PD against overdraft Account

  • mkht24all
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12 years 1 month ago #10511 by mkht24all
PD against overdraft Account was created by mkht24all
How we can configure PD for overdraft account and is its functionality is same as available for LD, MD etc

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12 years 1 month ago #10517 by durai611
Replied by durai611 on topic Re: PD against overdraft Account
In PD.PARAMETER, a record has to be created with Id as AC to reflect the unauthorised overdrafts in Account, also in account liquidation mode has to be specified.

Whenever there is an overdraft in the account, during overnight COB, PD is created for that overdraft amount and it's repaid when there is excess amount in the account during the consecutive COB.

Like contracts, for accounts penalty interest are not calculated in PD, its done in Account itself.

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12 years 1 month ago #10519 by mkht24all
Replied by mkht24all on topic Re: PD against overdraft Account
i have an overdraft account and a limit attached. for interest liquidation we have a Non checking account. if enough funds not available in liquidation account then require a PD to be created for the interest accrued. How we can achieve this ?

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12 years 1 month ago #10521 by durai611
Replied by durai611 on topic Re: PD against overdraft Account
If liquidation mode is set in liquidation account then PD record is created for the overdrawn amount for all accounts that are attached to limit or not. You can even check the ACCOUNT.OVERDRAWN file created for this liquidation account after COB.

If I am not mistaken, system will create PD for the overall overdraft amount done on the account and not specific to the interest capitalisation amount.

I am also bit confused on your query of "PD to be created for the interest accrued".

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12 years 1 month ago #10522 by mkht24all
Replied by mkht24all on topic Re: PD against overdraft Account
yes you r right. this is same as given in manual. but we are looking for some way out to create the PD for only interest part accrued on OD accounts.

Thanks for the support

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12 years 1 month ago #10525 by mkht24all
Replied by mkht24all on topic Re: PD against overdraft Account
is it possible to suspend the income and its reversal in PDAC cases

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12 years 4 weeks ago #10532 by durai611
Replied by durai611 on topic Re: PD against overdraft Account
As of I know, it's not possible.
If you suspense the income, then it's parked in the suspense amount field of account.

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12 years 4 weeks ago #10533 by mkht24all
Replied by mkht24all on topic Re: PD against overdraft Account
thanks Mr. Durai

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11 years 11 months ago #11192 by realfunny
Replied by realfunny on topic Re: PD against overdraft Account
HI,i think you should not config PD to Overdraft acct because PDAC will not disappear when LIMIT expired. --> You have to delete manually. :(

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11 years 10 months ago #11433 by imi
Replied by imi on topic Re: PD against overdraft Account
Try using PD.CAPTURE to manually create a past due. Not sure if this answers your question...

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11 years 10 months ago #11435 by durai611
Replied by durai611 on topic Re: PD against overdraft Account
His requirement is to create PD for interest amount alone for an account, which is not possible.

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