"New" option located in the Bank Credits List is used for recording bank credit information. The following information is recorded in the Unit Bank Credits window:
Credit Code: The code of the bank credit. Alphanumeric characters can be used for coding. This field is mandatory.
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Credit Type: The bank credit definition type. This field contains the following options:
- Operating Loan
- Investment Loan
Account Type: Used to determine the acceptable account type for the bank credit. Account type field contains the following fields:
- Spot Loan
- Debtor Standing Credit (Revolving)
- Discount - Credit of Redemption Bills
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Bank Code (Commercial): Used to select the commercial account code for the credit. "…" symbol is clicked to list the bank accounts and the appropriate commercial account is selected for the credit.
When the bank account codes are selected, bank account numbers and currency types (defined in the bank account card) are transferred to the related fields automatically.
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Back Payment Plan: Used to determine the back payment plan for the Debtor Standing Credit (Revolving) and Discount - Credit of Redemption Bills account types. Defined payment plans are listed and the appropriate one is selected for the accounts.
Payment plans for the Credit type bank accounts are recorded by Back Payment Plans located in the F9/right mouse button menu of the Bank Accounts List.
The bottom fields of the card are used to record credit amount, interest rate to be applied, BITT / RUSF
rates, surcharge and commission amounts.
Loan Limit amount and Loan Margin information (defined in selected bank account card for the credit) have to be considered when recording the credit definition.
When Credit Against Check is received, the collateral is calculated according to check loan limit and check loan margin rates, when Credit Against P. Note is received, the collateral is calculated according to p. note loan limit and p.note loan margin rates.
The indicated amount in bank credit card is compared with the usable credit amount in bank account card. In case the usable credit amount is exceeded, program warns the user with a warning message.