Deposit contract adjustments

You can manually initiate contract interest accrual adjustments in order to correct bank errors.

There are 2 adjustment types:

• Booking - An adjustment that posts an event that either increases or decreases the balance.

• Reversal - A cancellation of the original adjustment by reversing it.

Create new booking adjustment

1. Find the contract in question.

2. Click the Contract header to open the contract information.

3. Select the Adjustments option from the content menu.

4. Click the Book new adjustment button and fill in the adjustment details:

• Component and event:

  • INTEREST_DECREASE - to decrease the interest.

  • INTEREST_INCREASE - to increase the interest.

• Value date rule - Approval date is the only allowed value.

• Amount - Enter the adjustment amount and currency.

• Details - Enter the adjustment details.

1. Click the Save button.

Search contract adjustments

1. Find the contract in question.

2. Click the Contract header to open the contract information.

3. Select the Adjustments option from the content menu.

4. Click the Search button to find the existing contract adjustments.

5. Click the Adjustment ID to access the adjustment booking details.

Reverse booking adjustment

1. Find booking adjustment.

2. Click the Adjustment ID to access the booking details.

3. Click the Reverse button.

1. Enter the Details for the Deposit adjustment reversal, click Save.