Secured or Unsecured Term Loan

The Overview tab requires the basic elements for the creation of a contract such as customer, banking product, account, interest rate, participants, tranches, fees, and contract covenants.

The following information in the Overview tab is common to all contract types:

Field	Mandatory	Data Type	Details
Contract ID	No	Text	A contract ID can be filled in, other than the contract number generated automatically by Core Banking when you saved the contract.
Customer	Yes	Lookup	The customer who owns the contract, selected previously, in the initial contract creation page. You cannot modify this information.
Banking Product	Yes	Lookup	The banking product selected previously, in the initial contract creation page. You cannot modify this information.
Currency	Yes	Lookup	The currency of the banking product selected previously, in the initial contract creation page. For the moment the product is defined currency wise, thus each product has an underlying currency. You cannot modify this information.
Activation Date	Yes	Invariant date	This is the date when the contract is activated. It is automatically completed with the system date.
Main Bank Account	Yes	Lookup	When the contract is approved, this account it is created automatically for the bank defined as Main in Core Banking,within the Core Banking Operational > Bank menu. In order to generate an account number, a rule must be defined during the Core Banking implementation phase (example: branch code + incremental sequence number).
Managing Branch	Yes	Option set	This represents the branch of the organization where the contract was created. It is automatically completed at contract saving time, but you can select another branch from the list.

Click the Save and Reload button at the top right corner of the page.

The following information specific to Term Loan contracts should be completed in the Overview tab:

