Loan ( change in exchange rate of disbursement)

[Former Member]

Hiii experts..

I have entered a Forex loan & have made many interest payments along with the clearing. In the meanwhile i got to know that my exchange rate entered for disbursement is wrong . I want to rectify...I s there any solution apart from reversing the all interest & disbursements & then redoing again.....a quick reply will be appreciated

Thanks

Saurabh gupta

[Former Member]

thanks

[Former Member]

Hi,

As per standard the change is disbursement flow must be possible once all the previous flows are reversed from FI posting.

As a straight line solution, you can reverse all the interest/installment postings and correct the disbursement rate. I do not see any other method to rectify the amount in Local currency at Loan contract level.

Regards

Prasad AV