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Past Due Loan
Transaction TRTLAT
This transaction is accessible only after a Loan contract becomes Past Due Loan. This transaction facilitates an overview of the Loan contract and the outstanding interest/commission due under the contract. The user could decide if the outstanding interest/commission is to be capitalized or not and therefore could change the defaulted input of 'Interest to be capitalized' checkbox.
If outstanding loan interest/commission (TRCX) is capitalized, the outstanding amount is added to the Past Due liability amount.
If required, the interest details could also be modified to better relate to the past due situation.
Requirements
An existing Loan contract which is open and not closed.
Loan may not be repaid in full, a past due stage must be reached.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
Transaction Control
Fees
| Fee Code | Set as Default | Units | From | To | Comment |
|---|---|---|---|---|---|
| TRCXPD | Yes | 1 | empty | empty | If the contract is in 'overdue' status |
Once a contract becomes past due, calculation of the default loan fee/commission (TRCX) will be stopped and its outstanding fee amount, if any, will be set to pool (i.e. to be recovered later). Penalty fee/commission (TRCXPD given above) will start to be applicable.
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
| Action | Description | Diary | Follow-up transaction | Comment |
|---|---|---|---|---|
| Create | Non Performance | At Non Performance stage (Maturity + Grace days stage + Past due stage) | Liability Adjustment | If the contract is not repaid even after the Past due stage. |
| Create | Past due reminder | 5 days after a contract becomes Past due | Common Messages | If a contract is still in one of the Past due stages. |
| Create | Write off | At Write Off stage (Maturity + Grace days stage + Past due stage + Non performing stage) | Closing |
Updating/Storing of Amounts (CBS)
Liability (LIA)
The Finance liability will be out-booked and the same will be booked in Past due liability.
Note: Since this is just an internal entry and not an actual settlement, the settlement panel does not have any bookings. Internal bookings are available only in the bookings panel.
However, if outstanding interest (TRCX) is capitalized, settlement panel will have a debit to the past due account for that interest amount. The new liability amount will be updated with the interest amount.
Bookings will be updated with past due account debited for (outstanding finance amount + outstanding interest amount). With respective credits to finance account and revenue account.
Outgoing Correspondence
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
| Name of Message | Receiver | Message ID | SWIFT | TCO | DTA/DTE | Comment |
|---|---|---|---|---|---|---|
| Letter for Past Due Advice | Financed Party | TRTFIP1 | 789<799> | Notifies that the loan contract has become Past due/Overdue and the past due commission to be charged. |
Release
Transaction Panels
Past Due
Loan
Interest Details
Liability
Settlement Details
Settlement
Bookings
Messages
Attachments
Shipment Details
ECR Details
Past Due
Datafields
| Datafield | Description |
|---|---|
| Parent Reference | cf Appendix A, Table TRD field PNTREF |
| Own Reference | cf Appendix A, Table TRD field OWNREF |
| External Key | cf Appendix A, Table USR field EXTKEY |
| Date Issued | cf Appendix A, Table TRD field ISSDAT |
| % Financed | cf Appendix A, Table TRD field PCTFIN |
| Currency | cf Appendix A, Table CBB field CUR |
| Maximum Finance Amount | cf Appendix A, Table CBB field AMT |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
| Type of Financing | cf Appendix A, Table TRD field FINTYP |
| Past Due Date set in TRTLAT | cf Appendix A, Table TRD field PSTDUEDAT |
| Past Due Stage | cf Appendix A, Table TRD field PSTDUESTG |
| Open Finance Amount | This field contains the amount of the trust receipt loan yet to be settled. cf Appendix A, Table CBB field AMT |
| Currency | cf Appendix A, Table CBB field CUR |
| Open Interest Amount | cf Appendix A, Table TRD field TRXAMT |