Field	Mandatory	Data Type	Details
General Data section
Current Account	No	Lookup	Select the current account to be used for collecting the installments and for performing the disbursements.
Destination Bank Account	No	Lookup	Enter the destination bank account number, the account where the disbursements should be performed, if it's different from the current account selected previously.
Amount	No	Numeric	Enter the actual amount of credit for the contract.
Advance Amount Percentage	Yes	Numeric	If you have not entered a value in the Advance Amount Value, enter the first installment percent for the contract, otherwise this field is automatically calculated and filled in. This amount is calculated as a percentage from the contract's value, is due on the first disbursement date, being used by Core Banking to calculate the schedule and create a notification for that amount on the disbursement event. The default value is zero, as it is not always applicable.
Advance Amount Value	Yes	Numeric	If you have not entered a percentage in the Advance Amount Percentage, enter the first installment value for the contract, otherwise this field is automatically calculated and filled in. This amount is due on the first disbursement date, being used by Core Banking to calculate the schedule and create a notification for that amount on the disbursement event. The default value is zero, as it is not always applicable. NOTE Limit validations for contracts with advance amount >0 are performed for Amount - Advance Amount. When the contract is activated, the available limit amount is decreased with the (Amount - Advance Amount) value. Auto Disbursement = True and cannot be changed for contracts with advance amount >0. If the advance amount is changed back to zero, then the value of the Auto Disbursement checkbox becomes the default value set at the banking product level and can be edited.
Start Calculation Date For Amount Unused	Yes	Date	Select the date when the amount not used from the financed amount starts to be calculated with commissions with Commission Unsuage type.
Maximum Disburse Date	No	Date	Select the maximum date when a disbursement can be performed for the approved contract.
Auto disbursement	No	Bool	Select this checkbox if the financed amount must be automatically disbursed on the approval of the contract. The auto disbursement property is set at banking product level, but it can be modified at the contract level. The following validations are performed for this checkbox: If the contract has multiple tranches, then Auto disbursement = False and it cannot be edited. If Auto disbursement = True and the contract approval date = activation date, then Core Banking does not generate a new version for the contract. If Auto disbursement = True and the contract approval date > activation date, then Core Banking generates a new version for the contract.
Product Interest Rate section
Product Interest	No	Lookup	Select from the list the interest to be applied for this contract. Only the interests associated to the selected banking product are displayed within the list. Penalty interests cannot be selected here. Depending on the selected interest, a series of other fields are displayed to be filled in: Margin, Reference Rate Date and Reference Rate.
Margin	No	Numeric	This field is automatically completed with the margin of the previously selected product interest. If the product interest was not selected, you can manually enter the margin.
Reference Rate Date	Yes	Date	Select the date for the reference rate that is part of the previously selected product interest.
Reference Rate	Yes	Numeric	This field is automatically completed with the interest type's definition's reference rate valid at the previously selected date.
Total Interest Rate	Yes	Numeric	This field is automatically completed with the calculated total interest rate of the previously selected product interest and any values entered for margin and reference rate. If the product interest was not selected or if the interest at the banking product level was marked as Is Negociable, you can manually enter the interest rate.
Minimum Interest Rate	No	Numeric	This field is automatically completed with the minimum interest rate applicable for the contract, defined at the banking product level.
Date for Review Interest Rate	No	Date	Enter the date for reviewing the interest rate applicable for the remaining amount.
Repayment Overview section
Schedule Type	Yes	Lookup	Select the payment schedule type to be used to calculate the installments of this contract. You can select one of the payment schedule types associated to the banking product in the Details tab > Associated Payment Schedule Types list.
Contract Period	Yes	Whole Number	This field is automatically completed with the number of contract period of contract period type as it was defined at banking product level. You can edit this value.
Contract Period Type	No	Option Set	This field is automatically completed with the contract period type as it was defined at banking product level. You cannot edit this value.
Maturity Date	No	Date	This field is automatically completed with the contract maturity date, calculated based on the values of the Contract Period, Contract Period Type, Due Date and Activation Date. You cannot edit this value.
Due Day	Yes	Whole Number	Enter the exact day of month for installment repayment. If it is set to 31, then the system takes the last day of months. If you manually select the First Due Date, then this field is automatically completed and not editable.
Periodicity Type	Yes	Lookup	Select the time interval for the repayment schedule. Possible values are set at the banking product level. If the periodicity is set to Once, then the payment happens one time, at loan maturity. You can only select from periodicity types with the same measurement unit as the selected schedule type's contract period type. For example, if the value in the Contract Period Type is Days, you can only select a periodicity type whose measurement unit is in days.
Installment Method	Yes	Option set	Select the installment method to calculate if the first due date is set into the current month or in the next month. Possible values: Actual Period, with the first installment's due date calculated within the same calendar month; Next Period, with the first installment's due date calculated within the next calendar month after contract approval.
First Due Date	No	Date	Select the date of the first due installment. If you manually select the Due Day, then this field is automatically completed as calculated based on the information within the Due Date, Periodicity Type and Installment Method, and it is not editable.
Repayment at end of month	No	Boolean	If you select this checkbox, then the due day of the contract is automatically set to the last day of the month, and the repayment schedule is calculated with an installment in the last day of month.
Royalty	No	Numeric	This field is automatically completed with the value of an installment. The field is displayed and can be filled in if the selected schedule type is of type Equal Installment. You can edit this value.
Initial Principal Value	No	Numeric	This field is automatically completed with the value of the principal within an installment. The field is displayed and can be filled in if the selected schedule type is of type Equal Principal. You can edit this value.
Number of installments	Yes	Whole Number	This field is automatically completed with the number of installments to be paid for this contract, calculated based on previously defined values.
Principal Grace Period (Months)	No	Whole Number	This field is displayed only if the banking product allows a principal grace period. Enter a value in months for the grace period allowed for principal repayment for this contract. The value inserted in this field should be between the minimum and maximum grace period set at the banking product level.
Interest Grace Period (Months)	No	Whole Number	This field is displayed only if the banking product allows an interest grace period. Enter a value in months for the grace period allowed for interest repayment for this contract. The value inserted in this field should be between minimum and maximum grace period set at the banking product level.

Contract Participants Section

In the Contract Participants section, you can insert, delete or export customers who participate in this contract or who can be blocked from participation. After the first save operation, the customer is added as beneficiary of the contract. If the customer is a legal entity, all the company’s already entered legal representatives such as administrators, affiliates, owners, or other key contact persons are displayed in this list.

