This topic provides the systematic instructions to modify the settlement details.

1. Navigate to Settlement Details tab of Modify Bill screen.

   Figure 18-4 Modify Collection – Settlement Details

   
   

   
   Description of "Figure 18-4 Modify Collection – Settlement Details"

   
   

   For more information refer to the field description table below:

   Table 18-3 Modify Collection – Settlement Details - Field Description

   Field Name	Description
   Party Name	Displays the name of the applicant.
   Import Collection Reference Number	Displays the Import Collection reference number.
   Product Name	Displays the import Collection product name under which the Collection is created.
   Collection Amount	Displays the amount of the import Collection.
   Settlement Details	This section displays the Settlement Details.
   Base Date	Displays the date that is considered as base date for Collection application.
   Tenor	Displays the tenor of the Collection.
   Pay with Collateral	Select this option whether collaterals are to be used. Click the View Collateral Details link to view the collateral details.
   Settlement Account	Option to select settlement account number. Select the settlement account number. Note: The balance in CASA account should be equal or more than the equivalent amount of claim in claim’s currency, which is being settled, in case of single claim being liquidated.
   Apply for Loan	Select this option to apply for a loan directly from the page. Bank would be informed that the corporate user is looking for a loan.
   Settle Available Balance	Option to select whether the user wishes to settle all funds available in the settlement account. The options are: Yes No This field appears if Immediate Liquidation is applicable and will be populated with the Outstanding Bill Amount in read only mode.
   Loan Preference	Displays the Loan Preference.
   Contract Currency	Displays the contract currency.
   Loan Product	Displays the Loan Product defaulted from back-office. The user can change the value.
   Loan Currency	Displays either the Contract Currency or a Branch Local currency. The default should be Contract currency. The user can change the value.
   Tenor	The system fetches the default Loan Tenor from the back-office system. The user can change the value.
   Tenor Type	Displays the tenor type fetches from the back-office system.
   Original Exchange Rate	Displays the Original Exchange Rate fetches from the back-office system.
   Avalisation/Co acceptance Requested	The option allows the user to select if the Collection is to be avalised. The options are: Yes No

2. Select the Pay with Collateral option to settle the Collection using collaterals.
3. Click the View Collateral Details link to view the collateral details.
   The Collateral Details overlay screen appears.
4. Select the Settlement Account option, if he wishes to use it for Collection settlement.
   1. From the Settlement Account list, select the appropriate option.
5. Select the Apply for Loans option, if loans are to be used for bill settlement.
   1. Select the ppropriate option from the Settle Available Balance list.
   2. From the Loan Product list, change the product if required.
6. In the Tenor field, modify the value for tenor, if required.
7. Perform any one of the following actions:
   • Click Next to save the entered details and proceed to the next level.
   • Click View Collection Details link at top right corner of the screen to view the Collection details.

     The View Import Collection Under LC screen appears.

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