Recalculated Deposit

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For fixed price contracts with a deposit as part of the payment terms, the deposit is calculated according to the set percentage. However, this field is editable. If a different amount is entered, a new field appears with the recalculated deposit.

 

In this example, a contract was created for 100 MT sugar at US$ 350 per MT, single fixed price delivery. Based on the 10% / 90% payment term, the deposit should be US$ 3500. However, a deposit of US$ 5000 had been entered. The originally calculated deposit is displayed in the non-editable field called Recalculated Deposit.

 

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