To add a participant, click Insert and fill in the following fields:

Field	Required	Data Type	Details
Participant	No	Lookup	Select from the list the name of the customer who can access the contract.
Role	No	Option Set	Select from the list the role of the previously selected customer in the contract beneficiary's company.
Blocking Reason	No	Option Set	Select the reason for blocking this participant from accessing the contract, if needed.

Click the Save and Close button at the top right corner of the page.

Contract Tranches Section

In the Contract Tranches section, you can view the disbursement tranches configured at the product level. Usually used for corporate loans, such dividend payments or cash outflows are not done in equal amounts and usually trigger a recalculation in terms of interest. In this section you can also insert, delete or export disbursement tranches for the contract.

To add a tranche in a contract based on a product that has a disbursement matrix set up, click Insert and fill in the following fields:

Field	Required	Data Type	Details
Tranche Date	Yes	Date	Select the date of the disbursement tranche.
Tranche Percent	Yes	Numeric	Enter the percentage from the contract value that has to be disbursed with this tranche.
Amount	Yes	Numeric	Enter the amount from the contract value that has to be disbursed with this tranche.
Interest Percent	No	Numeric	Enter the interest percent applicable for this tranche, if it must be different from the interest rate applicable for the entire contract.
Unusage Commission Percent	No	Numeric	Enter the commission percent applicable for the unused loan amount from this tranche.
Submitted Document	No	File	Upload the documents related to the tranche disbursement.

Click the Save and Close button at the top right corner of the page.

Fees & Commissions Section

In the Fees & Commissions section, you can view all the fees and commissions configured at the product level that have the Automatic Load on Contract checkbox set to True. After the first saving operation, all fees that are defined as values are displayed. The fees that are defined as percentages are displayed after completing all the values of the contract. Read more about the commissions automatically inserted and calculated in the below section. You can also insert, delete or export fees and commissions for the contract.

To add a fee for this contract, click Insert and fill in the following fields:

Field	Required	Data Type	Details
Contract	Yes	Lookup	This field displays the contract number generated automatically by Core Banking when you saved the contract. You cannot modify this information.
Currency	Yes	Lookup	The currency of the contract. You cannot modify this information.
Fee	Yes	Lookup	Select a commission from the list of commissions defined for the banking product used when creating the contract.
Periodicity Type	No	Option Set	This fields is automatically completed with the periodicity type of the selected fee.
Fee Date	Yes	Date	Specify which value of the commission is to be used by selecting the date of the commission.
Percent Fee	No	Numeric	This field displays the commission percentage applicable for the selected date, if the commission was defined as a percentage.
Value Fee	No	Numeric	This field displays the commission value applicable for the selected date, if the commission was defined as a value.

Click the Save and Close button at the top right corner of the page.

Automatic Insertion and Calculation of Commissions

Commissions are automatically inserted / updated in the Fees & Commissions section depending on the life cycle and status of the contract:

• Creating a new contract: Core Banking automatically inserts active commissions associated to the banking product, within their defined validity period, with Automatically load on contract = True, with Is For Unusage = False, and Commission value is percentage = False.
  If Commission value is percentage = True, then the commission is only inserted if the amount value was previously inserted.

• Updating a contract in Draft status: Core Banking automatically inserts active commissions associated to the banking product, within their defined validity period, with Automatically load on contract = True, with Is For Unusage = False. If a commission with Commission value is percentage = True was already inserted, then the commission's value is updated according to the contract's financed amount. If the value of a commission with Commission value is percentage = True was manually modified (for negotiable commissions), then the new value is calculated based on the modified percentage.

• Creating a new version for a contract: Core Banking automatically inserts all the commissions already present in the contract. Additionally, all commissions specifically created for contract version (Is For Contract Version = True) are added as well.

  NOTE
  If a version for a contract is created more than once on the same day, then all commissions with Is For Contract Version = True that were not notified yet for each previous version are deleted. At the end of the day, there is only one commission for the latest version.
  

• Updating a contract in Contract Version Draft status: Core Banking only updates the percentage commissions that are not already notified.

