1. Supply Chain Finance User Guide
  2. Transaction Reversal
  3. Initiate Transaction Reversal

5.1 Initiate Transaction Reversal

This topic describes the systematic steps to initiate reversal of the disbursement and settlement transactions for corporate customers.

The user can manually initiate a reversal in the Transaction Reversal screen. You can search and select the finance transactions, and initiate the reversal process. Multiple transactions can be selected for reversal. For each finance reference number you select, a reversal transaction is created under Free Tasks.

Note:

The application allows transaction reversal for a finance chronologically i.e., you can only reverse the latest transaction in the finance lifecycle. For example, if you search for finance reference number FIN123 and it has two records in its lifecycle, a disbursement and a partial settlement, the application only displays the settlement transaction record. You must initiate reversal for settlement transaction first and then proceed to reverse the disbursement transaction.

Note:

The application lists only the latest transaction record of the finance that are in complete status. For example, if you search for finance reference number FIN345 and it has two records in its lifecycle, a completed disbursement transaction and an in progress settlement transaction, the application will not list the finance for reversal.

Note:

The application will not list the finance for reversal if the latest transaction executed is an amendment on a finance.
Specify User ID and Password, and login to Home screen.
  1. On Home screen, click Supply Chain Finance. Under Supply Chain Finance, click Transaction Reversal.
    The Transaction Reversal screen displays.

    Figure 5-1 Transaction Reversal Initiation - Finance Search


    Description of Figure 5-1 follows
    Description of "Figure 5-1 Transaction Reversal Initiation - Finance Search"

  2. Specify the fields on Transaction Reversal screen to search for the finances for which reversal needs to be initiated.

    Note:

    The fields marked as Required are mandatory.
    For more information on fields, refer to the field description table.

    Table 5-1 Transaction Reversal - Field Description

    Field Name Description
    Branch Select the account branch.
    Finance Reference Number Specify the reference number to search for the finance.
    Finance Status

    Select the current status of the finance.

    The available options are:
    • Disbursed
    • Disbursement Reversed
    • Outstanding
    • Overdue
    • Partial Settled
    • Settled
    Product Select the product for which the finance is processed.
    Program Click the search icon to select the program for which the finance is processed.
    Supplier Click the search icon to select the supplier party of the finance.
    Buyer Click the search icon to select the buyer party of the finance.
    Borrower Click the search icon to select the borrower.
    Recent Transactions

    Select the value to search for the finance transactions in the selected period.

    The available options are:
    • Past 2 Days
    • Today
    • This Week
    • Yesterday
    • All
    Date Reference Basis

    Select the value to specify the reference for date criteria.

    The available options are:
    • Finance Date
    • Finance Maturity Date
    • Processing Date

    This field is auto-populated to Processing Date if any of the values in Recent Transactions is selected.

    Date Range

    Click the calendar icons and select the required starting and ending ranges for the date to search for the finance.

    This field is enabled only if any value is selected in the Date Reference Basis field.

    The date range is auto-populated based on the values selected in the Recent Transactions field.

    Processing Status

    Select the current processing status to search for the finance.
    Delinquency Status

    Select the current delinquency status to search for the finance.
    Currency Select the currency of the finance to search for.
    Finance Amount From Specify the start of the amount-range within which the finance needs to be searched.
    Finance Amount To Specify the end of the amount-range within which the finance needs to be searched.
  3. Click Search after you specify the required details.
    The list of finance records displays in the grid.

    Figure 5-2 List of Finances


    Description of Figure 5-2 follows
    Description of "Figure 5-2 List of Finances"

    Table 5-2 List of Finances - Field Description

    Field Name Description
    Finance Reference Number Displays the reference number of the finance.
    Borrower Displays the name of the borrower for the finance.
    Finance Start Date Displays the start date of the finance.
    Finance Maturity Date Displays the maturity date of the finance.
    Currency Displays the currency of the finance
    Finance Amount Displays the amount that has been financed.
    Total O/S Amount Displays the total outstanding amount of the finance.
    Finance/Payment Status Click the Info icon to view the status of the finance/payment.
    Processing Status Displays the current processing status of the finance.
  4. Click the checkbox to select the required finance transaction(s) for which reversal needs to be initiated.
    • Click the hyperlink in the Finance Reference Number column to view more details on the finance.
  5. Click Submit to initiate reversal for the selected finance transactions.
    • Click Cancel to cancel the transaction reversal process.
    A transaction reversal task is created in the system based on the associated system, product, or program parameters.

Parent topic: Transaction Reversal