AR Promissory Note Feature

Hi Gurus,

Which functionality available for promissory note of AR Invoices in ORacle R12?

And how to setup the feature?

Here Our business process:

1. AR Staff create invoice and send to customer

2. AR Staff create promissory note of that invoice then send to Bank

3. Bank approve and agree promissory note

4. Bank give short term debt based on Promissory note

5. over 90 days, whether we receive customer receipt or not, we should pay the short term debt to bank (bank can autodebit automatically)

6. and we should pay the bank interest.

Journal Created:

1. Receive Short term debt

    Dr. Cash

          Cr. Short term debt