For percentage commissions (with Commission value is percentage = True), the financed amount of the contract is used to calculate the commission value based on the percentage. The calculation method differs depending on the contract type:

• For contracts based on Term Loan, Mortgage or Overdraft banking products:

  • If the commission is applied to amount, then the financed amount = amount due;

  • If the commission is applied to financed amount, then the financed amount = amount due - advance amount;

  • If the commission is applied to remaining value and the contract is in Contract Version Draft status, then financed amount = (-1) * main bank account balance. If the result is a negative value, then financed amount = null. In all the other cases, financed amount = null, which is the default value.

• For contracts based on Bank Account with Overdraft banking products:

  • If the commission is applied to overdraft limit amount, then the financed amount = overdraft limit amount;

  • If the commission is applied to used amount and the commission's period type is Once, then the financed amount = overdraft limit amount - available amount for overdraft. In all the other cases, financed amount = null, which is the default value.

Contract Covenant Section

In the Contract Covenant section, you can view the covenants that applicants must abide by after getting the loan, configured at the product level. Such conventions are usually applicable for corporate clients that must meet certain requirements in order to continue to receive disbursements and not only: submit balance sheet every x months, have account turnover of at least x percent from average monthly turnover, provide other relevant documents from authorities. In this section you can also insert, delete or export covenants for the contract.

To add a covenant to a contract, click Insert and fill in the following fields:

Field	Required	Data Type	Details
Covenant	No	Option Set	Select the desired covenant from the list of possible values: Borrowers should perform tax obligations: the lenders expect the borrowers to perform their tax obligations to both the business and towards their employees. This covenant is of type affirmative. Lender can monitor borrower's current ratio: the lender may continuously monitor the borrower's current ratio to ensure it stays relatively attractive and promising. This covenant is of type financial. Lender posses the right to prevent merges or acquisitions: a clear stipulation that the lender possesses the right to prevent merges of acquisitions without proper notification or full knowledge of the process. This covenant is of type negative.
Value	No	Numeric	Enter the value of the covenant.
Covenant Type	No	Option Set	This field is automatically completed with the type of the selected covenant.
Review Frequency (Months)	No	Whole Number	Enter the number of months after which the covenant has to be reviewed.
Review Date	No	Date	Enter the date when the covenant has to be reviewed.

Click the Save and Reload button at the top right corner of the page.

Activate the covenant record by changing its status to Active.

Click the Save and Close button at the top right corner of the page.

Contract Classifications Section

In the Contract Classifications section, you can insert, delete or export classifications for the contract. You can choose to add the classifications defined at banking product level.

To add a classification to a contract, click Insert and fill in the following fields:

Field	Required	Data Type	Details
Classification	No	Lookup	Select the desired classification for the contract from the list of classifications associated with the banking product.
Contract	Yes	Lookup	This field is automatically completed with the number of the current contract.
Description	No	Text Area	Enter a description for the contract classification.

Click the Save and Close button at the top right corner of the page.

The Collaterals tab appears on a contract only if the chosen product is secured. The tab is used to set collaterals as guarantees. Collaterals must be previously defined (see Collateral Management) and registered (see Registering Collaterals). Only after a collateral is registered, it can be used for covering a secured loan contract.

The fields Cover Value and Product Collateral Cover Percent are automatically populated.

To add a collateral to a secured contract, go to the Collaterals tab at contract level. In this tab you can insert one or more collaterals in order to have the contract covered, as well as contract guarantors.

Start by adding guarantors to your contract, if needed. The Contract Guarantors section can be used to add a collateral that is not owned by the customer. If a guarantor is added on the loan contract, you can use the collaterals owned by the guarantors in order to cover the contract risk.

1. Click the Insert button within the Contract Guarantor section.
2. In the newly displayed Add Contract Guarantors page, fill in the following fields:
   
   

Field	Mandatory	Data Type	Details
Contract	Yes	Lookup	Read-only field, automatically completed with the current contract.
Guarantor	Yes	Lookup	Select the customer who acts as a guarantor for the contract.

