This topic provides systematic instructions to liquidate brokerage manually.

1. On the Homepage, type 'BRDTFLQ’ in the text box, and click the next arrow.
   You can opt to liquidate the consolidated brokerage (due from more than one contract) that is due to a broker.
   The ‘Trade Finance - Brokerage Liquidation Input’ screen is displayed:
   

   
   Description of the illustration brdliqd__cvs_main.jpg

   
   
2. On ‘Trade Finance - Brokerage Liquidation Input’ screen, specify the fields.
   For more information on fields, refer to Table 2-6:

   Table 2-6 Trade Finance - Brokerage Liquidation Input - Field Description

   Field	Description
   Broker Code	Select the broker code for which brokerage is liquidated from the option list. To manually pay brokerage for various contracts, involving a specific broker, you have to specify the Broker Code of the individual concerned.
   Book Date	Specify the contracts book date.
   Currency	Select from the option list, the currency in which the brokerage has to be paid to the broker.
   Modules	Choose the module for which the brokerage is being calculated. If you wish to calculate brokerage for all the modules, choose the ‘ALL’ option. The date on which the brokerage is booked will also be displayed in this screen. Brokerage is calculated for the following modules. BC
   Liquidation Reference Number	Each broker code associates a Liquidation reference number. The Liquidation Ref No is automatically generated by the system. This number is based on the event code (not on the product code) and is used to generate the transaction reference number for the liquidation. The particular broker code you have specified displays this number in this screen.
   Tax Scheme	The tax scheme you have defined for the broker displays in this field. The tax scheme applicable on the brokerage would be the scheme specified in the Broker Master Detail screen.
   Amount Payable	Select the check box against each Contract Reference number to populate the Total Amount Payable field in the screen. As and when you select a contract, the brokerage amount applicable to the contract gets added to the amount displayed in the Total Amount Payable field.
   Brokerage Discount	This displays the discount amount if any discounting is attached at the broker level.
   Remarks	You can enter some information about the broker confirmation which is internal to the bank. This is not printed on any correspondence with the counterparty.
   Query	Click ‘Query’ button to see all the contracts for which brokerage is yet to be paid, after the required inputs are given.
   Recalculate	Click ‘Query’ button, the system will fetch all contracts and by default the Select check box will be selected and the total amount payable will display the consolidated amount. If only a few contracts need to be liquidated then we can uncheck those contracts and recalculate the total amount field.
   Transaction Details	The contract details displays in the Transaction Details section of the screen. Contract Reference Booking Account Amount Payable Value Date Status
   Tax	You can load the ‘Tax Details’ screen by clicking ‘Tax’ button in the ‘Trade Finance - Brokerage Liquidation Input’ screen. In this screen you will see the tax details applicable on the contract.
   Settlements	You can load the ‘Settlement Details’ screen by clicking ‘Settlement’ button in the ‘Trade Finance - Brokerage Liquidation Input’ screen.
   Events	You can load the ‘Event Details’ screen by clicking ‘Events’ button in the ‘Trade Finance - Brokerage Liquidation Input’ screen to view the events associated with brokerage liquidation.