Curtailment Schedule Period Details
Purpose
Allows the individual instalments of the Curtailment Schedule to be configured. The schedule may have multiple periods at different rates, but the total rate must add to 100%.
Access
- View | Bailment Account Details |
| Curtailment Tab |
| [F2] Lookup on Curtailment Schedule field | Curtailment Schedule Browse | Curtailment Schedule Details |
or
- View | Distributors | Distributor Browse |
Dialog Details
Details Specific Fields
Field | Explanation |
Number of Periods | Number of periods that the specified rate will apply for |
| Rate % | Percentage of the asset required to be repaid May be 0 to indicate deferral Rate % must total 100% over total schedule |
Example
Below is a 33 period curtailment schedule with varying payment percentages required (including some deferrals).
The resultant repayment schedule for each curtailment model is shown
| Periods | Percent | Security Deposit | Australian GST | New Zealand GST |
| 1 | 0% | $0.00 | $0.00 | $15,000 |
| 5 | 0% | $0.00 | $0.00 | $0.00 |
3 | 10% | $10,000 per period | $11,000 per period incl GST | $10,000 per period |
2 | 5% | $5,000 per period | $5,500 per period incl GST | $5,000 per period |
6 | 0% | $0.00 | $0.00 | $0.00 |
3 | 10% | $10,000 per period | $11,000 per period incl GST | $10,000 per period |
12 | 0% | $0.00 | $0.00 | $0.00 |
1 | 30% | $30,000 + GST $10,000 | $33,000 incl GST | $30,000 |
Totals | ||||
33 periods | 100% | $110,000 | $110,000 | $115,000 |
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