Create & Maintain Planned Interest Rate Changes
Purpose
To post the Interest Profile or Interest Base Rate line and update the Maturity Date and/or the Instalment Amount
Timing
First business day following the Interest Rate effective date
Access
- Variable Loan | Create & Maintain Planned Interest Rate
Changes |
Process
Enter the Date the Interest Rate is Effective from
[F2] to 
the new Interest Rate
Process Outcome
The Status of the planned rate changes will have been updated to 'Posted'.
The Account Maturity Date and/or Instalment Amount will be updated on the Account Details dialog
The Interest Profile rate will now also show as 'Posted'. A Rate Change transaction will have posted to the account with a value date that the interest rate change was applied on the interest profile. Interest will be calculated at the new rate from this date forward.
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