1. Bilateral Loans
  2. Disbursing a Loan
  3. Maintaining Overwrite Settlement Details

4.13 Maintaining Overwrite Settlement Details

You can maintain the overwrite settlement instructions during contract booking or amendment for a component and the same is applicable for all amount tags for that component. Overwrite Settlement instructions that are captured during contract booking or amendment is applicable for all the future events performed on that contract like Liquidations, Value dated amendments, and fee liquidations.

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

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

  1. On the Loans and Commitment - Contract Input screen, click Overwrite default SI tab.
    The Overwrite SI Details screen is displayed.

    Figure 4-22 Overwrite SI Details


    Description of Figure 4-22 follows
    Description of "Figure 4-22 Overwrite SI Details"

  2. You can enter below details in this tab. For information on fields, refer to the field description table.

    Table 4-28 Overwrite SI Details

    Fields Description
    Account/GL Specify the customer account or general ledger account number. If you have checked Allow all accounts in Overwrite SSI box in Loans Parameters screen, then the adjoining option list displays all the customer accounts and GL accounts maintained in the system. You can select the appropriate one.

    If you have not selected the box, only general ledger accounts appears.
    Overwrite Default SI The system uses the account / GL maintained in this screen only if this box is selected for the component.
    Generate Message The system defaults this option from the settlement instructions. However, you can modify it.

    The system generates the payment messages that are applicable for the component only if this box is selected. Otherwise the payment message is suppressed.

    During contract loan booking, if Generate Message box is checked, then the payment message is to be sent to customer. In case, if it is not selected, but overwrite account is maintained, then the payment message is suppressed.

    The Overwrite SI accounts maintained or amended for the commitment are to be restricted to the Commitment only. They are not defaulted/propagated to the Linked Loan contracts.

    If any amendments done in the Settlement Instruction Maintenance screen and necessary SSI propagation online job is configured, then the system propagates to all the contracts online excluding those contracts where Overwrite SSI is applicable.

    SSI Propagation batch in EOD process picks up all the contracts including those contracts where Overwrite SSI is applicable and propagate the SSI changes. The system excludes only those components in a contract where SSI Overwrite is chosen as Yes.

Parent topic: Disbursing a Loan