On
account Opening
1. Use
option LODGE
2. Enter
correct values for all fields on General Tab
3. Give
Stock value on Net Value Tab.
4. Particular
Tab
a. Review
Date – Give next month end date of the month for which Stock Statement is
received (for e.g. a/c opened in January
16 with Stock Statement of 31st December 2015 give Review Date as 31st
January 2016)
b. Due
Date – will be arrived by adding grace period to stock statement date. If in
above case grace period is 10 days the due date will be 10th January
2016. If grace period is 20 days then due date will be 20th January
2016.
c. Received
Date- Date when stock statement is received from borrower.
d. Apply
Penal Interest – Should be ticked
e. Frequency
for Statement- Depends on frequency of stock statement. If stock statement is
to be submitted monthly before 10th of next month then frequency
will be
|Monthly| | |
10|Next day or Previous day|
On
receipt next stock statement (For 31st January 2016)
1. Use
option SUBSTITUTE
2. Go
to Net Value Tab and update stock value as per stock statement received
3. Go
to Particulars Tab –
a. Update
field Review Date as 29th February 2016 (next month end date of the
month for which Stock Statement is received)
b. Update
Received date (Date on which stock statement is received)
c. Due
Date will be auto populated by system as per Due Date and Frequency given at
time of lodgement of 1st Stock Statement. (In the current case Due
Date will be 10th February 2016)
On
receipt of three stock statements after gap of few months
After
stock statement of 31st January 2016 borrower submits stock
statement of 29th February 16, 31st March 2016 and 30th
April 2016 on 10th May 2016.
1. Use
option SUBSTITUTE and fist update stock statement of 29th February
2016 with received date as 10th May 2016.
2. Get
this entry verified
3. Again
use option SUBSTITUTE and update stock statement of 31st March 2016
with received date as 10th May 2016.
4. Get
this entry verified
5. Now
again use option SUBSTITUTE and update stock statement of 30th April
2016 with received date as 10th May 2016.
6. Get
this entry verified
If
user has updated wrong stock value
1. Use
option MODIFY
2. Select
the record for correction
3. Go
to Net Value Tab and update correct stock value as per stock statement received
If
user has wrongly entered stock Review date/ Due Date
1. Use
option MODIFY
2. Select
the record for correction
3. Go
to Particulars Tab and tick ‘Withdrawal’
4. Verify
5. Use
option LODGE to enter the stock statement again with correct Review Date/Due
Date
On
modification of Terms and Conditions on Review of account
1. Use
option MODIFY
2. Go
to General Tab and change the values of Ceiling Limit, Margin etc. as per fresh
sanction
If
stock is entered through limit node
1. Withdraw
all active stock statements attached to account
2. Lodge
fresh stock statement with linkage type as LIMIT NODE along with LIMIT ID
3. Establish
proper link between the account and limit node (Attach Limit Node to account
using menu HACLHM / ACLHM – Drawing power Indicator as P and Limit ID of Limit
tree for this account)
Source : from mail of bank of baroda