The screen of this transaction will be displayed once user has selected the transaction code = '01210 - Full Redemption' at the 'Front Desk' function, and clicked once on the button.

This transaction function basically allows user (usually the tellers) to collect redemption amount in the account currency from borrower to fully settle the principal outstanding of a credit facility with other outstanding amount, e.g., profit in lieu of notice, and the penalty interest arising from settling the principal outstanding within the bonding period.

This function also allows users to perform full redemption for other branches (interbranch transaction). However, the access rights to do is dependent on the related security settings pre-maintained in the system.

Related daily transaction accounting entries will be raised upon each end-of-day (EOD) periodic process.