# Create loan contract payout parameters Here are the parameters for the loan contract payout. Mandatory fields are marked with a red asterisk (\*).
Field nameDescription
Payment channel *Select the payment channel name.
Counterparty name *

Enter the counterparty name.

Note: This field is not mandatory for ACCOUNT-API payment channel.

Beneficiary account ID *

Select the beneficiary account number.

Note: This field appears only when the payment channel is selected as ACCOUNT-API.

Beneficiary account number *

Enter the beneficiary account number.

Note: This field appears only when the payment channel is selected as TRUSTLY.

Bank code *

Enter the bank code.

Note: This field appears only when the payment channel is selected as TRUSTLY.

Payment amount *Enter the payout amount.
Payment reference numberEnter the payment reference number.
DetailsEnter the payout details.
Schedule re-generation rule *

Select the schedule regeneration rule. The available options are the following:

  • FIXED_LENGTH - the contract scheduled length remains the same as in the original contract version.
  • FIXED_PAYMENT - the amount of instalments remains the same as in the original contract version.
  • FIXED_PAYMENT_LENGTH - the amount of instalment and the contract length remains unchanged; the difference between the amounts after re-generation is assigned to the last payment in the loan repayment schedule - fixed payment length rule.
Value date *

Select the value date by clicking on the existing date field to open the calendar, then choose the desired date.

Note: This field appears only when the payment channel is selected as MANUAL.