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 existing codes can be completed at any time

Access

1. [F2] Lookup on a Variable Loan Account 
   

Dialog Details

• Related Articles

• Variable Loan Interest Rate Change Notifications

  Purpose To automate the process of creating interest rate change advice notices with updated calculated values. The system will: Generate a list of accounts affected by a rate change percentage Create communications advising the change of rate Allow ...

• 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 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 ...

• 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 ...

• Post Interest Rate Change Notification

  Purpose To Post Future Rate Changes on Variable loans for both Future and Current ledger interest rate changes, create direct debit schedules and create communications to be sent to the account holder. Prerequisites A backup should always be taken ...