Batch User Guide produced by CRIF - Janata Bank

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Specifically, the „Monthly Instalment Amount‟ of an instalment loans with irregular payments is simply calculated by taking the total amount financed and this figure is divided by the total number of months of the loan. For example, assume we have an instalment loan granted in January 1 st 2008, where the final expiration is in December 31 st 2008, and the total amount of the loan is 120,000,000 taka. Regardless of what the individual payments are, and when they occur, the „Monthly Instalment Amount‟ will be 120,000,000 / 12 = 10,000,000 taka. This is the same behaviour applied to any instalment contract that is not repaid on a monthly basis. Once the Monthly Instalment Amount is determined, you need to remember to set “Periodicity” to the correct one (using „I‟ if it is irregular). Next you need to correctly fill the „Amount of Next Expiring Instalment‟ and the „Expiration Date of Next Instalment‟. The correct way to fill these out depends on the specific situation: If the actual amount and Expiration Date of Next Instalment of a future irregular payment is known more than one month in advance, both should be reported (see Example 1). In case the irregular payment is not known in advance there are two different scenarios. o The first is if the customer still pays a regular monthly payment and occasionally they pay irregular payment. In this case both fields „Amount of Next Expiring Instalment‟ and 'Expiration Date of Next Instalment' should be blank until the irregular payment is known (see Example 2). o In the second case, i.e. the customer does not pay any regular payments between irregular payments, the field 'Amount of Next Expiring Instalment' should be set to 0 (zero) and the field 'Expiration Date of Next Instalment' should be set to a valid date (next month). If the date is validated, any amount that is reported as zero means that there was 'no payment' for that date (see Example 3). Example 1: irregular payment known in advance Accounting Date Monthly Instalment Amount Amount of Next Expiring Instalment Expiration Date of Next Instalment 31/01/2008 500,000 1,000,000 30/04/2008 29/02/2008 500,000 1,000,000 30/04/2008 31/03/2008 500,000 1,000,000 30/04/2008 30/04/2008 500,000 2,000,000 30/10/2008 … … … … Example 2: irregular payment not known in advance; customer pays regular installments Accounting Date Monthly Instalment Amount 31/01/2008 500,000 29/02/2008 500,000 Amount of Next Expiring Instalment Expiration Date of Next Instalment 31/03/2008 500,000 2,000,000 30/04/2008 30/04/2008 500,000 … … … Example 3: irregular payment not known in advance; customer does not pay any regular installments Accounting Date Monthly Instalment Amount Amount of Next Expiring Instalment 86 of 92 Expiration Date of Next Instalment 31/01/2008 500,000 0 29/02/2008 29/02/2008 500,000 0 31/03/2008
31/03/2008 500,000 1,000,000 30/04/2008 30/04/2008 500,000 0 31/05/2008 … … … Please notice that in our examples the Instalment Amount was always set to 500,000. This doen‟t mean that each month 500,000 were due by the Borrower. Quite the opposite, as the actual amount paid can be seen in the Amount of Next Expiring Instalment column. Rather, the 500,000 taka is the calculated Monthly Installment Amount taken by dividing the total Financed Amount divided by the months of duration of the loan. 87 of 92
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Userguide Manual - Batch Monthly Co
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5.4.14 TABLE REAL GUARANTEE TYPE __
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Added section 5.2.1, 5.2.3, and 5.2
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New Credit Line Data - New Contract
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3.4 WHY SHOULD I SEND REQUESTS One
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Therefore, please make sure that ev
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4 INSTRUCTIONS FOR DRAFTING DATA CO
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assumes some changes in the month o
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4.2.1 FTPS The monthly contribution
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for Alphanumeric Fields: right padd
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Table - Country Code This list stat
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FROM TO FIELD NAME COMMENTS TYPE Ma
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avaliable/not available available,
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166 166 Sector Type the field is ma
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801 801 National ID Number avaliabl
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173 184 T.I.N. Taxpayer Identificat
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and footer rows) Data Length 27 28
Page 35 and 36: Please note that the order in which
Page 37 and 38: The Column “TO” provides the po
Page 39 and 40: 84 91 Date of Last Payment The date
Page 41 and 42: Body for Record Type: Cards contrac
Page 43 and 44: data belong 9 24 F.I. Subject Code
Page 45 and 46: 108 117 Error Code See table errors
Page 47 and 48: Q T C S Y I quarterly instalments-9
Page 49 and 50: 034 Merchandise Export Commodities
Page 51 and 52: 113303 Bangla Academy 113304 Bangla
Page 53 and 54: 121710 Ansar-VDP Development Bank 1
Page 55 and 56: 909299 Others 909100 Insurance Comp
Page 57 and 58: BU MC BC BB MS TR PH MP MT FI BS PC
Page 59 and 60: 2102 Electric / Electronic Goods (F
Page 61 and 62: 8412 Chemicals (except Medicine) 84
Page 63 and 64: EL SALVADOR EQUATORIAL GUINEA ERITR
Page 65 and 66: NORWAY OMAN PAKISTAN PALAU PALESTIN
Page 67 and 68: AWG AZN BAM BBD BDT BGN BHD BIF BMD
Page 69 and 70: NIO NOK NPR NZD OMR PAB PEN PGK PHP
Page 71 and 72: Jhalokathi Jinaidaha Joypurhat Khag
Page 73 and 74: 4 053 Multiple headers in Subject f
Page 75 and 76: 10 157 Total financed amount = [0]
Page 77 and 78: 10 345 Contract refers to subject i
Page 79 and 80: Company 1: Individual 2: 79 of 92
Page 81 and 82: Contracts file: Non instalment Cont
Page 83 and 84: Subject information for Proprietors
Page 85: Please note: this does not apply to
Page 89 and 90: epay a non instalment loan that is
Page 91 and 92: - Contract Type = must be the same
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