This topic provides the systematic instructions to settle single Import Collection in the application.

1. Navigate to Settlement Details tab of Settlement of Collection screen.
2. Perform any one of the following actions:
   • From the Collection Reference Number list, select the appropriate collection refernce number and click Verify.
   • Click the Advanced Lookup link. The Filter overlay screen appears. Based on the defined criteria you can view transactions.

   Figure 16-2 Settlement of Collection – Single Collection – Filter

   
   

   
   Description of "Figure 16-2 Settlement of Collection – Single Collection – Filter"

   
   

   For more information refer to the field description table below:

   Table 16-1 Settlement of Collection – Single Collection - Filter - Field Description

   Field Name	Description
   Collection Reference Number	Specify the Collection reference number of the guarantee against which the settlement has to be made.
   Drawee	Specify the name of the Drawee party.
   Drawer	Specify the name of Drawer party.
   Collection Amount Currency	Select the currency of the collection.
   Collection Amount From- Collection Amount To	Specify the Collection amount range used for searching the Collection.
   Collection Date From - Bill Date To	Specify the start date and end date of the Collection date range used for searching the Collection.

3. Click Apply. The searched results are displayed based on the parameters provided on the Settlement of Collection – Single Collection – Settlement Details screen.

   Figure 16-3 Settlement of Collection – Single Collection – Settlement Details
   
   Description of the illustration settlement-collection-single-collection-settlement-details.png
   

   For more information refer to the field description table below:

   Table 16-2 Settlement of Collection – Single Collection – Settlement Details - Field Description

   Field Name	Description
   Collection Reference Number	Select Collection reference number which user wants to settle, user can select from the list of Collections available for settlements. Below fields appear after selecting the collection Reference Number from the Advance Lookup filter.
   Collection Reference Number	Displays export collection reference number.
   Maturity Date	Displays the maturity date of the export collection.
   Exporter Name	Displays the name of the Exporter party.
   Local Currency Value	Displays the Collection Transaction’s value in local currency.
   Outstanding Collection Amount	Displays the outstanding amount for the settlement of Collection.
   Payment Type	Displays the type of payment associated with the Collection. The options are: Sight Usance
   Amount to Settle	Displays the Collection settlement amount.
   Collateral	The user can select this option to settle the collection using Collaterals. Click the View Collateral Details link to view the collateral details
   Settlement Account	Option to select a Current and Savings Account or Loan account for settlement of Collection. 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.
   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.
   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.
   Action	The action to view the collateral details (in case the user selects ‘Collateral’ option), select the CASA account which user wishes to use for settlement (in case user selects ’Current and Savings’ option), view the linked loan details settlement (in case user selects Loan’ option . The available balance in the casa account is also displayed so that he can take an informed decision.
   Special Instructions	The special instructions that is to be passed to the bank.

4. In the Amount to Settle field, enter the bill settlement amount.
5. Select the option for mode of settlement.
6. Select the Settlement Account option and select the account, if he wishes to use it for settlement of bill.
7. Select Apply for Loans option to apply for a loan directly from the page.
8. In the Settle Available Balance, select the appropriate option.
9. From the Loan Product field, change the product if required.
10. In the Tenor field, modify the value for tenor, if required.
11. Perform any one of the following actions:
    • Click Next to save the entered details and proceed to the next level.
    • Click Cancel to cancel the transaction, The Dashboard appears.
    • Click Back to navigate back to previous screen.