5.3 Transaction sub tab
The Credit Line Transactions sub tab enables you to post new credit line transactions and view past transactions. Transactions can be both monetary (for example, a credit line audit fee) and nonmonetary (such as suspending a credit line). Based on WFP setup, certain credit line transactions can also be reversed with the Credit Line Transactions page.
To use the Credit Line Transaction sub tab
On the Oracle Financial Services Lending and Leasing home screen, click WFP > WFP > Credit Lines > Transactions.
For more details on Transaction refer section Transactions sub tab in Producers chapter.
Reversing a Transaction
The following unit level monetary transactions can be reversed:
- Late Charge transactions with the actions CHARGE-OFF and WAIVE
- Unit Other Fee transactions with the actions POST, CHARGE-OFF, and WAIVE
- Unit Service Fee transactions with the actions CHARGE-OFF and WAIVE
- Interest and Principal transactions with the actions CHARGE-OFF and WAIVE
- Rate Change, Reschedule, Unit Activation, Unit Charge-off, and Unit Paid off transactions with the action Post.
To reverse a transaction
- On the Oracle Financial Services Lending and Leasing home page, click the WFP tab.
- Click the Credit Lines bar link.
- In the WFP Maintenance link bar, click the Credit Lines drop-down link, then click Transactions.
- In the Producers tab, select the producer you want to work with.
- In the Credit Lines tab, select the credit line you want to work with.
- In the Credit Line Transactions tab’s Transactions sub tab, select the record you want to reverse.
- In the Transactions tab, click Reverse.
Note:
- Not all transactions can be reversed. If a transaction cannot be reversed, the Reverse button is dimmed when the transaction is selected.
- Reversed transactions do not appear on the Credit Line Transactions page’s Transaction section when the View All box is cleared.
This section consists of the following topics: