Settle Hedge Instruments
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This activity allows you to settle the liability towards hedged instruments.
Select the “Settle Hedge Instruments” activity under the “Hedge Instruments” business component.
The “Settle Hedge Instruments"” page appears.
Enter the details in the following fields:
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Hedge Instrument No. |
The number identifying the Hedging Transaction. |
The system displays the following details:
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Finance Book |
The Finance Book in which Hedging transaction has been created. |
Enter the following details:
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Settlement Date |
The Actual Settlement date on which the hedging contract is settled |
The system displays the following details:
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Instrument Type |
The Instrument Type such as Bill of Exchange / Buyer’s Credit recorded in the hedging transaction. |
Enter the following details :
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Settlement Type |
Use the drop down list box to select the Settlement Type. The combo loaded with “Cancellation”, “Repayment”, “Avail Buyer’s Credit” and “Repayment with Partial Buyers Credit” |
The system displays the following details in the Search Criteria Section:
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Transaction Type |
The transaction type recorded during hedging. It could be “Supplier Payment” for Bill of Exchange & “Sundry Receipt” for Buyer’s Credit. |
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Contract Date |
The date on which the hedging contract is entered. |
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Settlement Date |
The Original Settlement date of the hedging contract. |
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Currency |
The Hedging contract currency. |
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Amount |
The Hedging contract amount. |
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Bank Code |
The Hedging Contract Bank code. |
Enter the following details:
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Repayment Amount |
The Amount to be repaid for the Bill of Exchange Loan Liability / Buyer’s credit liability. |
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Buyer’s Credit Amount |
The Amount to be availed as Buyer’s Credit Loan |
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Exchange Rate |
The exchange rate as on settlement date between the Base currency and the hedging currency. |
Enter the following details in the Sundry Receipt Information:
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Buyer’s Credit Numbering Type |
Use the drop down list box to select the Numbering Type for generation of Transaction No. The combo loaded with all the numbering type defined for the “Buyer’s Credit” transaction and Defaulted with value returned by Numbering Class Component. |
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Buyer’s Credit No. |
The unique No. identifying the Buyer’s Credit |
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Numbering Type |
Use the drop down list box to select the Numbering Type for generation of Sundry Receipt No. The combo loaded with all the numbering type defined for the “Sundry Recepit” transaction and Defaulted with value returned by Numbering Class Component. |
The system displays the following information.
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Sundry Receipt No. |
The unique No. identifying the auto-generated Sundry Receipt. |
Payment Voucher Information section will be visible only when the Settlement Type is "Avail Buyer's Credit" and "Repayment with Partial Buyers Credit".
Enter the following details in the Journal Voucher Information:
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Numbering Type |
Use the drop down list box to select the Numbering Type for generation of Sundry Receipt No. The combo loaded with all the numbering type defined for the “Journal Voucher” transaction and Defaulted with value returned by Numbering Class Component. |
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Pay Date |
The Date on which the Loan Liability is to be repaid. |
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Payee |
The Name of the payee. |
The system displays in the following field:
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Payment Voucher No. |
The unique No. identifying the auto-generated Payment Voucher. |
Payment Voucher Information section will be visible only when the Settlement Type is "Repayment", "Avail Buyer's Credit" and "Repayment with Partial Buyers Credit".
Click the “Save” pushbutton to Save the Settlement.
Click the “Save and Authorize” pushbutton to authorize the Settlement.
