General
Planned Rate Change Browse
Purpose Provides access to create, alter and post updated instalment amounts and/or maturity dates for planned interest rate changes to Variable Loan accounts. Communication rate change advices may also be created. Note: this process will only update ...
Planned Rate Change Details
Purpose Allows the adjustment of an Instalment amount and/or Maturity Date for a client account that is subject to a planned interest rate change Timing Will be used between the generation and posting of rate changes Access Location | location Dialog ...
IFRS Variable Loans
Purpose The Variable Loan System will allow the spreading of fees for each loan. This can only be done on a straight line basis. The Variable Loan Unearned Fees Report will detail how fees will be spread. The Variable Loan System month end reset ...
Setup of a Daily Interest - Reinvest Account
Purpose To allow the setup of a Daily Interest Reinvest Account. Interest amount is due to be reinvested weekly, fortnightly or monthly etc The Principal Loan amount is due for repayment on the last Interest Repayment Date The Interest is calculated ...
Setup of a Daily Interest - Repayable Account
Purpose To allow the setup of a Daily Interest Repayable Account. Interest amount is due to be paid weekly, fortnightly or monthly etc The Principal Loan amount is due for repayment on the last Interest Repayment Date The Interest is calculated with ...
Setup of an Annualised Interest - Repayable Account
Purpose To allow the setup of a Annualised Interest Repayable Account. Annualised interest amount is due to be paid weekly, fortnightly or monthly etc The Principal Loan amount is due for repayment on the last Interest Repayment Date The Interest is ...
Interest Rate Change Notification Details
Purpose Allows the management of accounts when changing the Interest Rate on a loan This can be calculated for Interest Only and Principal and Interest loans Access Variable Loans | Create & Maintain Interest Rate Notifications | Dialog Field ...
Variable Loan Dealer Profile Browse
Purpose To provide a list of Variable Loan Dealer Profiles that have been established Access Dealer | Edit/View Dealer Variable Loan Profiles Variable Loan | Edit/View Variable Loan Dealer Profiles [F2] Lookup of the Dealer Profile Field in the ...
Variable Loan Dealer Profile Details
Purpose A dealer profile will replicated the cost items set up on the Variable Loan Control Details, and allows the set up of rules on which components of a loan will post to the dealer system. At least one dealer profile must be set up, as this is a ...
Variable Loan Financial Details
Purpose Allows the entry of initial loan components. Liability entries will be posted to the account associated Dealer for Payout per the rules defined on the selected Dealer profile Access Variable Loan Account | Dialog Details Details Specific ...
Variable Loan Control Details
Purpose Provide Control Details for the key month end setup parameters and allow file paths to be selected for custom reports Also controls the Transaction Types used for Instalment postings, and the calculation method for the Planned Rate Change ...
Early Termination Fee Browse
Purpose To view the Variable Loan Early Termination fees that have been established Access Accounts | Edit/View Account Types | Account Type Browse | | | | Dialog Details
Early Termination Fee Details
Purpose To setup the details for the charging of fees on Variable Loan settlement (Early Termination) Once the dee has been loaded here, a button will be available on the Variable Loan Early Termination details and Enquiry dialogs, allowing entry of ...
Variable Loan Early Termination Details
Purpose To calculate Early Termination (settlement) figures for a Variable Loan. - calculates the figures to provide a client with a settlement Quote - terminates the loan according to the details entered Access Variable Loan Browse | for the ...
Variable Loan Account Details
Purpose Variable Loan accounts are used to manage any loan where terms and conditions change over the life of the loan. Common changes may be interest rates, repayment amounts or maturity dates. Timing Variable Loan Accounts may be viewed at any ...
Payment Cycle Details
Purpose The Payment Cycles are used to identify accounts by a user defined code and are specific to your company. These are used in the Create and Maintain Interest Rate Notifications Process. Timing Setup of new Payment Cycles or alterations to ...
Payment Cycle Browse
Purpose To provide a list of Payment Cycles that have been established Access [F2] Lookup on a Variable Loan Account Search Criteria
Variable Loan Account Type Setup
Purpose Account Types are to differentiate the types of Variable Loans provided. Examples may be: Interest only compounding Interest only repayable Principal and interest Or the distinction may be by product offering: Revolving Credit Mortgage ...
Variable Loan Facility Fee Details
Purpose Setup of the details required to charge a fee on the unused proportion of the Variable Loan facility limit. Access Variable Loan | Access Variable Loan Accounts | | Dialog Details Detail Specific Fields Field Explanation Rate Enter the ...
Variable Loan Interest Charging Options
P & I Loan Vault details dialog will have the following completed: Next Instalment Instalment Frequency Instalment Amount The Interest Action must be Reinvest Interest Calculation Tables: Interest Only - Payable Interest Action = Transfer Account ...