1.4.7 Capture Clearing Details

When you settle a contract, funds may need to pass through a clearing network before it reaches the ultimate beneficiary. In the Clearing screen, you can specify External party Details for clearing.

To capture clearing details

  1. From the Homepage, type OLDTRONL and click next arrow.
    The Loan and Commitment - Contract Input screen displays.
  2. On the Loan and Commitment - Contract Input main screen (OLDTRONL), click Clearing of OL module.
    Or
    Click Clearing from the following screens of LS module.
    • FCDTRONL (Loan Syndication – Facility Contract Online)
    • LBDTRONL (LS Tranche Contract Online)
    • LBDDDONL (DrawDown Online)
    • LBDVAMND (LS - Value Dated Amendment)
    • LBDPYMNT (Loan Syndication - Contract Payment)
    • LBDFEELQ (Fee Liquidation)
    The Clearing screen displays.

    Figure 1-15 Clearing


    Description of Figure 1-15 follows
    Description of "Figure 1-15 Clearing"

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

    Table 1-17 Clearing tab

    Field Description
    Bank Code Specify the bank code or select appropriate bank code from the option list for the counterparty details.
    Account Specify the account number for the counterparty details.
    Name Specify the account name for the counterparty details.

Parent topic: Settlement Details