Clearing down payments is a way of reducing the true receivable sponsor balance with a posted down payment. Posted down payments represent amounts received from drawdowns or requests from sponsors and are not part of the sponsor balance. However, clearing down payments against the receivable would accurately reduce the sponsor balance.
Account Enter the sponsor account number.
Do not change. Enter A to access the posted down payments. None To indicate that no other fields will be displayed. Depending upon the color schemes that is set for your computer, selected items for clearing appear in red. Some items will be automatically selected or deselected.