Credit Line Detail
The information for a specific credit line is contained in that line’s credit line detail.
To view the detail of a credit line, query a line of credit loan and
The specific data for the credit line is configured on the tabs.
The Main tab of the credit line detail contains data regarding how much can be drawn against that credit line and in what increments.
Figure - Credit Line detail dialog. Some fields described below are context sensitive and may not appear on all dialogs.
|Name||The name given to identify the specific credit line reserve|
|Description||A description of what the reserve is to be used for|
|Transaction Code||The indicated transaction code, when run against the loan will automatically draw from this particular credit line reserve. The same transaction code can not be designated for multiple reserves on the same loan. For more information regarding setting up transaction codes for different kinds of draws on reserves, see Linking Transaction Codes for Draws to Specific Credit Lines.|
|Credit Line Limit||The amount of credit earmarked for this particular reserve|
|Draw Limit||The maximum total draw available for this particular reserve|
|Max Draw Amount||The maximum amount which may be taken as a draw in a single transaction|
|Min Draw Amount||The minimum amount which may be taken as a draw in a single transaction|
|Max # of Draws||The number of times a draw transaction for this credit line may be run. A value of zero indicates no specific limit.|
|# of Draws||The number of times that a draw transaction for this credit line has been run.|
|Use Payoff for Availability Calc||
When selected, the maximum amount that can be drafted will be limited by the credit line limit minus the current payoff amount which may include outstanding interests and fees. When not selected, the account can be drafted up to the credit line limit regardless of outstanding interests or fees.
ExampleWith a 10,000 credit line, 5,000 principal, and 500 interest:
With option selected: the maximum that can be drawn will be 4,500.
Without option selected: the maximum that can be drawn will be 5,000.
The Overdraw tab of the credit line reserve contains configuration that controls how the loan will respond to an advance which exceeds the amount in the reserve.
The overdraw threshold controls how much over the credit limit a draw is allowed to go and still allow the advance to take place
The overdraw fee controls how much to charge in the event that the credit line reserve is over-drawn. The threshold allows the advance to take place, but a fee may be imposed.
The Fee tab of the credit line reserve setup is used to set a fee that is assessed for all draws.
|Amount||The specified fixed amount of the fee|
|Percentage||The percentage of the amount of the draw|
|Transaction Code||The transaction code to be used in assessing the draw fee. TC 152 - Credit Line Advance Fee is a standard transaction code designed for this purpose, though other transaction codes could be configured.|
The Options tab contains several options flags for controlling functions of a credit line reserve.
|Include Draw in “Last 3 Draws”||In general, the last three draws for the entire credit line are shown on the credit line information screen in loan query. This option allows the draws from a specific credit line reserve to be either included or excluded from that list.|
|Expired reserve added back to the Main Credit Limit||If a particular credit line reserve reaches its draw until date, any portion that has not been drawn is allocated back to the main credit line.|
|Act as interest reserve, offset interest billings||The reserve account will be used to offset the interest billing if there is enough funds in the reserve account.|