Currency Revaluation For Loan

This page allows you to run the revaluations related to loans taken in currency other than base currency.

Select the “Currency Revaluation For Loan” activity under the “Loan Transaction” business component.

The “Currency Revaluation For Loan” page appears.

Enter the following fields:

Loan Purpose

The purpose for which the loan is taken i.e. whether short term or long term.

Loan Category	The category or means through which the loan is taken i.e. Buyers credit or Commercial papers or Non – Convertible debentures or Corporate loan or Short term loan. This combo gets loaded based on the Loan Purpose selected.
Status	The status of the loan document number would get displayed here.
Currency	The loan currency would get displayed here.
Revaluation Date	The date on which the currency revaluation needs to be done to be captured here. Mandatory.
Current Exchange Rate	The exchange rate as on the sanction date, of the currency in which the loan is granted.
Finance Book	Select the finance book to which the entries related to loan transactions should get posted, from the drop down combo.
Journal Voucher Number	The journal voucher number that gets created depending on the numbering type selected, on running the currency revaluation would get displayed here.
Numbering Type	Use the drop-down list box to select the numbering type for the login organization unit and the “Loan Currency Revaluation” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Document Numbering Class” business component and must be in “Active” status. The system displays the numbering type set as default for the transaction in the “Document Numbering Class” business component.
Reversal Option	An option to reverse the revaluation entry made. The system will reverse the revaluation entry on the first day of the following period.

Click the “Get Details” push button to retrieve the loan details as per the search criteria specified.
Enter the following fields in the “Re-Valuation Details” multiline box:

Loan No.	The number identifying the loan number created under “Maintain Loan Details”
Loan Description	A unique textual description of the loan (Alphanumeric, 40).
Principal Loan Amount	The amount of principal component out of total loan amount.
Principal Outstanding	The Principal amount outstanding for the specified loan number will be displayed here.
Currency	The currency in which the loan is granted. All the permitted currencies defined for a company will be displayed here.
Exchange Rate	The exchange rate of the loan currency booked at the time of creating the loan details will be displayed here. The exchange rates for the currency specified must have been defined in the exchange rate master.
Principal Amount In Base Currency	The principal loan amount in base currency would get displayed here.
Current Exchange Rate	The current exchange rate available for the loan currency in the exchange rate master as on the revaluation date will be displayed here. It can also be edited within the tolerance limits available for the currency in the exchange rate master as on the revaluation date.
Revalued Principal Amount In Base Currency	The revalued principal loan amount in base currency would get displayed here.
Exchange Rate Gain	The gain on currency revaluation would get displayed here on click of “Authorize” button.
Exchange Rate Loss	The loss on currency revaluation would get displayed here on click of “Authorize” button.
Account Code	The account code to which the exchange gain or loss should get posted to be mentioned here. Exchange Gain – Normal Revenue Account Exchange Loss – Normal Expense Account
Description	The description of the account code selected would get displayed here.
Loan Start Date	The date on which the loan is taken.
Loan End Date	The loan maturity date.
Tenure	The tenure of the loan would get displayed here.
Loan Purpose	The purpose of loan would get displayed here.
Loan Category	The loan category would get displayed here.

Click the “Authorize” push button to generate the journal voucher for the currency revaluation made.

The login ID of the user gets updated under “Created By” field and the created date gets updated under the field “Created Date” if the details are entered for the first time.

The login ID of the user gets updated under “Last Modified By” field and the modified date gets updated under the field “Last Modified Date” if the details are getting saved from the second time onwards.

Prerequisites

4 Loan No must be created in the “Maintain Loan Details” activity of the “Loan Transaction” business component