The Rediscount Report (Customer Check/P. Note) is used to display the loss of value resulting from the due dates of customer checks and notes in portfolio, issued for collection or as collateral. The report is located in Check/P. Note Reports menu of the Finance section. The filter options are:
Filter | Value |
|---|---|
Listing | By Due Date / By Number |
Rediscount Interest Rate | Number entry |
Last Transaction Date | Start / End |
Rediscount Date | Date entry |
Check/P. Note Status | At Portfolio / Endorsed / To Collateral / Issued for collection / Issued for collection (protested) |
Check Portfolio No. | Group / Range |
P. Note Portfolio No. | Group / Range |
Check Serial No. | Group / Range |
P. Note Serial No. | Group / Range |
Due Date Range | Start / End |
Aux. Code | Group / Range |
Division Number | Defined divisions |
Subtotal | Without Subtotal / Daily / Weekly / Monthly |
Type | Customer Check / Customer P. Note |
Debtor | Group / Range |
Place of Payment | Group / Range |
Bank of Customer Check | Group / Range |
Guarantor of P. Note | Group / Range |
Endorser | Group / Range |
Endorsee | Group / Range |
Bank Code | Group / Range |
Amount Interval | Start / End |
F. Currency Type | Currency options |
The Rediscount Interest (yearly) option of the Finance Parameters located in the Definitions menu of the Administration section is used to specify the interest rate to be applied for the rediscount calculation.
The Rediscount Report (Customer Check/P. Notes) can be generated for two purposes.
If the rediscount interest amount will be calculated and registered as an expense, the annual rediscount interest amount issued by the T.R. Central Bank should be used as the rediscount interest.
If the loss of value against inflation will be calculated for the check or P. Note, the market interest rate or due date difference interest rate is processed as the rediscount interest rate. The rate should be entered into the filter line in order to allow the report to be printed with this interest rate. Rediscount reports calculate the net amount over 360 days according to this interest rate. The net value is calculated by subtracting the interest amount from the check/P. Note amount.
The Net Value is calculated with the "Check/P. Note Amount - (1 + Number of Due Date Days * Interest / 360) formula.
The date required for the calculation is specified on the Reference Date filter line. The rediscount is calculated using the yearly interest rate starting from the date specified on this field.