|
Type
|
Choose type of document type. We can choose between:
- Credit (loan): A loan is the lending of money from one individual, organization or entity to another individual, organization or entity at an interest rate.
- Financial Lease: financial lease or capital lease is a type of lease in which company is the legal owner of the asset during the duration of the lease, while the lessee has not just operating control over the asset, but also in addition has a substantial share of the economic risks and returns from the change in the valuation of the underlying asset. The lessee will have use of that asset during the lease and will pay a series of rentals of instalments for the use of that asset, and the lessee has the option to acquire ownership of the asset (e.g. paying the last rental, or bargain option purchase price).
- Operating Lease: An operating lease is a lease whose term is short compared to the useful life of the asset or piece of equipment being leased. It is commonly used to acquire equipment on a relatively short-term basis. At the end of an operating lease, the lessee has several possibilities: return of the equipment, purchase of equipment at their market value, rental of equipment.
- Bank Guarantee: It is a guarantee from a lending institution ensuring that the liabilities of a debtor will be met. Or in other words, if the debtor fails to settle a debt, the bank will cover it.
|
|
Repayment Type
|
Choose repayment type:
- Equal Annuity: This is repayment amount which consists from principal and interest. Each month annuity is the same amount through repayment period.
- Equal Repayment: The equal part of principal through repayment period.
- By payment plan: A payment plan is established, according to which instalments are repaid
|
|
Interest Rate Calculation Method
|
Choose interest rate calculation method:
- Monthly
- Monthly – Avg Days
- Continuous Compounding
- Continuous Compounding (EOD)
- Continuous compounding by month
|
|
From our account
|
Default account for paying payment order.
|
|
LCY transaction
|
Default document type for transaction for local currency.
|
|
Foreign Transaction
|
Default document type for transaction for foreign currency.
|
|
Fill in DR reference
|
Choose between:
- N- None
- T- External no. of contract
- 1- Document 1
- 2- Document 2
- S- Reference
When making the choice, it is important to ensure that the reference used is appropriate to the valid payment reference.
|
|
Add instalments No. to reference
|
Option to add number of instalments to reverence
|
|
Fill in CR reference
|
Choose between:
- N- None
- T- External no. of contract
- 1- Document 1
- 2- Document 2
- S- Reference
When making the choice, it is important to ensure that the reference used is appropriate to the valid payment reference.
|
|
Add instalments No. to reference
|
Option to add number of instalments to reference.
|
|
Purpose code
|
Purpose code for newly creating payment orders
|
|
Doc. Type for Creating Invoices
|
Default document type for creating invoices.
|
|
Item for Loan/Lease Interest
|
Enter item for interest on loans
|
|
Item for Contract Value of Loan/lease
|
Enter item for contract valued on loans/lease
|
|
Currency
|
Enter currency for newly documents
|
|
Bank for Exchange Rate
|
The bank and the exchange rate to be used on the credit lease if it is not in the primary currency.
|
|
FX rate source
|
Choose between:
- Document date
- Target date
- Document FX rate
|
|
Insurance Prepayment
|
Enter insurance which will be multiplied on individual instalments
|
|
Maintenance fee
|
Enter maintenance fee which will be multiplied on individual instalments
|
|
No. of instalments
|
Enter number of instalments for present documents, which can be changed later.
|