Credits obtained from Eximbank through domestic banks are recorded using the Eximbank Credits Slip. This credit is granted by Eximbank to domestic banks. And the banks offer the credit to their customers. Companies communicate the materials committed for export to the banks for the Eximbank credit. The commitment closing of EXIMBANK credits are performed by comparing the materials on the Customs Declaration Form with the materials committed by the company to the bank, and the transaction is performed according to CT numbers and material prices.
The export operation slip must be selected on the material lines since Eximbank credits are granted based on the CT code. Eximbank credits process the FOB unit price.
Credit Closing is performed using the fields of the Export Operation Slips and Export Registered Sales Invoices. Eximbank Credits are closed over the Material Amount and the related currency type.
In order to record export credits from Eximbank, first Eximbank Credit option is selected on the Record Type field of the Export Credits list. Then the "New" option is clicked.
The following information is recorded using the Eximbank Credit Slips:
Credit Code: The field used to enter the tracking code of the Eximbank credit.
Credit Description: The name or description of the Eximbank credit.
Aux. Code: A secondary code field used to classify slips. Contains 10 characters. The Aux. Code is used to classify slips by company specific criteria. The user can use this field to record any necessary information that is not included in the slip.
Authorization Code: Used to define detailed authorizations. The string is 10 characters long. Each user may be authorized to use different records depending on job definitions. A planning process must be performed for detailed authorization definitions. First, slips to be accessed or processed by each user or user group should be specified. Then, separate authorization codes are assigned to slip groups accessible by each authorization group. Slip based encryption can be performed by authorization code. In this way, only the users who log in with the specified authorization code can access and process the slips.
Status: The field used to specify the status of the credit (active or closed).
Bank Code: The field used to select the bank by which the credit is granted.
Account Nr: This field is used to specify the account number in the bank by which the credit is granted.
Obtained Date: The field used to enter the date the credit is obtained.
Due Date: The field used to enter the due date of the credit.
F. Currency Type: The field used to select the currency type of the credit.
Amount: The field used to enter the amount of the credit.
Closed Amount: The field used to specify the closed amount of the credit.
Remaining Amount: The field used to specify the amount remaining for the credit to be closed.
Interest Rate: This field is automatically updated with the interest rates entered on the Eximbank Credit lines.
Interest Amount: This field is automatically updated with the interest amounts entered on the Eximbank Credit lines.
Customs Tariff Number of Exported Materials: The field used to select the CT number of materials committed for export in the Eximbank credit.
Customs Tariff Name of Exported Materials: The field used to select the name of the materials committed for export in the Eximbank credit.
Quantity: The field used to enter the quantity of the materials committed for export in the Eximbank credit.
Unit Set: The field used to select the unit set of the materials committed for export in the Eximbank credit.
Unit: The field used to select the unit of the materials committed for export in the Eximbank credit.
FOB Amount: The field used to enter the amount of the materials committed for export in the Eximbank credit.
Interest Amount: The field used to enter the interest amount of the materials committed for export in the Eximbank credit.
Closed Quantity: The field used to enter the closed quantity of the materials committed for export in the Eximbank credit.
Remaining Quantity: The field used to enter the remaining quantity of the materials committed for export in the Eximbank credit.
Closed Amount: The field used to enter the closed amount of the materials committed for export in the Eximbank credit.
Remaining Amount: The field used to enter the remaining amount of the materials committed for export in the Eximbank credit.
Eximbank Credit Closing Info
Foreign currency credits are closed over the total amount of the export operation slip. The closing transaction is performed by selecting the foreign currency credit to be closed on the slip detail window. The FOB amount of the export operation slip is deducted from the foreign currency credit amount, and the remaining amount is entered on the field.
Materials on the slip lines are compared with the materials committed by the company for export for the credit are matched during Eximbank credit closing transactions. The required Eximbank credit code is selected on the line. The line amount is deducted from the amount of the selected Eximbank credit and displayed on the Eximbank remaining amount field.
The unit sets of the materials committed for export in the Eximbank credit and the material on the line must be equal. The closing transaction is blocked if the unit sets of the slip line and the Eximbank line are different.
Amounts processed in closing transactions are the foreign currency amounts of the credit.
Fields of a credit selected for any slip cannot be modified.
Closed credits cannot be linked to another slip.