1. Bilateral Loans
  2. Appendix B - Accounting Entries, Advices and Error Codes
  3. Accounting Entries for Contract Adjustment

16.6 Accounting Entries for Contract Adjustment

Table 16-77 Accounting Entries for Contract Adjustment

Contract Ref No Account Amount Tag EVENT DrCr FCY Amt LCY Amt
CIPLBN105118F3V4 160100501 PRINCIPAL_ADJ CADJ Cr   2,000,000.00
CIPLBN105118F3V4 330850401 PRINCIPAL_ADJ CADJ Dr   2,000,000.00
CIPLBN105118F3V4 0701000511 CONTRA-INT-ADJ CADJ Cr   1,000,000.00
Contract Ref No Account Amount Tag EVENT DrCr FCY Amt LCY Amt
CIPLBN105118F3V4 0702000921 CONTRA-INT-ADJ CADJ Dr 1,000,000.00

Note:

  • The contract Adjustment entries are authorized when the Adjustment Activity is authorized.
  • The Adjustment entry process flow is similar to journal entry process with respect to the GL updates and the handoff to the down stream systems.
  • The adjustment entries are always passed in the contract currency Payment messages are not applicable for the adjustment entries
  • The Adjustment entry account balance is stored in Value dated and Monthly turnover table.

Parent topic: Appendix B - Accounting Entries, Advices and Error Codes