| Forwarded Refinancing Interest Amount | cf Appendix A, Table TRD field TRXRFBAMT |
| Interest To Be Capitalized | cf Appendix A, Table TRD field INTCAPFLG |
Loan
Datafields
| Datafield | Description |
|---|---|
| Responsible User | cf Appendix A, Table TRD field OWNUSR |
| Special type of financing | cf Appendix A, Table TRD field FINSUBTYP |
| Type of risk | cf Appendix A, Table TRD field FINRSKTYP |
| Recourse Flag | cf Appendix A, Table TRD field FINRECFLG |
| Start Date Tenor | cf Appendix A, Table TRD field STTTENDAT |
| Maturity Date | cf Appendix A, Table TRD field MATDAT |
| Financing period | cf Appendix A, Table TRD field INTDAY |
| Base Rate | cf Appendix A, Table TRD field IRTCOD |
| Surcharge Applied to Interest Rate | cf Appendix A, Table TRD field INTRAT |
| draft serial number | cf Appendix A, Table TRD field DRWVOCNUM |
| Pay supplier | cf Appendix A, Table TRD field PAYSUPFLG |
| Draw down method for ECR | cf Appendix A, Table TRD field ECRMET |
| Transport Document Date | cf Appendix A, Table TRD field ECRTRDDAT |
| Currency of the financed amount | cf Appendix A, Table TRD field FINCUR |
| Financed amount (bankers acceptance) | cf Appendix A, Table TRD field FINAMT |
| Information Finance Party | cf Appendix A, Table TRT field INFPTY |
| Goods Code (for Statistics) | cf Appendix A, Table TRD field STAGOD |
| Provide Shipment Details | cf Appendix A, Table TRD field SHPFLG |
| External Key | cf Appendix A, Table PTS field EXTKEY |
| Address Block | cf Appendix A, Table PTS field ADRBLK |
| Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Interest Details
Datafields
| Datafield | Description |
|---|---|
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
| Roll-Over Financing | cf Appendix A, Table TRD field ROLOVRFLG |
| Cash Base | cf Appendix A, Table TRD field CSHRAT |
| Liquidity costs | cf Appendix A, Table TRD field LQDRAT |
| Our margin | cf Appendix A, Table TRD field OWNRAT |
| Fixed price for total maturity | Alternative fixed amount for the total term to maturity. (instead of an interest rate for 'Our margin') |
| Total interest rate | Sum of interest costs + liquidity costs + our margin The total interest rate used to calculate the commission. |
| Pastdue Margin | cf Appendix A, Table TRD field PDURAT |
| Pastdue Total Interest rate | Sum of ('Cash Base' + 'Liquidity Cost' + 'Past Due Margin'). The Total Interest rate used to calculate Past due commission. |
| Interest Start Date | cf Appendix A, Table TRD field BEGINTDAT |
| Interest Due Date | cf Appendix A, Table TRD field ENDINTDAT |
| Grace Days | cf Appendix A, Table TRD field GRADAY |
Shipment Details
Datafields
| Datafield | Description |
|---|---|
| Shipment from | cf Appendix A, Table TRD field SHPFRO |
| Port of Loading | cf Appendix A, Table TRD field PORLOA |
| Port of Discharge | cf Appendix A, Table TRD field PORDIS |
| For Transportation to | cf Appendix A, Table TRD field SHPTO |
| Transport Document Type | cf Appendix A, Table TRD field TRPDOCTYP |
| Transport Document Number | cf Appendix A, Table TRD field TRPDOCNUM |
| Date of Transport Document | cf Appendix A, Table TRD field TRADAT |
| Mode of Transport | cf Appendix A, Table TRD field TRAMOD |
| Vessel Name | cf Appendix A, Table TRT field VESNAM |
| Identification of Goods | cf Appendix A, Table TRT field ROGGOD |
| Incoterm Version | cf Appendix A, Table TRD field INCTRMVER |
| Incoterm Code | cf Appendix A, Table TRD field INCTRMCOD |
ECR Details
Datafields
| Datafield | Description |
|---|---|
| Reference of EXIM Bank | cf Appendix A, Table TRT field ECREXMREF |
| Own Reference | cf Appendix A, Table BPD field OWNREF |
| Code of drawee | cf Appendix A, Table TRT field EXIMCODE |
| CP / EO Refrerence | cf Appendix A, Table TRT field ECRSUBREF |
| Start date of export bill | cf Appendix A, Table TRT field EXPBILDAT |
| Export Bill Tenor | cf Appendix A, Table TRT field EXPBILTEN |
| Maturity date of export bill | cf Appendix A, Table TRT field EXPBILMATDAT |
| Goods Description | cf Appendix A, Table TRT field ECRGOD |
| Destination | cf Appendix A, Table TRT field EXPBILDES |
| Standard period | cf Appendix A, Table TRT field STDENRPER |
