1. Lease Origination User Guide
  2. Funding
  3. Contract Tab
  4. PDC Sub Tab

8.12.17 PDC Sub Tab

The PDC sub screen displays any post dated checks associated with the contract.

To complete the PDC
  1. Open the Funding screen and load the application you want to work with.
  2. Click the Contract > PDC sub tab.
  3. In this section, you can perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 8-25 PDC

    Field Do this
    PDC Ind If selected, indicates that this account involves a post dated check as a method of repayment.
    PDC Type Select the post dated check type, SECURITY CHECKS or POST DATED CHECKS FOR PAYMENT.
    Account # Specify the account number, on which the cheque is drawn.
    Routing # Specify the routing number of the cheque. It is the number printed on the cheque, also called MICR number (Magnetic Ink Character Recognition).
    Account Type Specify the type of the account
    Bank Name Specify the bank name of the customers cheque
    Branch Name Specify the Branch name of the customers cheque
    Docket # Specify the docket number where post dated checks are supposed to be stored.
    Check # Specify the starting cheque number.
    Check Dt

    Select the check date. In case there are multiple checks being deposited that have sequential serial numbers, the date of the first cheque in the series would be entered in the date field. The remaining cheque dates would be anniversary dates based on the frequency set up.

    For example, the cheque range could be from 111 to 180. If the date on the first cheque-111 is October 12, 2003 and the frequency is set to Monthly, the next cheque would be picked up for processing on November 12, 2003.
    Check Amt Specify the appropriate cheque amount.
    No of Checks Specify the total number of checks in the range.
    Billing Cycle Select the frequency at which the checks are to be sent for collection.
    Comments Specify any remarks for the details.
  4. Click Generate.
  5. In the PDC Table section, select the record you want to work with and enter, view or edit the following information:

    Table 8-26 PDC Table

    Field View this
    Select If selected, indicates that this is the current record.
    PDC Type The type of post dated check in use.
    Account # The account number of the post dated check.
    Bank Name The bank name of the post dated check.
    Check # The check number of the post dated check.
    Status The status of the post dated check.
    Check Dt The check date of the post dated check.
    Check Amt The check amount of the post dated check.
    Account Type The account type of the post dated check.
  6. Perform any of the Basic Actions mentioned in Navigation chapter.

Parent topic: Contract Tab