96% Discount amount = 2,200,000.00 * (1 - 99.96%) = 880.00
Net Borrowing Amount	This amount is calculated automatically, that is, after deducting the discount and stamping fee from the drawdown amount. Original loan amount – stamping fee (main interest) – discount amount. From the above example: Net Borrowing Amount = 2,200,000.00 – 2,477.26 – 880.00 = 2,196,642.74

Parent topic: Loan Disbursement Details