This topic provides the systematic instruction to liquidate overdue components. i.e Normal and Penal components partially or fully.

1. On the homepage, type LCDTRPAY in the text box, and click next arrow.
   The Letters of Credit Payment Input screen is displayed.

   Figure 4-49 Letters of Credit Payment Input

   
   

   
   Description of "Figure 4-49 Letters of Credit Payment Input"

   
   

   For more information on fields, refer the Field Description table given below:

   Table 4-38 Letters of Credit 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’ Click ‘P’ button to display the outstanding amount. This screen also displays all the overdue interest and penalty interest on Principal. On clicking ‘L’ button, the system will allocate the payment amount towards each component. On clicking ‘S’ button, the system displays the total amount paid and this total amount will be displayed in the ‘Total Paid’ field. Note: You can choose to liquidate the overdue components only if the interest component is specified as 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 after entering all the required details in the system, the system validates the value of the contract amount against the following: Product transaction limit User Input limit If the transaction currency and the limit currency are different, then the system converts the amount financed to limit currency and checks if the same is in excess of the product transaction limit and user input limit. If this holds true, the system indicates the same with below override/error messages: Number of levels required for authorizing the transaction Transaction amount is in excess of the input limit of the user This field is optional.
   External Pricing	Specify the external pricing details: This field is mandatory.
   External Charge	During LC payment input for a contract for which ‘External Charges’ is enabled at product level, external charges is fetched from external pricing and billing engine. Note: For more details on the Charges Details screen, refer section ‘Contract Charge Details’ in Charges and Fees User Guide under Modularity. This field is optional.