3. Click the Save and Close button at the top right corner of the page.
4. Click the Insert button from the Contract Collateral section.
5. In the newly displayed Add Contract Collateral page, fill in the following fields:

   

   Field	Mandatory	Data Type	Details
   Customer / Guarantor	Yes	Lookup	Select the customer who acts as guarantor for the contract. The field is automatically completed with the customer selected in the contract, but you can select any of the customers already added as guarantors for this contract.
   Collateral Register	Yes	Lookup	Select a collateral registered to the current customer. When selecting a collateral, the Cover Register Value, Cover Register Value Usage and Cover Value in Contract Currency fields are automatically calculated. NOTE A registered collateral can be attached to multiple contracts if the contracts total amount does not exceed the collateral available amount. IMPORTANT! When selecting a Fixed deposit collateral, the status of the associated bank account becomes Blocked. If the contract's status changes from Owned or Active into Released, the status of the bank account becomes Opened. If the status is changed from Active to Released – the status for Bank account changes to Opened (Only for fixed deposit collateral).
   Collateral Register Value Usage (%)	Yes	Numeric	The percentage to be used from the registered collateral's total value. The percentage is set at banking product level, in the Collateral Cover Percent field. You can modify this percentage. As a result, the Collateral Register Value and the Cover Value in Contract Currency values are automatically recalculated by Core Banking.
   Cover Register Value	Yes	Numeric	The value that is taken from collateral, expressed in the collateral's currency. If the collateral is in a different currency then the contract currency, the exchange rate is automatically applied in order to have the available amount correctly calculated. Further, the Daily recalculation of Collaterals job runs daily in order to recalculate the available amount for each collateral.
   Cover Value in Contract Currency	Yes	Numeric	The cover value converted in the contract's currency at the exchange rate defined in Core Banking.
   Mortgage File	No	File	Attach a file relevant for the mortgage.

6. Click the Save and close button.

The Payments tab contains all the transactions, payments, penalties, bank account operations, repayment schedules, schedule versions, repayment notifications for a contract. Depending on the contact's chosen banking product, only some of these may be displayed. The tab has no information to display in Draft status. Approve the contract to perform any contract event. Meaningful payment information is displayed in this tab only after performing transactions on the contract.

Contract Repayment Schedule Section

The Contract Repayment Schedule section displays the repayment schedule automatically generated by Core Banking for the approved contract, after performing a disbursement.

The section displays only basic information about the generated schedule, such as contract number, schedule date and last modification date and time. For detailed information and the actual list of the installments, double-click on the schedule. The Edit Contract Repayment Schedule page is displayed with the selected schedule and a list with every schedule detail:

You cannot edit the information displayed in this page.

The following information is displayed about each schedule detail (installment):

Column	Details
No.	The number of the repayment schedule detail.
Due Date	The date when the installment must be paid.
Interest	The value of the interest calculated for this installment.
Principal	The value of the principal calculated for this installment.
Commission For Undrawn Amount/ or other commissions, depending on the selected contract type	The value of the commission with the specified type calculated for this installment.
Total Repayment	The number of the repayment notification generated for this schedule detail.
Notification No.	The number of the notification where the installment is included, if it was already generated.

Within the list, the schedule details are color coded as follows:

• Schedule details highlighted in blue are already paid, allocated or closed to payment.

• Schedule details not highlighted (displayed on a white background) remain to be paid.

To export the schedule in a .pdf file, click the Print Schedule button. Your browser automatically downloads the PaymentScheduleFile.pfd file, with all the information displayed within the Contract Repayment Schedule page.

Contract Repayment Schedule Versions Section

The Contract Repayment Schedule Versions section displays the versions of the repayment schedules automatically generated by Core Banking each time when a contract event that changed either the maturity date or the amount of a repayment was performed on the contract. The section is displayed only if such versions exist for the contract.

The section displays only basic information about the generated versions, such as version number, versioning reason, version creation date and the date of the previously active schedule.

For detailed information about the repayment schedule version, double-click on the desired record. The Edit Contract Repayment Schedule Version page is displayed with the selected schedule and a list with every schedule detail:

You cannot edit the information displayed in this page.

