This topic describes the systematic instruction to liquidate the overdue components.

1. On Homepage, type IBDTRPAY in the text box, and then click next arrow.
   The Islamic Bills & Collection Payment Input screen is displayed.

   Figure 5-4 Islamic Bills & Collection Payment Input

   
   Description of "Figure 5-4 Islamic Bills & Collection Payment Input"
2. On Islamic Bills & Collection Payment Input screen, click New.
3. On Islamic Bills & Collection Payment Input screen, specify the fields and click Enter Query.
   For more information on the fields, refer to the below Field Description table.

   Table 5-4 Islamic Bills & Collection Payment Input - Field Description

   Field	Description
   Contract Reference	Specify the contract you want to liquidate. You can also select the contract from the adjoining option list. The list displays all the active contracts with bill amount ‘zero’.
   Outstanding Balance	The system displays the outstanding balance on click of ‘P’ button. The system also displays all the overdue interest and penalty interest on Principal.
   Value Date	Specify the value date from he adjoining calendar.
   Net Amount Due	Total due amount of all the sub-components of a multi tenor contract is displayed here. However, for a non-multi-tenor contract, the system displays the total amount due for all the components. On clicking ‘L’ button, the system allocates the payment amount towards each component.
   Total Paid	The system displays the total amount paid on click of ‘S’ button.
   Remarks	Specify payment remarks, if any.
   Currency	The system displays the currency.
   Name	The system displays the name of the customer.
   Payment Breakup	The system displays the following payment breakup details: Component Amount Due Currency Amount Prepaid Due Date

   This screen displays all the overdue profit and compensation profit on Principal. All the active contracts with bill amount zero will be displayed. You can choose to liquidate the overdue components only if the profit component is specified as Arrears.

   This provision is applicable for incoming advance bills where profit is collected in arrears and outgoing discounted/purchased bills (compensation profit is always collected in arrears).

   In case the components are liquidated, the screen amends the status of the contract as liquidated. You can also reverse the interest component that is liquidated.

   On saving the transaction, the bill amount is validated against the product transaction limit and the user input limit maintained in the system. The system displays an appropriate override/error message if the amount exceeds the allowed input limit. This also indicates the level of authorization required if the transaction amount exceeds the transaction limit maintained.

   The system converts the bill amount using the standard mid rate to the transaction limit currency and check against the transaction limit amount maintained for the product if the bill currency is different from the transaction limit currency.

   Note:

   You can choose to liquidate the overdue components only if the interest component is specified as Arrears.

   For a multi tenor contract, sub-components are populated as components.

4. On Islamic Bills & Collection Payment Input screen, click Event.
   The Trade Finance Event screen is displayed.

   Figure 5-5 Tade Finance Events

   
   Description of "Figure 5-5 Tade Finance Events"
5. On Trade Finance Event screen, specify the event details.
6. On Islamic Bills & Collection Payment Input screen, click the Settlement.
   The Settlement Details screen is displayed.

   Figure 5-6 Settlement Details

   
   Description of "Figure 5-6 Settlement Details"

   Current Event:

   Current event of settlements will be checked for the amount tags pertaining to the current event and will be unchecked for the amount tags not pertaining to the current event.

7. On Settlement Details screen, specify the settlement details.
   Through the settlement screens, you can view the fund accounts to which entries for the applicable charges and taxes are posted.

   For more details on specifying Settlement details, refer ‘Settlements’ User Manual under ‘Modularity.

8. On Islamic Bills & Collection Payment Input screen, click the MIS.
   The MIS Details screen is displayed.

   Figure 5-7 MIS Details

   
   Description of "Figure 5-7 MIS Details"
9. On MIS Details screen, specify the MIS details.
   For an account, the transaction type of MIS class will be picked up from the account class, along with the cost codes and pool codes. The composite type of MIS class will be defaulted from those defined for the customer. These too can be changed.
10. On Islamic Bills & Collection Payment Input screen, click the Remarks.
    The History of Remarks screen is displayed.

    Figure 5-8 History of Remarks

    
    Description of "Figure 5-8 History of Remarks"
11. On History of Remarks screen, specify the remark details.
    For more details on this screen, refer to section 5.5 titled ‘Remarks’ in this user manual
12. On the Islamic Bills & Collection Payment Input screen, click the Customer Instructions tab.
    The Customer Instructions screen is displayed.

    Figure 5-9 Customer Instructions

    
    

    
    Description of "Figure 5-9 Customer Instructions"

    
    

    Table 5-5 Customer Instructions - Field Description

    Field	Description
    Contract Reference Number	System displays the contract reference number.
    Event Code	System displays the Event Code of the contract.
    Standard Instructions Customer would want to give Standard instructions in advance to the bank that need to be referred by the bank while processing certain type of transactions.
    Instruction ID	System displays the Instruction ID.
    Instruction	System displays the customer standard instruction.
    Instruction Date	System displays the start date of the customer instruction.
    Instruction Expiry Date	System displays the expiry date of the customer instruction.
    Transaction Level Instruction	Enter the transaction level instructions for the event.