This topic provides the systematic instructions to modify the Discount details in the application.

1. Modify the Discount details, if required.

   Figure 21-4 Modify Collection - Discount

   
   

   
   Description of "Figure 21-4 Modify Collection - Discount"

   
   

   Note:

   The fields which are marked as Required are manadatory.

   For more information refer to the field description table below:

   Table 21-3 Modify Collection - Discount - Field Description

   Field Name	Description
   Party Name	Displays the name of the applicant.
   Collection Reference Number	Displays the Export Collection reference number.
   Product Name	Displays the export Collection product name under which the Collection is created.
   Collection Amount	Displays the amount of the Export Collection.
   Operation Type	Displays the operation type required in the contract. The options are: Discount Free of Payment When Discounting required is No and the existing operation type for application is one of these Acceptance, Collection or Negotiation, user can indicate if they want Free of Payment or not.
   Change Operation Type to Discount	Select the option, whether to apply for discounting or not.
   Discounting Reference Number	Specify the discount reference number. This field appears, if the operation type is Discount.
   Financing Amount	Specify the financing amount.
   Interest Rate	The slider to increase or decrease interest rate. This field appears, if the operation type is Discount.
   Interest Rate	Displays the interest rate.
   Interest Amount	Displays the description charges applicable.
   Avalisation/Co acceptance Requested	The option allows the user to select if the Collection is to be avalised. The options are: Yes No

2. In the Change Operation Type to Discount field, select the appropriate option.
3. If you select Yes option:
   1. Specify the discounting reference number in the Discounting Reference Number field.
   2. Specify the financing amount in the Financing Amount field.
   3. Click Fetch Interest.
      The Interest Rate and Interest Amount field appears.
   4. Move the Interest Rate slider to increase or decrease the interest rate.
   5. Select the appropriate option in the Avalisation/Co acceptance Requested field.
4. Perform any one of the following actions:
   • Click Next to save the entered details and proceed to the next level.

     The Forex Deals tab appears in the Modify Collection screen.

   • Click Cancel to cancel the transaction.

     The Dashboard appears.

   • Click Back to go back to previous screen.