Support ›› Manual ›› Credit Management ›› Operations ›› Recurring Procedures ››
Loan Arrearages Recovery.
Use this sub-module to recover loan arrears from members savings account.
To access this window, click :Credit Management - > Operations - > Recurring procedures- >Loan Arrearages Recovery.
The following screen will open up :
Arrearages Recovery Fig 1.
Arrears Recovery :
On the above screen :
Posting Period - Select the correct posting period by clicking on the posting period look up icon and picking the correct one.
Month - Select the appropriate month for which the standing order is to be executed from the drop down menu :
Arrearages Recovery Fig 2.
Priority - Select the relevant recovery priority from the drop down menu :
Arrearages Recovery Fig 3.
Execution Filter - Select the appropriate execution filter from the drop down menu :
Arrearages Recovery Fig 4.
Standing OrderTrigger - Select the appropriate trigger from the drop down menu :
Arrearages Recovery Fig 5.
Check this if the value date is to be enforced on the standing order execution action.
NOTE: Depending on the selected execution filter - either employer, customer or credit type - the first tab (circled in red below) will always display the specific one selected.
Arrearages Recovery Fig 6.
Select the customers whose standing orders are to be executed by checking against the respective one.
Use the toggle selection flag
if all listed customers are to be affected by the standing order execution action.
Select the applicable product to be affected by the standing order execution for every financial product category :
i) Loan Products :
Arrearages Recovery Fig 7.
ii) Savings Products :
Arrearages Recovery Fig 8.
iii) Investment Products :
Arrearages Recovery Fig 9.
Click on the update button to effect the standing orders execution.
On successful completion you will get a pop up message confirming that the operation was successful.
Created with the Personal Edition of HelpNDoc: Single source CHM, PDF, DOC and HTML Help creation
All Rights Reserved.