The following information is displayed about each schedule version:

Column	Details
Version No.	The number of the repayment schedule version.
Version Date	The date when the version was created.
Versioning Reason	The type of contract event that triggered the generation of the version.
Customer	The customer for whom the contract was created.
Contract	The number of the contract for which the repayment schedule version was generated.
Contract Event	The id of the contract event that triggered the generation of the version.
Date Schedule	The date of the previous repayment schedule.
Schedule Type	The type of schedule selected in the contract and used to generate the repayment schedule.
Version's Details List
No.	The number of the repayment schedule version detail.
Due Date	The date when the installment must be paid.
Remaining Value	The value remaining to be repaid from the contract value at the moment of this installment.
Interest	The value of the interest calculated for this installment.
Principal	The value of the principal calculated for this installment.
Total Installment	The total value of the installment to be paid.
Notification No.	The number of the notification where the installment is included, if it was already generated.

Transactions Section

The Transactions section displays all the transactions performed at the contract level, in any status. This section only has information if the contract is in Approved status and transactions were already created. Read detailed information about contract events and how to add an event in the dedicated Contract Events page.

The section displays only basic information about the transaction, such as event number, status, date, transaction type, value and the user who created it. For detailed information about the transaction and the repayment schedule generated for the approved event, double-click on the schedule. The Event page is displayed with the selected event and the generated repayment schedule for the event:

You cannot edit the information displayed in this page.

The following information is displayed about each event, with some variations depending on the event type:

Column	Details
Contract	The number of the contract for which the transaction is performed.
Customer	The customer for whom the contract was created.
Transaction Type	The type of the transaction that is performed on the contract.
Currency	The currency of the contract.
Financed Amount	The amount financed by the contract.
Available Value	The amount still available in the contract.
Event Date	The date when the event was created.
Event Value	The amount of the transaction.
Repayment Due Day	The day of the month when the repayment is due.
Installment Method	The method of calculating the installment value.
Tenor	The tenor of the contract in months.
Principal Value	The amount of the principal of the contract.
Installment Value	The amount of the installment.
Contract Repayment Schedule section
No.	The number of the repayment schedule version detail.
Due Date	The date when the installment must be paid.
Remaining Value	The value remaining to be repaid from the contract value at the moment of this installment.
Interest	The value of the interest calculated for this installment.
Principal	The value of the principal calculated for this installment.
Total Installment	The total value of the installment to be paid.

Repayment Notifications Section

The Repayment Notifications section displays all the repayment notifications generated for the contract. This section only has information if the contract is in Approved status and disbursements were already performed.

Within the list, the repayment notifications are color coded as follows:

• Repayment notifications highlighted in blue are already paid, allocated or closed to payment.

• Repayment notifications not highlighted (displayed on a white background) remain to be paid.

The following information is displayed about each notification:

Field	Description
No.	The number of the repayment notification record.
Customer	The customer for whom the contract was created.
Date	The date when the notification was generated.
Currency	The currency of the contract.
Amount	The amount of the installment for which the notification was generated.
Remaining	The amount from the installment that remains to be paid.
Maturity Date	The maturity date of the notification. This is calculated adding the value of the Grace period for repayment field at the banking product level to the notification date.

For detailed information about a repayment notification, double-click on the desired record. The Repayment Notification page is displayed with the selected notification:

You cannot edit the information displayed in this page. Read detailed information about repayment notifications in the dedicated Repayment Notifications page.

Penalties Section

The Penalties section displays the penalty interest applicable to the contract, automatically calculated by Core Banking for an approved contract, based on all the interests with selected Is Penalty checkbox that are applied to this contract, configured in the Overview tab.

The section displays only basic information about the penalties, such as penalty date, amount, notification number and whether it was paid or not. For detailed information, double-click on the desired penalty record. The Contract Penalty page is displayed with the selected penalty's details:

You cannot edit the information displayed in this page.

