This topic provides systematic instructions on commodity.

1. On Home screen select Limits and Collaterals. Under Limits and Collaterals, select Collaterals. Under Collaterals, select Maintenances.
2. Under Maintenances, select Collateral Types. Under Collateral Types, select Commodity.
3. Under Accounts and Contracts, select Commodity Maintenance.
   The Commodities Details screen is displayed.

   Figure 3-101 Commodity Maintenance

   
   

   
   Description of "Figure 3-101 Commodity Maintenance"

   
   

   Click
   
   icon. The Commodity Details screen displays.

   Figure 3-102 Commodities Details

   
   

   
   Description of "Figure 3-102 Commodities Details"

   
   

   Using this screen, customer collateral of type commodities can be maintained. Multiple commodities records can be linked to same commodity collateral. Collateral value is updated duly considering amount of these commodities.

   When multiple commodities are linked, total amount of these commodities are updated as collateral value in the Basic Details data segment. Amount of commodity arrived at based on quantity and unit value of the price code, which in turn is updated as collateral value.

   For more information on fields, refer to the field description table.

   Table 3-83 Commodity Details - Field Description

   Field	Description
   Item Reference	Specify the unique item Reference number.
   Item	Specify the item which is to be created for this Commodity.
   Commodity Type	Specify the commodity type.
   Item Description	Specify the item description.
   Currency Details	Displays the currency details under this section.
   Currency	If the collateral being is enabled for manual revaluation, then click the icon and select the currency from the option list. However, in case collateral being is enabled for external revaluation, currency gets populated based on the security code selected.
   Amount in Collateral Currency	Wherever commodities currency is different from collateral currency, commodities value in the collateral is converted to collateral currency as per the Exchange rate configured at Exchange Rate Maintenance screen and collateral value is updated.
   Commodity Details	Displays the commodity details under this section.
   Quantity in units	Select the quantity in units from the drop-down list. The available options are: Barrel Kilogram MMBTU Pound Quintals Ton
   Quantity	Specify the quantity to be read with quantity units specified.
   Price In Units	Specify the price in units.
   Amount	Commodity amount is derived considering quantity and price
   Storage Location	Specify the storage location for the commodity.
   Storage Details	Specify the storage details for the commodity.
   Lien Detail	Existing lien details if any against the commodity can be noted.

   Table 3-84 External pricing details - Field Description

   Field	Description
   Security code	When the collateral is enabled for external revaluation, click the icon and select can select the security code from the adjoining list. Note: Security codes here is listed out based on the Security codes maintained at the Security Code Maintenance screen.
   Security description	Displays the description of the security code selected.
   Price code	click the icon and select can select one or more price codes configured for this security code.
   Unit value	Unit value is defaulted for the price code selected.
   Number of units	Specify the number of units of security being considered for collateral creation.
   Current value	Based on unit value and number of units, current value is calculated and displayed.

4. Click Save to save the record.

• View Commodity
  This topic describes the systematic instructions to view the commodity.