Disburse Contract
Application component: Consumer and Mortgage Loans
App type: SAP GUI
Description:   You enter disbursements for loans given and loans taken using the Disbursement function.  For loans taken, you use the disbursement function to enter the expected or received incoming payment. The actual disbursement amount is not transferred to the borrower’s bank account until later, when the amount is transferred using either payment program (if the disbursement is posted to a customer account) or the account is processed manually (if the posting is not made to a customer account). In the second case, the posting is usually made to a bank clearing account. Contracts that are not managed on the basis of customer accounts are mainly to borrower’s note loans, while other loan types are generally posted to customer accounts (open item management). Interest on a loan is calculated once the first disbursement is posted, in other words, when the first disbursement is saved. You can post a loan completely (full disbursement) or in several partial disbursements. If several partial disbursements are made within the same interest period, you can specify whether interest is to be calculated for each disbursement on a pro rata basis (interest per disbursement) or on the basis of the balance of the current interest calculation capital (balance method). You make these settings in Customizing for Loans by choosing Define Product Types .  If you use the balance method, no interest flows are generated for posted interest periods in which partial disbursements are entered. When you create the first disbursement for a loan, you call up the entry screen for disbursement data. If you have already created one or more disbursements, the system displays an overview screen of these disbursements, including the payment and calculation dates as well as their status. When you disburse a contract, the process involved usually comprises several steps depending on the release procedure you have selected. If you have activated the release procedure, disbursements cannot be posted directly upon entry in the system. The disbursement is initially saved in status F (to be released). The clerk responsible has to release the disbursement before it can be posted. Once released, the disbursement has planned status P and can actually be posted. If you make changes to a disbursement that has already been released, the disbursement needs to be released again. The following restrictions apply for each loan contract: You can only change the last disbursement you entered in the system. Only one disbursement can exist with status to be released .  You can enter an unlimited number of partial disbursements in planned status.  You can only enter one disbursement per payment date. You cannot enter a disbursement with an earlier payment date than the payment date of the disbursement you last entered. You can post disbursements in a different order than they were entered. However, you can then no longer change earlier disbursements.  If you want to use a release procedure for loan disbursements, you can apply the multiple control principle, involving either two, three or four employees. A disbursement can only be released if every clerk responsible has released the loan individually. When you post a disbursement, a dialog box appears in which you can change the proposed posting date. The system defaults to the payment date of the disbursement. Confirm the entries in this dialog box to make the posting. You can still change the disbursement before you make the posting. The posting activity automatically generates the corresponding posting in Financial Accounting (FI) and in the loans subledger. If the posting is made to a customer account, the open items in accounts receivable are also generated. The system generates and displays a log of the related posting. For more information, refer to Mortgage Loan: Processing .  
Business roles: Loan Officer
Loan Officer : 
Is responsible for processing the loan at all stages - from the application/offer to the contract, and then on through to repayment. Manages the current contract and business partner data.