The following information is displayed about each penalty record:

Column	Details
Contract	The number of the contract for which the transaction is performed.
Customer	The customer for whom the contract was created.
Is Paid	A checkbox indicating whether the penalty was already paid through a payment allocation or not.
Name	The name of the penalty.
Notification	The number of the notification where the penalty is included.
Penalty Amount	The amount of the penalty expressed in the contract's currency.
Penalty Date	The date when the penalty was calculated.
Contract Penalty Details section
Penalized Notification	The notification which was not paid in time and for which the penalty is calculated.
Penalized Item	The item to which the penalty interest was applied.
Overdue Days	The number of days since the notification was overdue for payment.
Penalty Amount	The calculated amount of the penalty.
Loan Item	The loan item which is used to calculate the penalty interest.

You can view the details of the penalty in a separate page, named Edit Contract Penalty Detail, if you double-click the detail record:

You cannot edit the information displayed in this page.

This section holds documents related to the contract. It is meant to be the electronic folder of the contract.

To insert a document to the contract, click the Insert button in the Contract Document section. The Add Contract Document page is displayed.

Fill in the following fields:

Field	Mandatory	Data Type	Details
Name	No	Text	Enter the name of the document.
Number	No	Text	Enter the number of the document.
Contract	Yes	Lookup	This field is automatically completed with the number of the current contract.

Click the Save and Close button at the top right corner of the page.

The History tab displays the versions of the contract, along with workflow status and the user who modified the record. A contract can have only one Draft version, one Current version, but it may have multiple History versions, which are displayed in this section. In this tab you can track the contract's life cycle and review older versions that are no longer active (for details, see Contract Versioning).

The Accounting Entries tab holds all the accounting entries, accounting totals, and accruals and provisions recorded for a contract. These records are automatically generated by the system, after performing transactions for an approved contract.

Accruals and Provisions Section

The records containing daily accrual and provisions are displayed in the Accruals and Provisions section. Generated automatically by the system respecting the definition of the contract, product dimensions, system parameters and jobs.

The following information is displayed for each accrual and provision entry:

Column	Details
Classification	The classification of the accrual and provision entry. The classification is determined based on the records created in the Loan Classification menu. These records classify transactions based on the number of days since a repayment notification is overdue.
Contract	The number of the current contract.
Calculation Date	The date when the accrual and provision calculation was performed.
Daily Accrual Interest	The amount of interest accrued on that day.
Accumulated Interest Accrual	The total amount of interest accrued until that day.
Daily Interest Provision	The amount of interest provisioned on that day.
Accumulated Interest Provision	The total amount of interest provisioned until that day.
Daily Fee Accrual	The amount of fees and commissions accrued on that day.
Accumulated Fee Accrual	The total amount of fees and commissions accrued until that day.
Principal Provision	The amount of principal provisioned.
Previous Principal Provision	The previous amount of principal provisioned.
Process Days	The number of days processed.

Accounting Totals on Contract Section

The Accounting Totals on Contract section provides an overview of the total amounts specified in accounting records. The accounting entries are generated by the Generate Accounting Entries service in the Core Banking END OF DAY (CB) daily job . The job runs automatically at the end of day.

The following information is displayed for each total amount:

Column	Details
Account	The account where the operation was performed.
Total Debit	The amount which was debited from the account.
Total Credit	The amount which was credited to the account.

Accounting Entries Section

The Accounting Entries section reflects the accounting for the transactions related to the loan contract. The accounting entries are generated by the Generate Accounting Entries service in the Core Banking END OF DAY (CB) daily job . The job runs automatically at the end of day.

The following information is displayed for each accounting entry:

Column	Details
Name	The id of the accounting entry.
Accounting Date	The date when the entry was generated.
Accounting Value	The value of the accounting entry.
Analytic Credit Account Code	The code of the analytic credit account.
Analytic Debit Account Code	The code of the analytic debit account.
Currency	The currency of the accounting entry.
Equivalent Value	The equivalent value of the accounting entry expressed in the contract's currency.
Exchange Rate	The exchange rate between the accounting entry currency and the contract currency.
Description	The description of the accounting operation.