Maintain Trust Receipt Loan Rates
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This activity allows you to save the rate details for the trust receipt loan along with effective from and to dates.
Select the “Maintain Trust Receipt Loan Rates” activity under the “Trust Receipt” business component.
The “Maintain Trust Receipt Loan Rates” page appears.
Enter the following fields:
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Bank Code |
Use the drop-down list box to select the bank code for which the trust receipt loan rates are to be specified. The combo is loaded with the bank codes for which trust credit limit is specified. |
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Rate Type |
Use the drop-down list box to select the rate type for which the rates are to be specified. The combo is loaded with "Interest” option. |
Enter the following fields:
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Rate |
The rate on the trust receipt loan held by the company in its bank account (Decimal). The rate entered in this field must not exceed “100”. Mandatory. |
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Effective From |
The date from which the rate is effective (Date Format). Mandatory. |
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Effective To |
The date to which the rate is effective (Date Format). |
The system displays the following fields:
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Created By |
The login ID of the user who created the rate details. |
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Created Date |
The date on which the rate details is recorded. |
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Last Modified By |
The login ID of the user who modified the rate details. |
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Last Modified Date |
The date on which the rate details is modified. |
4 Installation parameter trust receipt applicability to be set as ‘yes’
Finance book must be defined in the “Create Finance Book” activity of the “Organization Set Up” business component
The bank code must be defined in the “Create Bank” activity of the “Bank Cash Definition” business component
4 Account rule definition for the bank code
4 Trust receipt limits to be specified for the bank code