Bank Facilities
The kinds of facility a bank can give: a guarantee line, a letter of credit line, a running finance. Each has a group, a nature and a general ledger account. A Bank Facility Agreement then sets a limit per facility for one bank.
What it is for
It names each kind of facility once. Agreements, guarantee requests, guarantees and letters of credit pick from it.
Every field in plain words
| Field | What it means | What to put |
|---|---|---|
| Facility | The code | Such as LG or LC. Required |
| Name | The name | Required. Kept per language |
| Facility Group | The group it belongs to | From Bank Facility Group. Where a screen asks for a group first, only that group's facilities are offered |
| Facility Account | The general ledger account for this facility | Recorded only. No document posts to it |
| Facility Nature | The nature of the facility | Picked from the list |
How to configure it
The screen allows Create, Edit and Delete.
What it is connected to
- Bank Facility Agreement - limits per facility per bank.
- Letter of Guarantee, Request for Letter of Guarantee, Letter of Credit.
If something looks wrong
- The facility is not offered on a guarantee. Its Facility Group differs from the group picked on the guarantee, or it is blocked.