LIQUIDACIÓN PÓLIZA DE CRÉDITO

We'll see how a financial institution (bank) settles our credit account or line of credit. In the video example, February has 28 days. Steps: 1. Using the statement, we calculate the number of days each balance is held, taking into account the value dates. 2. We calculate the commercial balances by multiplying C x T, that is, the principal or balance at each point in time by the time or number of days each balance is held. We enter positive balances in the "Credit Commercial Balances" column, debit balances in the "Debit Commercial Balances" column, and excess debit balances in the "Excess Commercial Balances" column. 3. We sum each of the columns. 4. We calculate the credit interest and subtract the withholding tax. 5. We calculate the debit interest. 6. We calculate the debit interest. 7. We calculate the non-disbursement fee. 8. We enter any other fees, if applicable. 9. We calculate the final balance: balance - credit interest + withholding tax + debit interest + fees. The balance indicates what is owed to the bank. It is very similar to the statement or settlement of a checking account, but it is important to keep in mind that a checking account is a bank liability product (i.e., an asset for the company) and a credit account is a bank asset product (i.e., a liability for the company).