Record Bill of Exchange/Buyer’s Credit Redemption

This activity allows you to redeem the payments made through bill of exchange/buyer’s credit.

Select the “Record Bill of Exchange/Buyer’s Credit Redemption” activity under the “Hedge Instruments” business component.

The “Record Bill of Exchange/Buyer’s Credit Redemption” page appears

Redemption No.	The number identifying the redemption transaction.
	Help Facility Available
Finance Book	Use the drop down list box to select the Finance Book. The combo would be loaded with Finance books mapped for the Login Organization Unit and Login User.
Status	The status of the redemption transaction.
Redemption Date	The date for the redemption transaction.
Numbering Type	Use the drop down list box to select the Numbering Type for generation of Redemption No. The combo loaded with all the numbering type defined for the “Bill of Exchange/Buyer’s Credit Redemption” transaction and Defaulted with value returned by Numbering Class Component.

Instrument Type	Use the drop down list box to select the Instrument Type such as Bill of Exchange / Buyer’s Credit
Transaction Type	Use the drop down list box to selectthe transaction type. The combo control would be loaded with “Supplier Payment” for Bill of Exchange & “Sundry Receipt” for Buyer’s Credit.
Transaction OU	The Organization Unit in which the Supplier Payment/Sundry Receipt voucher has been created.
Currency	Use the drop down list box to select the Currency based on which document needs to be fetched. Combo will be loaded with only Base Currency if Foreign Curr.Bill of Exch./Buyer’s Credit under Forward cover is set as Yes. If it is set as No combo will be loaded with all the permitted currencies for the company
Bank Code	Use the drop-down list box to select the bank code. The combo is loaded with the all the active bank codes for the company.
Bill of Exchange Due Date From	The starting range of due date of the Bill of Exchange
Bill of Exchange Due Date To	The ending range of due date of Bill of Exchange.
Bill of Exchange No. From	The starting range of number identifying the Bill of Exchange.
To	The ending range of number identifying the Bill of Exchange.

Note: Bill of Exchange search will be visible only when the instrument type is Bill of Exchange.

Buyer’s Credit Due Date From	The starting range of due date of the Buyer’s Credit
Buyer’s Credit Due Date To	The ending range of due date of Buyer’s Credit.
Buyer’s Credit No. From	The starting range of number identifying the Buyer’s Credit
To	The ending range of number identifying the Buyer’s Credit.

Note: Buyer's Credit search criteria will be visible only when the instrument type is Buyer's Credit.

Bill of Exchange / Buyer’s Credit Document No.

The Bill of Exchange No./ Buyer’s Credit No. is displayed in the document no.

Note: The Caption of this column will be dynamically displayed based on the instrument type displayed.

Amount	The Bill of Exchange amount of the Payment Voucher / Buyer’s Credit Amount of the Sundry Receipt.
Currency	The Currency in which the Bill of Exchange / Buyer’s Credit has been created.
Exchange Rate	The Exchange rate used during Supplier Payment / Sundry Receipt.
DueDate	The Due date of the Bill Exchange / Buyer’s Credit document.
Outstanding Amount	The outstanding amount against the bill of exchange/buyer’s credit yet to be repaid to the bank.
Redemption Amount	The current redemption amount against bill of exchange/buyer’s credit.
Voucher No.	The Supplier Payment Voucher No. (when the instrument type is Bill of Exchange) / The Sundry Receipt Voucher No. (when the instrument type is Buyers Credit).
Transaction Type	Supplier Payment Voucher (when the instrument type is Bill of Exchange) / Sundry Receipt Voucher (when the instrument type is Buyers Credit).
Transaction OU	The OU in which the Supplier Payment Voucher / Sundry Receipt Voucher has been generated.
Transaction Date	The Date in which the Supplier Payment Voucher / Sundry Receipt Voucher has been generated.
Remarks	Any remarks of the redemption.

Payee	The name of the payee.
Pay Date	The date for payment. The system displays the system date as default.
Remarks	Enter remarks as necessary.
Pay Currency	The currency in which the payment is to be remitted
Exchange Rate	The Exchange rate between the base currency and the payment currency.
Pay Amount	Total Remittance amount. Display only.
Payment Method	Use the drop-down list box to select the required payment method. The system displays the first valid payment method from the list as default.
Payment Route	Use the drop-down list box to select the required payment route. The system displays the first valid payment route from the list as default.
Pay Mode	Use the drop-down list box to select the required pay mode.
Bank / Cash Code	Use the drop-down list box to select the required code. The system displays the first value in the list as default.
Description	The applicable description for the bank/cash code selected. Display only.
Numbering Type	Use the drop-down list box to select the required numbering type for payment voucher. The numbering type applicable to the company for transaction type, ‘sundry payment’ will be displayed in the list. If the default value is not available, the system displays the first available value.
Voucher No.	The number identifying the auto generated payment voucher. This number will be displayed on authorization of redemption number. Data Hyperlink available

Click the “Save” pushbutton to Save the Redemption transaction.
Click the “Save and Authorize” pushbutton to authorize the Redemption transaction.
Click the “Delete” pushbutton to delete the Redemption transaction.
Click the “Reverse” pushbutton to reverse the Redemption transaction.

The system displays in the following field in "Data History" group box:

Created By	The login ID of the user who maintained the redemption details.
Created Date	The date on which the redemption details was maintained.
Last Modified By	The login ID of the user who modified the redemption transaction details.
Last Modified Date	The date on which the redemption transaction details was last modified.