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Counterparty

Precisa automatically extracts the other party (aka counterparty) involved in each transaction and provides summary of debit & credit transactions volume by counterparty. This helps loan officers quickly identify the top income & expense contributors. There are two sections in this tab: 

  • Credit Txns (Deposits/ Inflow) following details about the contributors are displayed here: 
    • Counterparty – name of the entity. Transactions for which counterparty could not be determined due to insufficient information in particulars or because counterparty is not applicable like ATM deposits, are grouped together under counterparty named “unknown” 
    • Amount – total amount received by the counterparty during the entire statement period
    • Amount % – credits received from this counterparty as % of total credit amount. If this number is high for one or two counterparties, it indicates heavy reliance on few customers for business 
    • Txn count – total credit transactions conducted with this counterparty. Click on the count to view corresponding transactions 
  • Debit Txns (Withdrawals/ Outflow) following details about the contributors are displayed here:
    • Counterparty – name of the entity. Transactions for which counterparty could not be determined due to insufficient information in particulars or because counterparty is not applicable like ATM withdrawals, are grouped together under counterparty named “unknown” 
    • Amount – total amount paid 
    • Amount % – payments made to the counterparty as % of total withdrawals/ outflow. If this number is high for one or two counterparties, it indicates heavy reliance on few suppliers for business 
    • Txn count – total debit transactions conducted with this counterparty. Click on the count to view corresponding transactions