10.1.3 Liquidate Receivable Components of LC Manually
This topic provides the systematic instruction to liquidate receivable components of LC manually.
You can liquidate the outstanding components manually using LC Deferred Payment screen.
Specify the User ID and Password, and login to the Homepage.
- On the Homepage, type LCDEPMNT in the text box, and click next arrow.The LC Deferred Payment screen is displayed. For more information on the fields, refer the Field Description table given below:
Table 10-1 LC Deferred Payment - Field Description
Field Description Contract Reference Number Select the appropriate Contract Reference Number from the option list. The option list displays all the valid contract reference number.
This field is mandatory.Customer Number System defaults the contract amount from the LC contract. This field is optional.
Currency System defaults the currency from the LC contract. This field is optional.
Payment Details Specify the following details:
Value Date System defaults the value date to the application date. However, you cannot modify the value. This field is optional.
Total Prepaid Specify the total prepaid amount. Payment Remarks Specify your remarks regarding the payments. This field is optional.
Component System defaults the component from the LC contract. This field is optional.
Component Currency System displays the component currency. This field is optional.
Amount Due The total amount due for the charge components till date is displayed by the system during payment as the payment breakup. Amount Paid Specify the total amount paid. Component Specify the component. Component Currency Specify the component currency. Due Date System displays the due date. Amount Due The total amount due for the charge components till date is displayed by the system during payment as the payment breakup. Waiver Check this box to indicate that the receivable charge amounts should be waived during manual liquidation. You can liquidate the outstanding charge components using Manual Liquidation screen. Upon full liquidation of the component, the system updates the status of the component from Receivable to Liquidated. System updates the amount liquidated in the receivable component details.
