Manikandan Narayanan
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Articles
Recent activity by Manikandan Narayanan-
Transferring the Financed Party
The 'Transferring the Financed Party' is used to replace the financed party of the contract including the necessary rebooking of liability. The Liability is booked out of the account of the Old par...
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Closing Loans
The Created Loans can be closed at any time for several reasons. To Close an existing Loan contract, TRTCAN transaction is used. Select it from the menu item[Financing Products -> Loan -> Other...
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Settling Charges in Loans
The system allows the user to manually settle fees and commissions independently outside the transaction and the Rebooking is made during the Settlement of Fees. To do Settling Charges for the e...
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Shipping Guarantee
'Shipping Guarantee' refers to a written guarantee for picking up the goods in advance, which is issued by the bank to the ship company/freight carrier upon the request of the customer (importer), ...
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Syndication
Syndication is financing provided by a group of lenders for a single borrower. A syndicated loan, or a syndicated bank facility, is financing offered by a group of lenders called a syndicate w...
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Liability Adjustment for Loans
The 'Liability Adjustment' is to adjust the internal entries on the Liability Panel for the Loan contracts. The 'Booking Amount' field changes the Liability amount without creation of new Amendmen...
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Reimbursement Claim for Loans
'Reimbursement Claim' means a request for reimbursement from the claiming bank to the reimbursing bank. In the Letter of Credit arrangements, the reimbursing bank is the bank that serves as a sourc...
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Commissioning for Loans
The Commission plays a vital role for every transactions. The banks will receive the commission for their service provided on each of the transactions. This commissions are calculated and settl...
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Past Due Loan
'Past due' refers to a payment that has not been made by its cutoff time at the end of its due date. A borrower who is past due will usually face some penalties and can be subject to late fees. Fai...
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Repaying a Loan
The trading loan is any financing that is provided for the purpose of conducting domestic and/or international trade between a buyer and a seller. Banks and financial institutions can be the provid...