The various components in a contract can be 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 loan processing. An automatic liquidation is done, on schedule payment days, by the Automatic Contract Update program.

Even if you have defined a contract with automatic liquidation, you can liquidate it manually, one day before the schedule date.

• The Contract Schedule Payments Screen
  
• Input of Manual Payments
  
• Specifying Prepayment Schedule Processing
  
• Handling Prepayments
  
• Specifying Residual Liquidation Entries
  
• Navigating to Other Screens
  
• Paying Tax
  
• Viewing the Schedule Break-up Details