Payoff: Administrative Data

Use

On this tab page you can enter details of the payer and the payment data and define the posting control and a dunning lock.

Procedure

  1. You can set the incoming payment distribution block in the Payer(ee)/Payment Data section. The system sets this block automatically when you activate or post the notice. The block prevents the open items for the loan from being cleared automatically by incoming payments. Instead the system posts incoming payments to the contract as overpayments, provided that it cannot be posted to other loans at the same incoming payment distribution level. It is still possible to process direct debits and payment postprocessing.

    Note Note

    You can define a default proposal for the Incoming Payment Distribution Block in the IMG activity Define Template.

    End of the note.

    You can use the Incoming Payment indicator to have an incoming payment generated automatically when the payoff is posted, for example if you intend to withhold the payment from an employee's salary.

    Note Note

    You can define a default proposal for the Incoming Payment field in the IMG activity Define Template.

    End of the note.

    You can use the Payment Data According to Conditions field to copy payment data from the conditions, such as the payer and the partner bank details, for the flows for the proportional and regular installments.

    If you set the IBD Block by Payoff indicator the system prevents the open items in the loan from being cleared automatically by incoming payments. This payment block affects the documents generated in connection with the payoff.

  2. In the Other Data section you set the Posting Control indicator to determine whether the debit items are generated from the planned records automatically or manually.

    Note Note

    You can define a default proposal for the Posting Control in the IMG activity Define Template.

    End of the note.

    If you want to exclude the entire loan contract from the dunning run, set the Exclude from Dunning indicator.

    Note Note

    You can define a default proposal for the Exclude from Dunning indicator field in the IMG activity Define Template.

    End of the note.

    In the Status you enter the communication status of the payoff quote.

    Note Note

    You define the possible communication statuses in Customizing for Loans Management in the IMG activity Define Communication Status (under Payoff for Installment Loans ).

    You can also use the communication status to determine whether or not a payoff quote can be changed subsequently. As soon as the payoff quote has been communicated to the customer, it should no longer be possible to change it.

    End of the note.

See also

Payoff for Installment Loans