An amount that is in the form of debt given out by a financial organization to another firm or an individual in exchange for the future repayment of the same amount along with interest over a period is known as 'Loans'.
A 'loan' that has been granted for a certain period where the capital remains outstanding over the whole period and is intended to be paid back in full. Interest is calculated in arrears. In addition, the application supports interim settlement, interest collection and extension of the loan. For all loans prepared in connection with a main contract, it is possible to create a loan in some other currency than that of the superordinate contract.
An Loan can also be opened directly (without having a parent contract) using TRTPOP transaction. No interest will be calculated in this transaction. This transaction is used to pre-open an Loan on a standalone basis.
Select it from the menu item[Financing Products -> Loan -> Main -> Pre-Open a Loan].
(Users can directly start this transaction by clicking the (Launch transaction ) available in the Panel headline without having to select the relevant menu)
When you have made your changes, click on the ( ) Save function to save all the the data entered in the transaction to the database.