Download Oracle FLEXCUBE Universal Banking

Note
You will be allowed to specify whether automatic status change should be in the forward
or reverse direction in the Status Maintenance screen, only if you specify that automatic
status change is allowed.
Auto Liquidate
The components of a bill can be liquidated automatically or manually. In the Bills - Product
Preferences screen you can indicate the mode of liquidation. The preference indicated for the
product involved in the bill, will be defaulted. You can change the default.
If you choose the automatic mode of liquidation, the bill will be automatically liquidated, on the
day it falls due, by the Contract Auto Liquidation function run as part of the BOD processing.
If a bill for which you have specified auto liquidation matures on a holiday, the bill will be
processed based on your holiday handling specifications, in the Branch Parameters table.

If you have specified that the processing has to be done on the last working day before
the holiday, a bill maturing on a holiday will be liquidated during the EOD processing, on
the last working day before the holiday.

If you have specified that the processing, has to be done only up to the system date,
then the bills maturing on a holiday will be processed on the next working day after the
holiday, during the BOD process
If you do not specify auto liquidation, you have to give specific instructions for liquidation
through the Manual Liquidation screen, on the day you want to liquidate the bill.
Link to Loan
Check this box if you want to link an export bill contract to a loan. This is defaulted from the
product level. You are allowed to modify this.
Advance By Loan
Oracle FLEXCUBE provides the facility to book a loan through the Bills module. Check this
option to book a loan while liquidating the import bills. Once you have selected this option, you
need to specify the loan product and the bridge GL in the consecutive fields.
Note
You are allowed to create a loan only for import bills that are of Acceptance type and for
Usance and Sight import bills for both under LC and not under LC. In BC module, creation
of the loan is possible only at the time of Final liquidation and not during Auto or Partial
Liquidation.
In case you delete the Bill, the loan that is created through the bills contract will also be
automatically deleted. However, deletion o the loan alone is not possible. In case of reversal
of a bill, the system displays an override.
You cannot authorize the new loan contract outside the bill contract. When the liquidation of
the bill is authorized, the loan also gets authorized.
Allow Rollover
Specify whether the Bill contract can be rolled over into a new bill. This field is enabled only if
you have opted for the rollover option at the product level. You can choose to change this
option during initiation or amendment of the Bill.
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