This topic provides the systematic instructions to initiate the multiple collection settlement using loan account in the application.

1. Navigate to Settlement of Collection – Multiple Collection screen, click the Loan tab.

   Figure 16-6 Settlement of Collection – Multiple Collection – Loan

   
   

   
   Description of "Figure 16-6 Settlement of Collection – Multiple Collection – Loan"

   
   

   For more information refer to the field description table below:

   Table 16-5 Settlement of Collection – Multiple Collection – Loan - Field Description

   Field Name	Description
   Select Collection	The option to select multiple Collection to apply for the settlement.
   Check Box (Account Selection)	The option against each Collection, to select a Loan Account which he wishes to use.
   Collection Reference Number	Displays import Collection reference number.
   Drawer Name	Displays the name of the Drawer.
   Payment Type	Displays the type of payment associated with the Collection. The options are: Sight Usance
   Maturity Date	Displays the date on which the collection will gets matured.
   Collection Amount	Displays the collection amount.
   Outstanding Collection Amount	Displays the outstanding amount for the settlement of Collection.
   Outstanding Collection Amount in Local Currency	Displays the outstanding amount for the settlement of Collection in local currency.
   Available for Loan	Displays whether the collection is available for loan or not. The options are: Yes No
   Total Selected Collection	Displays the total number of collection selected for settlement.
   Total Settlement Amount in Local Currency	Displays the total settlement amount in local currency.
   Special Instructions	Specify the special remarks.

2. Select the accounts from which the transfer needs to be made for settlement of Collection .
3. Specify the remarks/special instructionsn in the Special Instructions field.
4. Click Submit to initiate the selected Collection settlement.
   The Settlement of Collection – Review screen appears.
5. Perform any one of the following actions:
   • Verify the details, and click Confirm.

     The success message initiation of Collection settlement appears.

   • Click Cancel to cancel the transaction, The Dashboard appears.
   • Click Back to navigate back to previous screen.